This presentation contains statistical data that we obtained from industry publications and reports generated by third parties. Although we believe that the publications and reports are reliable, we have not independently verified this statistical data. Q2 Fiscal 2026 Investor Presentation Safe Harbor Statement This presentation is for informational purposes only and is not an offer to sell securities or a solicitation of an offer to buy any securities, and may not be relied upon in connection with the purc ...

Core Insights - Paylocity Holding Corporation reported strong financial results for the second quarter of fiscal year 2026, continuing the momentum from Q1 and increasing revenue and profitability guidance for the fiscal year [2][3]. Financial Performance - Total revenue for Q2 2026 was $416.1 million, representing a 10.4% increase year-over-year, while recurring and other revenue was $387.0 million, up 11.3% from the previous year [7][8]. - GAAP operating income reached $70.4 million, compared to $46.6 million in Q2 2025, and non-GAAP operating income was $119.1 million, up from $101.1 million [3][4]. - GAAP net income was $50.2 million or $0.92 per share, an increase from $37.5 million or $0.66 per share in Q2 2025 [4][25]. Cash Flow and Balance Sheet - The company reported a free cash flow margin of 23.6% for the trailing twelve months, with free cash flow totaling $396.9 million, up from $315.1 million the previous year [7][16]. - Cash and cash equivalents stood at $162.5 million as of December 31, 2025, with long-term debt totaling $81.3 million [9][16]. Business Outlook - For Q3 2026, Paylocity expects recurring and other revenue to be in the range of $457.5 million to $462.5 million, indicating approximately 9%-10% growth over the same quarter in fiscal year 2025 [17]. - Total revenue guidance for fiscal year 2026 is projected to be between $1.732 billion and $1.742 billion, reflecting approximately 9% growth compared to fiscal year 2025 [17].

Core Insights - General Dynamics Corporation (GD) is a leading U.S. aerospace and defense company with a market cap of $95.6 billion, operating in four main segments: Aerospace, Marine Systems, Combat Systems, and Technologies, providing a wide range of products and services for military and government clients globally [1] Financial Performance - Analysts anticipate GD will report a fiscal fourth-quarter earnings per share (EPS) of $4.12, slightly down from $4.15 in the same quarter last year, with the company having exceeded consensus estimates in the last four quarters [2] - For FY2025, EPS is projected to be $15.40, reflecting a 13% increase from $13.63 in FY2024, with further growth expected to $17.19 in FY2026, an 11.6% year-over-year rise [3] Stock Performance - GD shares have increased by 35.4% over the past year, outperforming the S&P 500 Index's 17.7% and the Industrial Select Sector SPDR Fund's 21.9% gains during the same period [4] Market Reactions - On January 8, GD shares rose by 3.1% following President Trump's proposal for a significant increase in the U.S. military budget for 2027, which is expected to boost government spending and contract awards in the defense sector [5] Analyst Ratings - The consensus opinion on GD stock is moderately bullish, with a "Moderate Buy" rating. Among 23 analysts, 12 recommend a "Strong Buy," 10 suggest a "Hold," and one advises a "Strong Sell." The mean price target of $379.80 indicates a potential upside of 7.3% from current market prices [6]

Financial Performance & Growth - Total revenue has shown consistent growth, from $1.175 billion in FY23 to $1.723 billion in FY26 (guidance)[9] - The company targets $3 billion in total revenue in the long term[60] - Adjusted EBITDA margin has increased from 27.2% in FY23 to 31.6% in FY26 (guidance)[63] - The company has driven approximately 400bps of Adjusted EBITDA margin leverage since FY23[64] - Free Cash Flow (FCF) margin has also increased, reaching 14.9% in FY25[66] Market & Product Strategy - The company estimates a Realized HCM Total Addressable Market (TAM) of approximately $22.0 billion[12] - The company has penetrated approximately 3% of its addressable market[13] - Over 25% of new client revenue comes from referrals from channels[52] - The company focuses on a target market of roughly 1.3 million businesses[18] Client Retention - The company maintains a strong net revenue retention rate of over 92%[45, 53, 54]

Company Overview - NTG Clarity Networks Inc. aims to be a global leader in digital transformation solutions, providing software, networking, and IT solutions to large enterprises since its establishment in 1992 [5] - The company employs over 1,300 IT and network professionals who offer design, engineering, implementation, software development, and security expertise [5] Event Participation - NTG Clarity will present at the Annual Smallcap Discoveries Conference in Vancouver on September 29, 2025, focusing on its growth in the Middle Eastern digital transformation sector [1][3] - The presentation is scheduled for 1:45 PM PT, and interested investors can contact the event coordinator for meetings [3] Conference Details - The Smallcap Discoveries Conference will take place on September 29-30, 2025, at the Parq Hotel and Casino in Vancouver, featuring company presentations, keynote sessions, and one-on-one meetings [2][3] - The event aims to strengthen Canada's microcap ecosystem by fostering connections and improving access to capital for under-followed companies [2]

Core Insights - Paylocity Holding Corporation (PCTY) is facing challenges, including a 12% year-to-date decline and competitive pressures from acquisitions in the industry, notably Thoma Bravo's $12.3 billion acquisition of Dayforce [2][4] - Citizens JMP has reaffirmed a 'Market Outperform' rating for PCTY with a price target of $270, highlighting the company's strong market position and growth potential despite current challenges [2] - PCTY has entered a multi-year sponsorship with the Chicago Bulls, becoming the team's Official HCM Software Partner, which will enhance its brand visibility and community engagement [3] Company Overview - Paylocity provides cloud-based HR, finance, and IT solutions aimed at automating processes and enhancing workplace culture, which helps businesses attract, retain, and empower employees [4] - The company is currently listed among stocks recommended for sale, indicating potential concerns regarding its investment attractiveness compared to other sectors, particularly AI stocks [4][5]