Summary of Xperi (XPER) FY Conference Call - August 27, 2025 Company Overview - Xperi is a technology and solutions provider operating in markets such as connected car, pay TV, consumer electronics, and media platforms, leveraging brands like TiVo, DTS, and IMAX Enhanced [2][4] Core Business Segments 1. **Pay TV** - Xperi provides software and services to cable operators, including interactive programming guides and personalized content discovery [2][3] - Revenue model primarily based on subscriber fees from cable operators in North America and Latin America [3] 2. **Consumer Electronics** - Focuses on audio licensing through DTS, one of the major audio licensors globally [3] - Revenue generated from per unit licensing fees for embedding solutions in various devices [3] 3. **Connected Car** - Offers HD Radio, the sole digital terrestrial radio standard in North America, with licensing fees on a per car basis [4] - Recently developed AutoStage for in-cabin entertainment, targeting advanced advertising and monetization [4][15] 4. **Media Platform** - Developed TiVo OS for smart TVs, focusing on content aggregation and monetization through advertising [5][10] - The TiVo One ad platform connects smart TVs and set-top boxes to monetize consumer engagement [9][10] Growth Potential - The media platform segment is expected to drive significant growth, with a goal of reaching 5 million monthly active users and a $10 average revenue per user (ARPU) [14] - IPTV subscriber growth over 30% in North America and Latin America, with a target of 3 million subscribers by year-end [16] - New product Clear Dialogue, an AI-based dialogue enhancement technology, set to launch in the first half of next year [17] Financial Performance - Revenue for Q3 showed a decline due to minimum guarantees from the previous year, but operating expenses decreased significantly, leading to a slight increase in adjusted EBITDA year-over-year [24][25] - Cash flow is expected to be neutral for the year, with a revenue goal set between $440 million and $460 million [26][27] - Adjusted EBITDA margin target revised to 15-17% due to macroeconomic impacts [27] Strategic Outlook - Xperi aims to build a durable competitive position through its technology-centric business model, leveraging decades of expertise and channel relationships [30] - The company is focused on driving growth in media consumption and enhancing advertiser reach through its platforms [29][30] Key Highlights - Xperi has signed new OEM programs for AutoStage, expanding its footprint in the connected car market [15] - The company has added 80 new broadcasters to support HD Radio, enhancing its automotive ecosystem [15] - Continued relevance of DTS sound technology with contract renewals from major brands like Sony and TCL [16] Conclusion - Xperi is well-positioned for future growth across its diverse business segments, with a strong focus on monetization strategies and technological innovation [30][31]

Key Takeaways ScanSource posted Q4 adjusted EPS of $1.02, rising 28% y/y and surpassing estimates.Quarterly revenues rose 8.9% to $813M, driven by 12.2% growth in the United States and Canada.For FY26, ScanSource guides $3.1-$3.3B revenues and $150-$160M adjusted EBITDA.ScanSource, Inc. (SCSC) reported adjusted earnings of $1.02 per share in fourth-quarter fiscal 2025 (ended June 30, 2025), beating the Zacks Consensus Estimate of 91 cents. The bottom line improved 28% from the prior-year quarter’s earnings ...

Core Viewpoint - CSPI reported strong revenue growth in its fiscal third quarter, driven by the Technology Solutions segment and the AZT PROTECT cybersecurity solution, despite facing margin pressures and a modest net loss [12]. Revenue & Earnings Performances - CSPI generated revenues of $15.4 million for the quarter ended June 30, 2025, an 18% increase from $13.1 million in the same period last year [2]. - Product sales rose 29% to $10.2 million, while service revenues increased marginally to $5.3 million [2]. - Gross profit decreased to $4.5 million from $4.6 million, with margins contracting to 29% from 34% due to a higher mix of product revenues and increased component costs [2]. - The company reported a net loss of $0.3 million, or 3 cents per share, compared to a net loss of $0.2 million, or 2 cents per share, a year earlier [2]. Other Key Business Metrics - The Technology Solutions segment achieved a 20% year-over-year revenue increase, driven by strong demand for cloud services and activity in the maritime sector [3]. - The TS division secured a significant Microsoft Azure project for a Florida-based healthcare provider, highlighting CSPI's strength in managed cloud offerings [3]. High-Performance Products (HPP) - The AZT PROTECT cybersecurity solution saw momentum, with new customer deployments in the steel, concrete, and lumber industries, and follow-up contracts in South Africa [4]. - Management noted that reseller partnerships with leading Rockwell Automation distributors are transitioning from early adoption to revenue acceleration, setting the stage for broader penetration in fiscal 2026 [4]. Management Commentary - CEO Victor Dellovo emphasized a land and expand strategy, where initial deployments of AZT PROTECT serve as proof points for broader rollouts across enterprise networks [5]. - Customers reported measurable operational benefits, such as preventing system outages in critical industrial environments, indicating potential for recurring contracts as the installed base grows [5]. Financial Overview - CFO Gary Levine explained that gross margin pressure was due to product mix and higher costs, while operating expenses increased from higher sales and marketing expenditures [6]. - The company ended the quarter with $26.3 million in cash and continued share repurchases, reflecting financial flexibility despite near-term earnings softness [6]. Factors Influencing Performance - Revenue growth was strong, but profitability was limited by a higher weighting of lower-margin product revenues and additional engineering and consulting expenses for AZT PROTECT [7][8]. - Modest service revenue growth tempered the recurring revenue contribution that typically supports margin stability [8]. Future Outlook - Management expressed optimism for the fourth quarter and fiscal 2025, noting momentum in both TS and HPP segments [10]. - There is accelerating interest from resellers and international partners, which could lead to larger contract opportunities [10]. Other Developments - CSPI was added to the Russell 3000 Index, increasing its exposure to institutional investors [11]. - The company authorized a quarterly dividend of $0.03 per share, reflecting a commitment to shareholder returns [11]. - CSPI repurchased over 19,000 shares for $0.3 million, with additional shares available under the 2021 repurchase program [11].

Core Insights - The report highlights a significant gap between business ambitions and IT readiness, raising concerns about wasted investments and cybersecurity risks [1][4][5] - Organizations are increasingly recognizing the importance of emerging technologies like generative AI and agentic AI for long-term success, with 73% of executives viewing agentic AI as critical [4][7] - Despite intentions to invest more in generative AI, only 36% of organizations feel prepared to support large-scale AI workloads [7][8] Investment Trends - 78% of organizations plan to increase their investment in generative AI, reflecting growing confidence in its potential [4][7] - 82% of innovation leaders are allocating over 6% of their IT budgets to generative AI-enabled data management [4] - Three-quarters of business executives are increasing investments in cloud, automation, and generative AI despite dissatisfaction with current ROI [7] Infrastructure Challenges - Many organizations are still operating on outdated infrastructure, which hampers the adoption of AI and quantum computing [5][6] - Only 36% of organizations feel confident in their ability to support large-scale generative AI workloads, with even lower readiness for quantum computing (32%) and edge computing (34%) [5][7] - The lack of alignment between business and IT priorities remains a significant challenge [5][6] Cybersecurity Concerns - 85% of organizations describe their cybersecurity posture as reactive, exposing them to serious security risks [8][9] - 17% of organizations experienced a breach in the past year, with downtime costs reaching up to $500,000 per hour [8] - Only 14% of business executives believe their systems are prepared for post-quantum cryptography, highlighting a critical vulnerability [8][9] Strategic Shifts - 62% of business executives are adopting or planning to adopt Zero Trust models, indicating a shift towards more proactive cybersecurity strategies [9] - 61% prioritize cyber recovery, while only 43% have implemented AI-based cybersecurity measures, suggesting room for improvement [9]

Trondheim, 14 August 2025: In the second quarter, NORBIT recorded revenues of NOK 684.4 million, an increase of 63 per cent from the corresponding quarter of 2024. The EBIT result was NOK 174.2 million, representing a margin of 25 per cent. Diluted earnings per share were NOK 2.06 for the second quarter, up from NOK 1.20 one year earlier. * The Oceans segment delivered revenues of NOK 239.4 million, an increase of 22 per cent from the same quarter in 2024 supported by strong sonar sales. The EBIT margin was ...

Core Viewpoint - Neonode Inc. reported a decline in revenues primarily due to challenges in its legacy business, particularly in the printer and automotive infotainment markets, while focusing on expanding business opportunities and advancing its product roadmap for future growth [4]. Financial Summary for Q2 2025 - Revenues from continuing operations were $0.6 million, a decrease of 25.2% compared to Q2 2024 [6]. - License revenues were $0.4 million, down 34.2% year-over-year, attributed to lower demand from legacy customers [6]. - Non-recurring engineering revenues increased by 4.3% to $0.2 million compared to the same period in 2024 [7]. - Operating expenses rose to $2.7 million, a 5.3% increase from Q2 2024 [7]. - The loss from continuing operations was $2.0 million, or $0.12 per share, compared to a loss of $1.7 million, or $0.11 per share in Q2 2024 [8]. Financial Summary for H1 2025 - Revenues from continuing operations totaled $1.1 million, a decrease of 31.1% compared to H1 2024 [9]. - Operating expenses were $5.2 million, a slight decrease of 1.5% from the same period last year [9]. - The loss from continuing operations was $3.8 million, or $0.23 per share, compared to a loss of $3.4 million, or $0.22 per share in H1 2024 [9]. Cash Flow and Financial Position - Cash used by operations in Q2 2025 was $1.7 million, up from $1.2 million in Q2 2024, mainly due to lower net loss and reduced component purchases [10]. - As of June 30, 2025, cash and accounts receivable were $13.6 million, down from $17.2 million as of December 31, 2024 [11]. - Working capital for continuing operations was $12.1 million, compared to $16.1 million at the end of 2024 [11].

Core Insights - ePlus reported Q1 FY2026 results with GAAP revenue of $637.3 million, exceeding analyst estimates of $523.9 million, and Non-GAAP EPS of $1.26, surpassing expectations of $1.06, marking significant year-over-year growth [1][2] - The company set all-time quarterly records for gross billings and net sales, driven by broad-based revenue expansion primarily from services [1] - ePlus initiated its first-ever quarterly dividend and launched a new share repurchase program, enhancing its capital return profile [1][10] Financial Performance - Non-GAAP EPS increased by 24.8% year-over-year to $1.26, while GAAP revenue rose by 19.0% compared to the previous year [2] - Adjusted EBITDA reached $46.7 million, reflecting a 19.4% increase from $39.1 million in Q1 FY25 [2] - Gross profit was $148.2 million, up 16.8% from $126.9 million a year earlier [2] Business Model and Focus - ePlus provides a range of technology solutions including consulting, cloud, security, managed services, and IT infrastructure products, targeting commercial, healthcare, education, and government sectors [3] - The company has formed strategic partnerships with major technology vendors like AWS, Cisco, Microsoft, and VMware to offer multi-vendor solutions [3] Service and Product Performance - Services revenue surged by 48.8% year-over-year to $116.3 million, with professional services nearly doubling, increasing by 92.4% [5] - Cloud-related net sales climbed 50.8% to $206.996 million, while security product sales advanced by 27.3% [6] - However, networking and collaboration product sales declined by 7.0% and 43.7%, respectively, indicating a shift in customer demand [6] Strategic Actions - ePlus completed the sale of its financing business to focus on higher-growth technology solutions, marking its transition to a pure technology solutions company [4][10] - The company reduced inventory by 16.1% compared to Q4 FY2025, while trade receivables increased by 35.6% [10] Outlook - For fiscal 2026, ePlus raised its financial outlook, expecting net sales and gross profit to grow in the upper single-digit percentage range, with adjusted EBITDA projected to rise in the mid-teens [12] - Strong demand in cloud, security, and data center markets is anticipated to continue driving growth [12]

The Zacks Consensus Estimate for revenues is $5.5 billion, indicating 1.6% growth from the prior-year quarter. The Vernon Hills-based company, known for offering a wide range of technology solutions to business, government, education and healthcare clients, has historically shown resilient top- and bottom-line performance even during volatile cycles. The consensus estimate for earnings is pegged at $2.49 per share, raised once in the past 30 days, indicating a 0.4% decline from the year-ago quarter's report ...

Please refer to the accompanying financial tables for a reconciliation of the GAAP to non-GAAP measures presented, except for financial guidance since such a reconciliation is not practicable without unreasonable effort. | (In millions, except numbers presented as percentages) | 2Q25 2Q24 YTD25 YTD24 | | --- | --- | | Revenue | $483.3 $478.2 $915.4 $966.0 | | YoY revenue change | 1.1 % (5.2) % | | YoY revenue change in constant currency | 1.0 % (3.8) % | | Ex-L&S revenue | $395.7 $396.1 $756.7 $790.7 | | Yo ...

Core Viewpoint - Treasure Global Inc. has signed a Memorandum of Understanding (MoU) with iSynergy Group Limited to establish a strategic partnership aimed at developing AI-powered cloud infrastructure across Southeast Asia [1][4]. Group 1: Partnership Details - The collaboration will focus on the sale and acquisition of advanced AI-driven graphics processing units (GPUs) as the foundational technology for the AI cloud infrastructure [2]. - The partnership aims to co-develop AI-powered cloud solutions tailored for enterprises, SMEs, and public sector entities, while also exploring joint go-to-market strategies and technical integration with iSynergy's blockchain platforms [3]. Group 2: Market Potential - The global AI cloud infrastructure market is projected to exceed USD 60 billion by 2025, with a compound annual growth rate (CAGR) of 26.6% through 2034, highlighting Southeast Asia as a high-potential market [6]. - The Asia-Pacific blockchain market is expected to grow from USD 4.5 billion in 2023 to over USD 35 billion by 2030, indicating significant opportunities for the partnership in high-growth sectors [7]. Group 3: Company Background - Treasure Global is a Malaysia-based technology solutions provider specializing in digital transformation platforms, with its flagship product being the ZCITY Super App, which has attracted over 2.9 million registered users as of March 2025 [9]. - iSynergy Group is a digital commerce and blockchain solutions provider, empowering gig workers and businesses through innovative tools in digital engagement and blockchain rewards [11].