RT BSCN (@BSCNews)📣 Latest Kaspa News: November 2025The @kaspaunchained ecosystem is expanding fast, with multiple significant updates in November so far...While @NachotheKat strengthens its ecosystem, the biggest $KAS whale gets greedy, a new social app nears mainnet launch, and 'VProgs' rise to revolutionize the Kaspa L1...Catch up now ⬇️[Sponsored] ...

RT BSCN (@BSCNews)📣 Latest Kaspa News: November 2025The @kaspaunchained ecosystem is expanding fast, with multiple significant updates in November so far...While @NachotheKat strengthens its ecosystem, the biggest $KAS whale gets greedy, a new social app nears mainnet launch, and 'VProgs' rise to revolutionize the Kaspa L1...Catch up now ⬇️[Sponsored] ...

RT BSCN (@BSCNews)📣 Latest Kaspa News: November 2025The @kaspaunchained ecosystem is expanding fast, with multiple significant updates in November so far...While @NachotheKat strengthens its ecosystem, the biggest $KAS whale gets greedy, a new social app nears mainnet launch, and 'VProgs' rise to revolutionize the Kaspa L1...Catch up now ⬇️[Sponsored] ...

Core Viewpoint - Xiaomi's 3Q revenue and adjusted net profit growth of 22% and 81% YoY, respectively, were slightly above expectations, driven by the fast-growing smart EV business, resilient internet segment, and improved operating efficiency, despite weaker smartphone sales [1][2] Financial Performance - 3Q25 revenue growth of 22% YoY was in line with expectations, supported by smart EV and internet services growth [2] - Smartphone revenue declined by 3% YoY due to flat shipments and a decrease in average selling price (ASP) [2] - Smart EV revenue surged by 198%, achieving operating income breakeven for the first time, attributed to strong EV deliveries and ASP increases [2] - IoT revenue increased by 6% YoY, driven by overseas markets, although this was partially offset by weaker sales in large home appliances in China [2] - Internet revenue grew by 11% YoY, supported by solid advertising growth [2] Outlook - Management is conservative regarding margin headwinds in the near term due to memory cost hikes and EV tax subsidies, but strategic objectives for smartphone and EV market share gains, new retail networks, and overseas expansion remain on track [3] - GPM pressure for smartphones is expected to persist into 4Q25 and 2026, despite securing supply agreements with memory suppliers [3] - For smart EVs, a decline in GPM is anticipated in 2026 due to competition and EV purchase tax subsidies [3] - IoT is expected to benefit from rapid overseas expansion and the development of Xiaomi's OS and local LLM as a foundation for an edge AI ecosystem [3] Strategic Positioning - Xiaomi's strong ecosystem and market expansion strategies are expected to help navigate headwinds, leading to a maintained BUY rating [4] - FY26-27E adjusted EPS has been trimmed by 9% each to reflect 3Q results, rising memory costs, and competition [4] - The new SOTP-based target price of HK$ 55.31 implies a 26.3x FY26E P/E ratio [4] - Upcoming catalysts include product launches, updates on memory pricing, and ramp-up of EV capacity [4]

Financial Data and Key Metrics Changes - Third quarter revenue reached $711 million, a 31% year-over-year increase, marking the seventh consecutive quarter of 30% or greater growth [31] - Software and services revenue increased 41% year-over-year to $305 million, driven by both new and existing customers [31] - Annual recurring revenue (ARR) grew 41% to $1.3 billion, with a strong net revenue retention rate of 124% [32] - Adjusted gross margin was 62.7%, a decrease of 50 basis points year-over-year, primarily due to tariffs [33] - Adjusted EBITDA margin was 24.9%, reflecting the impact of tariffs and planned increased R&D investments [33] Business Line Data and Key Metrics Changes - Connected Devices revenue grew 24% year-over-year to $405 million, reflecting broad-based demand [32] - TASER revenue increased by 17%, led by TASER 10, while Personal Sensors grew 20% driven by Axon Body 4 [32] - Platform Solutions revenue surged 71%, driven by Counter Drone, Virtual Reality, and Fleet [32] Market Data and Key Metrics Changes - Year-to-date bookings were up over 30%, with significant contributions from corrections and international markets [28] - International deals included a notable nine-figure cloud deal in Europe, indicating a shift in some countries towards cloud products [28][67] - The company reported strong growth in the corrections segment, with year-to-date bookings up more than 2x from last year [28] Company Strategy and Development Direction - The company is focused on expanding its ecosystem, particularly through the integration of Prepared and Carbine, which are expected to enhance 911 call response capabilities [10][20] - The strategy includes leveraging AI to improve communication and response times in emergency situations, aiming to create a more efficient and connected public safety system [16][44] - The company is also investing in new product lines and acquisitions to drive long-term growth and innovation [34][60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving another record year in 2026, with expectations for continued strong growth driven by AI tools and efficient decentralized ownership [29][92] - The company highlighted the importance of customer success as a key driver of its own success, emphasizing a relentless focus on customer needs [22][23] - Management acknowledged the impact of tariffs but maintained a positive outlook on gross margins as the software business continues to grow [33][108] Other Important Information - The company is excited about the upcoming launch of the Axon Body Workforce Mini, which is expected to significantly expand its enterprise opportunities [20][72] - Recent acquisitions, including Prepared and Carbine, are seen as strategic moves to enhance the company's capabilities in the 911 space and voice communications [20][46] Q&A Session Summary Question: AI's contribution to total bookings and any delays in contract decisions - Management confirmed that bookings growth is expected to remain strong, with a belief that high thirties year-over-year growth will continue into Q4 [39][40] Question: Rationale behind acquiring Prepared and Carbine - The acquisitions are aimed at enhancing the company's ecosystem, particularly in the 911 space, where there is significant room for innovation and improvement [42][46] Question: Interplay between software and services, and connected devices - Management indicated that software and services are expected to continue growing at a higher-than-average rate, driven by increasing user counts and upselling [50][54] Question: International deals and pipeline outlook - Management reported strong momentum in international markets, particularly in Europe, with expectations for continued growth [66][70] Question: Competitive landscape for body cameras and response to Motorola's new product - Management emphasized a focus on their own product development and customer satisfaction, asserting confidence in their body camera offerings [84][86] Question: Guidance for Q4 revenue acceleration and backlog - Management expressed strong visibility into Q4 bookings and confidence in achieving a significant bookings quarter [88][90]

Over the last couple, you know, days or so, um, I have been highlighting the growth around the Stellar ecosystem. And one of the biggest things when it comes back to Stellar that I have been highlighting is just how big Stellar is becoming on the institutional stage. Right.We know that Stellar has been doing extremely well over the last couple um you know months or so around major adoption and expansion. Um, but also, you know, the announcements behind tokenization initiatives from Meridian, that was such a ...

RT Phillip | SEI (@phillip_xyz)Congrats to the Yei team on the CLO token launchGreat to see the ecosystem continue to expand in a way that reflects real depth and maturityOnwards ...

That wraps up this week across ZKsync's Elastic Network 🌐From Atlas to new apps and billion-dollar milestones, the ecosystem keeps expanding fast.See you next week for more ZK-powered updates! ...

RT BSCN (@BSCNews)🚨 @VerasityTech EXPANDS ECOSYSTEM!Dual-network VeraWallet, Carbon Browser integration, and more. FInd out 👇https://t.co/WBeo6rQdLL ...

Bybit Leaders Join Mantle Advisory Board https://t.co/Ovo4wiYNVIMantle (@Mantle_Official):Mantle Network is excited to welcome two powerhouse leaders from @Bybit_Official as Key Advisors: Helen Liu and Emily Bao.This marks a major step forward in our ecosystem expansion and realignment. https://t.co/uKkomEXYCI ...