Core Insights - Warren Buffett's Berkshire Hathaway revealed new investments and changes in its portfolio during the second quarter, as disclosed in the latest 13F filing [1] New Positions - Berkshire Hathaway added several new stock positions in the second quarter, including homebuilder stocks [2] - The filing indicated a complete exit from T-Mobile US, marking it as the only fully dissolved position in the quarter [3] Changes in Existing Holdings - Significant increases in stakes were noted for Pool Corporation (+136%), Lennar Corporation Class B (+19%), Constellation Brands (+12%), Heico Corporation (+11%), Chevron Corporation (+3%), and Dominos Pizza (+1%) [5] - Decreased stakes included T-Mobile US (-100%), Charter Communication (-46%), Liberty Media Corporation Formula 1 (-14%), Apple Inc (-7%), Bank of America (-4%), and DaVita Inc (-4%) [5] Top Holdings - As of June 30, 2025, the largest stock holdings in the Berkshire Hathaway portfolio included: - Lennar Corporation Class A: 7,048,993 shares - Nucor Corporation: 6,614,112 shares - UnitedHealth Group: 5,039,564 shares - DR Horton Inc: 1,485,350 shares - Lamar Advertising: 1,169,507 shares - Allegion PLC: 780,133 shares [4] Portfolio Composition - The portfolio's largest holdings by value included: - Apple Inc: $57.4 billion (22% of portfolio) - American Express Inc: $48.4 billion (19% of portfolio) - Bank of America: $28.6 billion (11% of portfolio) - Coca-Cola Company: $28.3 billion (11% of portfolio) - Chevron Corporation: $17.5 billion (6.8% of portfolio) [6]

Summary of B. Riley Financial Conference Call Company Overview - **Company**: B. Riley Financial - **Industry**: Financial Services and Capital Markets Key Points and Arguments 1. **Strategic Progress**: B. Riley has made significant strides in realigning its operating businesses towards financial services and capital markets, improving capital structure, and reducing debt [3][5][10] 2. **Audit Status**: The company is in the late stages of documenting the 2024 annual audit and expects to file the 10-Ks shortly, with 10-Qs ready for auditor review thereafter [4][18] 3. **Debt Reduction**: The company has achieved a debt reduction of approximately $600 million since September 2024 through investments and asset sales, with net debt estimated between $800 million to $839 million as of June 30, 2025 [10][11][23] 4. **Carve-Out Success**: The carve-out of B. Riley Securities has exceeded expectations, with the management team demonstrating operational autonomy and sufficient capital for growth [5][6] 5. **Investment Highlights**: B. Riley acted as lead book runner for significant IPOs and capital raises, including a $159 million IPO for an AI infrastructure company and a $384 million capital raise for a fabless semiconductor [7] 6. **Wealth Management Strategy**: B. Riley Wealth aims to enhance its wealth platform and increase efficiencies, supported by the sale of GA Group to Oaktree funds, which also generated cash for debt reduction [8][9] 7. **Liquidation Gains**: The company earned a realized investment gain of approximately $29 million from the Jo Ann liquidation, with expectations of an additional $4 million in profit [9] 8. **Operational Adjustments**: The company is consolidating clearing arrangements and implementing a new commission system to streamline operations and reduce costs [14] 9. **AI Utilization**: B. Riley is actively identifying and deploying AI tools to enhance productivity and capabilities across the organization [16] 10. **Investment Portfolio**: The investment portfolio is estimated to be between $320 million to $355 million as of June 30, 2025, reflecting a decline due to debt paydowns and investment sales [20][21] Additional Important Information 1. **Financial Performance**: Estimated net income for the first half of 2025 is projected to be between $125 million to $145 million, driven by gains on sales and bond retirements [21][22] 2. **Future Financial Filings**: The company plans to file the third quarter financials on a normal schedule, aiming to resolve delays in the 10-K filings [20][30] 3. **Bond Exchange Program**: The bond exchange program has been crucial in reducing debt, with the company remaining active in exploring further exchanges [23][24] 4. **Regulatory Challenges**: The complexity of the operating environment and regulatory hurdles have contributed to delays in financial filings [18][28] This summary encapsulates the key insights and developments discussed during the conference call, highlighting B. Riley Financial's strategic initiatives, financial performance, and operational adjustments within the financial services industry.

Q2 - 2 5 Earning s A u g u st 1 3, 2 0 2 5 Had a r R a h a v CFO 1 SAFE HARBOR PROVISION This conference call will contain forward-looking statements. Forward-looking statements in the conference call involve several risks and uncertainties, including, but not limited, to the Company's statements about its momentum, strategic direction and goals, market position and trajectory, future execution and delivery of value to customers, strengthening its core customer base, development of and enhancing strategic p ...

NEW YORK, Aug. 12, 2025 /PRNewswire/ -- IQSTEL Inc. (NASDAQ: IQST) today announced preliminary July 2025 revenue of approximately $35 million, surpassing the Company's $400 million annualized revenue run rate — five months ahead of its internal schedule. In addition, several institutional investment holdings have recently taken positions in IQSTEL in the open market — a further sign of market confidence. This information is publicly available on Nasdaq's institutional holdings page: https://www.nasdaq.com/m ...

Core Insights - MACOM Technology Solutions Holdings, Inc. (MTSI) reported third-quarter fiscal 2025 earnings of 90 cents per share, exceeding the Zacks Consensus Estimate by a penny, and up from 66 cents per share a year ago [1][9] - The company posted revenues of $252 million in the third quarter, surpassing the Zacks Consensus Estimate by 0.81%, and showing growth from $190.5 million in the same quarter last year [2][9] Revenue Breakdown - Telecom Market: Generated revenues of $68.1 million, accounting for 27% of total revenues, reflecting a year-over-year increase of 34.6%, driven by demand for products supporting U.S. 5G infrastructure [3] - Data Center Market: Contributed $75.8 million, or 30.1% of total revenues, with a robust year-over-year growth of 54.7%, fueled by demand for advanced optical solutions [4] - Industrial & Defense Market: Delivered $108.2 million, representing 42.9% of total revenues, up 19% year over year, supported by increased demand for electronic warfare and secure communications solutions [5] Operating Performance - Non-GAAP gross margin for the third quarter was 57.6%, an increase of 10 basis points from the previous year [6] - Non-GAAP operating expenses were $81.7 million, up 27.9% year over year, but as a percentage of revenues, they improved to 32.4%, a contraction of 110 basis points from the prior year [6] - Non-GAAP operating margin expanded to 25.2%, up 120 basis points from 24% in the prior year [6] Balance Sheet Highlights - As of July 4, 2025, cash equivalents and short-term investments were $735.2 million, an increase from $681.5 million in the previous quarter [7] - Inventories rose to $215.4 million from $194.5 million reported in the year-ago quarter [7] - Long-term debt was $339.4 million, slightly up from $339.1 million in the previous quarter [7] Future Guidance - For the fiscal fourth quarter, MACOM expects revenues between $256 million and $264 million, with adjusted earnings per diluted share projected in the range of 91 to 95 cents [9][10] - The Zacks Consensus Estimate for Q4 revenues is pegged at $257.5 million, and for adjusted earnings per share at 92 cents [10]

Core Insights - Kyivstar Group reported strong financial results for Q2 2025, showcasing resilience and growth in its digital operator strategy [3][5][6] - The integration of Uklon has significantly contributed to revenue and profitability, reinforcing Kyivstar's position in the market [3][5][6] Financial Performance - Total operating revenue reached USD 284 million, a 20.9% increase year-on-year in USD and 25.9% in local currency [5][6] - Profit for the period was USD 82 million, up 13.9% year-on-year in USD and 18.6% in local currency, with a profit margin of 28.9% [5][6] - Adjusted EBITDA was USD 165 million, reflecting an 18.7% year-on-year increase in USD and 23.6% in local currency, with an adjusted EBITDA margin of 58.1% [5][6] Digital Growth - Direct digital revenue now accounts for 10.3% of total operating revenue, with Uklon contributing USD 21.7 million in revenue and USD 9.3 million in adjusted EBITDA [5][6] - The Multiplay customer base increased by 23.7% year-on-year to 6.5 million, representing 31.7% of one-month active mobile customers [6] - Total digital monthly active users reached 13.4 million, a 51.2% increase from the previous year, including 3.5 million users from Uklon [6] Strategic Initiatives - The company is on track for its Nasdaq listing, which is expected to enhance its investment appeal and support Ukraine's digital transformation [3][13] - Kyivstar Group plans to invest USD 1 billion in Ukraine from 2023 to 2027, focusing on infrastructure and technological development [10]

Financial Data and Key Metrics Changes - Total revenue increased by 13% to $16.6 million compared to $14.7 million in the same quarter last year [7][16] - GAAP net income was $1.2 million, up from $0.6 million year-over-year [7][17] - Adjusted EBITDA for the quarter was $2.8 million, compared to $2.2 million in the prior year [17] - Remaining performance obligation (backlog) increased to $83.5 million, up 17% from the previous year [22] Business Line Data and Key Metrics Changes - Software solutions revenue grew by 31% to $7 million compared to $5.3 million in the same quarter last year [7][16] - Telecom service revenue increased by 4% to $8.4 million, while product revenue decreased by 7% to $1.2 million [16][21] - Gross margin for software solutions improved to 74%, while telecom services gross margin was 56% [23] Market Data and Key Metrics Changes - The master agent technology service distributors saw an 88% increase in sales bookings year-over-year [22] - The telecom services retail segment grew at 2% organically for the quarter [21] Company Strategy and Development Direction - The company is focused on transitioning to Oracle Cloud Infrastructure, which is expected to yield significant cost savings and improve innovation [12][20] - Crexendo is actively reviewing several potential acquisitions, ensuring they align with the vision of strategic profitable growth [13] - The company is enhancing its AI capabilities, with plans to roll out AI call bots and operator functions [10][25] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's trajectory, highlighting strong demand for its offerings and a commitment to delivering best-in-class services [14][26] - The company is not pursuing low-margin opportunities, focusing instead on profitable growth [11][22] Other Important Information - The company reported a strong cash position of $23.5 million, supporting continued innovation and strategic initiatives [13][18] - The company has successfully completed its international data center migration to Oracle Cloud Infrastructure [20] Q&A Session Summary Question: What is the pipeline for the second half of the year? - Management expects continued growth in new licensees and upgrades, with the total active licensee count around 240 [31][32] Question: How will the T-Mobile acquisition of UScellular impact the relationship? - Management sees tremendous opportunities with the T-Mobile acquisition and anticipates expanding the successful partnership with UScellular [34][36] Question: What margin improvements can be expected after closing international data centers? - Major savings are expected next year when domestic data centers are closed, with minimal immediate impact from international closures [37] Question: What is driving the strong growth in master agent sales? - Strong relationships and excellent customer service have fostered growth in the master agent channel [40][41] Question: What is the outlook for software revenue growth? - The company anticipates maintaining double-digit organic growth, with software solutions expected to continue growing at over 30% [45] Question: How is the remaining performance obligation structured? - The remaining performance obligation is heavily weighted towards the first three years of contracts, indicating strong future revenue streams [50] Question: What is the status of product revenue? - The company is strategically moving away from low-margin product sales, which has led to fluctuations in product revenue [53][54] Question: How is international expansion progressing? - The company continues to see strong demand in international markets, particularly in Europe and Australia [68]

Financial Data and Key Metrics Changes - Lumen reported total revenue of $3,092,000,000, a decline of 5.4% year over year, while business segment revenue decreased by 3.4% to $2,490,000,000 [26][21] - Adjusted EBITDA was $877,000,000 with a margin of 28.4%, down from approximately $1,000,000,000 in the same quarter last year [33][21] - Free cash flow was negative $209,000,000, with expectations for improvement in future quarters [34][36] Business Line Data and Key Metrics Changes - Total IP sales increased nearly 38%, with IP revenue up in the mid-single digits [21] - North American enterprise grow revenue increased by 8.5% year over year, while nurture revenue decreased by 18% [30][27] - Mass markets segment revenue declined by 12.8%, but fiber broadband revenue increased by 19.9% year over year [32][26] Market Data and Key Metrics Changes - Public sector revenue grew by 8.2% year over year, driven by a 9.4% increase in grow revenue and a 49% increase in harvest revenue [27] - Wholesale revenue declined approximately 5% year over year, with harvest revenue contracting by 6.2% [28] - International and other revenue decreased by 10.9%, primarily due to VPN declines [29] Company Strategy and Development Direction - The company is focused on transforming its network to support the AI economy, emphasizing the construction of new infrastructure and digital platforms [20][7] - Lumen aims to leverage its physical network and digital platform to create a scalable commercial ecosystem for customers [20][19] - The company is committed to maintaining discipline in deal-making, ensuring that new contracts are value-accretive [10][4] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to EBITDA growth and highlighted the importance of modernization and simplification efforts [37][38] - The company anticipates continued lumpiness in cash flow related to PCF contracts and the sale of its consumer fiber business [36][34] - Management noted that the recent reconciliation bill will significantly reduce tax liabilities, providing additional financial flexibility [25][36] Other Important Information - The company successfully refinanced $2,000,000,000 in debt, extending maturities and reducing annual interest expenses by approximately $100,000,000 [24][23] - Lumen's free cash flow guidance for 2025 has been raised to between $1,200,000,000 and $1,400,000,000, primarily due to expected tax refunds and lower CapEx spending [36][34] Q&A Session Summary Question: Performance of North American enterprise segment - Management highlighted that the grow bucket is performing well at 8.5%, which is crucial for future revenue inflection, while nurture revenue is expected to decline [42][43] Question: Expectations for 2026 EBITDA - Management indicated that there are no changes to the expectations for 2026 EBITDA, which is still anticipated to inflect next year [56][57] Question: Incremental costs and their impact - Management noted that there are about $100,000,000 in costs related to forced disconnects and cloud workload transitions, which will impact EBITDA in the second half [64][65] Question: Drivers of PCF sales - The recent $500,000,000 in new PCF contracts is primarily driven by over pull work, which is lower risk and higher margin [62][63] Question: Complexity of building new routes - Management explained that the complexity of building new routes is a significant factor affecting CapEx guidance, but it does not impact revenue timing [80][79]

Group 1 - The article focuses on the ongoing analysis of United States Cellular Corporation (NYSE: USM) ahead of its Q2 2025 earnings release scheduled for August 11th [1] - The analysis is informed by the author's extensive finance experience across various industries, emphasizing the importance of cash flow for both companies and investors [1] - The investment approach seeks value opportunities where market reactions to news may be disproportionate, highlighting the significance of strong fundamentals and dividends [1] Group 2 - The article does not provide any specific financial data or performance metrics related to United States Cellular Corporation [1]

Miami, FL, July 29, 2025 (GLOBE NEWSWIRE) -- ONAR Holding Corporation (OTCQB: ONAR), a fast- growing marketing technology company and global network of performance-driven agencies, today announced an expansion of its strategic partnership with IQSTEL, Inc. (NASDAQ: IQST) to develop and deploy a groundbreaking AI-driven, multi-agentic operating infrastructure in collaboration with Reality Border (IQSTEL Intelligence), IQSTEL's artificial intelligence subsidiary. This innovative system will revolutionize how ...