Financial Data and Key Metrics Changes - In Q1 2025, revenue was impacted by delayed carrier promotions and FWA orders, but adjusted EBITDA exceeded expectations, indicating strong cost management despite softer hardware volumes [5][21] - Non-GAAP gross margin reached a record 47.5%, driven by a favorable revenue mix and sequential margin expansion in both product and services [22] - Adjusted EBITDA for Q1 2025 was $3.7 million, more than double the prior year quarter, with an adjusted EBITDA margin of 11.6% [23] Business Line Data and Key Metrics Changes - Mobile hotspot revenue grew over 16% year-over-year, while services revenue increased nearly 50% year-over-year, primarily due to the strength of the subscribed SaaS platform [21][22] - The company is focusing on expanding its FWA and MiFi business, with new product plans introduced to diversify its customer base [9][10] Market Data and Key Metrics Changes - The company is targeting large Tier one carriers and multiple system operators (MSOs) to expand its market presence, indicating a shift towards a broader customer base [9][10] - The competitive landscape remains challenging, but the company believes its American-based IP and improved operational efficiency position it well against competitors [39] Company Strategy and Development Direction - The company is transitioning from a hardware-centric model to a full solution provider, focusing on software-defined wireless networking solutions [8][14] - Key strategic initiatives include scaling the FWA and MiFi business and accelerating the software and services roadmap to enhance its solution offerings [8][14] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the business prospects for 2025, expecting sequential revenue growth starting in Q2, particularly in FWA revenue [26] - The company is actively managing its supply chain and operational efficiency to mitigate potential disruptions from the macroeconomic environment [12][39] Other Important Information - The company successfully reduced its total debt to $41 million after paying off $15 million in convertible notes [24] - The leadership team has been strengthened with new talent, including George Mulhern, former CEO of Cradlepoint, to support the company's transformation [17] Q&A Session Summary Question: Concerns about pipeline opportunities slipping into 2026 - Management does not see any movement of the pipeline from their customer base, particularly among large North American carriers [30] Question: Potential revenue upside from the T-Mobile Partner Plus program - The partnership with T-Mobile is expected to create pull on the channel program products through investment subsidies [31] Question: Free cash flow expectations for 2025 - Management targets positive free cash flow for the year, with expectations for improvement in the second half [32] Question: Update on channel strategy and potential large deals - Confidence in closing a large channel deal within the quarter, with ongoing investments in broadening the solution portfolio [35][36] Question: Competitive landscape and geopolitical impacts - The company believes its operational efficiency and American-based IP provide a competitive edge despite geopolitical challenges [39] Question: Long-term gross margin targets and operating expenses - Management has not provided a specific target model yet but anticipates gross margins in the high 30s, depending on the mix of software and product revenue [40][42]

Core Insights - Inseego Corp. reported Q1 2025 revenue of $31.7 million, with a positive Adjusted EBITDA of $3.7 million, marking the ninth consecutive quarter of positive Adjusted EBITDA, while experiencing a GAAP net loss of $1.6 million [1][6]. Financial Highlights - Revenue for Q1 2025 was $31.7 million, down from $37.5 million in Q1 2024 [6][21]. - Adjusted EBITDA for Q1 2025 was $3.7 million, an increase of $2.2 million year-over-year [6][29]. - GAAP gross margin for Q1 2025 was 47.3%, up 12.0% year-over-year [6][21]. - The company reported a net loss of $1.6 million for Q1 2025, compared to a net loss of $4.5 million in Q1 2024 [21][27]. Business Developments - Juho Sarvikas was appointed as the new CEO, focusing on driving durable growth and long-term stockholder value [2][6]. - The company launched several new products, including the Next-Generation Fixed Wireless Access outdoor CPE FW3000 and the Inseego Wavemaker 5G cellular router FX3110 [6][8]. - Inseego joined T-Mobile's Partner Plus Channel Subsidy Program to enhance accessibility and affordability of 5G technology for businesses [6][8]. Guidance and Future Outlook - For Q2 2025, Inseego expects revenue in the range of $37.0 million to $40.0 million and Adjusted EBITDA between $2.5 million and $3.5 million [6][4]. - The company remains focused on optimizing its capital structure, having fully repaid $15 million of convertible debt [2][6].

Core Insights - Zillow Group, Inc. reported mixed first-quarter 2025 results, with net income missing estimates but revenue exceeding expectations, showing year-over-year growth [1][3][4] Financial Performance - Net income on a GAAP basis was $8 million (3 cents per share), recovering from a net loss of $23 million (10 cents per share) in the prior-year quarter [3] - Non-GAAP net income improved to $105 million (41 cents per share) from $93 million (36 cents) year-over-year, although it missed the Zacks Consensus Estimate by 2 cents [3] - Quarterly revenues increased to $598 million from $529 million in the previous year, surpassing the Zacks Consensus Estimate of $589 million [4] - Residential revenues rose 6% to $417 million, driven by growth in Premier Agent offerings and other services [4] - The Mortgages segment generated $41 million in revenues, up from $31 million, with a 32% increase in purchase loan origination [5] - Rental revenues surged 33% to $129 million, primarily due to a 47% growth in multifamily revenues [5] Operational Metrics - Gross profit for the quarter was $459 million, compared to $406 million in the prior-year quarter, attributed to revenue growth across all segments [6] - Operating expenses increased to $468 million from $451 million year-over-year [6] - Adjusted EBITDA rose to $153 million from $125 million, supported by higher revenues and cost discipline [6] Cash Flow and Liquidity - Cash generated from operating activities was $104 million, up from $80 million in the prior-year quarter [7] - As of March 31, 2025, the company had $914 million in cash and cash equivalents, with $37 million in other long-term liabilities [7] Future Outlook - For Q2 2025, Zillow expects total revenues between $635 million and $650 million, with adjusted EBITDA projected at $140 million to $155 million [8] - The company anticipates approximately 30% year-over-year growth in Mortgages revenues, mid-single-digit growth in residential revenues, and 35% growth in rental revenues [8] - For the full year 2025, Zillow expects low to mid-teens revenue growth and positive GAAP net income [9]

Group 1 - Millicom International Cellular SA (TIGO) reported quarterly earnings of $1.14 per share, exceeding the Zacks Consensus Estimate of $0.91 per share, and showing a significant increase from $0.54 per share a year ago, resulting in an earnings surprise of 25.27% [1] - The company posted revenues of $1.37 billion for the quarter ended March 2025, which was 3.81% below the Zacks Consensus Estimate and a decrease from $1.49 billion in the same quarter last year [2] - Millicom's shares have increased approximately 36% since the beginning of the year, contrasting with a decline of 4.3% in the S&P 500 [3] Group 2 - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The estimate revisions trend for Millicom is currently mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $0.89 on revenues of $1.44 billion, and for the current fiscal year, it is $3.10 on revenues of $5.75 billion [7] Group 3 - The Wireless Non-US industry, to which Millicom belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact the stock's performance [8]

Airgain (AIRG) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Company Participants Jacob Suen - President & CEOMichael Elbaz - CFO & Secretary Conference Call Participants Anthony Stoss - AnalystScott Searle - Managing Director, Senior Research AnalystTim Savageaux - MD & Senior Research Analyst Operator Good afternoon. Welcome to Airgain's First Quarter twenty twenty five Conference Call. My name is Diego, and I will be your operator for today's call. Joining us today are Airgain's President and CEO, Jacob ...

Financial Data and Key Metrics Changes - Q1 sales were $12 million, aligning with the midpoint of guidance [13] - Consumer sales reached $6.4 million, down $100,000 sequentially [14] - Automotive sales were $1.3 million, down $2 million sequentially [14] - Enterprise sales totaled $4.3 million, down $1 million sequentially, marking a low point for the year [14] - Q1 gross margin was 44.3%, marking the fifth consecutive quarterly increase [14] - Adjusted EBITDA was negative $1.2 million due to the lower revenue base [16] - Non-GAAP EPS was negative $0.11 [17] Business Line Data and Key Metrics Changes - Consumer segment showed resilience with a slight decline in sales [14] - Automotive segment faced challenges with lower shipments [14] - Enterprise segment experienced a significant drop, primarily due to lower shipments of antennas and IoT products [14] - Improvement noted in IoT sales returning to normal levels [6] Market Data and Key Metrics Changes - The addressable market expanded from $1.1 billion in 2024 to $2.6 billion in 2025 [5] - The company is closely monitoring broadband and enterprise markets for demand disruptions [4] - No significant changes in customer purchasing behavior due to tariffs observed as of early May [4] Company Strategy and Development Direction - The company is transitioning from a low ASP component supplier to a high-value wireless solutions provider [5] - Focus on scaling Lighthouse and AirgainConnect platforms and deepening presence in global markets [3] - Strategic partnerships, such as with Ormatia, are expected to drive revenue growth in the second half of 2025 [8] - Emphasis on modular solution families to support various use cases and customer segments [7] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the enterprise market's recovery and expects sequential revenue growth [6][18] - The company is prepared to adapt to the fluid tariff environment to minimize impacts on customers [4] - Confidence in achieving positive adjusted EBITDA in Q3 2025 [19] Other Important Information - The company plans to file an updated S3 shelf registration to maintain financial flexibility [20] - A strong leadership team is in place to navigate current challenges and drive operational performance [12] Q&A Session Summary Question: Insights on AirgainConnect's ramp-up and IoT business rebound - Management is optimistic about design wins in the coming months and expects enterprise growth in 2025 [24][28] Question: Update on Lighthouse pilots and potential new carriers - The company is on track for trials in multiple regions, including the Middle East and Latin America, with expectations for ramp-up in Q3 [35][37] Question: Tariff implications and competitive landscape - Current buying patterns remain stable, and the fabless model provides a competitive advantage against tariff impacts [41][44][47] Question: Consumer market growth and WiFi developments - The company anticipates steady growth post-Q2, especially with new MSO launches [49] Question: Lighthouse revenue expectations and trial opportunities - Expected low seven-figure contributions from the Oman partnership, with potential for broader Middle East engagement [53][55]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with InterDigital (IDCC) currently holding a Momentum Style Score of A [2] Group 2: InterDigital's Performance Metrics - InterDigital has a Zacks Rank of 2 (Buy), indicating strong potential for outperformance, especially for stocks rated 1 (Strong Buy) and 2 (Buy) with Style Scores of A or B [3] - Over the past week, IDCC shares increased by 8.89%, outperforming the Zacks Wireless Equipment industry, which rose by 3.5% [5] - In a longer timeframe, IDCC shares have increased by 12.16% monthly, while the industry performance was 18.73% [5] - Over the past quarter, IDCC shares rose by 3.23%, and over the last year, they gained 103.29%, contrasting with the S&P 500's movements of -7.56% and 9.65% respectively [6] Group 3: Trading Volume and Earnings Outlook - IDCC's average 20-day trading volume is 337,041 shares, which serves as a bullish indicator when combined with rising stock prices [7] - Recent earnings estimate revisions show positive trends, with one estimate moving higher for the full year, increasing the consensus estimate from $10.65 to $10.89 [9] - For the next fiscal year, two estimates have moved upwards with no downward revisions, indicating a favorable outlook [9] Group 4: Conclusion - Given the strong performance metrics and positive earnings outlook, IDCC is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a compelling investment option [11]

Ceragon Networks (CRNT) Q1 2025 Earnings Call May 07, 2025 08:30 AM ET Company Participants Rob Fink - Managing PartnerDoron Arazi - CEORonen Stein - Chief Financial OfficerTheodore O'Neill - CEO Conference Call Participants Christian Schwab - Senior Research AnalystScott Searle - Managing Director, Senior Research AnalystRyan Koontz - Senior Analyst Operator Ladies and gentlemen, thank you for standing by, and welcome to Ceragon Networks Earnings Call. Our presentation today will be followed by a question ...

Ceragon Networks (CRNT) Q1 2025 Earnings Call May 07, 2025 08:30 AM ET Speaker0 Ladies and gentlemen, thank you for standing by, and welcome to Ceragon Networks Earnings Call. Our presentation today will be followed by a question and answer session. At which time, if you wish to ask a question, you will need to raise your hand using your mobile or desktop application or press asterisk on your telephone keypad and wait for your name to be announced. I must advise you that this call is being recorded today. I ...

Ceragon Networks (CRNT) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this provider of wireless backhaul services would post earnings of $0.10 per share when it actually produced earnings of $0.09, delivering a surprise of -10%.Over the last ...