Meanwhile, let's bring in N in N in N in N in N in N in N in N in N in N invidia B Chris Roland, Suscoana's senior semiconductor analyst. He upgraded his Nvidia price target last Thursday to 230 bucks a share from 210. Chris, great to have you with us.What do you want to hear from the conference call. It seems like Jensen's saying all the right things so far. >> Yeah, I mean the tone was incredibly upbeat.I expect more from Colette who's speaking now and Jensen soon to come. Uh I think the biggest question ...

Precipio (NasdaqCM:PRPO) Q3 2025 Earnings Call November 17, 2025 05:00 PM ET Company ParticipantsIlan Danieli - CEOOperatorWelcome to the Precipio III Quarter 2025 Shareholder Update Conference call. All participants will be in listen-only mode. If you need assistance, please signal a conference specialist by pressing the star key followed by zero. Please note that the conference is being recorded. Statements made during this call contain forward-looking statements about our business. You should not place u ...

Core Insights - Peloton Interactive, Inc. is transitioning into fiscal 2026 with a more credible pathway toward sustained free cash flow, moving from a multi-year restructuring phase to disciplined operating execution [1] - The company raised its full-year free cash flow floor to at least $250 million, indicating increased confidence in cost restructuring and a favorable hardware mix [1][8] - In Q1 fiscal 2026, Peloton generated $67 million in free cash flow, a significant increase from $10 million a year earlier, driven by stronger operating profitability and lower-than-expected tariff rates [2][8] Financial Performance - Adjusted EBITDA for Q1 reached $118 million, exceeding guidance, supported by timing-related benefits and increased operating leverage [2] - Peloton raised its full-year gross margin outlook to 52%, a 100-basis-point increase, with hardware margins showing structural improvement [3] - The adjusted EBITDA outlook was increased to $425-$475 million, reflecting double-digit improvement despite softer Connected Fitness demand [3] Challenges and Market Dynamics - The recall of 833,000 Original Series Bike+ units is expected to cause modest subscription pauses in Q2, while the Connected Fitness category continues to contract [4] - A larger proportion of rental and secondary-market users may lead to higher churn, although this is partially offset by the increasing tenure of long-standing subscribers [4] Future Outlook - Peloton anticipates a modest gap between adjusted EBITDA and free cash flow for the remainder of the year, aided by low capital intensity and working capital efficiency [5] - The company is positioned to achieve its elevated free cash flow target, potentially allowing for broader capital allocation options once leverage stabilizes [5] Valuation and Market Position - Peloton shares have declined 11.5% over the past three months, compared to a 15.8% decline in the industry [6] - The stock is trading at a forward 12-month price-to-sales (P/S) multiple of 1.25, below the industry average of 2.02 [9] - Earnings per share estimates for fiscal 2026 have increased, projecting a 136.7% year-over-year surge, while industry peers are expected to see lower growth rates [11][13]

Analysts on Wall Street project that Dolby Laboratories (DLB) will announce quarterly earnings of $0.70 per share in its forthcoming report, representing a decline of 13.6% year over year. Revenues are projected to reach $305.38 million, increasing 0.2% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company ann ...

Financial Data and Key Metrics Changes - For Q3 2025, net revenue was $8 million, an increase of 12.4% from $7.1 million in the same quarter last year [11] - Gross margin improved to 70.9% from 67.2% year-over-year, driven by a favorable product mix [11] - Operating expenses rose to $4.4 million from $3.7 million, attributed to costs associated with being a public company and launching the beverage division [11] - Income from operations increased by 21.8% to $1.28 million compared to $1.05 million in Q3 2024 [11] - Net income decreased to $125,300 from $783,600 in the prior year [11] - Earnings per share fell to $0.01 from $0.11, while adjusted EBITDA per share decreased to $0.15 from $0.18 [12] Business Line Data and Key Metrics Changes - Beverage revenue for Q3 was $159,000, indicating early-stage growth in this segment [16] - The supplement business saw a price increase of 11% for Costco, with gross margins around 75% [17] Market Data and Key Metrics Changes - The company secured major distribution agreements, including with EG America and Wakefern Food Group, expanding its retail presence significantly [6][9] - New partnerships with AlaBev and Atlantic Importing Company will enhance distribution in the Southeast and New England regions [6] Company Strategy and Development Direction - The company is focused on expanding its beverage and supplement categories, leveraging new leadership and distribution partnerships [5][10] - A public offering raised $4.4 million to support retail rollouts and inventory build-up, enhancing operational flexibility [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for growth through 2025 and into 2026, citing strong execution and new retail authorizations [10][24] - The company is actively expanding its direct-to-store distribution network to capitalize on market opportunities [20] Other Important Information - The company has over 3 million cans of drink inventory available, with ongoing production to meet demand [24] - Management highlighted the importance of adding key employees to build out the sales network [24] Q&A Session Summary Question: Contribution from beverages in the quarter - Beverage revenue for Q3 was $159,000 [16] Question: Dynamics of product mix and highest margin revenue source - The supplement business saw an 11% price increase, with gross margins around 75% [17] Question: Expectations for G&A expenses moving forward - G&A expenses may increase due to new executive additions and expansion of the DSD distribution network [19]

Financial Data and Key Metrics Changes - Third quarter revenue was $634 million, exceeding the high end of guidance by $9 million, but down 8% year-over-year and 4% sequentially [4][13] - Consolidated gross margin for Q3 was 29.1%, a decline of 190 basis points year-over-year and 70 basis points sequentially [13] - Adjusted EBITDA for Q3 was $57.5 million, representing 9.1% of revenue, which was 90 basis points above the high end of guidance [4][13] - Net income for Q3 was $29 million, compared to a net loss of $116 million in the prior quarter [19] Business Line Data and Key Metrics Changes - Nurse and Allied revenue was $361 million, down 9% year-over-year but exceeding guidance due to higher travel nurse volume and $12 million in labor disruption revenue [14] - Physician and Leadership Solutions segment revenue was $178 million, down 1% year-over-year but up 2% sequentially, with locum tenens revenue growing 3% year-over-year [16] - Technology and Workforce Solutions revenue was $95 million, down 12% year-over-year and 7% sequentially, primarily due to lower VMS revenue and the sale of SmartSquare [18] Market Data and Key Metrics Changes - Permanent hiring activity in the healthcare sector fell notably in Q3, indicating a shift towards more flexible workforce strategies [5] - The spread between travel nurse bill rates and fully loaded permanent nurse compensation is at a historical low, which may influence future hiring strategies [5] - Demand for travel nurses has increased by approximately 50% since mid-May, although it remains slightly below year-over-year levels [31] Company Strategy and Development Direction - The company aims to gain market share by enhancing technology, processes, and customer focus, with a strong emphasis on total talent solutions [11][41] - The strategy includes expanding service lines and improving fill rates, particularly in vendor-neutral programs [11][12] - The company expects to see more favorable revenue mix and growth in higher-margin businesses, particularly in international staffing [37] Management's Comments on Operating Environment and Future Outlook - Management noted that while the market remains competitive, there is rationality among competitors, and the focus is shifting towards total talent solutions [41] - The company anticipates modest year-over-year growth in nurse and allied revenue for Q4, with expectations for improved gross margins in 2026 [10][20] - Management expressed confidence in the recovery of demand and the ability to fill orders effectively, particularly as clients recognize the affordability of contingent labor [45][49] Other Important Information - The company completed a debt refinancing transaction, improving its financial position and extending the earliest debt expiration to 2029 [10][20] - Cash and equivalents as of September 30 were $53 million, with total debt at $850 million and a net leverage ratio of 3.3 times [19] Q&A Session Summary Question: Can you help us understand the drivers of gross margin guidance? - Management explained that the gross margin in Q3 was positively impacted by labor disruption, and the expected decline in Q4 is due to a mix of lower-margin revenue from certain segments [24][26] Question: What is the underlying performance of the business excluding labor disruption? - Management indicated that excluding labor disruption, the EBITDA margin would be in the mid-sixes range, reflecting the impact of the labor disruption event on overall performance [28] Question: Are the recent increases in demand due to winter orders or underlying improvements? - Management noted that demand has improved due to both seasonal factors and broader market conditions, with a significant recovery since mid-May [31] Question: How do you view the competitive landscape currently? - Management stated that while competition remains, it is rational, and there is a growing preference for total talent solutions among clients [41] Question: What are the expectations for clinician supply and demand? - Management reported a healthy supply of clinicians overall, with specific challenges in locums, and emphasized the importance of pricing orders correctly to fill them [56][58] Question: How is the company leveraging MSP relationships for locums? - Management highlighted intentional moves to support locums MSPs and noted significant improvements in fill rates for these clients [76][78]

Financial Data and Key Metrics Changes - Consolidated net revenue for Q3 2025 increased 2% to a record $778 million compared to $761 million for the same period last year [16] - Adjusted EBITDA for Q3 2025 increased to a record $140 million, reflecting an adjusted EBITDA margin of 18% [18] - Adjusted net income increased to $86 million or $3.18 per diluted share [18] - Cash flow from operating activities increased 16% to $307 million for the nine months ended September 30, 2025 [10][18] - Adjusted gross margin for Q3 2025 was 34%, up from 33.8% in the prior year period [17] Business Line Data and Key Metrics Changes - Same branch sales for the installation segment were flat for Q3, with a 12% increase in commercial same branch sales offset by a 3% decline in residential same branch sales [16] - Third quarter installation sales in the multifamily end market were down 7% on a same branch basis [9] - Heavy commercial same branch sales growth exceeded 30% during Q3 2025 [17] - Same branch new single-family installation sales were down 2% [9] Market Data and Key Metrics Changes - Single-family starts year-to-date through August 2025 decreased by 5% from the prior year, while multifamily starts decreased by 15% for the same period [12] - The South region, which represents about 45% of residential sales, was essentially flat in the quarter, while the West region, accounting for roughly 20% of residential sales, was down very low single digits [42] Company Strategy and Development Direction - The company remains focused on growing earnings and cash flow while diligently deploying capital to shareholders, having returned nearly $213 million to shareholders through dividends and stock repurchases [8] - The company is pursuing acquisitions in well-run businesses that support attractive returns on invested capital, particularly in the fragmented residential installation market [11] - The company is optimistic about the long-term fundamentals of the U.S. housing construction industry despite current challenges [8][13] Management's Comments on Operating Environment and Future Outlook - Management expects residential housing starts to be flat compared to 2025, influenced by consumer confidence and buyer activity during the spring home selling season [13] - The company believes it operates from a position of strength and is flexible in navigating potential near-term challenges [14] - Management noted that while there are headwinds in the multifamily market, they are strategically gaining market share [25] Other Important Information - The company published its 2025 ESG report, highlighting efforts in environmental sustainability and community engagement [8] - The company has a net debt to trailing twelve-month adjusted EBITDA leverage ratio of 1.09 times, well below the target of 2 times [19] - The fourth quarter dividend of $0.37 per share represents a 6% increase over the prior year period [20] Q&A Session Summary Question: What is the outlook for multifamily and commercial backlogs? - Management indicated that while there are continued headwinds in the multifamily market, they are seeing building of backlogs and gaining share in new markets [24][25] Question: Are there any delays in the commercial side? - Management noted that while there are no widespread project delays, some select markets are experiencing delays, particularly influenced by the trades that come before them [32] Question: How is the company performing relative to competitors? - Management stated that they have outperformed the market opportunity, particularly with regional and local builders, despite headwinds in the entry-level market [50][51] Question: What are the expectations for pricing and gross margins? - Management expects continued pricing pressure in the entry-level market but is confident in maintaining margins through effective service and value provided to builders [129] Question: What is the growth outlook for the heavy commercial segment? - Management expressed confidence in the heavy commercial business continuing to deliver strong results, with significant opportunities for organic growth [115][120]

Core Viewpoint - Andrew Peller Limited reported strong financial results for the second quarter and year-to-date periods, highlighting significant year-over-year growth in margins, earnings, and cash flow, while also improving its balance sheet [3][4]. Financial Highlights - Revenue for Q2 2026 was $105.5 million, a decrease of 3.4% from $109.2 million in Q2 2025; year-to-date revenue was $204.7 million, down 1.9% from $208.7 million [4][5]. - Gross margin increased to 45.7% in Q2 2026 from 42.4% in the prior year, and to 44.1% from 40.5% for the six-month period [6][8]. - EBITA rose by 18% to $21.3 million in Q2 2026 from $18.0 million in Q2 2025, and increased by 21% to $37.4 million for the six-month period [6][10]. - Net earnings improved to $8.9 million ($0.21 per Class A share) in Q2 2026 compared to $4.6 million ($0.11 per Class A share) in the prior year, and to $13.5 million ($0.32 per Class A share) for the six months ended September 30, 2025, compared to $4.2 million ($0.10 per Class A share) in the prior year [6][13]. Cost Management - Selling and administrative expenses as a percentage of revenue improved to 25.6% for Q2 2026 from 26.0% in the prior year, primarily due to reduced compensation expenses from restructuring initiatives [9]. - Interest expense decreased by 28.4% for Q2 2026 and by 21.4% for the six-month period, attributed to lower average debt levels and reduced interest rates [11]. Strategic Initiatives - The company sold non-core assets in British Columbia for net proceeds of $1.2 million, indicating a strategy to recognize value from such assets [14]. - The Ontario Grape Support Program contributed $2.4 million and $4.5 million to gross margin for the three and six-month periods ended September 30, 2025, respectively, which was not available in the comparable periods of the prior year [8]. Market Position - The company is well-positioned to continue growing market share in its core wine businesses while expanding into high-growth product segments and new sales channels in Ontario [3].

Financial Performance - Wholesale revenue increased by 5.3% year-over-year (YoY) to $67.0 million, or 9.4% YoY excluding barter[13] - Net revenue increased by 2.6% YoY to $100.7 million[13] - Adjusted EBITDA increased by 18.6% YoY to $8.4 million[13] - Gross margin was 36.9%, compared to 42.1% in Q3 2024, representing a decrease of 520 basis points[13, 32] Channel Performance - Black Rifle Coffee Company (BRCC) is outperforming the category through distribution and velocity, with a strong ACV (All Commodity Volume) trajectory[16] - BRCC's branding and focus on quality products have driven outsized unit growth compared to legacy brands[18] - DTC (Direct-to-Consumer) remains a valuable channel for innovation, loyalty, and direct engagement with passionate fans, with new subscriber AOV (Average Order Value) +27% higher than existing subscribers[21] - Black Rifle Ready-to-Drink (RTD) Coffee remains a top-3 brand in the category[22] Strategic Initiatives and Outlook - The company is targeting a long-term gross margin of 40%+[36] - The company reaffirms its 2025 financial guidance, expecting at least $395 million in net revenues, at least 35% gross margin, and at least $20 million in Adjusted EBITDA[43, 45, 46] - The company anticipates a revenue CAGR (Compound Annual Growth Rate) of 10%-15% through 2027[50]

Analysts. Investors very excited about the voice applications in particular for their customer engagement. Is that what drives us.Well, we had a great quarter and I would say across the board Voici was certainly a contributor, but every single one of our products contributed. This time. I'd say messaging and voice in particular were particularly strong.In addition to that, across channels, across geos, across customer segments. It was just a really good quarter for us. And fortunately we were able to beat o ...