Core Insights - Ciscom Corp. is experiencing a strong revenue rebound and has launched a new proprietary digital platform, indicating improved profitability as it heads into 2026 [1][2][7] Revenue Recovery - The company has seen a year-over-year improvement in revenue following an agreement between Canada Post Corporation and its unions, which alleviated a significant bottleneck in the direct mail industry [2] - Direct mail sales sharply recovered by the end of 2025 as clients resumed previously deferred campaigns, with campaign planning for 2026 already underway [2][3] Digital Growth Initiatives - Engage+, a new programmatic digital flyer platform launched by Prospect Media, is already being utilized by several clients and is designed to outperform existing offerings in terms of reach, engagement, cost efficiency, and return on investment [4][5] - The early market response to Engage+ has been positive, positioning it as a scalable engine that diversifies Ciscom's revenue mix beyond traditional channels [5] Operational Positioning - The company proactively reduced costs and improved efficiency in 2025, which has positioned it to convert revenue growth into improved profitability as demand returns [6] - EBITDA before one-time charges is expected to be positive in 2025, with a lean cost structure and new digital products enhancing the company's financial strength as it enters 2026 [7] Strategic Focus - Ciscom continues to evaluate additional tuck-in opportunities and initiatives aimed at further revenue diversification and growth, enhancing shareholder value through strategic acquisitions [5][8]

Summary of Ziff Davis Conference Call Company Overview - **Company**: Ziff Davis (NasdaqGS: ZD) - **History**: Established over a century ago, originally focused on eFax services, diversified into digital media, software, and subscription data assets over the last decade [3][4] - **Business Structure**: Divided into five reportable segments: 1. **Tech and Shopping**: Brands include PCMag, CNET, RetailMeNot, focusing on consumer communities and e-commerce 2. **Gaming and Entertainment**: Includes IGN Entertainment and Humble Bundle, serving the gaming community 3. **Everyday Health**: Focuses on health and wellness, connecting pharma with consumers and professionals 4. **Connectivity**: Brands like Ookla and Ekahau, serving the broadband community 5. **Cybersecurity and MarTech**: Subscription and licensing services for marketing and cybersecurity [4][5] Financial Performance and Strategy - **Intrinsic Value vs. Share Price**: There is a perceived gap between the intrinsic value of Ziff Davis's businesses and its public share price, prompting a focus on capital allocation and stock buybacks [10][16] - **Stock Buyback Program**: Increased allocation of capital to stock buybacks, with approximately 3.6 million shares repurchased year-to-date, utilizing 80-85% of free cash flow [135][136] - **M&A Activity**: Seven acquisitions completed in 2025, with a focus on enhancing existing businesses rather than large-scale purchases [146][148] Market Dynamics and Growth Opportunities - **Conglomerate Discount**: The company acknowledges a conglomerate discount affecting its valuation, with hopes that the new five-segment reporting will help clarify the value of each division [18][35] - **Health and Wellness Growth**: The Everyday Health segment is experiencing double-digit revenue growth with high EBITDA margins, driven by connections between pharma advertisers and consumer health communities [40][55] - **Cybersecurity and MarTech Recovery**: This segment returned to growth in Q3 2025, with improvements in both the VIPRE business and consumer privacy services [84][86] Challenges and Considerations - **Traffic Dependency**: Approximately 35% of revenue is web traffic dependent, with half of that from search, raising concerns about future revenue stability as search dynamics evolve [112][114] - **Market Adaptation**: The company is aware of the changing landscape in digital media and search algorithms, which can impact revenue generation [127][129] Future Outlook - **Value Creation Focus**: The company aims to create shareholder value through disciplined capital allocation and enhancing business performance [154][156] - **Continued M&A Interest**: Ziff Davis remains open to considering transactions that could unlock value, especially if significant gaps in valuation are identified [37][39] This summary encapsulates the key points discussed during the Ziff Davis conference call, highlighting the company's structure, financial strategies, market dynamics, and future outlook.

Core Insights - Ciscom Corp. reported Q3 2025 earnings with positive operating cash flows despite sales pressure, achieving cash flows from operating activities of $1.369 million [1][7] - The company experienced a significant decline in sales and gross profit compared to the same period in 2024, with sales dropping to $16.1 million from $25.9 million, a decrease of 37.9% [3] - The net loss for the nine-month period was $0.781 million, compared to a net loss of $0.337 million in 2024, primarily due to one-time non-recurring charges totaling $0.657 million [6] Financial Performance - Sales for the nine months ended September 30, 2025, were $16.1 million, down from $25.9 million in 2024, reflecting a decrease of $9.8 million or 37.9% [3] - Gross profit decreased to $3.8 million from $4.7 million, a reduction of $0.9 million or 20.1% [3] - Cash-based operating expenses were reduced from $3.6 million in 2024 to $2.8 million in 2025, representing a cost reduction of $0.8 million or 21.8% [4] - EBITDA from continuing operations was $0.961 million, down from $1.121 million in the same period in 2024, a decrease of $0.159 million [5] Operational Challenges - The Canada Post Corporation labor dispute disrupted business operations and sales, affecting direct mail distribution and leading to some clients limiting or stopping their activities [2] - A significant client of a Ciscom subsidiary filed for bankruptcy protection, resulting in a loss of revenue and an account receivable impairment charge [2] - The company faced one-time restructuring charges related to workforce downsizing and was impacted by US tariffs, leading to an uncertain economic climate and reduced consumer spending [2] Strategic Initiatives - The company is actively signing new clients and diversifying its product offerings, including the recent launch of the Engage+ digital flyer solution [9] - Management has taken steps to restructure the cost base in response to the challenges faced in 2025 [8]

Financial Data and Key Metrics Changes - Q3 2025 revenue was $2.8 million, a 163% increase year-over-year from $1.1 million in Q3 2024 [6][22] - Net loss decreased to $5.9 million, a 62% improvement compared to $15.4 million in the prior year quarter [6][24] - Shareholders' equity increased by 72% to $5.4 million [7] - Gross margin was 81.7%, up 1,302 basis points from 68.7% in Q3 2024 [24] - Annual recurring revenue (ARR) reached $11 million, representing a 168% increase from $4.1 million in Q3 2024 [22][25] Business Line Data and Key Metrics Changes - The company reported a gross profit of $2.3 million for Q3 2025, an increase of 213% from $0.7 million in Q3 2024 [24] - Total operating expenses for Q3 2025 were $6.8 million, up from $3.5 million in Q3 2024, primarily due to the addition of OpenReel and Videlo [24][26] Market Data and Key Metrics Changes - The company serves over 140,000 customers across various sectors, including healthcare, financial services, e-commerce, and technology [16][17] - Significant traction was noted in the banking, financial services, and insurance sectors, with a focus on mid-market and enterprise segments [17][50] Company Strategy and Development Direction - The company is focused on building and acquiring products in four key areas: attracting leads, engagement, tracking, and intelligence [5][14] - A strategic acquisition of Superblocks was announced, aimed at enhancing the AI platform for marketing [12][13] - The company aims to reduce balance sheet leverage and improve cash position through organic growth and M&A [15][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's trajectory and the positive impact of recent debt conversions on future financials [7][8] - The focus remains on generating sustainable value for shareholders and improving cash flow for reinvestment in growth [34][43] Other Important Information - The company secured an $11 million debt facility to support acquisitions and operations [8] - The appointment of new leadership, including a Chief Financial Officer and a VP of Sales, is expected to drive strategic growth [12][16] Q&A Session Summary Question: Did the company experience seasonality in Q3 compared to Q2? - Management noted that the market was stronger in Q3, with a shift from one-time license revenue to recurring revenue in the Create Studio business [35][36] Question: What are the pipeline expectations? - Management highlighted substantial improvements in the pipeline, especially in the banking and financial services sectors, with several seven-figure deals in progress [38][50] Question: What does the M&A market look like now? - Management indicated attractive valuations and a healthy M&A market, with ongoing opportunities being evaluated [39][40] Question: Can the company comment on expected cross-sell or upsell uplift? - Management expressed optimism about the Superblocks acquisition providing significant upsell opportunities, particularly for mid-market and enterprise customers [41][42] Question: What operational financial milestones should investors look for? - Key catalysts include continued improvement in net income and ARR, alongside the completion of debt cleanup [43][44]

Core Points - Ciscom Corp. held its annual general meeting on November 6, 2025, where shareholders approved all proposed business matters [1][2] - The shareholders re-appointed McGovern Hurley LLP as the auditors for the upcoming year and elected five directors [1][3] Shareholder Meeting Results - A total of 41,789,028 common shares were represented at the meeting, which is approximately 70.2% of the total issued and outstanding 59,519,582 common shares [3] - All resolutions presented at the meeting were passed, including the re-appointment of auditors and the election of directors [3] Board of Directors - The following individuals were elected to the board: Jeffrey Bisset, Paul Gaynor, David Mathews, Michel Pepin, and Angel V. Valov [2][3] Company Overview - Ciscom Corp. focuses on investing in, acquiring, and managing companies in the Information and Communication Technology (ICT) sector, particularly in AdTech, MarTech, and DataTech/Analytics [4] - The company targets small and medium-sized enterprises (SMEs) with proven profitability, enhancing shareholder value through strategic acquisitions [4] - Ciscom became an issuer on the Canadian Securities Exchange (CSE) in June 2023 and on the OTCQB in October 2023 [4]

Summary of Banzai International Conference Call (October 20, 2025) Company Overview - **Company**: Banzai International (NasdaqCM: BNZI) - **Industry**: Marketing Technology (MarTech) - **CEO**: Joe Davy Core Business Model - Banzai International positions itself as an AI SaaS platform for sales and marketing, aiming to enhance marketers' efficiency and reduce stress [2][3] - The company focuses on solving multiple problems for customers by integrating various products, thereby keeping customers within its ecosystem [4][5] - The business model emphasizes both organic and inorganic growth through product acquisitions and cross-selling [5] Market Dynamics - The MarTech market is experiencing rapid growth, with a projected CAGR of 18.5%, expected to reach $1.7 trillion within the decade [7] - Companies are increasingly adopting digital transformation, utilizing automation and AI to streamline marketing efforts [6] Financial Performance - Banzai reported Q2 revenue of approximately $3.3 million, reflecting a 205% year-over-year increase [9] - Gross margin improved significantly by nearly 1,400 basis points to 83% [9] - Adjusted EBITDA showed a loss of $1.5 million, remaining flat despite tripling revenue, indicating potential for simultaneous revenue and EBITDA growth [10] Customer Base and Market Focus - The company has expanded its customer base to over 140,000 across 90 countries, with a significant portion of revenue derived from the Banking, Financial Services, and Insurance (BFSI) sectors [11][12] - Banzai aims to deepen customer relationships by encouraging the use of multiple products within its platform [11] Strategic Priorities - Key strategic focuses include strengthening the balance sheet, enhancing leadership, and pursuing M&A opportunities [12][13] - The company is actively working on eliminating long-term debt and increasing shareholders' equity [12] Product Offerings - Banzai has nine core products, including AI-powered webinars, video marketing, and a newsletter platform called Curate, which automates content creation and subscriber engagement [14][18] - The company aims to continuously innovate and acquire products that align with customer needs [15][20] Competitive Landscape - The MarTech space is highly competitive, with approximately 14,000 companies, presenting both challenges and opportunities for M&A [28] - Banzai seeks to replicate the success of established players like HubSpot and Klaviyo by integrating complementary products into its platform [29] Customer Engagement and Retention - The company boasts over 100% net dollar retention in its enterprise segment, highlighting strong customer loyalty and expansion potential [31] Conclusion - Banzai International is positioned for significant growth in the MarTech industry, leveraging AI and a robust product ecosystem to meet evolving customer needs while maintaining strong financial health and strategic focus on M&A opportunities [23][24]

Core Points - Ciscom Corp. is addressing delays in mailing meeting materials to shareholders due to the Canada Post strike, impacting the upcoming annual general meeting scheduled for November 6, 2025 [1][2] - The company has filed all required meeting materials on SEDAR+ and made them available on its website, ensuring shareholders can still vote [2][3] - Changes in management include the resignation of director Eric Klein, who will not stand for re-election, affecting the board size proposal [7][8] Company Overview - Ciscom Corp. specializes in investing, acquiring, and managing companies in the Information and Communication Technology (ICT) sector, focusing on AdTech, MarTech, and DataTech/Analytics [1][10] - The company targets small and medium enterprises (SMEs) with proven profitability, enhancing shareholder value through strategic acquisitions [10] - Ciscom became an issuer on the Canadian Securities Exchange in June 2023 and on the OTCQB in October 2023, with two subsidiaries: Market Focus Direct and Prospect Media Group [10]

Business Updates - Prospect Media Group ("Prospect") is enhancing client solutions through proprietary data and analytic tools such as Shopography and Mixography, aiming to maximize results and deliver the best ROI for clients [2] - Prospect has added 7 new clients by the end of August 2025, focusing on revenue growth and accelerating AI tools as part of its digital and analytic growth mandates [3] Corporate Developments - The Company is working to strengthen its Board of Directors by identifying strategic areas for additional expertise, particularly in growing Prospect and fueling Ciscom's acquisition strategy [4] - The Board has decided to vacate the Chair seat held by Paul Gaynor, who will remain an independent director and a member of the audit committee [4] Company Overview - Ciscom Corp. actively invests in, acquires, and manages companies in the Information and Communication Technology (ICT) sector, specializing in AdTech and MarTech, targeting SMEs with proven profitability [5] - The Company aims to enhance shareholder value through strategic ICT acquisitions and is recognized as an emergent force in the data-driven and technology market [5] - Ciscom became an issuer on the CSE in June 2023 and on the OTCQB in October 2023, with two subsidiaries: Market Focus Direct and Prospect Media Group [5]

Core Insights - Fluent, Inc. has appointed Virginia Marsh as Head of Data & Agencies to enhance its data monetization strategies and expand its data intelligence infrastructure through a partnership with Databricks [1][4] - The initiative marks the launch of Fluent's dedicated data solutions arm, focusing on privacy-first data collaboration, real-time audience modeling, and scalable activation for agencies, platforms, and brands [2][3] Group 1: Strategic Developments - The partnership with Databricks aims to future-proof Fluent's audience strategy by developing data products that prioritize privacy, performance, and long-term growth [3] - The integration utilizes the Databricks Data Intelligence Platform and Delta Sharing protocol, enabling secure and compliant sharing of audience insights while maintaining control and measurement precision [3] Group 2: Leadership and Vision - Virginia Marsh brings over a decade of experience in retail, CPG, AdTech, and MarTech, leading Fluent's external data strategy to create privacy-safe, outcome-driven data products [4][5] - Marsh emphasizes the need for identity-resolved, real-time data that facilitates strategic collaboration, segmentation, and monetization beyond Fluent's immediate operations [5] Group 3: Technological Advancements - The Delta Sharing technology allows seamless collaboration and data sharing across organizational boundaries, enriching and activating high-intent audience segments across media platforms [8] - Fluent aims to automate insights and measurement through AI-powered modeling while monetizing owned data assets in a compliant and privacy-forward manner [8]

Core Viewpoint - Ciscom Corp. reported consistent Q2 2025 earnings despite facing significant market challenges, including a labor dispute and economic uncertainties, which impacted revenue and necessitated cost restructuring [1][2][8] Financial Performance - For the six months ended June 30, 2025, Ciscom achieved sales of $10.853 million, a decrease of $6.420 million or 37.2% compared to $17.273 million in the same period of 2024 [3] - Gross profit for the same period was $2.686 million, down $0.484 million or 15.3% from $3.170 million in 2024 [3] - The company reported a net loss of $0.592 million for the first half of 2025, compared to a net loss of $0.186 million in 2024, primarily due to one-time non-recurring charges totaling $0.657 million in 2025 [6] Cost Management - Ciscom reduced its cash-based operating expenses from $2.389 million in the first half of 2024 to $1.885 million in 2025, representing a cost reduction of $0.504 million or 21.1% year-over-year [4] - The company achieved a cash-based operating profit (EBITDA) of $0.809 million for the six-month period ended June 30, 2025, an improvement of $0.028 million compared to $0.781 million in the same period of 2024 [5] Operational Challenges - The Canada Post Corporation labor dispute disrupted business operations, leading to client campaign cancellations and a significant client filing for bankruptcy, which resulted in lost revenue and an impairment charge [2] - The company faced challenges from unprecedented US tariffs and an uncertain economic climate, affecting consumer spending and confidence [2][9] Strategic Outlook - Despite the challenges, Ciscom's management is actively signing new clients and is optimistic about revenue recovery [9] - The company continues to focus on optimizing advertising spend and enhancing shareholder value through strategic acquisitions in the ICT sector [13]