Q3 2025 Financial Highlights - Revenue reached $164.7 million, exceeding the raised outlook of $155 million - $159 million[20] - Adjusted EBITDA was $105 million, a 62% year-over-year increase[10, 22] - Adjusted EBITDA margin increased by 14 percentage points year-over-year to 64%[10, 22] - Free cash flow amounted to $381 million[10] - Annualized Recurring Revenue (ARR) increased by 49% year-over-year to a record high of $588 million[10, 22] - The company increased its dividend by 17% to $0.70 per share[10] Business Developments - The company completed the Samsung smartphone arbitration with a total contract value of $1.05 billion over 8 years, licensed through the end of 2030[15] - The Samsung agreement includes an annual recurring revenue of $131 million, a 67% increase from the prior agreement[15] - InterDigital acquired video AI start-up Deep Render[11] Q4 2025 and Full Year 2025 Outlook - The company projects Q4 2025 revenue to be between $144 million and $148 million[26] - The company projects full year 2025 revenue to be between $820 million and $824 million[26]

Core Insights - Laughing Water Capital reported a decline of approximately -1% in Q3 2025, resulting in year-to-date returns of approximately -2.7%, while the SP500TR and R2000 returned 12.4% and 8.1% respectively for the quarter [1] - The fund's top holdings can be reviewed to identify its best investment picks for 2025 [1] Company Focus: NextNav Inc. (NASDAQ:NN) - NextNav Inc. provides next-generation positioning, navigation, and timing (PNT) solutions, with a one-month return of -6.29% and a 52-week gain of 15.32% [2] - As of October 29, 2025, NextNav Inc. stock closed at $13.40 per share, with a market capitalization of $1.804 billion [2] - The investment thesis for NextNav is based on the need for a terrestrial backup to the GPS system, with expectations that the FCC will allow NextNav to repurpose its spectrum for 5G, significantly increasing the value of its stock [3]

Wireless networks are critical infrastructure. Connecting more devices than there are people on Earth. Soon, intelligent cameras, cars, and robots will create hundreds of billions of new connections.NVIDIA AI RAM modernizes wireless infrastructure into intelligent 5G and 6G networks, delivering scale, spectrum efficiency, and AI where the users are. In just 6 months, Nvidia and our partners built the first AI native wireless stack made in America, powered by Nvidia AI aerial. It's already running applicatio ...

Core Viewpoint - Aviat Networks, Inc. is set to release its first quarter fiscal 2026 financial results on November 4, 2025, after market close, indicating ongoing transparency and engagement with investors [1]. Financial Results Announcement - The financial results will cover the period ended September 26, 2025, showcasing the company's performance in the wireless transport and access solutions sector [1]. - An earnings conference call will be held on the same day at 5:00 p.m. ET, featuring key executives including the President and CEO, Pete Smith, and Interim CFO, Andrew Fredrickson [2]. Investor Engagement - Interested parties can access the conference call via a webcast on Aviat Networks' Investor Relations website or participate by telephone after registering [3]. - A replay of the conference call will be available on the company's investor relations website post-event [3]. Upcoming Investor Conferences - The company will participate in several upcoming investor conferences, including the 14th Annual Roth Technology Conference on November 19, 2025, and the 6th Annual Needham Tech Week Conference on November 21, 2025 [10]. Company Overview - Aviat Networks is recognized as a leading expert in wireless transport and access solutions, with over one million systems sold across 170 countries [6]. - The company serves a diverse clientele, including communications service providers and various government and defense organizations, emphasizing its reliability in critical applications [6]. - With a history of over 70 years in microwave innovations, Aviat Networks aims to simplify network operations for its customers while delivering high-performance products [6].

Company Overview - Anterix collaborates with leading utilities and technology companies to leverage 900 MHz broadband for modernized grid solutions [3] - The company is the largest holder of licensed spectrum in the 900 MHz band across the contiguous United States, Alaska, Hawaii, and Puerto Rico, positioning it uniquely for private wireless broadband solutions [3] Upcoming Events - Anterix will hold a conference call on November 13, 2025, at 9:00 a.m. ET to discuss its second quarter fiscal 2026 results [1] - A press release regarding the results will be issued after the market closes on November 12, 2025 [1] - Participants must pre-register to join the live Q&A session and are encouraged to join at least 10 minutes early [2] Investor Relations - The conference call will be webcast live and accessible on Anterix's Investor Relations website [2] - A replay of the call will be available on the Anterix website following the event [2]

​Verizon Communications Inc. (NYSE:VZ) is one of the Most Undervalued Long Term Stocks to Buy Right Now. On October 21, Sam McHugh from BNP Paribas Exane downgraded Verizon Communications Inc. (NYSE:VZ) from Outperform to Neutral with a price target of $44. ​The company on October 6, had appointed Dan Schulman as Chief Executive Officer to replace Hans Vestberg. Dan Schulman is the former CEO of PayPal. Analyst Sam McHugh noted that this change in leadership has raised questions about the company’s strate ...

Group 1 - Franklin Wireless Corp. has been initiated with a Buy rating and a price target of $6 by Lake Street, indicating positive sentiment from Wall Street analysts [1][2] - The company is expected to benefit from the expanding mobile hotspot market, driven by hybrid work models, the need for reliable backup internet, and increasing demand for mobile connectivity [2] - Franklin Wireless is positioned as a lower-cost provider with a US-based headquarters, which enhances its market traction [2][3] Group 2 - Franklin Wireless offers integrated wireless solutions, including 5G/4G broadband products such as portable Wi-Fi mobile hotspot routers and fixed wireless routers [3]

Group 1: Market Outlook and Economic Indicators - Steven Wieting, chief investment strategist at CIO Group, suggests maintaining a long position in technology, particularly in cybersecurity software, citing double-digit earnings growth in tech over the past few years [1] - Wieting expects revenue growth in tech to continue but anticipates a slowdown, drawing parallels to the late 1990s tech boom [1] - The current state of asset classes is characterized as a mature bull market, with the S&P trading at 27 times trailing earnings, yet Wieting believes the economy is set to improve in the coming year [1] Group 2: AI Infrastructure and Economic Performance - AI infrastructure is experiencing a significant growth rate of 42%, the fastest since the invention of the personal computer, while other sectors like construction and industrial production are lagging [2] - Consumer spending has increased by 3.5% as of mid-third-quarter data, but business caution is evident, with 90% of industries in the ISM report expressing concerns about tariffs [2] Group 3: Hot Tech Stocks - A list of 12 hot tech stocks has been compiled based on performance over the past three months and upside potential, with stocks favored by elite hedge funds [3][5] - Franklin Wireless Corp. (NASDAQ:FKWL) has shown a 3-month performance of 23.44% and is positioned to benefit from the expanding mobile hotspot market due to the rise of hybrid work models [7][9] - Core Scientific Inc. (NASDAQ:CORZ) has a 3-month performance of 36.85%, with analysts raising price targets amid potential acquisition scenarios, indicating an attractive risk/reward profile [11][12]

Core Points - A federal jury in Marshall, Texas ruled that Samsung Electronics must pay nearly $445.5 million in damages to Collision Communications for patent infringement related to 4G, 5G, and Wi-Fi technologies [1] Group 1 - The jury's decision highlights the ongoing legal challenges faced by major technology companies regarding intellectual property rights [1] - The ruling underscores the importance of patent protection in the telecommunications industry, particularly as 5G technology continues to expand [1] - Samsung's financial liability could impact its future investments in research and development, especially in the competitive 5G market [1]

Core Viewpoint - Franklin Wireless Corp. has demonstrated significant operational recovery and growth in fiscal 2025, with a notable increase in revenue and a reduction in net loss, indicating positive investor sentiment and confidence in the company's strategic initiatives [1][2][8]. Revenue & Earnings Performances - For the fiscal year ending June 30, 2025, Franklin Wireless reported net sales of $46.09 million, a 49.7% increase from $30.80 million in fiscal 2024 [2]. - The company recorded a net loss of $243,101, significantly narrower than the $3.96 million loss in the previous year, with basic and diluted loss per share improving from 34 cents to 2 cents [2]. Gross Profit and Margins - Gross profit increased to $7.92 million from $3.51 million, with gross margin improving from 11.4% to 17.2%, attributed to better cost control and an improved product mix [3]. Key Business Metrics - Cash and cash equivalents rose to $14.74 million from $12.27 million, while total assets increased to $51.33 million from $46.72 million, reflecting higher inventory and receivables [4]. - Total liabilities increased to $13.44 million from $10.34 million, primarily due to accrued officer bonuses [4]. Inventory and Shareholders' Equity - Inventories increased to $2.36 million from $1.43 million, indicating preparation for higher sales volumes in fiscal 2026 [5]. - Shareholders' equity rose to $37.89 million, supported by non-controlling interests from the Sigbeat joint venture [5]. Management Commentary - Management highlighted operational improvements, including successful supplier restructuring and the positive impact of new product introductions in wireless connectivity [6]. - The Sigbeat joint venture aims to enhance global reach in telecommunications modules and hardware solutions [6]. Legal and Settlement Matters - The resolution of multiple legal matters positively influenced fiscal 2025 performance, with a $2.4 million class-action settlement paid in May 2024, leading to reduced future litigation exposure [9]. Cost Management - Cost of goods sold increased to $38.17 million from $27.29 million, but was offset by sales growth, while research and development expenses decreased to $1.47 million from $3.40 million, indicating tighter cost control [10]. Future Outlook - Management expressed optimism for continued growth driven by a strengthened supply chain, recent product developments, and the ramp-up of the Sigbeat venture [11]. - The company aims to improve profitability through operational efficiencies and a focus on higher-margin products, supported by a stable cash position and low leverage [11]. Other Developments - In fiscal 2025, Franklin Wireless repurchased stock options from CEO OC Kim for $746,067, and formed the Sigbeat joint venture with a $3 million contribution [12]. - The company maintained compliance with the Sarbanes-Oxley Act, confirming effective internal control over financial reporting as of June 30, 2025 [13].