PresentationGood morning, ladies and gentlemen, and thank you for standing by. Welcome to the Zynex Third Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to Vikram Bajaj, Chief Financial Officer of Zynex. Please go ahead.Vikram BajajChief Financial Officer Thank you, operator, and good afternoon, everyone. Yesterday, we released financial results for the third quarter September 30, 2025. A copy of t ...

Core Viewpoint - The conference call is focused on providing a shareholder update for Precipio's third quarter of 2025, highlighting forward-looking statements about the company's business performance and expectations [1][3]. Group 1: Forward-Looking Statements - The statements made during the call include forward-looking statements that are based on current expectations, forecasts, and assumptions, which are subject to significant risks and uncertainties [1]. - Forward-looking statements may include terms such as may, will, should, could, expect, intend, plan, anticipate, believe, estimate, predict, potential, forecast, and continue [1]. Group 2: Risks and Uncertainties - Actual results may differ materially from those set forth in forward-looking statements due to various risks and uncertainties [2]. - The company references its annual report on Form 10-K for the year ended December 31, 2024, which details risk factors that could impact results [2].

Core Viewpoint - Nortech Systems, Inc. is conducting its Third Quarter 2025 Earnings Conference Call to discuss operational reviews, recent developments, and financial results [1][2]. Group 1: Operational Overview - The call will begin with a review of operations and business outlook by the President and CEO, Jay Miller [2]. - The company emphasizes that statements made during the call may include forward-looking information regarding expected net sales and operating results [2][3]. Group 2: Financial Results - The Chief Financial Officer, Andrew LaFrence, will present the financial results for the third quarter of 2025 following the operational review [2]. - The company will provide insights into future plans and opportunities during the call [2].

Core Viewpoint - CV Sciences held its Third Quarter 2025 Earnings Conference Call, where key executives presented the financial results and future outlook of the company [1][2]. Financial Results - The company issued a press release detailing its financial results for the third quarter of 2025, which participants were encouraged to review for a summary of the results [5]. Management Commentary - The call featured prepared remarks from the Chief Executive Officer, Joseph Dowling, and Chief Financial Officer, Joerg Grasser, who provided insights into the company's performance and strategic direction [2]. Forward-Looking Statements - Management's remarks included forward-looking statements that are subject to risks and uncertainties, indicating that actual results may differ from expectations [3]. Non-GAAP Financial Measures - The company discussed non-GAAP financial measures, which exclude certain expenses from GAAP results, and provided a reconciliation of these measures in the press release [4].

Financial Data and Key Metrics Changes - Ultrapar's adjusted EBITDA was R$1.9 billion, a 27% increase year over year, including R$185 million in extraordinary tax credits [8] - Net income for the quarter reached R$772 million, an 11% increase year over year, driven by higher operating results and tax credits [8] - Operating cash generation was R$2.1 billion, nearly three times the cash generated in the same period last year [9] - The company ended the quarter with R$12 billion in net debt and a leverage of 1.7 times, down from 1.9 times in the previous quarter [10] Business Line Data and Key Metrics Changes - Ipiranga's volume sold increased by 1% compared to last year, with a notable recovery in sales volume in September [10] - Epranga's EBITDA totaled R$1.85 billion, a 12% increase year over year, while recurring EBITDA was R$892 million, a 5% decrease compared to the previous year [11] - UltraGas reported a 6% decrease in LPG volume sold compared to the same period in 2023, but recurring adjusted EBITDA increased by 3% [12] - UltraCargo's average installed capacity grew by 3% year over year, but cubic meters sold decreased by 12%, leading to a 9% decrease in net revenue [13][14] - Hidrovias handled 30% more volume compared to the same period last year, with adjusted EBITDA reaching R$332 million [15] Market Data and Key Metrics Changes - The market recovery was noted following the carbon lookout operation, which has been addressing irregular companies in the sector [10] - The competitive dynamics in the LPG market were impacted by increased costs from Petrobras auctions, leading to lower demand [12] Company Strategy and Development Direction - The company is focused on reducing leverage and enhancing its strategic positioning, including the expansion of UltraCargo's terminal and the acquisition of a stake in Virto [5][6] - Ultrapar aims to invest in sectors with high growth and profitability potential, while also considering dividend distribution if no suitable projects are found [23][27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the ongoing recovery in the market, expecting continued volume growth and profitability in the fourth quarter [12] - The company is committed to fighting illegal practices in the fuel sector and is optimistic about the impact of recent regulatory actions [4][20] Other Important Information - The company recognized R$238 million in extraordinary tax credits at Epranga, contributing to strong cash generation [4] - The approval of the LPG terminal in Pecém for UltraGas was highlighted as a commitment to safety and efficiency in supply [6] Q&A Session Summary Question: Expectations for Ipiranga's volume and margin improvements - Management noted that the hidden carbon operation has positively impacted the industry, with expectations for volume recovery and margin optimization [18][20] Question: Future capital allocation strategy - The company will seek projects with potential for value creation, but if no suitable projects are found, it may increase dividend distribution [23][27] Question: Cash generation and dividend distribution - Strong cash generation in the quarter may lead to anticipated dividends in the fourth quarter, considering new taxation on dividends [26][27] Question: Inventory variation and CapEx expectations - Management indicated that inventory levels are stable, and CapEx for the year is expected to be about 10% less than initially planned [28][29] Question: Changes in LPG pricing and compliance with resellers - The government program aims to address energy poverty, and compliance with resellers is being actively communicated [30][32] Question: Regulatory review of LPG - The regulatory review process is ongoing, with expectations for completion in the first half of 2026 [33][34] Question: Profitability expectations for Ipiranga in the fourth quarter - Management expects similar profitability levels in the fourth quarter, with ongoing market dynamics influencing margins [35]

Core Points - Lulu's Fiscal Third Quarter 2025 results were discussed during the earnings conference call [2] - The call included forward-looking statements regarding management's expectations and strategies for growth [3] Financial Outlook - The company provided insights into its financial outlook for the fourth quarter and fiscal year 2025 [3] - Expectations around the impact of the macroeconomic environment, including tariffs and consumer demand, were highlighted [3] Growth Opportunities - Management discussed opportunities for growth in the coming quarter and the long-term growth trajectory of the business [3] - Initiatives such as technology enablement and personalized shopping were mentioned as part of the company's strategy [3]

Group 1 - The earnings conference call for NetSol Technologies for the first quarter of fiscal 2026 was conducted, featuring key executives including the CEO and CFO [2][3] - The call included a review of the company's business highlights and financial results for the specified quarter [3] - The company emphasized the importance of caution regarding forward-looking statements made during the call, which are subject to risks and uncertainties [4]

Core Viewpoint - Nuwellis is conducting a conference call to discuss its financial results for the third quarter of 2025, highlighting the importance of the information shared during the call [2][3]. Financial Results - The financial results for the third quarter ended September 30, 2025, were released earlier, and details can be found on the company's Investor page [3]. Leadership - The call features key executives including John Erb, Chairman of the Board and CEO, and Lynn Blake, the Interim Head of Finance [2].

Financial Performance - Revenue for Q3 2025 was $1602 million, a 1% increase compared to Q3 2024[13] - Adjusted EBITDA for Q3 2025 was $518 million, with a 323% Adjusted EBITDA margin[13] - Adjusted diluted EPS for Q3 2025 was $101, compared to $087 in Q3 2024, a 16% increase[13] - The full-year revenue range is revised to $6200 million - $6250 million, with an Adjusted EBITDA margin guidance revised to approximately 310%[13] - Free Cash Flow before one-time costs YTD September 2025 was $813 million, compared to $693 million in 2024[32] Revenue Analysis by Segment - Total Women's Health revenue was $429 million in Q3 2025, a decrease of 3% compared to Q3 2024[17] However, year-to-date Women's Health revenue increased by 3% to $1354 million[15,17] - Nexplanon revenue was $223 million in Q3 2025, a decrease of 8% compared to Q3 2024[17] - Total Biosimilars revenue was $196 million in Q3 2025, a 19% increase compared to Q3 2024[20] Year-to-date Biosimilars revenue increased by 2% to $510 million[20] - Hadlima revenue increased by 57% to $63 million in Q3 2025[20] - Total Established Brands revenue was $956 million in Q3 2025, a 1% increase compared to Q3 2024[24] Year-to-date Established Brands revenue decreased by 5% to $2778 million[24] Geographic Performance - United States revenue increased by 2% to $406 million in Q3 2025[56] - Europe and Canada revenue decreased by 4% to $417 million in Q3 2025[56] - Latin America, Middle East, Russia and Africa revenue increased by 18% to $286 million in Q3 2025[56] Guidance - Full-year revenue guidance is revised to $6200 million - $6250 million, representing a nominal revenue growth of (32%) - (24%)[39] - Adjusted EBITDA margin guidance is revised to approximately 310%[39]

Core Points - The conference call is focused on Haleon's third quarter trading statement for 2025 [1] - Jo Russell, Head of Investor Relations, and Dawn Allen, CFO, are leading the discussion [1] Company Overview - The company is expected to provide forward-looking statements regarding estimates, plans, and expectations during the call [2] - Listeners are reminded to refer to the company's announcements and filings for more details on potential discrepancies in actual results [2] Q&A Session - After the remarks from the CFO, a question-and-answer session will be held for participants [3] - Dial-in details for the webcast audience are provided in the press release [3]