USA TODAY Co. Schedules Fourth Quarter 2025 ResultsFeb 12, 2026 7:30 AM Eastern Standard Time# USA TODAY Co. Schedules Fourth Quarter 2025 ResultsShare---New York, NY--([BUSINESS WIRE])--USA TODAY Co., Inc. ("USA TODAY Co.†, "we†, "our†, or the "Company†) (NYSE: TDAY) announced today that it will release its fourth quarter 2025 financial results on Thursday, February 26, 2026, prior to the opening of the New York Stock Exchange. Management will host a conference call on Thursday, February 26, 2026 a ...

Group 1 - The AI industry chain is experiencing a collective surge, with significant activity in AI hardware sectors such as CPO and chips, leading to an increase in relevant indices [1] - The Shanghai Stock Exchange's Sci-Tech Innovation Board Artificial Intelligence Index rose by 2.0%, while the CSI Innovation and Entrepreneurship Artificial Intelligence Index increased by 1.1%, and the CSI Artificial Intelligence Theme Index went up by 0.9% [1] - The E Fund Artificial Intelligence ETF (159819) saw a net subscription of 16 million units during the morning session [1] Group 2 - The indices focus on leading companies in the AI sector, comprising 50 stocks with large market capitalizations involved in AI foundational resources, technology, and application support, with nearly 90% representation from the electronics, communications, and computer industries [3] - The E Fund Artificial Intelligence ETF tracks the Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index, which includes 30 large-cap stocks in the AI sector, focusing on computing power and application segments, with over 85% representation from electronics and computer industries [3]

Group 1 - The AI industry chain is experiencing a divergence, with hardware like optical modules seeing a pullback, while sectors like computing rental and cloud computing are performing well [1] - Notable stocks such as Huace Film & TV have dropped over 10%, while others like Zhongji Xuchuang and New Yisheng are also adjusting [1] - The AI sector's short-term adjustment presents a cost-effective investment opportunity, with several significant domestic AI products expected to launch during the Spring Festival [1] Group 2 - Nomura Securities emphasizes the importance of software companies that can leverage next-generation large model capabilities to create disruptive AI-native applications, potentially raising their growth ceilings [2] - Major global cloud service providers are aggressively pursuing general artificial intelligence, but developers of large models and applications are facing increasing capital expenditure burdens [2] - If DeepSeek V4 can significantly reduce training and inference costs while maintaining high performance, it may help these players convert technology into revenue more quickly, alleviating profit pressures [2] Group 3 - The Huaxia Communication ETF (515050) focuses on electronic and communication hardware, with top holdings including Zhongji Xuchuang and New Yisheng [2] - The Huaxia Growth AI ETF (159381) tracks an index with nearly 50% weight in CPO, covering domestic software and AI application companies, providing high elasticity [2] - The Huaxia Cloud Computing ETF (516630) emphasizes domestic AI software and hardware, with a combined weight of 83.7% in computer software, cloud services, and computer equipment [3]

Summary of Conference Call Notes Industry Overview - The A-share market experienced a strong upward trend on February 9, with all three major indices rising collectively. The Shanghai Composite Index increased by 1.41% to close at 4123 points, the Shenzhen Component Index rose by 2.17%, and the ChiNext Index climbed by 2.98%. The total trading volume reached 2.25 trillion yuan, an increase of over 100 billion yuan compared to the previous trading day. A total of 4612 stocks rose while 759 stocks fell [1][2]. Key Industry Performance - All primary industries under the Shenwan classification saw gains, with the top five performing sectors being: - Communication: +5.17% - Comprehensive: +4.70% - Media: +3.50% - Electronics: +2.97% - Computer: +2.88% - Sectors with relatively lower gains included: - Oil and Petrochemicals: +0.21% - Banking: +0.36% - Food and Beverage: +0.37% - Agriculture, Forestry, Animal Husbandry, and Fishery: +0.42% - Home Appliances: +0.47% [2]. Notable Market News 1. ByteDance launched the Seedance 2.0 video generation model on its Dream platform, featuring a series of technological innovations such as multi-modal reference, generation, and editing integration, which is described as a "revolution in AI video creation efficiency" [2]. 2. The first mass-produced version of the Platinum Smart 4X Robotaxi has officially rolled off the production line, marking a new phase in the strategic cooperation between Pony.ai and Toyota China, as well as GAC Toyota, moving into large-scale production and operation [2]. 3. Elon Musk stated that SpaceX has shifted its focus to building a "self-expanding city" on the Moon, which he expects to achieve within 10 years, while Mars colonization may take over 20 years [2]. Market Outlook - Following a broad-based increase in trading volume, the market is likely to enter a phase of high-level turnover and rotation of hot sectors. There is anticipation for a "spring red envelope" market, with applications of AI video models potentially boosting risk appetite. However, the sustainability of this trend will depend on whether commercialization leads can keep pace [2][3].

Core Insights - A research team from Singapore, France, and the United States has designed a compact on-chip antenna based on the principles of topological photonics [1] - This antenna can efficiently radiate and process high-density terahertz signals, significantly enhancing data transmission rates [1] - The development is crucial for laying the groundwork for future 6G wireless communication [1]

Core Insights - Altigen Communications, Inc. reported breakeven earnings per share for fiscal Q1 2026, compared to an earnings of 1 cent per share in the same quarter last year, while the stock gained 1.7% since the earnings report, outperforming the S&P 500's 1.1% decline during the same period [1][2] Financial Performance - Total revenue for the quarter was $3.2 million, a 6% decrease from $3.4 million in the prior year [2] - Gross margin slightly decreased to 62% from 63% year-over-year [2] - GAAP net income rose 16% year-over-year to $0.1 million, marking the seventh consecutive quarter of profitability [2] - Adjusted EBITDA was $0.26 million, a marginal decrease from $0.29 million in the year-ago period [5] Revenue Breakdown - Cloud Services revenue fell approximately 17% to $1.4 million from $1.7 million a year ago, primarily due to elevated customer churn during the transition from legacy platforms [3][8] - The Services & Other segment revenue increased to $1.5 million from $1.4 million in the prior year, although the previous quarter's figures were inflated by a one-time customer request [4] Cost Management - Operating expenses decreased by 9% to $1.9 million, which helped offset revenue declines and supported profitability [4][9] Strategic Transition - The company is transitioning from a legacy PBX service provider to a modern, AI-powered, Microsoft Cloud-focused communications platform [6] - Management believes the churn from legacy platforms has largely normalized and emphasized a revised go-to-market strategy targeting mid-market and enterprise segments [7] Future Outlook - Management expressed confidence in accelerating revenue growth in the second half of fiscal 2026, driven by the launch of new AI products and a growing customer base [11] - The company is investing in AI platforms, with two new solutions nearing release: a 24/7 customer self-service engine and a customer engagement analytics platform [10] Capital Investments - Altigen capitalized $0.3 million in software development during the quarter, up from $0.2 million a year earlier, reflecting its strategy to build out proprietary technology to support AI-driven solutions [12]

Core Insights - Vonage, part of Ericsson, has won two Juniper Research Future Digital Awards, receiving the Platinum Award for Network API Solution Innovation and the Gold Award for Best Mobile Identity Solution for its Identity Insights API [1][2]. Group 1: Awards and Recognition - The 2026 Future Digital Awards recognize organizations driving transformative digital innovation and shaping the future of technology [2]. - The Vonage Identity Insights API provides enterprises with real-time intelligence from mobile networks to verify users, prevent fraud, improve security, and enhance customer experience [2]. - Vonage has also been recognized as an Established Leader in three Juniper Research reports covering the Network APIs Market, Global Mobile Identity Market, and A2P & Business Messaging [3]. Group 2: Product Features and Benefits - The Vonage Identity Insights API leverages advanced network insights to provide new trust signals, such as SIM Swap detection, which helps in user validation and fraud prevention [2][3]. - The technology portfolio of Vonage includes Network APIs, CPaaS, CCaaS, and UCaaS solutions, aimed at empowering enterprises and developers in digital transformation [5][6].

Financial Data and Key Metrics Changes - Revenue for Q2 2026 was $51.5 million, reflecting a sequential growth of 1.2% and a service revenue growth of 1% [5][23] - Adjusted EBITDA was $8.3 million with a margin of 16%, and free cash flow improved to $8 million, or $0.24 per diluted share [6][21] - Gross profit reached $38.2 million, with a gross margin improvement to 74% compared to 72% in Q1 and 68% in the prior year [23][24] Business Line Data and Key Metrics Changes - Monthly Recurring Revenue (MRR) bookings grew significantly, up 67% sequentially and 60% year-over-year, indicating strong momentum in the mid-market strategy [7][27] - The company saw a sequential improvement in churn rate, with blended churn holding just under 1%, reflecting stability in the recurring revenue base [8][50] Market Data and Key Metrics Changes - The starting backlog for Q3 is up approximately 125% compared to the start of Q2, providing strong visibility into the second half of the year [20] - The wholesale channel is gaining traction, with a notable contract for a nationwide cloud voice and messaging solution, contributing to a 10% increase in trunking solutions revenue [18][34] Company Strategy and Development Direction - The company is focusing on scaling its go-to-market engine, investing approximately $2 million in incremental SG&A to accelerate pipeline development and customer acquisitions [10][12] - The strategic priority is to pursue larger, integrated solutions for mid-market customers, reflecting a shift in customer buying behavior towards fewer vendors and more comprehensive solutions [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the trajectory of the go-to-market engine, emphasizing the importance of larger strategic deals and the effectiveness of the partner ecosystem [14][20] - The company anticipates continued growth in bookings and revenue, with a tightened guidance for fiscal 2026 expecting revenue between $205 million and $208 million [25][57] Other Important Information - The company repurchased approximately 196,000 shares during Q2, reflecting confidence in long-term business value [21] - Total debt was reduced to $37.6 million from $60.4 million in the previous year, indicating a commitment to deleveraging [22] Q&A Session Summary Question: What are the key drivers behind the 67% quarter-over-quarter growth in MRR bookings? - The growth is primarily tied to larger strategic deals and a healthy new partner program that has facilitated the acquisition of larger clients [27][28] Question: Is the 67% growth sustainable, or is it a special quarter? - The company expects continued growth as it has transitioned from a transformational phase to a growth phase, with a focus on larger deals [29][30] Question: Can you elaborate on the wholesale activity and its potential for growth? - The wholesale channel is being leveraged to monetize large ecosystems, with significant opportunities in healthcare and carrier partnerships [33][34] Question: How is the partner ecosystem performing in terms of bookings growth? - The majority of revenue is partner-driven, with new strategic partners contributing significantly to bookings growth [72][73] Question: What is the outlook for churn reduction? - Management aims to reduce churn further, targeting a rate of 0.85% through proactive customer engagement and upselling strategies [50][51]

Core Viewpoint - The company is actively positioning itself in the satellite communication sector, focusing on the development and promotion of related products to enhance future profitability and market value management [1] Group 1: Product Development - The company has developed Beidou short message and narrowband voice communication products, which are already integrated into some domestic communication terminals [1] - The realization of low-orbit satellite communication functionality is closely linked to the progress of satellite constellation construction [1] Group 2: Strategic Focus - The company aims to align with national strategic development trends to drive future growth [1] - There is a need to expand market reach and accelerate technology research and development, as the current contribution of related products to the company's revenue is relatively small [1]

Core Thesis - Ondas Inc. is positioned as a leader in autonomous systems and industrial connectivity, focusing on defense, public safety, and critical infrastructure markets, with shares trading at $10.64 as of February 2nd [1][2]. Group 1: Company Overview - Ondas Inc. provides private wireless, drone, and automated data solutions both in the U.S. and internationally, targeting high-growth segments in the defense and security ecosystem [2]. - The company develops advanced drone systems, counter-drone solutions, ground robotics, and private mission-critical networks [2]. Group 2: Revenue Segments - The Autonomous Solutions (OAS) segment is the primary revenue driver, having expanded through acquisitions such as American Robotics and Airobotics, enabling 24/7 autonomous monitoring and data capture [3]. - Ondas Networks (ON) offers licensed private communication networks for critical infrastructure, particularly in railroads and utilities, and has a partnership with Siemens Mobility [4]. Group 3: Market Opportunities and Risks - Ondas benefits from strong secular tailwinds, including U.S. government drone purchases and sustained defense spending, alongside industrial modernization [5]. - Risks include regulatory challenges, competitor advancements, and reliance on concentrated contracts [5]. Group 4: Financial Performance - Ondas is in an early-stage growth phase with negative earnings but a cash runway of $433 million and rapidly expanding revenues, with OAS growing 3,624% year-over-year and ON growing 1,797% [5]. - The company's valuation shows an EV/revenue of 44.4, indicating high growth expectations and limited margin for error [6]. Group 5: Investment Outlook - Ondas presents a compelling opportunity for investors focused on autonomous defense and industrial automation trends, with a one-year price target of $8.50 [6].