Financial Data and Key Metrics Changes - Total revenue for Q4 Fiscal 2025 was $3.9 million, unchanged from the prior year [16] - Subscription revenue was $3.1 million, up from $3 million in the prior year, accounting for 81% of total revenue [16] - Services revenue decreased to $700,000 from $800,000, representing 19% of total revenue [16] - Gross profit was $2.5 million with a gross profit margin of 66%, while subscription gross margin was 69% [17] - Net loss remained at $400,000, with adjusted EBITDA at minus $169,000 compared to a positive $5,000 in the prior year [17] Business Line Data and Key Metrics Changes - HawkSearch Suite and its AI products contributed 58% of total revenue, amounting to $8.9 million, and over 60% of subscription revenue at $7.4 million [5] - Net revenue retention for HawkSearch was 117%, with a churn rate of less than 4% [8] - Average annual recurring revenue (ARR) per sale increased by 35% from $18,500 to $25,000 [5] - The company sold 83 licenses with a total contract value of $6.9 million, marking an 18% increase over Fiscal 2024 [6] Market Data and Key Metrics Changes - The sales pipeline grew by 65% compared to the beginning of Fiscal 2025, with a shorter sales cycle reduced from 160 days to 92 days [6][15] - The company added 28 new customers, contributing $2 million in total contract value and $700,000 in ARR [10] Company Strategy and Development Direction - The company aims to focus on core products, particularly HawkSearch, which is expected to dominate overall financials moving forward [27] - Marketing budget has been increased to $500,000 per quarter to enhance brand visibility and lead generation [12][45] - Partnerships with Unilog and Salesforce are expected to expand the total addressable market and accelerate sales cycles [13][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability and potential growth of the customer base, particularly in the B2B segment [33] - The company anticipates a reduction in the decline of legacy products by 2026, leading to stronger cumulative financials [15] - The focus will remain on product innovation, customer success, and delivering shareholder value [19] Other Important Information - The company launched six new AI-powered products in Fiscal 2025, enhancing its competitive position in the market [14] - The total assets as of September 30, 2025, were $15 million, with total liabilities of $5.8 million [18] Q&A Session Summary Question: Clarification on ARR number - The $8.9 million in ARR is specific to HawkSearch, with total cumulative revenue of $15.4 million including $12.4 million in ARR [25] Question: Future sharing of ARR metrics - The company intends to continue sharing ARR growth metrics quarterly as it becomes a significant part of overall financials [27] Question: Changes in contract length for HawkSearch - Average contract length remains consistent at around two to three years, with increased initial investments from customers [30][31] Question: Stability of non-HawkSearch revenue - Management expressed confidence in the stability of the remaining customer base, with a low churn rate [34] Question: Impact of Salesforce AppExchange on revenue - The partnership with Salesforce is expected to start impacting revenue in the upcoming quarters [39] Question: Comfort with sales and marketing spend - The current sales and marketing spend level of $1.1 million per quarter is deemed appropriate for 2026, with a focus on maximizing lead generation [44]

Financial Data and Key Metrics Changes - Total revenue for Q4 FY2025 was $3.9 million, unchanged from the prior year period [17] - Subscription revenue was $3.1 million, up from $3 million in the prior year, accounting for 81% of total revenue [17] - Gross profit was $2.5 million with a gross profit margin of 66%, while subscription gross margin was 69% [18] - Net loss remained at $400,000, with Adjusted EBITDA at minus $169,000 compared to a positive $5,000 in the prior year [18] Business Line Data and Key Metrics Changes - HawkSearch Suite and its AI products contributed 58% of total revenue, amounting to $8.9 million, and over 60% of subscription revenue at $7.4 million [5] - Net revenue retention for HawkSearch was 117%, with an 18% increase in sales over FY2024 [6][15] - Average annual recurring revenue (ARR) per sale increased by 35% from $18,500 to $25,000 [5] Market Data and Key Metrics Changes - The sales pipeline grew by 65% compared to the beginning of FY2025, with a reduction in the average sales cycle from 160 days to 92 days [6][15] - The company added 28 new customers, contributing $2 million in total contract value and $700,000 in ARR [9] Company Strategy and Development Direction - The company aims to focus on core products, particularly HawkSearch, and anticipates accelerated growth in FY2026 as the decline of legacy products is expected to end [6][15] - Marketing budget has been doubled to $500,000 per quarter to enhance brand visibility and sales lead generation [11][46] - Partnerships with Unilog and Salesforce are expected to expand the total addressable market and accelerate sales cycles [12][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of the customer base, with less than 4% churn rate for HawkSearch customers [35] - The company is optimistic about the growth potential in FY2026, driven by product innovations and strong customer satisfaction [20][52] Other Important Information - The company injected $2 million into expanding its marketing budget, which has resulted in a more efficient sales cycle and larger average sales size [10] - Six new AI-powered products were launched, enhancing the company's competitive position in the market [12][14] Q&A Session Summary Question: Clarification on ARR number - The $8.9 million in ARR is specific to HawkSearch, part of the total cumulative revenue of $15.4 million [25] Question: Future sharing of ARR metrics - The company intends to continue sharing ARR growth quarterly as it is expected to dominate overall financials moving forward [27][28] Question: Changes in contract length for HawkSearch - Average contract length remains consistent at around two to three years, with increased initial investments from customers [30][31] Question: Stability of non-HawkSearch revenue - Management expressed confidence in the stability of the remaining non-HawkSearch revenue base for FY2026 [34] Question: Impact of Salesforce AppExchange on revenue - The partnership with Salesforce is expected to start generating revenue in the upcoming quarters, with significant growth anticipated [40] Question: Comfort with sales and marketing spend - The current sales and marketing spend level of $1.1 million per quarter is deemed appropriate for 2026, with a focus on maximizing lead generation [44][46]

Financial Data and Key Metrics Changes - Revenues increased by 1% to $551.1 million in the second quarter, with operating income improving to $95 million from $78.9 million in the prior year period [21] - Adjusted EBITDA grew by 13% to $122.5 million compared to $108.7 million a year ago, while net income rose to $66.3 million from $52 million [21] - Adjusted earnings per diluted share increased to $2.57 from $1.82 last year [22] Business Line Data and Key Metrics Changes - Children's Book Publishing and Distribution revenues increased by 4% to $380.9 million, driven by strong performance in Book Fairs [22] - Book Fairs revenues were $242 million, a 5% increase due to higher fair count and increased revenue per fair [22] - Trade Publishing revenues rose by 7% to $110.4 million, supported by new releases, including the latest Dog Man title [23] - Scholastic Education segment revenues decreased to $62.2 million from $71.2 million, reflecting lower spending on supplemental curriculum products [24] Market Data and Key Metrics Changes - International segment revenues increased to $89.5 million from $86.7 million, with growth driven by new Dog Man titles and other major franchises [25] - The company anticipates modest declines in revenues and profitability in the international segment following strong performance in fiscal 2025 [25] Company Strategy and Development Direction - The company has focused on transforming into a growth-oriented, shareholder-focused entity, with significant changes in leadership and board composition [4][5] - Strategic initiatives include reorganizing core businesses, investing in growth opportunities, and implementing disciplined capital allocation [6][7] - The company aims to return nearly $500 million to shareholders through share repurchases and dividends while maintaining a strong balance sheet [6][28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the second half of Fiscal 2026, expecting revenue growth in school reading events and entertainment divisions [30] - The company remains cautiously optimistic about the education segment, anticipating improvements in the sales pipeline and federal funding [18][40] - Management highlighted the importance of adapting to market conditions and preparing for growth as the funding environment stabilizes [41][42] Other Important Information - The company closed two sale-leaseback transactions, unlocking over $400 million in net proceeds, which will be used for share repurchases and other capital allocation priorities [7][28] - The company has seen strong engagement across digital channels, with significant viewership on platforms like YouTube and the launch of Scholastic TV [16][15] Q&A Session Summary Question: Use of proceeds from the sale-leaseback transactions - Management indicated that the first step is to increase the open market share buyback authorization, with plans to return cash to shareholders [34][36] Question: Guidance on top-line revenue changes - Management noted softness in the education business due to funding issues but expects growth in book fairs to help offset this [38] Question: Trade channel sales expectations - Management confirmed that trade channel sales are expected to be in line with the previous year, despite tough comparisons due to major releases last year [39] Question: Education solutions segment performance - Management acknowledged the challenges in the education segment but expressed optimism about stabilizing the business and benefiting from seasonal spending in the spring [42]

1 22 12 1 Forward-Looking Statements and Non-GAAP Financial Measures Certain statements in this press release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act, such as statements regarding expected cost savings, the optimization of our network through Network 2.0, the planned tax-free full separation of the FedEx Freight business into a new publicly traded company (the "FedEx Freight Spin-Off"), future financial targets, business strategies, man ...

Financial Highlights - BlackBerry's Q3 FY26 revenue reached $141.8 million[8] - The adjusted gross margin was 78%[8] - Non-GAAP earnings per share were $0.05[8] - GAAP net income was $13.7 million[8], marking the third consecutive quarter of GAAP net income[9] - Adjusted EBITDA was $28.7 million[8] - Total ending cash and investments amounted to $377.5 million[8] - Operating cash flow was $17.9 million[8] - Adjusted OPEX was $85.4 million[8] Segment Performance - QNX segment revenue hit a record high of $68.7 million[13], a 10% year-over-year increase[13] - Secure Communications revenue was $67.0 million[15], exceeding guidance[15] and showing sequential growth[15] - Licensing revenue was $6.1 million[16], aligning with guidance[16] Future Outlook - The company projects total revenue of $531-$541 million for the full fiscal year 2026[18]

Financial Data and Key Metrics Changes - Total revenue for Q4 2025 was $3.9 million, unchanged from the prior year period [17] - Subscription revenue was $3.1 million, up from $3 million in the prior year, accounting for 81% of total revenue [17] - Gross profit was $2.5 million with a gross profit margin of 66%, while subscription gross margin was 69% [18] - Net loss remained at $400,000, with adjusted EBITDA at minus $169,000 compared to a positive $5,000 in the prior year [18][19] Business Line Data and Key Metrics Changes - HawkSearch Suite and its AI products contributed 58% of total revenue, amounting to $8.9 million, and over 60% of subscription revenue at $7.4 million [5] - Net revenue retention for HawkSearch was 117%, with a churn rate of less than 4% [7][26] - Average annual recurring revenue (ARR) per sale increased by 35% from $18,500 to $25,000 [5] Market Data and Key Metrics Changes - The sales pipeline grew by 65% compared to the beginning of Fiscal 2025, with a reduction in the average sales cycle from 160 days to 92 days [6][16] - 28 new customers were added, contributing $2 million in total contract value and $700,000 in ARR [10] Company Strategy and Development Direction - The company aims to focus on core product growth, particularly HawkSearch, while expecting the decline of legacy products to stabilize in 2026 [6][16] - Marketing budget has been doubled to $500,000 per quarter to enhance brand visibility and customer engagement [12][33] - Partnerships with Unilog and Salesforce are expected to expand the total addressable market and accelerate sales cycles [13][30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory for HawkSearch, anticipating it to dominate overall financials moving forward [21][23] - The company is optimistic about the impact of new product launches and AI innovations on future sales [15][28] Other Important Information - The company injected $2 million of capital to expand its marketing budget and improve sales efficiency [11] - Total assets were reported at $15 million with total liabilities of $5.8 million as of September 30, 2025 [19] Q&A Session Summary Question: Clarification on ARR number - The $8.9 million in ARR is specific to HawkSearch, with total cumulative revenue of $15.4 million including $12.4 million in ARR [21] Question: Changes in contract length - Average contract length remains consistent at around two to three years, with increased initial investments from customers [24][25] Question: Impact of Salesforce AppExchange - The partnership with Salesforce is expected to start generating revenue in the upcoming quarters, with initial sales already occurring [30] Question: Sales and marketing spend - The sales and marketing spend is set at $1.1 million per quarter, including $500,000 in ad spend, which is expected to continue into 2026 [32][33]

Business Overview - NANO Nuclear is positioned to capitalize on the global nuclear renaissance driven by the need for reliable baseload energy, energy independence, and climate mandates[10, 11] - Tech leaders are rapidly expanding nuclear capabilities to address power needs, with examples including Microsoft's investment of ~$1.6 billion in the Three Mile Island nuclear power plant and AWS's investment of over $500 million into SMR development with Dominion Energy[13] - Nuclear energy is recognized as an ideal source of baseload power to meet climate goals, with a growing global commitment to triple nuclear capacity by 2050[19] - The company highlights unprecedented bipartisan support for nuclear energy in the U S, citing the ADVANCE Act and executive orders promoting the nuclear power industry[23, 26] KRONOS MMR Technology - KRONOS MMR is differentiated by its high technology readiness level and de-risked reactor design, supported by proven high-temperature gas-cooled reactor (HTGR) design using TRISO fuel[34, 39] - The company believes KRONOS benefited from over $120 million of capital raised by its prior owner to support its development[40] - KRONOS MMR has a 15MWe/45MWt capacity, ideal for data center projects, and is designed to benefit from economies of scale through modularity and factory production[41] - The company expects to submit a construction permit application to the NRC in Q1 2026, and KRONOS MMR was the first microreactor to enter the Canadian Nuclear Safety Commission's (CNSC) Phase 1 licensing process[42] Financial Performance - Cash and cash equivalents ended FY 2025 at $203.3 million, increasing by ~$175 million from the end of FY 2024, driven by net proceeds from private placements and a follow-on offering[77] - Following an October 2025 private placement, NANO Nuclear's cash position totaled ~$580 million[77] - FY 2025 net loss of $40.1 million increased by ~$30 million year-over-year, primarily due to an increase in R&D and G&A expenses[78] - FY 2025 loss from operations increased to $46.2 million, driven by an ~$23 million increase in G&A and an ~$12 million increase in R&D[71, 76]

Company Overview - KB Home has built approximately 700,000 homes since its founding in 1957[5] - The company operates in 49 major markets across 9 states[8] - KB Home has returned over $1.9 billion to stockholders through repurchases and dividends since Q3 2021[11] Q4 2025 Financial Highlights - Housing revenues totaled $1.68 billion, a decrease of 16% compared to $1.99 billion in Q4 2024[52] - Deliveries decreased by 9% to 3,619 homes, compared to 3,978 homes in Q4 2024[52] - The average selling price decreased by 7% to $465,600, compared to $501,000 in Q4 2024[52] - Net orders decreased by 10% to 2,414, compared to 2,688 in Q4 2024[52] - Backlog value decreased by 37% to $1.40 billion, compared to $2.24 billion in Q4 2024[52] - Book value per share increased 10% to $61.75[52] Capital Allocation and Balance Sheet - The company repurchased approximately 1.6 million shares of its outstanding common stock at a total cost of $100 million during the quarter[52] - Total liquidity was $1.4 billion, including $228.6 million of cash and cash equivalents and nearly $1.2 billion of available capacity under the company's unsecured revolving credit facility[52] - Share repurchases totaled $538 million in 2025[41]

Financial Performance - Total revenue reached $319 million, a 10% year-over-year decrease[2] - Adjusted EBITDA hit a record $41.4 million, up 12% year-over-year[2, 3] - Avocado volume sold increased by 13% year-over-year, reaching 181.5 million pounds[2, 3] - Average selling price decreased by 27% year-over-year to $1.39 per pound[2] Segment Performance - Marketing & Distribution segment adjusted EBITDA increased by 11% due to higher volume[4] - International Farming adjusted EBITDA increased significantly by 211%[4] - Peruvian orchards produced approximately 105 million pounds of exportable avocados, more than double the prior year's production[4] Cash Flow and Capital Expenditure - The company generated $89 million in operating cash flow for the full year[5] - The company generated more than $180 million of operating cash flow over a two-year period[5] - Fiscal year 2026 capital expenditure is expected to decrease to approximately $40 million[5]

Financial Performance - Scholastic achieved a 13% growth in adjusted EBITDA during the second quarter of fiscal year 2026[5] - Revenue increased by 1% to $551.1 million in Fiscal 2026 Q2, compared to $544.6 million in Fiscal 2025 Q2[9] - Operating income increased by 11% to $82.9 million in Fiscal 2026 Q2, compared to $74.7 million in Fiscal 2025 Q2[9] - Diluted earnings per share increased by 27% to $2.17 in Fiscal 2026 Q2, compared to $1.71 in Fiscal 2025 Q2[9] - Adjusted EBITDA reached $122.5 million in Fiscal 2026 Q2, compared to $108.7 million in Fiscal 2025 Q2[9] Segment Performance - Children's Book Publishing and Distribution revenue increased by 4% to $380.9 million, with operating income up 7% to $108.8 million[10] - Education Solutions revenue decreased by 13% to $62.2 million[10] - International revenue increased by 3% to $89.5 million, with operating income up 80% to $12.8 million[10] Strategic Initiatives and Capital Allocation - The company unlocked over $400 million through sale-leaseback transactions to advance capital allocation priorities[5, 6] - Nearly $500 million was returned to shareholders, reducing share count by approximately 25%[6] Fiscal Year 2026 Outlook - The company affirmed its adjusted EBITDA outlook of $146 to $156 million, including a $14 million partial-year impact from sale-leasebacks[12] - Free cash flow is expected to exceed $430 million, reflecting sale-leaseback net proceeds[12]