FORWARD LOOKING STATEMENTS This presentation includes forward looking statements regarding PTC's future financial performance, strategic outlook and expectations, anticipated future operations, expected effects of strategic investments and initiatives, and share repurchase expectations. Because such statements deal with future events, actual results may differ materially from those projected in the forward-looking statements. Information about factors that could cause actual results to differ materially fro ...

WaterBridge Earnings Presentation Fourth Quarter and Fiscal Year 2025 Disclaimers Forward-Looking Statements The information in this presentation includes "forward-looking statements" within the meaning of U.S. Federal securities laws. All statements, other than statements of historical fact included in this presentation, regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, commercial opportunities, plans and objectives of management are forward-look ...

Financial Data and Key Metrics Changes - Revenue for Q4 2025 was $116 million, down from $136.8 million in Q4 2024, primarily due to new state regulations and compliance standards [9][10] - Full year revenue increased by 7% to $615 million, driven by kiosk expansion and growth in median transaction size [10] - Gross profit for Q4 2025 was $15.3 million, compared to $23.5 million in Q4 2024, with a gross margin of 13.2% [10][11] - GAAP net loss for Q4 2025 was $24.9 million, compared to a net income of $5.4 million in Q4 2024 [11] - Adjusted EBITDA for Q4 was $1.6 million, down from $13 million in the prior year, while full year adjusted EBITDA increased by 42% to $56.4 million [12] Business Line Data and Key Metrics Changes - The number of installed kiosks at the end of 2025 was 9,721, up 15% from the end of 2024 [10] - Median transaction size grew to $400, up 43% from the end of 2024 [10] - The company completed the transition of assets from National Bitcoin ATM, adding over 500 kiosks to its network [5] Market Data and Key Metrics Changes - The company ended Q4 with approximately 9,700 active machines, reflecting both organic growth and targeted acquisitions [4] - The company expects continued regulatory activity at the state level in 2026, which may introduce additional transaction limits [7] Company Strategy and Development Direction - The company is diversifying beyond Bitcoin ATMs by leveraging its payment infrastructure and compliance capabilities, with recent acquisitions including a peer-to-peer social betting platform and a business advance platform [8] - The company aims to adapt to regulatory changes while focusing on cost containment and fleet optimization [15] Management's Comments on Operating Environment and Future Outlook - Management anticipates a challenging year in 2026 for the core Bitcoin ATM business, expecting revenue to decline between 30%-40% year-over-year due to regulatory changes [15] - The company believes that the regulatory measures will ultimately raise industry standards and reinforce its advantages in compliance and scale [7] Other Important Information - Cash and cash equivalents increased to $76.6 million as of December 31, 2025, compared to $31.0 million at the end of 2024 [13] - The company completed a $15 million registered direct offering of its Class A common stock during Q4 [13] Q&A Session Summary Question: Can you unpack the 2026 revenue guidance and underlying kiosk growth assumptions? - Management indicated that the revenue decline is uncertain due to potential regulatory changes, with kiosk numbers likely remaining flat or slightly down [18] Question: How do you envision new Bitcoin ATM regulations changing the M&A landscape? - Management stated that they may be opportunistic in M&A depending on how competitors react to regulatory changes, but they are not actively seeking acquisitions [21] Question: What is the regulatory landscape expected to look like by the end of 2026? - Management believes that 80%-90% of states will have decided on their regulatory stance by the end of 2026, with less activity expected in 2027 [25] Question: How do regulatory actions affect views on international markets? - Management noted that international markets do not currently show similar regulatory issues as the U.S. and they are actively working on expansion in two more countries [26]

Financial Data and Key Metrics Changes - Revenue for Q4 2025 was $116 million, down from $136.8 million in Q4 2024, primarily due to new state regulations and enhanced compliance standards [9] - Full year revenue increased by 7% to $615 million, driven by kiosk expansion and growth in median transaction size [9] - Gross profit for Q4 2025 was $15.3 million, compared to $23.5 million in Q4 2024, with a gross margin of 13.2% [10] - GAAP net loss for Q4 2025 was $24.9 million, compared to a net income of $5.4 million in Q4 2024 [11] - Adjusted EBITDA for Q4 was $1.6 million, down from $13 million in the prior year, while full year adjusted EBITDA increased by 42% to $56.4 million [12] Business Line Data and Key Metrics Changes - The number of installed kiosks at the end of 2025 was 9,721, up 15% from the end of 2024 [10] - Median transaction size grew to $400, up 43% from the end of 2024 [10] - The company completed the transition of assets from National Bitcoin ATM, adding over 500 kiosks to its network [5] Market Data and Key Metrics Changes - The company ended Q4 with approximately 9,700 active machines, reflecting both organic growth and targeted acquisitions [4] - The company expects continued regulatory activity at the state level in 2026, which may introduce additional transaction limits [6] Company Strategy and Development Direction - The company is diversifying beyond Bitcoin ATMs by leveraging existing payment infrastructure and compliance capabilities [8] - Recent acquisitions include Kutt, a peer-to-peer social betting platform, and the launch of ReadyBucks, a standalone business advance platform [8] - The company aims to adapt to regulatory changes while focusing on cost containment and fleet optimization [15] Management's Comments on Operating Environment and Future Outlook - Management anticipates a challenging year in 2026 for the core Bitcoin ATM business, expecting revenue to decline by 30%-40% year-over-year [15] - The company believes that regulatory measures will ultimately raise industry standards and reinforce compliance advantages [6] Other Important Information - Cash, cash equivalents, and cryptocurrencies increased to $76.6 million as of December 31, 2025, compared to $31.0 million at the end of 2024 [12] - Debt at the end of Q4 2025 was $62.5 million, up from $60.9 million at the end of 2024 [13] Q&A Session Summary Question: Can you unpack the 2026 revenue guidance and underlying kiosk growth assumptions? - Management indicated that the revenue decline is uncertain due to potential regulatory changes, with kiosk numbers likely remaining flat or slightly down [18] Question: How will new Bitcoin ATM regulations affect the M&A landscape? - Management stated that they may be opportunistic in M&A depending on how competitors react to regulatory changes, but are not actively seeking acquisitions [20] Question: What is the expected regulatory landscape by the end of 2026? - Management believes that 80%-90% of states will have established their regulatory stance by the end of 2026, with less activity expected in 2027 [25] Question: How do regulatory actions in the U.S. affect international market ambitions? - Management noted that international markets do not currently exhibit the same regulatory issues as the U.S. and they are still pursuing expansion in two additional countries [26]

Summary of TransMedics Group FY Conference Call Company Overview - **Company**: TransMedics Group (NasdaqGM:TMDX) - **Industry**: Medical Devices, specifically focused on organ transplantation Key Points and Arguments 1. Integrated Contribution to Transplant Ecosystem - TransMedics is exploring becoming a more integrated contributor to the national transplant ecosystem, indicating a shift from being solely a medical device company to a broader role in organ procurement and transplantation logistics [3][4][6] 2. National Organ Procurement Infrastructure - The company has established the first national organ procurement infrastructure, known as the NOP, which has significantly improved organ transplantation success rates in the U.S. [5][6] - The NOP now includes over 50 transplant surgeons and 240 clinical specialists operating from 18 hubs, managing nearly 30% of the nation's organ transplantation volume [6] 3. Regulatory Engagement and Future Plans - TransMedics aims to become a member of the Organ Procurement and Transplantation Network (OPTN) to further enhance its role in the transplant ecosystem [6][7] - Regulatory decisions regarding this integration are expected by the end of 2026, with potential implementation in 2027 [16] 4. Competitive Dynamics - The company is confident in its competitive position, emphasizing the importance of high-level clinical evidence and criticizing competitors for lacking prospective randomized clinical trials [18][19] - TransMedics is focused on maintaining a fair competitive environment and generating robust clinical evidence for its products [19][22] 5. International Expansion - TransMedics is actively investing in Europe, with plans to establish a dedicated air and ground transportation network for organ procurement [31][32] - The company is also exploring opportunities in the Gulf Cooperation Council (GCC) region, although these are impacted by geopolitical factors [32] 6. Fuel Price Management - The company has a strategy to manage fuel price fluctuations through a transparent fuel surcharge mechanism, ensuring cost-effectiveness for transplant programs [33][41] 7. Clinical Trials and Product Development - TransMedics is excited about its kidney transplantation program, which is expected to be the largest initiative to date, with potential simultaneous clinical trials in the U.S. and Europe [44][45] - The company is also working on the de novo product and is in discussions with the FDA regarding trial designs [28][29] 8. Operational Updates - The company is transitioning to a new facility in Somerville, with plans to move part of the organization by the end of 2026 and complete the transition by early 2028 [48] 9. Future Outlook - TransMedics remains optimistic about its growth potential, citing ongoing initiatives in ENHANCE and de novo, as well as the significant opportunity in the kidney market [54][55] - The company is focused on execution and has a strong pipeline of products, including upcoming Gen III technology [55] Additional Important Content - The call highlighted the importance of maintaining focus amidst external noise and emphasized the company's commitment to execution and innovation in the organ transplantation space [54][55]

SECOND QUARTER 2026 FINANCIAL RESULTS March 16, 2026 IMPORTANT NOTICE AND DISCLAIMERS Cautionary Note Regarding Forward-Looking Statements This presentation and accompanying webcast contain forward-looking statements that are based on our management's beliefs, expectations and assumptions and currently available information. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, technology developments, financing and investment pl ...

Fourth Quarter and Full-Year 2025 Earnings Presentation March 2026 Disclaimer For the purposes of this notice, the "presentation" that follows shall mean and include the slides that follow, the oral presentation of the slides by members of management of OPAL Fuels Inc. (the "Company" or "OPAL Fuels") or any person on their behalf and the question-and-answer session that follows that oral presentation. By reading the presentation slides, you will be deemed to have (i) agreed to the following limitations and ...

Financial Data and Key Metrics Changes - Revenue increased 77% year-over-year to $46.8 million, exceeding guidance of $44 million-$46.3 million [7] - Adjusted EBITDA was $7.3 million, surpassing guidance of $4-$5.7 million, with an Adjusted EBITDA margin of 15.6% [10] - Full year 2025 revenue increased 52% to $164.8 million, with Adjusted EBITDA of $18.1 million, representing a $27.8 million improvement year-over-year [11] - Free cash flow was $21.3 million, a $61 million improvement year-over-year, with a free cash flow margin of 12.9% [12] Business Line Data and Key Metrics Changes - The Telos ID business drove significant revenue growth, particularly from the TSA PreCheck program [17] - Secure Networks segment experienced a $14.9 million non-cash goodwill impairment due to a decline in contract backlog [8] - Cash gross margin for the quarter was 35%, improving to 36% when excluding certain charges, while cash gross margin was 41.9% [9] Market Data and Key Metrics Changes - Over 90% of revenue comes from government contracts, including the Department of Defense and other federal agencies [18] - The company’s pipeline remains strong at over $4.2 billion, with 20% of that value expected to be awarded in the first half of 2026 [20] Company Strategy and Development Direction - The company plans to continue focusing on disciplined program execution and operating expense management to drive growth and margin expansion [6] - A company-wide restructuring plan was approved to streamline operations and position for growth in 2026 [8] - The board increased share repurchase authorization from $50 million to $75 million to support capital deployment [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the durability of revenue due to well-funded government programs tied to national security and compliance [19] - The company expects another year of double-digit revenue growth in 2026, forecasting revenue growth of 14%-21% year-over-year [13] - Management acknowledged heightened scrutiny in federal spending but noted that the programs supported remain operationally essential [19] Other Important Information - The company returned $13.6 million to shareholders through share repurchases in 2025 [12] - Adjusted operating expenses are expected to decline in 2026, even as revenue continues to grow [8] Q&A Session Summary Question: Initial guidance for the year and pipeline opportunities - Management noted that existing programs are driving growth, with the confidential IT security work expanding and the IT GEMS program ramping up [26][27] Question: Gross margin assumptions for the year - Management explained that gross margin compression is due to the growth of lower-margin revenue streams and the recognition of prepaid expenses [31][33] Question: Contribution of Xacta to revenue and renewal rates - Renewal rates for Xacta are excellent, with minimal revenue loss typically experienced [39] Question: Pipeline and large contract contributions - A significant portion of the revenue growth is tied to a large DMDC contract, contributing roughly a third of the improvement from previous outlooks [45] Question: Strategies to maintain cash gross margin - Management indicated that gross margins will fluctuate based on revenue mix, but they expect to maintain a solid cash gross margin profile [50][51]

FINANCIAL RESULTS FY26 4Q SUPPLEMENTAL FINANCIAL PRESENTATION MARCH 16, 2026 SAIC PROPRIETARY INFORMATION I © SAIC. ALL RIGHTS RESERVED FORWARD LOOKING STATEMENTS Certain statements in this presentation are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and similar expressions identify forward-looking statements in this ...

Investor Presentation Q4 2025 Disclaimer For the purposes of this notice, this "presentation" will mean and include the slides, any oral presentation of the slides by members of management of Bitcoin Depot Inc. (together with its subsidiary, Bitcoin Depot Operating LLC (f/k/a Lux Vending, LLC d/b/a Bitcoin Depot), (the "Company") or any person on their behalf, any question-and-answer session that follows that oral presentation, hard copies of this document and any materials distributed at, or in connection ...