Financial Performance - Total revenue decreased by 11% year-over-year to $36.2 million, primarily due to a strategic shift away from hardware-led growth [6, 9] - SaaS revenue grew by 7% year-over-year to $14.2 million, representing 39% of total revenue [4, 10, 13, 19] - Annual Recurring Revenue (ARR) increased by 7% year-over-year to $56.9 million [4, 6, 19] - Net loss improved by $3.6 million year-over-year, from $(9.9) million to $(6.3) million [6] - Adjusted EBITDA improved by $0.9 million year-over-year to $(2.9) million [6] - The company maintains a strong cash balance of $100 million with no debt and a $75 million credit facility [4, 6, 21] Operational Metrics - Units deployed increased by 11% year-over-year to approximately 870,000 units [4, 6, 15, 22] - Customer Net Revenue Retention is greater than 100%, indicating strong customer loyalty [4, 15, 19] - Customer Churn is 0.05%, demonstrating high customer retention [4, 15, 19] Strategic Initiatives - The company completed a $30 million cost reduction plan, positioning it for run-rate neutrality exiting 2025 [4, 20] - The company is focused on shifting away from hardware-only sales towards a recurring revenue model [4, 7, 13]

Group 1: Sharplink Gaming - Sharplink Gaming Inc. is a sports betting and affiliate marketing firm that has recently made significant investments in the cryptocurrency space, particularly Ethereum [4][5] - The company raised over $2.6 billion to invest in 700,000 ETH, positioning itself as one of the largest publicly traded Ethereum treasury firms [5] - Analysts have set a 12-month stock price forecast for Sharplink at $45, indicating a potential upside of 227.89% from the current price of $13.72 [4][7] Group 2: Townsquare Media - Townsquare Media Inc. operates over 300 radio stations and has pivoted towards digital solutions, which now account for 55% of its revenue [9][10] - The company has a 12-month stock price forecast of $17, representing a 165.42% upside from the current price of $6.41, with a high forecast of $21 [9][11] - Townsquare offers a substantial dividend yield of 12.55% and has a low P/E ratio of 3.14, making it an attractive investment opportunity [10][11] Group 3: Synchronoss Technologies - Synchronoss Technologies Inc. is a microcap firm focusing on cloud-based software solutions, with nearly 93% of its revenue coming from recurring SaaS [12][13] - Analysts project a 12-month stock price forecast of $13, indicating a potential upside of 152.18% from the current price of $5.16 [12][14] - The company is expected to continue growing its client base and aims for sustained profitability, making it a high-risk, high-reward investment [13][14]

Market Overview - The combined global market surpassed $32 billion for the first time in 3Q25[10] - XaaS (Everything-as-a-Service) had its best quarter ever, growing 31% year-over-year in 3Q25[10] - Managed services declined 2% year-over-year in 3Q25, marking the first decline in six quarters[10] - The combined market ACV (Annual Contract Value) is up $14 billion year-to-date compared to 2024[10] - XaaS ACV growth is at 29% year-to-date, an increase from 11% growth in 2024[10] Managed Services Breakdown - ITO (IT Outsourcing) results show ACV up 5% year-over-year, with the number of awards up 4%[19] - Engineering ACV is up 59% year-over-year, with the number of awards up 46% year-over-year in 3Q25[26] - BPO (Business Process Outsourcing) results show ACV down 16% year-over-year in 3Q25 and down 22% year-to-date[28] Regional Performance (Managed Services) - Americas ACV is up 15% year-to-date, driven by gains in ITO, ER&D, and BFSI (Banking, Financial Services and Insurance)[80] - EMEA (Europe, Middle East and Africa) ACV is down 8% year-to-date, with mega deals down 33% and BFSI down 12%[47] - Asia Pacific ACV is down 26% year-to-date, with most geographic markets down except for India[47] As-a-Service (XaaS) - SaaS (Software-as-a-Service) ACV is up 18% year-over-year in 3Q25 and 16% year-to-date[55] - IaaS (Infrastructure-as-a-Service) ACV is up 35% year-over-year in 3Q25 and 33% year-to-date[61]

Macro Dynamics - The current year has been characterized by significant macroeconomic fluctuations, impacting the overall business environment [1] - The company is experiencing various internal changes that are compounding the effects of these macro dynamics [1] Micro Dynamics - The company is nearing the completion of its transition to a Software as a Service (SaaS) model, which is a critical aspect of its business strategy [2] - There have been developments in sales organization and incentive structures that are evolving alongside the SaaS transition [1]

Financial Performance - Total revenues reached $596.1 million, a 10.2% increase year-over-year[17] - SaaS revenues grew to $189.6 million, up by 21.5%[17] - Annual Recurring Revenue (ARR) increased to $2.07 billion, a 15.2% rise[17] - Non-GAAP earnings per share (EPS) increased by 21.3% to $2.91[17] - The company's non-GAAP operating margin expanded by 200 basis points to 26.5%[18] Recurring Revenue - Recurring revenues accounted for $517.2 million of total revenues[25] - Recurring revenues increased by 15.2% year-over-year[26] - Transaction revenues increased by 21.3%[26] - Maintenance revenues declined by 2.8%[26] SaaS and Flip Bookings - Total ARR of new SaaS deals reached $15.0 million in Q2 2025, a 105.8% sequential increase from Q1 2025[29] - Total ARR of new Flips deals reached $13.3 million in Q2 2025, a 10.9% sequential increase from Q1 2025[30]

OVERVIEW OF SYSTEM SALES JANUARY 18, 2024 SAFE HARBOR STATEMENT This presentation and oral statements made by management in connection herewith that are not historical facts are "forward ‐ looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. Forward ‐ looking statements involve risks and uncertainties, and actual results may differ materially from those expressed or implied by such statements. They include statements regarding current expectations, estimates, forecas ...

Core Insights - Euronext has completed the acquisition of Admincontrol for an enterprise value of NOK 4,650 million, which aligns with its capital allocation policy and is expected to yield a return on capital employed (ROCE) exceeding the weighted average cost of capital (WACC) within three to five years post-acquisition [1][2][3] Group 1: Acquisition Details - Admincontrol will be integrated into Euronext Corporate Solutions, enhancing its presence in the Nordics and the UK, and significantly scaling up Euronext's SaaS offerings [2][4] - The acquisition is expected to more than double the size of Euronext's governance offering and broaden its capabilities with advanced solutions for critical workflows [2][4] Group 2: Financial Performance - Admincontrol has demonstrated strong financial performance with double-digit annual growth over the past five years, reporting NOK 452 million in revenues and NOK 200 million in EBITDA with a 44% EBITDA margin in 2024 [3] - From Q2 2025, Admincontrol's revenue will be incorporated into Euronext's Corporate and Investor Solutions and Technology Services, which generated €170.8 million in 2024 [3] Group 3: Strategic Implications - The acquisition positions Euronext Corporate Solutions as a leader in the governance SaaS market, expanding its client base in the Nordics and leveraging Euronext's extensive network and expertise across Europe [4] - Both Euronext and Admincontrol's leadership express optimism about the growth potential and synergies that will arise from this acquisition, emphasizing the importance of excellent governance for their network of issuers and customers [4]

Financial Performance - Q4 2024 total revenue was $354 million, a 41% year-over-year decrease, primarily due to lower volumes in Units Shipped and New Units Deployed[11, 14] - Full year 2024 total revenue was $1748 million, a 26% year-over-year decrease, also due to lower New Units Deployed[15] - Q4 2024 SaaS revenue grew 17% year-over-year, reaching $516 million[11, 19] - Full year net loss was $(329) million[11] - Full year Adjusted EBITDA improved to $(99) million from $(192) million in the prior year, reflecting operational efficiencies[11] - The company repurchased approximately 30 million shares for $51 million in Q4, with $216 million remaining in the authorized program[21] - Cash reserves as of December 31, 2024, were $143 million[11, 21] Operational Metrics - Units Deployed grew by 12% year-over-year, reaching approximately 809K units at the end of 2024[11, 17] - Q4 SaaS ARPU improved from $550 in the same quarter of the prior year[11] - Customer Net Revenue Retention was 111% as of December 31, 2024[17] - Customer Churn was 007% as of December 31, 2024[17] Strategic Initiatives - The company welcomed Shane Paladin as the new CEO to lead the next phase of growth and accelerate the SaaS transformation[18]