Financial Performance - Revenue increased to $38 million, a 13% year-over-year increase[6] - Adjusted EBITDA was $4 million, a $15 million year-over-year improvement[6] - GAAP gross margin was 33%, a 5 percentage point increase year-over-year, while non-GAAP gross margin was 49%, a 9 percentage point increase year-over-year[6] - Annual Recurring Revenue (ARR) reached $59 million, a 3% quarter-over-quarter increase and a 22% year-over-year increase[6] Operating Metrics - Contracted Annual Recurring Revenue (CARR) was $692 million in 2Q25[12] - Storage Operating Assets Under Management (AUM) increased to 17 GWh[13] - Solar Operating AUM reached 327 GW[13] Strategic Debt Exchange - Stem completed a strategic debt exchange, reducing outstanding debt by nearly $200 million[21] - The debt exchange decreased the 2028 principal amount by nearly $230 million[21] - The company exchanged $350 million in aggregate principal amount of 2028 and 2030 Convertible Senior Notes for $155 million in new First Lien Notes due 2030 and $10 million in cash[18] Guidance - Stem reaffirmed its 2025 guidance, with expectations of tracking towards the high end on nearly all metrics[7, 30]

Core Viewpoint - Surf Air Mobility (SRFM) is expected to report a loss per share of $1.09 for Q2 2025, with revenues estimated at $25.9 million, indicating a 20% year-over-year decline [1][8]. Financial Performance - The Zacks Consensus Estimate for loss per share has remained unchanged at $1.09 over the past 60 days, compared to a loss of $1.96 per share a year ago [1]. - The company reported a loss of $1.31 per share in Q1 2025, which was wider than the Zacks Consensus Estimate of a loss of $1.08 [2]. Revenue Expectations - Scheduled service revenues are anticipated to decrease due to the elimination of unprofitable routes and service interruptions earlier this year [4]. - On-Demand service revenues are also expected to decline year-over-year as the company focuses on charter profitability [4]. - The company expects Q2 revenues to fall within the range of $23.5 million to $26.5 million [4]. Cost Management - Lower technology and compensation costs are expected to positively impact the bottom line for the upcoming quarter [5]. - The company is optimizing its airline plans, which is anticipated to aid results [5]. - Efficiencies from SurfOS, an AI-enabled software platform developed with Palantir Technologies, are expected to contribute positively, with an update anticipated during the Q2 conference call [5]. Earnings Prediction - The Zacks model does not predict an earnings beat for SRFM, as the Earnings ESP is 0.00%, indicating that the Most Accurate Estimate aligns with the Zacks Consensus Estimate [6][7]. Company Ranking - SRFM currently holds a Zacks Rank of 3, indicating a hold position [9].

Core Insights - Raytheon has successfully demonstrated the ASTARTE system's integration with military command and control systems, enhancing airspace operations during Project Convergence Capstone 5 [1][2] Group 1: ASTARTE System Capabilities - ASTARTE automates the provision of a real-time common operational picture, improving airspace deconfliction and mission planning in congested battlespaces [2][3] - The system provides real-time recommendations, saving time and enhancing decision-making quality compared to manual processes [4] Group 2: Technological Advancements - The ASTARTE system has been refined since its last demonstration, now capable of handling larger scenarios and improving reliability to meet evolving military needs [4] - The advanced capabilities of ASTARTE offer a technological edge for multi-domain operations, making it a valuable asset for large-scale military operations [3] Group 3: Company Overview - Raytheon, part of RTX, is a leading provider of defense solutions, focusing on integrated air and missile defense, advanced sensors, and other critical technologies [5] - RTX is the largest aerospace and defense company globally, with over 185,000 employees and 2024 sales exceeding $80 billion [6]