Core Insights - Lantronix Inc. has been awarded the 2025 TMC Labs Innovation Award for its SmartLV IoT cellular gateway, which is recognized as the first AI-enabled IoT Edge Compute Cellular Gateway powered by the Qualcomm IQ-615 processor [1][2][3] Company Overview - Lantronix is a global leader in compute and connectivity IoT solutions, focusing on high-growth markets such as Smart Cities, Enterprise, and Transportation [6] - The company emphasizes innovation and has a long-term partnership with Qualcomm to deliver advanced IoT solutions [3][6] Product Features - The SmartLV is designed for low-voltage substations and distribution automation applications, aimed at enhancing real-time visibility, control, and automation in the energy sector [4] - It incorporates advanced cybersecurity protocols and AI capabilities, ensuring secure operations for mission-critical applications [5] - The gateway provides Distribution System Operators (DSOs) with the ability to control energy distribution precisely when and where needed [4][5][6]

KORE Group (KORE) Q1 2025 Earnings Call May 15, 2025 05:00 PM ET Company Participants Vik Vijayvergiya - Vice President, Investor RelationsRonald Totton - President & CEOPaul Holtz - Executive VP, CFO & Treasurer Conference Call Participants Scott Searle - Managing Director, Senior Research AnalystLance Vitanza - MD & Senior Analyst Operator Greetings, and welcome to Core Group Holdings Incorporated First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A q ...

KORE Group (KORE) Q1 2025 Earnings Call May 15, 2025 05:00 PM ET Speaker0 Greetings, and welcome to Core Group Holdings Incorporated First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note that this conference is being recorded. I will now turn the conference over to your host, Vic Vigeberghia, Vice President of Investor Relations and Corporate Development. Thank you. You may begi ...

F i r s t Q u a r t e r 2 0 2 5 E a r n i n g s P r e s e n t a t i o n May 15, 2025 Di scl aime rs Use of Projections This presentation also contains certain financial forecasts of KORE. KORE's independent auditors have not studied, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this presentation, and accordingly, neither of them has expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this ...

Growth in Connections, Operating Cash and Free Cash Flow ATLANTA, May 15, 2025 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today reported financial and operational results for the quarter ended March 31, 2025.Company Highlights Total Connections1 increased to 19.8 million, up 8% from 18.3 million in the same period last year. Cash provided by operation ...

Core Insights - The 2025 vocational skills competitions are focusing on new events, professions, and technologies, highlighting the need for skilled talent in emerging industries [1][5] - New competition categories are aligned with the development of new productive forces and industry demands, aiming to select talent for critical skill shortages [3][8] Group 1: New Competition Categories - The "Harmony Application Development" event is a new addition in Hebei, reflecting the rise of the Harmony ecosystem and the need for software industry talent [2][3] - A total of 38 new productive force competition categories have been established, including "Intelligent Connected Vehicle Assembly and Maintenance" and "Digital Twin Application Technology," addressing talent gaps in smart automotive and digital transformation sectors [3][10] Group 2: Industry Alignment - 85 out of 106 competition categories are closely linked to modern industrial chain action plans, demonstrating a strong connection to local industry development needs [5] - The introduction of new professions, such as "Smart Hardware Assembly," is in response to the demands of the artificial intelligence era, requiring comprehensive skills in hardware assembly, software programming, and system integration [6][8] Group 3: Talent Development - The competitions are designed to cultivate skilled talent in response to the growing needs of new industries and technologies, particularly in areas like renewable energy and green low-carbon technologies [8][10] - The shortage of talent in the new energy vehicle after-sales service sector is significant, with a reported gap of nearly one million skilled workers [11]

Financial Data and Key Metrics Changes - The company reported net revenue of $5.3 million for Q1 2025, slightly above guidance but down from $6.7 million in Q1 2024, primarily due to the exit of low-margin business [11][12] - GAAP gross margin was 2.5% and non-GAAP gross margin was 10.8% for Q1 2025, compared to 7.3% and 13.4% respectively in Q1 2024, with the decrease attributed to transition costs and lower revenue [12] - GAAP net loss from continuing operations was $4.8 million or $0.21 per share, an improvement from a loss of $5.4 million or $0.24 per share in Q1 2024 [13] - Cash and cash equivalents at the end of Q1 2025 were $132.7 million, with cash usage of $3.3 million during the quarter [15] Business Line Data and Key Metrics Changes - The transition of production from Singapore to Thailand is progressing well, with over 75% of volume now transitioned [50] - The company is focusing on higher-margin opportunities and has made targeted investments to support organic growth initiatives [12][20] Market Data and Key Metrics Changes - Approximately 25% of the company's business is exposed to U.S. import tariffs due to manufacturing in Thailand and Singapore [5][17] - The company is monitoring customer demand and potential indirect effects of tariffs, with some caution observed in the market [41][42] Company Strategy and Development Direction - The company is executing its Perform, Accelerate, Transform (PAT) strategy to strengthen its core business and expand into high-value applications [7][10] - New strategic partnerships have been formed, including collaborations with Tag and Track and Inplay to enhance product offerings in the IoT space [9][26] - The company aims to drive future growth through M&A, although current macroeconomic conditions present challenges [28][29] Management's Comments on Operating Environment and Future Outlook - Management anticipates continued market uncertainty and high volatility, closely monitoring risks related to trade policies and global GDP [5][6] - The company expects Q2 2025 net revenue in the range of $4.9 million to $5.3 million, reflecting cautious market conditions [17] Other Important Information - The company is developing new performance metrics to monitor progress across strategic objectives, with updates planned for each quarter [29][30] - A corporate governance update includes a proposal to declassify the board, pending shareholder approval [34][35] Q&A Session Summary Question: Impact of tariffs on customer pipeline - Management noted some customer concerns regarding indirect impacts from tariffs, but no significant effects have been observed yet [41][42] Question: Status of grocery logistics deal - The grocery logistics project is tracking as planned, with initial orders expected by the end of the year and a go-live target for mid-2026 [43] Question: Transition from Singapore to Thailand and margin guidance - Over 75% of production volume has transitioned to Thailand, with expectations for improved yields and efficiency [50] - Margin guidance for Q4 remains uncertain pending tariff outcomes [52] Question: Order pull-ins in Q1 - Management confirmed that Q1 did not benefit from any pull-ins, as lead times and inventory levels did not support significant changes [57] Question: Quoting activity in Q2 - Some caution has been observed in quoting activity, but no significant concerns have emerged for Q2 [59]

Financial Data and Key Metrics Changes - Identiv reported net revenue of $5.3 million for Q1 2025, slightly above guidance but down from $6.7 million in Q1 2024, primarily due to the exit of low-margin business [11][12] - GAAP gross margin was 2.5% and non-GAAP gross margin was 10.8% for Q1 2025, compared to 7.3% and 13.4% respectively in Q1 2024, with the decrease attributed to transition costs and lower revenue [12] - GAAP net loss from continuing operations was $4.8 million or $0.21 per share, an improvement from a loss of $5.4 million or $0.24 per share in Q1 2024 [13] - Cash and cash equivalents at the end of Q1 2025 were $132.7 million, with cash usage of $3.3 million during the quarter [14] Business Line Data and Key Metrics Changes - The transition of production from Singapore to Thailand is progressing well, with over 75% of volume now transitioned [50] - The company is focusing on higher-margin opportunities and has made significant progress in its new product development (NPD) pipeline, with 21 active projects [31][32] Market Data and Key Metrics Changes - Approximately 25% of Identiv's business is exposed to U.S. import tariffs due to its manufacturing footprint in Thailand and Singapore [5][16] - The company is preparing for various tariff scenarios and expects to pass along incurred tariffs to customers as surcharges [16] Company Strategy and Development Direction - Identiv is executing its Perform, Accelerate, Transform (PAT) strategic framework to strengthen its core business and expand into high-value applications [7][18] - The company aims to drive future growth through strategic partnerships and innovative product development, particularly in the IoT space [10][36] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing market uncertainty and high volatility, with a cautious outlook due to shifting trade policies and a softening global GDP [5][10] - Despite challenges, the company believes its value proposition remains strong, driven by long-term trends in RFID and IoT solutions [36] Other Important Information - A new strategic partnership with Tag and Track was announced, aimed at enhancing IoT solutions for the pharmaceutical industry [9] - The company is also collaborating with Inplay to develop a new portfolio of BLE-enabled smart labels for logistics applications [9][27] Q&A Session Summary Question: Impact of tariffs on customer pipeline - Management acknowledged some customer concerns regarding indirect impacts from tariffs but noted no significant effects observed so far [40][41] Question: Status of grocery logistics deal - The grocery logistics project is tracking as planned, with initial orders expected by the end of the year and a go-live target for mid-2026 [43] Question: Transition from Singapore to Thailand and margin guidance - Over 75% of production volume has transitioned to Thailand, with expectations to complete the transition by the end of Q2 [50][52] - Margin guidance for Q4 remains uncertain pending the outcome of tariff reviews [53] Question: Order pull-ins in Q1 - Management confirmed that Q1 did not benefit from any pull-ins, maintaining normal order flow [58] Question: Quoting activity in Q2 - There is caution among customers, but no significant concerns for Q2 have been noted, with guidance reflecting potential slowdowns [61]

Core Insights - Identiv, Inc. has appointed Mick Lopez to its Board of Directors and is focusing on strategic partnerships to enhance its IoT solutions in the pharmaceutical industry and logistics applications [1][2] Financial Performance - For Q1 2025, Identiv reported revenue of $5.3 million, down from $6.7 million in Q1 2024, primarily due to exiting low-margin business [3] - GAAP gross margin for Q1 2025 was 2.5%, compared to 7.3% in Q1 2024, while non-GAAP gross margin decreased from 13.4% to 10.8% [3] - GAAP operating expenses were $5.6 million in Q1 2025, slightly up from $5.5 million in Q1 2024, reflecting targeted investments for organic growth [4] - The GAAP net loss from continuing operations was $4.8 million, or $0.21 per share, an improvement from a loss of $5.4 million, or $0.24 per share, in Q1 2024 [5] - Non-GAAP adjusted EBITDA loss increased to $3.9 million in Q1 2025 from $3.2 million in Q1 2024 [6] Financial Outlook - Management expects Q2 2025 net revenue to be between $4.9 million and $5.3 million, reflecting current market conditions and customer demand [7] Company Overview - Identiv specializes in RFID- and BLE-enabled IoT solutions, creating digital identities for physical objects and enhancing connectivity across various industries [10]

ATLANTA, May 5, 2025 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler, and provider of IoT Connectivity, Solutions and Analytics announced that on May 15, 2025, following the U.S. market closing it will release its financial results for the first quarter of 2025. KORE will host a live webcast, followed by a question-and-answer period the same day at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss the fina ...