天眼查App显示，近日，佛山市智晨科技有限公司成立，注册资本10万人民币，经营范围为一般项目： 技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；贸易经纪；国内贸易代理；离岸贸 易经营；进出口代理；互联网销售（除销售需要许可的商品）；家具销售；日用陶瓷制品销售；卫生陶 瓷制品销售；厨具卫具及日用杂品批发；地板销售；农副产品销售；日用玻璃制品销售；金属工具销 售；五金产品批发；门窗销售；日用百货销售；日用杂品销售；日用品销售；塑料制品销售；照明器具 销售；金银制品销售；工艺美术品及礼仪用品销售（象牙及其制品除外）；工艺美术品及收藏品零售 （象牙及其制品除外）；珠宝首饰批发；珠宝首饰零售；母婴用品销售；服装服饰批发；服装辅料销 售；建筑材料销售；木材销售；箱包销售；金属材料销售；平面设计；商务代理代办服务；采购代理服 务；销售代理；国内货物运输代理；电子产品销售；家用电器销售；珠宝首饰回收修理服务；咨询策划 服务；机动车充电销售；充电桩销售；充电控制设备租赁；电动汽车充电基础设施运营；物业管理；智 能输配电及控制设备销售；气体、液体分离及纯净设备销售；直饮水设备销售。（除依法须经批准的项 目外，凭营业执 ...

Core Insights - The primary focus of the discussion is on the implications of Generative AI (GenAI) for the company, particularly concerning disintermediation risks and monetization opportunities [1][2] Group 1: Disintermediation Risk - There are concerns regarding disintermediation risk associated with GenAI, prompting inquiries about the proprietary nature of the company's data and its integration into client workflows [1] - The company asserts that AI will not displace its operations, emphasizing the unique position it holds due to its proprietary data [2] Group 2: Monetization Opportunities - The company views GenAI as a significant opportunity for monetization, suggesting that it will enable new ways to generate revenue [1][2] - The discussion indicates that the company is well-positioned to thrive in the AI era due to the unique characteristics of its data [2]

Group 1 - Advanced Micro Devices, Cisco Systems, and Saudi Arabian artificial intelligence startup Humain are forming a joint venture to build data centers in the Middle East [1] - The joint venture has secured its first customer, indicating early traction in the market [1]

Core Insights - TSS, Inc. (TSSI) shares have experienced a significant decline of 20.8% following the release of its fiscal third-quarter 2025 results, compared to a 3.1% drop in the S&P 500 during the same period [1] - Over the past month, TSSI shares have decreased by 52.9%, while the S&P 500 has only slipped by 1.2% [1] Earnings & Revenue Performance - In the September-end quarter, TSSI's revenues fell by 40% year over year to $41.9 million, primarily due to a sharp decline in procurement activity [2] - Procurement revenues decreased by 49% to $31.1 million, while Systems Integration revenues increased by 20% to $9.2 million, and Facilities Management revenues dipped by 19% to $1.6 million [2] - Gross profit fell by 41% year over year to $4.6 million, reflecting lower volumes and new operations-related depreciation in the cost of goods sold [2] Net Income and Adjusted EBITDA - The company reported a net loss of $1.5 million compared to a net income of $2.6 million a year earlier, with diluted EPS swinging to a loss of 6 cents from earnings of 10 cents in the prior-year quarter [3] - Adjusted EBITDA declined by 66% to $1.5 million [3] - For the first nine months of 2025, revenues rose by 88% to $184.8 million, and adjusted EBITDA increased by 59%, despite a 27% decline in net income [3] Business Metrics - TSSI's revenue mix is heavily skewed towards procurement, which accounted for 84% of year-to-date 2025 revenues but only 58% of gross profit [4] - Systems Integration and Facilities Management together represented 42% of gross profit while generating only 16% of revenues [4] - Systems Integration remains a critical growth driver, supported by rising demand for AI-enabled rack integration, although third-quarter volumes fell below expectations due to operational bottlenecks [4] Balance Sheet Strength - Cash and equivalents increased to $70.7 million as of September 30, 2025, from $23.2 million at year-end 2024, aided by operating cash flow of $18.5 million and proceeds from a secondary offering [5] - Working capital improved to $34.3 million from $1.3 million over the same period [5] - The company invested $32.2 million year to date in building its new Georgetown, TX integration facility, which will expand power availability to 15 MW and more than double operating space [5] Management Commentary - Management indicated that the third-quarter shortfall was due to execution challenges rather than weakening demand, citing "unforeseen operational requirements" at the new Georgetown facility [6] - CEO Darryll Dewan noted that corrective measures have already led to "dramatically higher rack volumes" expected in the fourth quarter [6] - The company anticipates strong demand from hyperscalers and enterprise customers investing in AI infrastructure, although procurement activity was temporarily disrupted by a U.S. government shutdown [6] Factors Influencing Q3 Results - The most significant drag on third-quarter performance was procurement variability, which can fluctuate based on deal timing and revenue recognition methods [7] - Lower procurement volume reduced scale efficiencies that typically benefit margins [7] Margin Compression - Within Systems Integration, margins compressed sharply to 13% from 45% a year ago due to the allocation of new facility-related depreciation to the cost of goods sold [8] - Power costs at the expanded site also impacted profitability, with TSS incurring over $900,000 in electrical costs in the third quarter, recovering only about 20% of these costs from customers [8] Guidance - Despite the third-quarter miss, TSSI reaffirmed a bullish near-term outlook, expecting full-year 2025 adjusted EBITDA growth of 50% to 75% over 2024 [9] - For 2026, the company initiated guidance for 40% to 50% organic EBITDA growth, supported by increased visibility into customer demand and the ramp-up of the Georgetown facility [9] Other Developments - TSSI appointed Vivek Mohindra, a technology industry veteran, to its board of directors, viewing his addition as a significant step in accelerating strategic expansion across AI, edge computing, and modular data-center offerings [10]

GDS Holdings (GDS) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of a loss of $0.06 per share. This compares to a loss of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +850.00%. A quarter ago, it was expected that this company would post a loss of $0.11 per share when it actually produced a loss of $0.06, delivering a surprise of +45.45%.Over the last four quarters, the compa ...

天眼查App显示，近日，惠州市开利科技有限公司成立，注册资本50万人民币，经营范围为一般项目： 技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；机械设备销售；金属制品销售；五 金产品批发；五金产品零售；橡胶制品销售；塑料制品销售；高品质合成橡胶销售；模具销售；仪器仪 表销售；电线、电缆经营；光电子器件销售；电力电子元器件销售；电子元器件批发；电子元器件零 售；电子测量仪器销售；玩具销售；电子产品销售；新能源汽车电附件销售；货物进出口；技术进出口 （除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

天眼查App显示，近日，惠州市华瑞利科技有限公司成立，法定代表人为魏璐璐，注册资本5万人民 币，经营范围为一般项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；橡胶制 品制造；橡胶制品销售；高品质合成橡胶销售；母婴用品制造；母婴用品销售；玩具制造；玩具销售； 塑料制品制造；塑料制品销售；厨具卫具及日用杂品批发；日用品销售；日用杂品制造；日用杂品销 售；宠物食品及用品零售；宠物食品及用品批发；工艺美术品及礼仪用品制造（象牙及其制品除外）； 工艺美术品及礼仪用品销售（象牙及其制品除外）；珠宝首饰批发；新材料技术研发；互联网销售（除 销售需要许可的商品）；国内贸易代理。（除依法须经批准的项目外，凭营业执照依法自主开展经营活 动）。 ...

Core Insights - Motorola Solutions (MSI) has seen a 15% decline in stock price over the last month, prompting considerations for either purchasing more shares or reducing investments [2] - F5 (FFIV) is presented as a more attractive investment option, showcasing stronger revenue growth, improved profitability, and a lower valuation compared to MSI [2] - FFIV's quarterly revenue growth is reported at 12.2%, while MSI's is at 5.2%, with FFIV also outperforming MSI in annual revenue growth (8.9% vs. 6.4%) [2] - FFIV's last twelve months (LTM) margin stands at 25.2%, slightly higher than MSI's 25.1% [2] Financial Comparison - A side-by-side financial comparison highlights the distinctions in growth, margins, momentum, and valuation multiples between MSI and FFIV [3][4] - Historical market performance data indicates cumulative total returns for FFIV since the beginning of 2020, with metrics such as win rate and maximum drawdown being relevant for investors [5] Investment Strategy - For investors uncertain about MSI or FFIV, a multi-asset portfolio strategy is suggested as a means to balance volatility and mitigate risks associated with individual stock picks [6][7] - The asset allocation framework developed by Trefis' wealth management partner has demonstrated positive returns during market downturns, indicating a robust strategy for long-term investment [8]

Core Insights - Gorilla Technology Group Inc. (GRRR) reported third-quarter 2025 adjusted EPS of 24 cents, missing the Zacks Consensus Estimate by 7.7% and down 17.2% year-over-year [1] - Total revenues reached $26.5 million, reflecting a 32% year-over-year increase and surpassing the consensus mark by 1.8%, driven by AI infrastructure and public safety projects across various regions [1] Financial Performance - Operating expenses rose 39% year-over-year to $9.5 million, primarily due to net fair value remeasurement, while the cost of revenue increased 57.3% to $16.6 million [2] - Adjusted EBITDA was $6.8 million, marking a 21% year-over-year increase, attributed to improved contracting and vendor alignment [2] - Cash and cash equivalents stood at $110.2 million at the end of the third quarter, up from $21.7 million at the end of 2024, with total debt reduced to $15.1 million from $21.4 million [4] Project Developments - The company anticipates accelerating deployment of its 5G and AI infrastructure projects in Southeast Asia through the fourth quarter, with projects in the MENA region nearing final execution [3] Future Outlook - GRRR reiterated its 2025 revenue guidance of $100-$110 million, with 2026 estimates ranging from $137-$200 million, supported by a pipeline exceeding $7 billion in AI and GPU infrastructure opportunities [5] - The company expects adjusted EBITDA for 2025 to be between $20-$25 million and anticipates positive operating cash flows for the year [5]

British online supermarket and technology group Ocado said on Tuesday it will receive more than $250 million in compensation after U.S. partner Kroger said it plans to close three jointly operated automated fulfilment centres. ...