Core Viewpoint - WISeKey International Holding Ltd will present at the Maxim Group 2025 Virtual Tech Conference, focusing on innovations in cybersecurity, blockchain, and IoT [1][2] Group 1: Company Overview - WISeKey is a global leader in cybersecurity, digital identity, and IoT solutions, operating through several subsidiaries dedicated to specific technology areas [3] - The subsidiaries include SEALSQ Corp for semiconductors and post-quantum technology, WISeKey SA for secure authentication in IoT, WISeSat AG for satellite communication, WISe.ART Corp for blockchain NFTs, and SEALCOIN AG for decentralized internet technology [3][4] Group 2: Technological Integration - The company is advancing its platform through the "Year of Convergence," integrating various cybersecurity offerings into its revenue stream [2] - WISeKey has deployed over 1.6 billion microchips across IoT sectors, playing a crucial role in securing the Internet of Everything [4] Group 3: Strategic Direction - The company focuses on securing digital identity ecosystems using Blockchain, AI, and IoT technologies, ensuring the integrity of online transactions [4]

Market Performance - The S&P 500 gained 6.1% in May, marking its best performance since an 8.9% rise in November two years ago [2] Employment and Labor Market - Economists expect a gain of 130,000 in nonfarm payrolls for May, with the unemployment rate remaining steady at 4.2% [5] - Wells Fargo economists indicate that May's employment report will reflect the labor market's response to recent trade uncertainties, with hiring appetite among firms remaining low [6][7] - New job postings on Indeed fell to their lowest level since 2020 in May, and hiring plans among small businesses are near cycle lows [7] Earnings Reports - Broadcom is expected to report a 43% year-over-year increase in profit and nearly 20% growth in revenue, driven by AI-related demand and strong semiconductor positioning [8] - CrowdStrike is anticipated to post EPS of $0.66 on revenue of $1.11 billion, with RBC analysts expressing optimism for software stocks in 2025 [10] Bond Market Concerns - Jamie Dimon warns of a potential crack in the bond market due to rising federal debt, urging the government to take remedial measures [11][12] - Dimon suggests that the timeline for a potential crisis could range from six months to six years [13] EV Market Performance - XPeng reported May deliveries of 33,525 Smart EVs, a 230% year-over-year increase, and a year-to-date total of 162,578 Smart EVs, up 293% [13] - Li Auto delivered 40,856 vehicles, up 16.66% year-over-year, while NIO delivered 23,231 vehicles, a 13.1% year-over-year increase [14] Financial Market Outlook - BofA indicates that financial markets are at a high-stakes inflection point, with risk assets poised for a significant move, either a breakout or a breakdown [16]

Core Viewpoint - Okta's stock experienced a decline following cautious guidance despite a solid fiscal Q1 performance, reflecting broader economic uncertainties and a conservative outlook from management [2][3]. Financial Performance - For fiscal Q1, Okta reported a revenue increase of 12% year over year to $688 million, surpassing the previous forecast of $678 million to $680 million [6]. - Subscription revenue also rose by 12% to $673 million, while adjusted EPS increased by 24% year over year to $0.86, exceeding the outlook of $0.76 to $0.77 [6]. - The company maintained its full-year revenue forecast for fiscal 2026 at $2.85 billion to $2.86 billion, indicating a growth of 9% to 10% [3]. Customer Metrics - Okta's net dollar retention rate was 106%, indicating growth, although it has decreased from 111% a year ago [7]. - The number of customers with annual contract values (ACVs) above $100,000 increased by 7% to 4,870, and those with ACVs over $1 million rose by 20% year over year [7]. Backlog and Future Guidance - The remaining performance obligation (RPO) backlog grew by 21% to $4.08 billion, while the current RPO backlog increased by 14% to nearly $2.23 billion, indicating future revenue potential [8]. - For fiscal Q2, management guided for approximately 10% revenue growth, projecting revenue between $710 million and $712 million, with adjusted EPS expected to be between $0.83 and $0.84 [8]. Strategic Initiatives - Okta highlighted strong demand for newer products such as Identity Governance and Privileged Access, and is addressing rising security risks associated with AI [4]. - The company is implementing a specialized sales strategy, which has shown early positive results in its U.S. small and mid-sized business team [5]. Market Position - Despite a cautious approach to guidance, Okta is positioned to capitalize on growing market opportunities in the evolving cybersecurity landscape, particularly with the integration of AI [10]. - With a price-to-sales (P/S) ratio of approximately 6.4 based on fiscal 2026 revenue estimates, Okta remains reasonably valued compared to other leading cybersecurity stocks, presenting a potential buying opportunity [11].

Core Viewpoint - Quantum eMotion Corp. has announced an increase in its brokered private placement to C$12,000,000 due to heightened institutional demand, consisting of 8,000,000 units priced at C$1.50 each [1] Group 1: Offering Details - The offering will be conducted under the listed issuer financing exemption, allowing for immediate tradeability of the securities without a hold period under Canadian securities laws [3] - A.G.P. Canada Investments ULC is the sole bookrunner and agent for the offering, with A.G.P./Alliance Global Partners acting as the sole U.S. placement agent [2] - The expected closing date for the offering is around June 2, 2025, subject to necessary approvals [5] Group 2: Company Overview - Quantum eMotion aims to meet the growing demand for affordable security solutions for connected devices, leveraging its patented Quantum Random Number Generator for enhanced cybersecurity [7] - The company targets sectors such as Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security, and Quantum Cryptography [7]

2 Q1 FY2026 Earnings Presentation May 28, 2025 Safe Harbor This presentation includes express and implied "forward-looking statements", including forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, and in some cases, can be identified by terms such as "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "pred ...

Core Insights - Zscaler Inc reported better-than-expected third-quarter financial results, with revenue of $678.03 million, surpassing the consensus estimate of $666.86 million and adjusted earnings of 84 cents per share, exceeding analyst estimates of 75 cents per share [1][2] Financial Performance - The company expects fourth-quarter revenue to be between $705 million and $707 million, slightly below the estimate of $707.61 million, with anticipated adjusted earnings of 79 to 80 cents per share [2] - Zscaler raised its full-year 2025 outlook, projecting revenue of $2.659 billion to $2.661 billion, compared to estimates of $2.65 billion, and adjusted earnings of $3.18 to $3.19 per share, exceeding estimates of $3.07 per share [3] Market Reaction - Following the earnings announcement, Zscaler shares fell by 1% to close at $251.11 [3] Analyst Ratings - Rosenblatt analyst Catharine Trebnick maintained a Buy rating on Zscaler and raised the price target from $235 to $315 [6] - Needham analyst Mike Cikos also maintained a Buy rating and increased the price target from $240 to $310 [6]

Core Insights - Zscaler reported revenue of $678.03 million for the quarter ended April 2025, marking a year-over-year increase of 22.6% [1] - The earnings per share (EPS) for the same period was $0.84, slightly down from $0.88 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $666.39 million, resulting in a surprise of +1.75% [1] - The company achieved an EPS surprise of +12.00%, with the consensus EPS estimate being $0.75 [1] Financial Metrics - Billings for the quarter were $784.51 million, compared to the 10-analyst average estimate of $792.21 million [4] - Remaining Performance Obligations stood at $4.98 billion, surpassing the $4.73 billion average estimate based on three analysts [4] - The Dollar-Based Net Retention Rate was 114%, slightly below the two-analyst average estimate of 115% [4] - Revenue from Direct Customers was $80.14 million, exceeding the $76.85 million estimated by two analysts, representing a +57.6% change year-over-year [4] - Revenue from Channel Partners was $597.89 million, compared to the $589.01 million estimated by two analysts, reflecting a +19% change year-over-year [4] Stock Performance - Zscaler shares returned +12.2% over the past month, outperforming the Zacks S&P 500 composite's +6.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - Revenue for Q3 was $678 million, representing a 23% year-over-year increase and a 5% sequential increase [30] - Annual recurring revenue (ARR) was approximately $2.9 billion, with a year-over-year growth of 23% [30] - Remaining performance obligations (RPO) grew 30% year-over-year to $4.978 billion [31] - Total calculated billings increased 25% year-over-year to $785 million [31] - Gross margin was 80.3%, down from 81.4% in the previous year [32] - Free cash flow margin was 18%, including data center CapEx at 11% of revenue [33] Business Line Data and Key Metrics Changes - New logo annual contract value (ACV) grew over 40% year-over-year [9] - Significant growth in three categories: Zero Trust Everywhere, Data Security Everywhere, and Agentic Operations, with combined ARR approaching $1 billion [19] - Zero Trust Everywhere customers increased from over 130 to over 210, reflecting over 60% quarter-over-quarter growth [22] Market Data and Key Metrics Changes - Americas represented 54% of revenue, EMEA 30%, and APJ 16% [30] - The macro environment remains cautious, with customers prioritizing cyber and data protection despite ongoing economic uncertainty [16] Company Strategy and Development Direction - The company aims to reach $5 billion or more in ARR, driven by the combination of Zero Trust and AI security [29] - The introduction of the Z Flex program allows customers to flexibly scale their adoption of the platform, contributing over $65 million in TCV bookings [17] - The acquisition of Red Canary is expected to enhance the company's capabilities in Managed Detection and Response (MDR) and Threat Intelligence [28] Management's Comments on Operating Environment and Future Outlook - Management noted that while the spending environment remains challenging, cybersecurity remains a priority for customers [51] - The company is focused on building strategic partnerships with customers to reduce costs and enhance ARR over time [52] - Management expressed confidence in achieving strong growth despite economic uncertainties, emphasizing the importance of Zero Trust architecture and AI security [52] Other Important Information - The company appointed Kevin Rubin as the new Chief Financial Officer, expected to contribute significantly to the next phase of growth [37][38] - The company plans to optimize new products for margins over time as they scale [34] Q&A Session Summary Question: How does the company ensure customer focus amidst rapid product expansion? - The company has implemented a two-tier sales model with specialized teams for new product areas, ensuring effective customer engagement and focus [44][45] Question: What is the outlook on macro trends affecting the business? - The company did not experience a softer April and continues to see strong demand for cybersecurity solutions, particularly in Zero Trust and AI security [51][52] Question: Can you elaborate on the Z Flex program and its impact? - The Z Flex program provides customers with flexibility in product adoption and has already generated significant TCV bookings [47][56] Question: What are the expectations for the federal business? - The federal business is performing in line with expectations, with potential for growth as customers seek to reduce costs associated with legacy security products [89][91] Question: How does the company view the acquisition of Red Canary? - The acquisition is seen as a strategic move to accelerate the company's vision in the security market, leveraging Red Canary's technology and expertise [64][66]

Core Viewpoint - Cycurion, Inc. received a deficiency notification from Nasdaq due to the late filing of its Quarterly Report on Form 10-Q for the period ended March 31, 2025, which is a violation of Nasdaq Listing Rule 5250(c)(1) [1][3] Group 1: Compliance and Filing Status - The Company has 60 calendar days from the notification to submit a plan to regain compliance with Nasdaq's listing rules [3] - Nasdaq may grant an extension of up to 180 calendar days from the Form 10-Q's due date, allowing compliance until November 17, 2025 [3] - The delay in filing the Form 10-Q is due to ongoing assessments, and the Company is working diligently to complete this process [4] Group 2: Company Overview - Cycurion is based in McLean, Virginia, and specializes in IT cybersecurity solutions and AI [5] - The Company serves government, healthcare, and corporate clients, focusing on cybersecurity, program management, and business continuity [5] - Cycurion utilizes its AI-enhanced ARx platform to provide secure and innovative services [5]

Core Points - Cycurion, Inc. received a deficiency notification from Nasdaq for failing to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2025 [1] - The notification does not have an immediate effect on the listing or trading of Cycurion's common stock on the Nasdaq Global Select Market [2] - The company has 60 days to submit a plan to regain compliance, with a potential extension of up to 180 days to meet the listing requirements [3] - The delay in filing the Form 10-Q is due to ongoing assessments, and the company is working diligently to complete the filing [4] Company Overview - Cycurion is based in McLean, Virginia, and specializes in IT cybersecurity solutions and AI, serving government, healthcare, and corporate clients [5] - The company utilizes its AI-enhanced ARx platform and expert team to provide secure and innovative services [5]