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Identiv Reports First Quarter 2025 Financial Results
Prnewswire· 2025-05-07 20:05
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]
Lantronix to Participate in the 22nd Annual Craig-Hallum Institutional Investor Conference on May 28, 2025
Globenewswire· 2025-05-06 11:00
Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix's products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix's advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Clo ...
Acorn, Provider of Backup Power Generator Monitoring and Control Solutions, Hosts Q1 Earnings Call Thur. May 8th at 11am ET
Globenewswire· 2025-05-01 13:25
WILMINGTON, Del., May 01, 2025 (GLOBE NEWSWIRE) -- Acorn Energy, Inc. (OTCQB: ACFN), a provider of remote monitoring and control IoT solutions for backup power generators, gas pipelines and air compressors, will report Q1 2025 results before the market opens on Thursday, May 8th and host an investor call at 11:00 a.m. ET. Following prepared remarks, Jan Loeb, President & CEO, and Tracy Clifford, CFO & COO of OmniMetrix, will field investor’s questions. Conference Call & ReplayDate/Time:Thursday, May 8th at1 ...
Lantronix to Report Fiscal 2025 Third Quarter Results on May 8, 2025
Globenewswire· 2025-05-01 11:00
Core Viewpoint - Lantronix Inc. is set to release its financial results for the fiscal 2025 third quarter on May 8, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results will cover the period ended March 31, 2025 [1] - An investor conference call and audio webcast will be held on May 8, 2025, at 1:30 p.m. Pacific Time [2] - Investors can access a replay of the conference call starting at approximately 8:00 p.m. Pacific Time on the same day [3] Group 2: Company Overview - Lantronix Inc. is recognized as a global leader in compute and connectivity IoT solutions, focusing on high-growth markets such as Smart Cities, Enterprise, and Transportation [4] - The company's offerings include customizable solutions that enable AI Edge Intelligence, with advanced products like Intelligent Substations infrastructure, Infotainment systems, and Video Surveillance [4]
KORE(KORE) - 2024 Q4 - Earnings Call Transcript
2025-04-30 22:02
Financial Data and Key Metrics Changes - The company reported a total revenue of CAD286 million for 2024, an increase of CAD9.5 million or 3% year over year [21] - Adjusted EBITDA for the year was CAD53.1 million, a decrease of CAD2.5 million compared to the prior year [29] - Free cash flow improved significantly to CAD1.6 million in Q4 2024, compared to a negative CAD15.5 million in the prior year [31] - The net loss for Q4 2024 was CAD25.4 million, an improvement from CAD33.6 million in the prior year [27] Business Line Data and Key Metrics Changes - IoT connectivity revenue for Q4 2024 was CAD56.5 million, up 2% year over year, representing 77% of total revenue [20] - IoT Solutions revenue declined 2% year over year to CAD16.8 million, accounting for 23% of fourth quarter revenue [20] - Non-GAAP IoT connectivity margin increased by 300 basis points year over year to 59.3% [21] - Non-GAAP IoT Solutions margin improved by 1,500 basis points year over year to 48.1% [21] Market Data and Key Metrics Changes - Total connections at the end of Q4 2024 were 19.7 million, an increase of 1.2 million year over year [6] - Average revenue per user (ARPU) for Q4 was $0.97, down from $0.99 in Q4 2023 [24] - The company closed $29 million in total contract value (TCV) in Q4 2024, with 68% related to IoT connectivity [10] Company Strategy and Development Direction - The company is focused on operational excellence and has launched several AI projects to drive efficiency and support profitable growth [7] - The strategic focus is on profitable growth and recurring connectivity revenue, which increased by CAD24.5 million or 12% year over year [6] - The company plans to shift from TCV to estimated annual recurring revenue (EARR) to better reflect its recurring revenue business model [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2025, expecting revenue growth driven by IoT connections and improvements in adjusted EBITDA and free cash flow [34] - The company is cautious about potential impacts from evolving tariff policies but believes its recurring revenue model provides insulation against external pressures [34] - The outlook for 2025 includes revenue guidance of CAD288 million to CAD298 million, reflecting a 2% year-over-year growth [35] Other Important Information - The company has seen significant activity in its IoT connectivity pipeline, particularly in connected health and logistics [14] - The IoT market is expected to grow rapidly, with the number of connected devices projected to surpass 96 billion by 2030 [16] - eSIM adoption is accelerating, with the market expected to grow from 368 million units in 2024 to 1.6 billion by 2030 [17] Q&A Session Summary Question: Drivers of connections and ARPU changes - Management noted that the increase in connections was primarily from low ARPU cases, which contributed to the decline in ARPU [40][41] Question: Market development and demand - Management indicated that while low ARPU use cases contributed to growth, there are also opportunities in higher-margin areas like connected health and retail [43] Question: Revenue guidance and pricing dynamics - Management explained that the conservative revenue guidance reflects a focus on profitable growth and the exit from unprofitable contracts [46] Question: Delay in 10-K filing - Management clarified that the delay was due to specific audit items and expects to be on time for future filings [53] Question: Balance sheet restructuring - Management is open to exploring options for balance sheet improvement but is focused on operational performance [56] Question: Guidance specifics for 2025 - Management indicated that IoT Solutions revenue is expected to remain flat, with a focus on improving gross margins [64] Question: AI and eSIM integration - Management highlighted ongoing discussions with customers about leveraging AI for better decision-making and the growing importance of eSIM technology [79]
KORE(KORE) - 2024 Q4 - Earnings Call Presentation
2025-04-30 20:09
F o u r t h Q u a r t e r 2 0 2 4 E a r n i n g s P r e s e n t a t i o n April 30, 2025 1 Disclaimers Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. KORE's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements ...
Samsara Inc. (IOT) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
ZACKS· 2025-04-02 14:55
Core Viewpoint - Samsara Inc. (IOT) has shown a downtrend recently, losing 8.9% over the past week, but a hammer chart pattern suggests a potential trend reversal as buying interest may be emerging [1][2]. Technical Analysis - The hammer chart pattern indicates a possible bottoming out, suggesting that selling pressure may be exhausting [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, indicating that the stock opened lower, made a new low, but closed near or above the opening price [4][5]. - This pattern signals that bears may be losing control, and bulls are starting to push back, indicating a potential trend reversal [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for IOT, which is a bullish indicator [7]. - The consensus EPS estimate for the current year has increased by 23.1% over the last 30 days, reflecting analysts' optimism about the company's earnings potential [8]. - IOT holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks, which typically outperform the market [9].
Golioth Unveils Breakthrough Bluetooth-to-Cloud Connectivity for IoT Products
Globenewswire· 2025-03-04 12:00
Core Insights - Golioth has launched a Private Access Program for Bluetooth-to-Cloud Connectivity, simplifying the connection of Bluetooth devices to the cloud without the need for custom gateway development [1][2][3] Product Features - The new offering allows Bluetooth devices to securely transmit data to the cloud while utilizing Golioth's cloud features such as secure data routing, fleet management, and remote updates [2] - The solution eliminates the need for custom gateway development, saving months of engineering effort and reducing costs [4] - Bluetooth devices can share gateway connections, which lowers costs and extends battery life compared to individual cellular or Wi-Fi connections [4] - All Bluetooth devices can be managed alongside gateways in the Golioth Console, providing clear visibility and control [4] - Data is encrypted from device to cloud, ensuring end-to-end security [4] Target Audience - The Private Access Program is designed for IoT product developers creating Bluetooth-connected devices, companies looking for cost-effective alternatives to Wi-Fi or cellular connectivity, and gateway OEMs seeking fully managed solutions [5][6] Availability and Pricing - The Private Access Program began on March 4, 2025, with initial features including data and log streaming and network visualization, with full availability planned for Q2 2025 [7] - Golioth maintains a transparent, usage-based pricing model, with no connection fees for directly connected devices using Ethernet, Wi-Fi, or cellular [7] Company Background - Golioth, founded in 2020, aims to help engineers overcome IoT development challenges and accelerate time to market for new devices [9]