Core Viewpoint - Creative Realities, Inc. reported a revenue growth of 34% sequentially in the second quarter of fiscal 2025, with expectations for stronger performance in the second half of the year, aiming for record results in 2025 [3][4]. Financial Performance - Sales for the second quarter of fiscal 2025 were $13.0 million, slightly down from $13.1 million in the same period of fiscal 2024 [4][8]. - Hardware revenue increased to $7.1 million from $5.0 million year-over-year, driven by demand from quick-serve restaurants and sports/entertainment sectors [4][8]. - Service revenue decreased to $6.0 million from $8.1 million, attributed to a reduction in SaaS subscriptions and the exit from media sales [4][5]. Profitability Metrics - Consolidated gross profit was $5.0 million, down from $6.8 million in the prior-year period, with a gross margin of 38.5% compared to 51.8% [5][8]. - Adjusted EBITDA for the second quarter was $1.2 million, down from $1.5 million in the prior-year period [9][8]. Operating Expenses - Sales and marketing expenses decreased to $1.2 million from $1.7 million, while general and administrative expenses rose to $5.2 million from $4.5 million [6][8]. - The company reported an operating loss of approximately $1.3 million, compared to an operating profit of $0.6 million in the same quarter of the previous year [7][8]. Balance Sheet and Cash Flow - As of June 30, 2025, the company had cash on hand of approximately $0.6 million, down from $1.0 million at the end of 2024, with outstanding debt increasing to $20.1 million from $13.0 million [10][8]. - The trailing twelve-month gross and net leverage ratios were 4.53x and 4.40x, respectively, compared to 2.59x and 2.39x at the beginning of 2025 [10][8]. Annual Recurring Revenue - The company ended the second quarter with an annual recurring revenue (ARR) run-rate of approximately $18.1 million, up from $17.3 million as of March 31, 2025 [5][8].

Core Insights - Sanara MedTech Inc. reported a 28% year-over-year increase in net revenue for Q2 2025, reaching $25.8 million, driven by strong sales in its Sanara Surgical segment [5][8] - The company is evaluating strategic alternatives for its subsidiary, Tissue Health Plus, LLC, to maximize shareholder value while continuing to invest in its technology platform [4][12] Financial Performance - Q2 2025 net revenue increased to $25.8 million from $20.2 million in Q2 2024, a growth of $5.7 million or 28% [5][8] - For the first six months of 2025, net revenue rose 27% year-over-year to $49.3 million, compared to $38.7 million in the same period of 2024 [15] - The company reported a net loss of $2.0 million in Q2 2025, an improvement from a net loss of $3.5 million in Q2 2024 [12][16] - Adjusted EBITDA for Q2 2025 was $2.7 million, compared to $0.6 million in Q2 2024 [13] Segment Performance - The Sanara Surgical segment achieved a net income of $0.5 million in Q2 2025, a significant improvement from a net loss of $2.2 million in Q2 2024 [12] - The Tissue Health Plus segment reported a net loss of $2.5 million in Q2 2025, compared to a net loss of $1.3 million in Q2 2024 [12] - For the first six months of 2025, the Sanara Surgical segment generated Segment Adjusted EBITDA of $7.4 million, up from $2.5 million in the same period of 2024 [17] Revenue Breakdown - Sales of soft tissue repair products contributed $22.7 million in Q2 2025, up from $17.6 million in Q2 2024, marking a 28% increase [7][8] - Bone fusion products sales increased to $3.1 million in Q2 2025, a 25% rise from $2.5 million in Q2 2024 [7][8] Operating Expenses - Operating expenses for Q2 2025 were $23.9 million, an increase of 14% from $21.0 million in Q2 2024, primarily due to higher selling, general, and administrative expenses [10] - The gross profit for Q2 2025 was $23.9 million, reflecting a gross margin of 93%, up from 90% in Q2 2024 [9] Cash Flow and Debt - Cash flow from operating activities in Q2 2025 was $2.7 million, compared to cash used in operating activities of $1.4 million in Q2 2024 [14] - As of June 30, 2025, the company had $17.0 million in cash and $44.2 million in long-term debt, compared to $15.9 million and $30.7 million, respectively, at the end of 2024 [14]

Core Insights - KP Tissue Inc. (KPT) reported strong profitability in Q2 2025, with Adjusted EBITDA increasing by 11% year-over-year to $72.5 million, driven by higher sales volumes and favorable selling prices [3][9] - The company announced a $35 million investment in its Memphis manufacturing facility to enhance efficiency and support its growing U.S. business [4][14] - U.S. sales grew by 12% in the first half of 2025, although growth slowed in Q2 due to front-loaded shipments and softness in the Away-From-Home (AFH) market [3][6] Financial Performance - Revenue for Q2 2025 was $536.1 million, up from $509.8 million in Q2 2024, marking a 5.2% increase [6][10] - Cost of sales rose to $462.2 million in Q2 2025, an increase of 7.2% from $431.2 million in Q2 2024, primarily due to higher sales volume and pulp prices [7] - Selling, general and administrative (SG&A) expenses increased by 11.1% to $47.2 million in Q2 2025, compared to $42.5 million in Q2 2024 [8] Profitability Metrics - Adjusted EBITDA for Q2 2025 was $72.5 million, up from $65.3 million in Q2 2024, reflecting an 11% increase [9][10] - Net income for Q2 2025 was $22.1 million, compared to $10.6 million in Q2 2024, representing an increase of $11.5 million [11][10] - The company declared a quarterly dividend of $0.18 per share, to be paid on October 15, 2025 [15][10] Investment and Growth Strategy - The investment in the Memphis facility aims to deploy a state-of-the-art converting line for bathroom tissue and paper towels, enhancing production capabilities [4][14] - The company expects stronger performance in Q3 2025, projecting Adjusted EBITDA in the range of $75 million to $80 million [5] Liquidity Position - As of June 30, 2025, total liquidity was reported at $293.1 million, indicating a solid financial position [12]

Core Insights - DoubleDown Interactive Co., Ltd. reported its unaudited financial results for Q2 2025, transitioning to IFRS reporting standards from US GAAP [1][3] - The company generated $19.7 million in cash flow from operations, reflecting strong execution of strategic priorities [3] - Revenue for Q2 2025 was $84.8 million, a decrease of 3.8% from $88.2 million in Q2 2024, with social casino revenue declining by 14% [6][7] Financial Performance - Revenue from the social casino/free-to-play games was $69.3 million in Q2 2025, down from $80.7 million in Q2 2024 [6] - SuprNation, the iGaming subsidiary, achieved record revenue of $15.5 million, up 96% year-over-year [4][6] - Operating expenses increased to $52.4 million in Q2 2025 from $51.9 million in Q2 2024, primarily due to higher costs associated with SuprNation [6] Profitability Metrics - Profit for the interim period was $21.8 million, down from $33.1 million in Q2 2024, with earnings per diluted share of $8.82 compared to $13.35 [6][7] - Adjusted EBITDA for Q2 2025 was $33.5 million, a decrease from $37.5 million in Q2 2024, with an adjusted EBITDA margin of 39.5% [6][7] - Average Revenue Per Daily Active User (ARPDAU) remained stable at $1.33, while average monthly revenue per payer decreased slightly to $286 [6][7] Cash Flow and Balance Sheet - The company ended Q2 2025 with a net cash position of approximately $444 million, or about $8.96 per American Depositary Share (ADS) [5] - Net cash flows from operating activities fell to $19.7 million in Q2 2025 from $34.8 million in Q2 2024, primarily due to increased income taxes [6][7] - Total assets increased to $971.2 million as of June 30, 2025, compared to $906.2 million at the end of June 2024 [20][21]

Core Insights - Fathom Holdings Inc. reported a 36% year-over-year revenue growth for Q2 2025, driven by a 25% increase in transactions and a 23% rise in agent count [1][8][9] Financial Performance - Total revenue for Q2 2025 reached $121.4 million, up from $89.2 million in Q2 2024, marking a 36.1% increase [8][9] - Brokerage revenue increased by 39.6% to $116.0 million, while mortgage revenue decreased by 10.8% to $3.3 million, and title revenue surged by 88% to $1.5 million [9][10] - The company achieved adjusted EBITDA of $0.03 million in Q2 2025, its first positive quarter since Q2 2024 [12][29] Operational Highlights - Real estate transactions grew approximately 25.4% year-over-year to 12,710 in Q2 2025, largely due to the acquisition of My Home Group in November 2024 [7][13] - The agent network expanded by 22.6% to approximately 14,981 licenses as of June 30, 2025 [9][14] Strategic Initiatives - Fathom launched its intelliAgent platform and Elevate program licensing agreement with Sovereign Realty Partners, aiming to enhance profitability and agent satisfaction [3][4] - The Elevate program has onboarded over 70 agents, with plans to scale to over 300 agents by year-end [2][5] Future Outlook - The company is focused on scaling topline revenue and gross profit, with a commitment to achieving sustained adjusted EBITDA profitability [5][19] - Management plans to reassess guidance expectations for Q3 2025 in the fourth quarter [19]

Core Insights - CarParts.com, Inc. reported a net sales increase of 5% to $151.9 million for the second quarter of 2025 compared to $144.3 million in the same quarter last year, driven by higher consumer demand through its primary eCommerce sales channel [5][11] - The company is actively exploring strategic alternatives to maximize shareholder value, including a potential sale and strategic investments, with management expressing confidence that this process is nearing completion [3][9] - The company achieved positive Adjusted EBITDA in June 2025, indicating that strategic initiatives are beginning to yield tangible results, with expected annualized cost savings of approximately $10 million from investments in AI and automation [4][11] Financial Performance - Gross profit for the second quarter was $49.8 million, up from $48.4 million year-over-year, but gross margin decreased by 70 basis points to 32.8% due to product mix and tariffs [6][11] - Total operating expenses rose to $62.2 million from $57.1 million in the prior year, with operating expenses as a percentage of net sales increasing to 40.9% [7][11] - The net loss for the quarter was $12.7 million, compared to a net loss of $8.7 million in the same quarter last year, primarily due to lower gross margin and higher marketing expenses [8][11] Cash and Balance Sheet - As of June 28, 2025, the company had a cash balance of $19.8 million and a revolving loan balance of $10 million, compared to no revolver debt and a cash balance of $36.4 million at the end of the previous fiscal year [8][25] - Inventory stood at $94 million, reflecting an increase from $90.4 million at the end of the previous fiscal year [25] - Total assets decreased to $189.6 million from $210.6 million, while total liabilities increased slightly to $127.1 million [25][26] Market Position and Strategy - CarParts.com operates over 1 million quality automotive parts and accessories, positioning itself as a leading eCommerce provider in the automotive sector [13] - The company is focused on enhancing its fulfillment network and investing in technology to improve operational efficiency and customer experience [4][11] - The mobile app has achieved approximately 1 million cumulative downloads, indicating a growing digital presence [11]

Core Insights - Stem (STEM) shares have increased by 11.9% following the release of its second-quarter 2025 results, driven by strong growth in software and managed services, new customer engagements, expanded professional services, and increased recurring revenue momentum [1][9] - The company reported a loss of $3.73 per share, which is an improvement from the $4.40 loss per share in the same quarter last year, although it missed the Zacks Consensus Estimate by 24.33% [1][9] Revenue Performance - Revenues for the second quarter of 2025 reached $38.4 million, marking a 12.9% year-over-year increase and surpassing the consensus estimate by 15.93% [2][9] - Solar Software revenues accounted for 24.8% of total revenues, increasing by 20.4% year over year to $9.5 million [3] - Edge Hardware, which made up 31.5% of revenues, saw an 8.6% year-over-year increase to $12.1 million [3] - Project and Professional Services surged by 76.1% year over year to $2.3 million, while Storage Software & Managed Services rose by 53.2% to $9 million [3] - Battery Hardware resale revenues decreased by 30% year over year to $5.4 million [3] Operational Metrics - Bookings for the second quarter were $34.3 million, slightly down from $34.5 million in the previous quarter, while contracted backlog increased by 6% to $26.8 million [4] - Storage operating assets under management (AUM) grew by 42% year over year to 1.7 gigawatt hours (GWh), and solar operating AUM increased by 22% to 32.7 gigawatts (GW) [4] - Contracted Annual Recurring Revenue remained stable at $69.2 million, while Annual Recurring Revenue (ARR) rose by 3% quarter over quarter to $58.5 million, reflecting a 22% year-over-year growth [5] Cost and Margin Analysis - Non-GAAP gross margin expanded by 900 basis points to 48.9% in the second quarter of 2025 [6][9] - Operating expenses decreased significantly by 95.6% year over year to $26.1 million, with research & development expenses down by 34.6% to $10 million, general & administrative expenses down by 43.8% to $8.9 million, and selling and marketing expenses down by 33.8% to $7.3 million [6] EBITDA and Cash Flow - Adjusted EBITDA for the second quarter reached $3.8 million, a significant improvement from an adjusted EBITDA loss of $11.3 million in the same quarter of 2024 [7] - As of June 30, 2025, Stem had cash and cash equivalents of $40.8 million, down from $58.6 million as of March 31, 2025 [8] - Operating cash outflow for the second quarter was $21.3 million, compared to $11.9 million in the second quarter of 2024 [8] Future Guidance - For 2025, Stem expects revenues to be between $125 million and $175 million, with software, edge hardware, and services projected to contribute between $120 million and $140 million [10] - Battery hardware resale is anticipated to be approximately $35 million, with a non-GAAP gross margin expected between 30% and 40% [10] - Adjusted EBITDA is projected to range from a loss of $10 million to a gain of $5 million, and year-end ARR is expected to be between $55 million and $65 million [10]

Financial Data and Key Metrics Changes - The company reported second quarter adjusted EBITDA of $61 million, slightly below expectations due to underperformance of some wells and lower realized commodity prices [6][12] - Capital expenditures totaled $26.4 million, including approximately $5.5 million of maintenance CapEx [12] - Net debt was approximately $944 million, with available borrowing capacity of $359 million at the end of the quarter [12] Business Line Data and Key Metrics Changes - The Rockies segment generated adjusted EBITDA of $25.2 million, an increase of $400,000 from the first quarter, driven by a 5.4% increase in liquids volume throughput and a 14% increase in natural gas volume throughput [13] - The Permian Basin segment reported adjusted EBITDA of $8.3 million, a slight increase due to higher volume throughput [15] - The PON segment recorded adjusted EBITDA of $10.5 million, a decrease of $1.3 million due to higher operating expenses and a 1.1% decrease in volume throughput [15] - The Mid Con segment reported adjusted EBITDA of $24.9 million, an increase of $2.4 million due to a 2.9% increase in volume throughput [16] Market Data and Key Metrics Changes - Realized residue gas prices decreased approximately 40%, realized NGL prices decreased approximately 10%, and realized condensate prices decreased approximately 15% compared to the first quarter [13] - The company connected six new wells in the Arkoma and four new wells in the Barnett in July, indicating ongoing development activity [17] Company Strategy and Development Direction - The company executed a new ten-year extension of gathering agreements with a key customer in the Williston, increasing the weighted average contract life from four to eight years [8] - The company is preparing for a 20-well development program in the Arkoma, with completions expected to begin in the fourth quarter [9] - The company signed a new ten-year agreement for $100 million a day of firm capacity on the Double E pipeline, contingent on the customer's final investment decision [10] Management's Comments on Operating Environment and Future Outlook - Management expects to end the year towards the low end of the original adjusted EBITDA guidance range, attributing this to timing-related factors [18] - The company remains optimistic about the outlook, citing strong development activity and commercial progress across its segments [18] Other Important Information - The company was added to the Russell 3000, Russell 2000, and Russell Microcap indices during the June reconstitution, enhancing visibility among institutional investors [11] Q&A Session Summary - No questions were raised during the Q&A session, and the call concluded without any inquiries from participants [19]

Core Viewpoint - Euroholdings Ltd reported its financial results for the second quarter and first half of 2025, highlighting a strategic shift towards the tanker sector and announcing a quarterly dividend with an annualized yield of approximately 7.5% [4][5]. Financial Highlights Second Quarter 2025 Financial Highlights - Total net revenues were $2.9 million, a decrease of 27.8% from $4.0 million in the same period of 2024, attributed to a reduced average number of vessels operating [10]. - Net income for the quarter was $0.8 million, down from $2.3 million in the second quarter of 2024, with earnings per share of $0.30 compared to $0.81 in the prior year [13][14]. - Average time charter equivalent rate increased to $16,528 per day, a 7.1% rise from $15,435 in the same period of 2024 [8]. First Half 2025 Financial Highlights - Total net revenues for the first half were $5.8 million, a 26.4% decrease from $7.9 million in the first half of 2024, primarily due to fewer vessels operated [16]. - Net income for the first half was $11.9 million, significantly higher than $3.8 million in the same period of 2024, with earnings per share of $4.28 compared to $1.36 [22][23]. - Adjusted EBITDA for the first half was $1.7 million, down from $3.9 million in the first half of 2024 [22]. Recent Developments - The Board of Directors decided to focus on the tanker sector, specifically targeting modern medium-range product tankers for growth [4][6]. - Marla Investments Inc. acquired 51.04% of Euroholdings shares, strengthening the shareholder base alongside the Pittas family [5]. Operational Metrics - An average of 2.0 vessels were owned and operated during the second quarter of 2025, compared to 3.0 vessels in the same period of 2024 [10]. - Total daily vessel operating expenses averaged $11,296 per vessel per day, up from $6,349 in the same quarter of 2024, mainly due to increased general and administrative expenses [9]. Fleet Profile - Euroholdings operates a fleet of 2 feeder container carriers with a total carrying capacity of 3,171 TEU [58]. - The average time charter equivalent rate for the first half of 2025 was $16,158 per day, compared to $15,084 in the same period of 2024 [16].

Core Viewpoint - Beasley Broadcast Group reported a decline in net revenue and operating income for the second quarter of 2025, primarily due to softness in the traditional audio advertising market, although there was growth in high-margin digital revenue [3][4][7]. Financial Performance - Net revenue for the three months ended June 30, 2025, was $53.0 million, a decrease of 12.3% from $60.4 million in the same period of 2024 [2][3]. - Operating income was $2.9 million, down from $5.4 million year-over-year, attributed to a $7.4 million decline in net revenue [4][5]. - The company reported a net loss of approximately $0.2 million, or $0.09 per diluted share, compared to a net loss of $0.3 million, or $0.18 per diluted share, in the prior year [5][23]. - Adjusted EBITDA was $4.7 million, down from $8.8 million in the second quarter of 2024 [6][23]. Revenue Breakdown - Digital revenue increased by 1.3% year-over-year to $13.2 million, accounting for 25% of total revenue [8][9]. - Local revenue, including digital packages sold locally, represented 76% of net revenue [8]. - Revenue from new business accounted for 14% of net revenue, down from 17% in Q2 2024 [8]. Strategic Focus - The company is shifting focus from agency-driven business to more scalable and profitable direct revenue streams, emphasizing high-margin digital offerings [3][7]. - Management highlighted the importance of disciplined capital and cost management while investing in differentiated content and digital infrastructure [7][9]. Operational Changes - Beasley announced the pending sales of WPBB in Tampa and five stations in Ft. Myers as part of efforts to streamline its portfolio [9]. - The digital segment operating margin was reported at 27% [8]. Market Context - The decline in revenue reflects ongoing challenges in the traditional audio advertising market, which has been impacted by broader economic conditions [3][4].