Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $21.1 million, a decrease of 16% from $25.2 million in Q3 2024 [18] - Net income for Q3 2025 was $9.3 million, compared to $3.4 million in the same period of 2024 [21] - Gross profit was $11.3 million in Q3 2025, down from $12.2 million in Q3 2024, but gross margins improved to 53.6% from 48.4% [20][21] - Revenue from services was $17 million, a slight decrease of 1.4% from $17.3 million in Q3 2024, contributing 80.6% of total revenue [19] Business Line Data and Key Metrics Changes - GlocalMe LINE business line saw average monthly active terminals reach 3,903, an increase of 408.2% year-over-year [7] - GlocalMe IoT recorded a year-over-year increase of 583.0% in average monthly active terminals [9] - GlocalMe SYNC surpassed 400,000 cumulative cars sold, with a 269.5% year-over-year increase in average monthly active terminals [10] - Average monthly active users (MAUs) for GlocalMe IoT, GlocalMe SYNC, and GlocalMe Life increased by 593.3%, 188.2%, and 382.3%, respectively [18] Market Data and Key Metrics Changes - Geographically, revenue contributions in Q3 2025 were 33.2% from Japan, 35.1% from Mainland China, 15.4% from North America, and 16.3% from other regions [19] - The company reported a significant increase in revenue from Mainland China, driven by the recovery of Chinese outbound travel post-pandemic [32][34] Company Strategy and Development Direction - The company is focused on overcoming digital divides through innovative connectivity solutions, including investments in R&D and marketing [6] - New product lines such as GlocalMe LINE, GlocalMe SYNC, and GlocalMe IoT are expected to drive future growth [6][14] - The company plans to establish a new operational structure and raise additional capital to accelerate the global expansion of its pet tech business [8][9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the complex macroeconomic environment but emphasized operational profitability and stable margins [5] - For Q1 2025, the company expects total revenues to be between $22 million and $26.5 million, indicating a potential decrease of 15.4% to an increase of 1.9% compared to Q1 2024 [14] - The company is revising its full-year 2025 revenue guidance to a range of $81.3 million to $85.8 million due to ongoing macroeconomic challenges [15] Other Important Information - The company maintained a solid balance sheet with cash and cash equivalents of $28.5 million as of September 30, 2025 [22] - The average daily active terminals (DATs) were 332,674, reflecting a 3.8% increase from Q3 2024 [17] Q&A Session Summary Question: Sources of $9 million in other income - Management clarified that the $9 million gain was from the fair values of other investments, indicating a change in fair values [23] Question: Reasons for decline in product sales - Management explained that product sales decreased by $4 million, primarily due to a drop in low-margin product sales and delayed orders from a Japanese customer [24][25] Question: Drivers behind increased revenue from Mainland China - Management attributed the growth to the recovery of Chinese outbound travel and the popularity of 5G services [32][34] Question: Impact of trade tensions on the market - Management expressed optimism about the US market, anticipating growth due to new product launches and partnerships with major retailers [38] Question: Details on PetPhone orders - Management confirmed that 30,000 units of PetPhone were ordered for the Middle East market, with the remaining units allocated for the US market [48][49]

DRIVE CUSTOMER GROWTH THROUGH DIGITAL ENGAGEMENT Driving engagement, growth, and long-term value creation through four digital platforms. Q2 -2025 ID Sales +2.2% Digital Sales +23% Adjusted EPS $0.44 Adjusted EBITDA $848M Customers for life. Driving growth with targeted investments Accelerating acquisition, retention, and measurable results with AI-powered technology. BUILD OUR MEDIA BUSINESS Driving transparency and performance with real-time data Enabling seamless experience and amplifying partner value E ...

Core Insights - Opendoor's stock surged over 75% following the announcement of Kaz Nejatian, former COO of Shopify, as the new CEO, marking the stock's rise above $10 for the first time since early 2022 [1][4] Leadership Changes - Kaz Nejatian has been appointed as CEO, replacing Carrie Wheeler, who stepped down amid investor pressure [1][2] - Co-founder Keith Rabois has been named chairman of the board, and Eric Wu has been reappointed to the board after leaving in 2022 [2] Market Performance - The stock price of Opendoor has increased by more than 840% over the past six months, recovering from a low of below $1 in April [4] - The company reported its first quarter of positive adjusted EBITDA in Q2, indicating a potential turnaround [4] Strategic Vision - Nejatian aims to leverage AI-powered technology and new strategies, such as partnerships with traditional brokers, to enhance market share and profitability [5] - He expressed a vision of building a platform for homeownership that unlocks opportunities for families [6]

Core Viewpoint - Fluent, Inc. reported strong growth in its Commerce Media Solutions business, with a year-over-year revenue increase of 121% and a run rate growth of 23% compared to the first quarter of 2025, while also anticipating continued growth in the latter half of the year [2][3]. Financial Performance - Q2 2025 revenue was $44.7 million, a decrease of 24% from $58.7 million in Q2 2024 [6]. - Commerce Media Solutions revenue grew 121% to $16.1 million, representing 36% of total revenue, up from 12% in Q2 2024 [5][6]. - Owned and Operated revenue decreased 49% to $21.4 million compared to $42.0 million in Q2 2024 [6]. - The company reported a net loss of $7.2 million, or $0.30 per share, compared to a net loss of $11.6 million, or $0.75 per share, for Q2 2024 [6][7]. Strategic Outlook - The company expects Commerce Media Solutions to become the majority revenue contributor in the second half of 2025, marking a significant milestone [3]. - Fluent anticipates adjusted EBITDA profitability in Q4 2025 and full-year double-digit revenue growth and adjusted EBITDA profitability in 2026 [3][8]. Key Metrics - Commerce Media Solutions annual revenue run rate now exceeds $80 million, reflecting a 23% quarter-over-quarter increase [5]. - Gross profit (exclusive of depreciation and amortization) for Q2 2025 was $10.3 million, representing 23% of revenue, while Commerce Media Solutions reported a gross profit of $2.9 million, an increase of 43% over Q2 2024 [6][21]. - Adjusted EBITDA loss for Q2 2025 was $2.8 million, an improvement of $1.7 million compared to Q2 2024 [6][29]. Capital and Investment - The company raised $10.3 million from new investors and insiders subsequent to the quarter [5].