The Joint Corp (JYNT) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Please note this event is being recorded. I would now like to turn the conference over to David Barnard of Alliance Advisors Investor Relations. Please go ahead. Speaker1 Thank you, Drew. Good afternoon, everyone. Again, this is David Barnard with Alliance Advisors Investor Relations. Joining us on the call today are President and CEO, Sanjeev Rasdan and CFO, Jake Singleton. Please note we are using a slide presentation that can b ...

Golden Entertainment (GDEN) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to Golden Entertainment First Quarter twenty twenty five Earnings Conference Call. Please note that this call is being recorded today. Now I'd like to turn the conference over to James Adams, the company's Vice President of Corporate Finance and Treasurer. Speaker1 Please go ahead, sir. Speaker2 Thank you very much, operator, and good afternoon, everyon ...

Thank you, operator. Welcome to Tecnova's first quarter twenty twenty five earnings conference call. With me on today's call are Steven Gunstream, Tecnova's President and Chief Executive Officer and Matt Lowell, Tecnova's Chief Financial Officer, who will make prepared remarks and then take your questions. As a reminder, the forward looking statements that we make during this call, including those regarding business goals and expectations for the financial performance of the company, are subject to risks an ...

Nerdy (NRDY) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good afternoon, and thank you for attending the Nerdy Incorporated Q1 twenty twenty five Earnings Call. My name is Jason, and I'll be the moderator today. I would now like to pass the conference over to your host, DJ Lin, Associate General Counsel of Nerdy. You may proceed. Speaker1 Good afternoon, and thank you for joining us for Nerdy's first quarter twenty twenty five earnings call. With me are Chuck Cone, Donner, Chairman and Chief Exe ...

Karat Packaging (KRT) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good afternoon, and welcome to Carrot Packaging's twenty twenty five First Quarter Conference Call. All participants will be in a listen only mode for the duration of the call. And should you need any assistance today, please signal a conference specialist by pressing the star key followed by zero on your telephone keypad. After today's presentation, there will be an opportunity to ask questions. Please also note that this event i ...

Globalstar (GSAT) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Day, and thank you for standing by. Welcome to the Globalstar First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again. Please be advised that today's conference is being recorded. ...

Arko (ARKO) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Afternoon, ladies and gentlemen, and welcome to the Arco Corp. First Quarter twenty twenty five Earnings Conference Call. At this time, all lines are in a listen only mode. Following the presentation, we will conduct a question and answer session. This call is being recorded on Thursday, 05/08/2025. I would now like to turn the conference over to Jordan Mann, Senior Vice President, Corporate Strategy and Capital Markets, Investor Relations. ...

Financial Data and Key Metrics Changes - American Coastal Insurance reported a net income of $21.3 million, with core income at $20.7 million, a decrease of $3.7 million year-over-year due to increased policy acquisition costs [10] - The company achieved a combined ratio of 65%, aligning with its target, while the non-GAAP underlying combined ratio was 68.2% [10] - Cash and investments grew by 5.2% to $540.8 million, reflecting a strong liquidity position [11] - Stockholders' equity increased by 10.7% to $260.9 million, driven by first-quarter income, with book value per share rising to $5.4, a 10.4% increase from year-end 2024 [12] Business Line Data and Key Metrics Changes - Policies in force grew approximately 6% since year-end, with gross premiums written increasing by over 7% compared to the same period last year [4][5] - The underwriting environment for newer, well-maintained, low-rise, garden-style condos in Florida remains healthy and competitive, with the company passing on savings to policyholders through lower rates [5] Market Data and Key Metrics Changes - The Florida condominium market is facing challenges related to declining affordability and resale values, but these issues are not significantly impacting the company's business [5] - The company is focused on the inland Florida market, which is less affected by the current media attention on high-rise waterfront condos [5] Company Strategy and Development Direction - The company is increasing its catastrophe reinsurance program, with an estimated first event limit expected to rise approximately 16% year-over-year to about $1.35 billion [6] - The company is cautiously expanding into the apartment building market, averaging about 15 policies per month, with an average premium of over $100,000 [30][31] - The company aims to maintain a selective approach in the competitive apartment market while ensuring underwriting returns similar to those achieved in the condo sector [34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong reserve position and the effectiveness of its growth strategy, despite increased policy acquisition costs [10][11] - The management team highlighted the importance of maintaining rate adequacy in a competitive market, particularly in areas like Tri County [21] - The company is optimistic about its growth initiatives for 2025, supported by a strong balance sheet and favorable underwriting conditions [12] Other Important Information - The company is increasing its internal quota share from 30% to 45%, which will enhance its balance sheet and capital flexibility [40] - A profit-sharing component was added to the Amrisk management fee agreement, which is expected to benefit both parties [41] Q&A Session Summary Question: Can you explain the rate trend chart on page nine? - The average account rate has been stable, with a decrease from record high levels, currently at 97 cents, which is considered healthy relative to historical premiums [20] Question: What has changed regarding the third event cover in your reinsurance program? - The reinstatement exposure has been reduced from approximately $13 million last year to about $5 million this year, indicating a significant improvement [24] Question: How is the apartment initiative progressing? - The company has averaged about 15 policies per month in the apartment initiative, with premiums aligning with targets, although the market is competitive [30][34] Question: What are the plans for quota sharing going forward? - The external quota share will be 15% from June 1, 2025, to May 31, 2026, with potential for further reductions depending on reinsurance costs and availability [38] Question: Can you discuss the changes to the Amrisk management fee? - The management fee has increased by 1% of premium written, with most of the increase passed on to producers to maintain revenue levels in a softening market [42]

Veritone (VERI) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Thank you, and good afternoon. After the market closed today, Veritone issued a press release announcing results for the first quarter twenty twenty five ending 03/31/2025. The press release and other supplemental information are available on the Investor Relations section of Veritone's website. Joining us for today's call are Veritone's President and Chief Executive Officer, Ryan Stielberg and Chief Financial Officer, Mike Zometra, who ...

News (NWS) Q3 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Welcome to the News Corp's Third Quarter Fiscal twenty twenty five earnings conference call. Today's conference is being recorded. Media will be allowed on a listen only basis. At this time, I'd like to turn the conference over to Michael Floren, senior vice president and head of investor relations. Please go ahead. Speaker1 Thank you very much, operator. Hello, everyone, and welcome to News Corp's fiscal third quarter two thousand twenty fi ...