Financial Performance - Shimmick Corporation reported revenue of $128 million, a 42% year-over-year increase, with $113 million from Shimmick Projects[8] - The company reported a gross margin of $8 million, a 126% year-over-year improvement compared to a gross margin of $(31) million in Q2 2024[8] - Shimmick Projects contributed a gross margin of $15 million, while Non-Core Projects had a gross margin of $(7) million[8] - The company recognized a net loss of $8 million and an Adjusted EBITDA of $(0.2) million, primarily due to Non-Core Projects[8] Backlog and Future Growth - The company's backlog is approximately $652 million as of July 4, 2025, with over 88% being Shimmick Projects[8] - $70 million in New Awards were added to Backlog in July 2025, and the company was selected as the preferred bidder on $164 million for a Transit Center & River Pump Station[8, 12] - Shimmick Projects revenue is expected to be in the range of $405 million to $415 million for the full fiscal year ending January 2, 2026, with an overall gross margin between 9% and 12%[31] - Non-Core Projects revenue is expected to be in the range of $80 million to $90 million, with an overall gross margin between (15%) and (5%)[31] Strategic Initiatives - The company launched Axia Electric, a dedicated electrical subsidiary, targeting growth segments including industrial, data center, and advanced manufacturing[8] - The addressable market for electrical contracting services is $100 billion per year[15]

Q2 2025 Results Conference Call August 14, 2025 © 2025 authID Inc. All Rights Reserved. Disclaimer & Forward Looking Statements This Presentation and information provided at a webcast or meeting at which it is presented (the "Presentation") has been prepared on the basis of information furnished by the management of authID Inc. ("authID" or the "Company") and has not been independently verified by any third party. This Presentation is provided for information purposes only. This Presentation is not an offer ...

Financial Highlights - Origin Materials projects revenue of $20 million to $30 million in 2026[8] and $100 million to $200 million in 2027[8, 15] - The company anticipates achieving Adjusted EBITDA positive run rate in 2027[8, 15] - Manufacturing lines are expected to have a payback period of less than 18 months[12, 13] Market and Demand - The total addressable market for Origin closures is greater than $65 billion[8, 32, 57] - The company is currently in the $7 billion water market segment[56, 57] and is qualifying for the $6 billion carbonated soft drink (CSD) market[57, 60] - Demand currently exceeds projected manufacturing capacity for the foreseeable future[6, 72] Manufacturing and Technology - Origin Materials commenced production on its first CapFormer line in February 2025[17, 60] - The company is on track to have 8 to 10 CapFormer lines in operation in 2026[15, 17] - Origin Materials has secured over 70 patents protecting its technology and products[9, 75]

EluPro Commercial Progress - EluPro实现了显著的商业成功，同比增长49%[12] - EluPro的增长现在占BioEnvelope收入的68%[14] - 已经获得了7个国家GPO合同[12, 21, 22] - 161家医院积极订购EluPro[12, 23] - 预计年底销售额将接近2000万美元[17] - 通过波士顿科学公司销售的EluPro案例占30%[18] Reconstruction Pipeline - 生物制剂代表着15亿美元的美国市场，占重建支出的65%[28] - 每年大约有151,000例乳房切除术，其中三分之二是双侧乳房切除术，导致200,000-225,000个乳房重建[30] - 生物网在80%的重建案例中使用，每个乳房的成本为7,500-9,500美元[30] - 1/3的患者在乳房重建后会出现严重的并发症[31] Litigation Update - 在FiberCel诉讼方面取得了重大进展，自2025年第一季度以来已解决了27起案件[42] - 总共解决了110起案件中的97起[42] Financial Review - BioEnvelope（EluPro和CanGaroo）的净销售额为350万美元，而去年同期为260万美元[45] - 调整后的毛利率为62.4%，而去年同期为58.0%[45] - 截至2025年6月30日，现金余额为850万美元[45]

Financial Performance - Ending ARR at June 30, 2025, was $15.9 million, compared to $23.9 million in Q2 2024[23] - Q2 2025 non-GAAP net loss was $2.3 million, a 54% improvement from Q2 2024[26] - Q2 2025 free cash flow was negative $5.0 million, a 28% improvement from Q2 2024[28] Business Highlights - The first Digimarc-protected gift cards will appear on shelves next week[8] - A new ARR from a European packaging customer signing multi-year committed contract; ARR should be just under seven figures next year[8] - Reduced Q2 operating expenses by 22% and non-GAAP operating expenses by 37%, largely reflecting the impact of cost savings from the Q1 reorganization[8] Future Outlook - The company continues to believe it is likely that it will generate both positive non-GAAP net income and positive free cash flow in Q4 2025[8] - The company expects ARR to trough in Q3 or Q4 2025, and to re-accelerate thereafter into 2026, largely from increasing penetration of its gift card solution[25] - Annualized cash cost savings from the reorganization are expected to be approximately $16.5 million[27]

Product & Strategy - Launched the Energy Base product, featuring a configurable Iron Core for gigawatt-hour storage capacity[11, 18] - The Energy Base utilizes existing iron flow battery modules and scalable enclosures to extend duration up to 22 hours[27] - ESS manufactures core components in-house and procures the balance of system from preferred vendors[22] - Partnered with Honeywell to optimize Energy Base design for quality, cost-efficiency, and scale[24, 26] Market & Applications - Data centers' electricity demand is projected to grow to 800 TWh by 2026, increasing the risk of infrastructure failure[31] - Power disruption accounts for 54% of impactful data center outages[34] - ESS Energy Base provides a safe, scalable, and cost-effective alternative to traditional power solutions for data centers[32] Manufacturing & Cost - Commissioning a second automated battery manufacturing line ("Line 2") in H2 2025 to increase capacity[41] - Capital efficiency improves with the shift from Energy Centers to Energy Bases, reducing capex per unit[41] - ESS products qualify for the domestic content ITC adder due to being 98% domestically sourced and 100% domestically manufactured[42] Financial Performance - Q2 2025 revenue reached $2.4 million, a 578% increase compared to Q2 2024's $0.3 million[49] - Q2 2025 net loss was ($11.1) million, a 50% improvement compared to Q2 2024's ($21.9) million[49] - Adjusted EBITDA for Q2 2025 was ($7.8) million, a 59% improvement compared to Q2 2024's ($18.8) million[49]

Financial Performance - Revenue for the second quarter of 2025 was $0.48 million, compared to $0.22 million for the same period in 2024[44] - The company ended the second quarter of 2025 with $12.0 million in cash, an increase from $11.1 million at the end of 2024[43] - Adjusted EBITDA for the second quarter of 2025 was $(16.2) million, compared to $(8.1) million for the same period in 2024[46] - Net loss for the three months ended June 30, 2025 was $(141.275) million[51] Business Updates - 100% of surveyed IT organizations are at least in the AI investigation and use-case discovery stages[25] - Only 14% of companies are in the production at scale phase of their AI workloads[26] - Over 90% of companies intend to increase AI spending in 2025 and beyond[26] - AeroFlexx has achieved four straight quarters of revenue generation across three active customers[35] Strategic Initiatives - Refinity completed signing an engineering, procurement, and construction partner for its first plant design and delivery in 2Q25[38] - Refinity is on track for 3Q25 to demonstrate the viability of fluid bed conversion of mixed plastic waste to liquid product at pilot scale, with preliminary results above expectations[38]

Financial Performance - Revenue increased by $34 million, a 5% increase, reaching $713 million in Q2 2025 compared to $679 million in Q2 2024[20] - Net loss decreased significantly by $667 million, reaching $169 million in Q2 2025 compared to $836 million in Q2 2024[20] - Adjusted EBITDA increased by $53 million, reaching $167 million in Q2 2025 compared to $114 million in Q2 2024[20] - Cash from Operations increased slightly by $01 million to $41 million in Q2 2025[23] - Free Cash Flow increased by $17 million to $16 million in Q2 2025[23] Business Growth - Total connections increased by 8% to 201 million[29] - Total Pipeline for Estimated Annual Recurring Revenue (eARR) increased to $846 million[34] - eARR- Closed Won for the quarter increased to $102 million[34] Financial Metrics - IoT Connectivity revenue increased by $03 million[29] - For the six months ended June 30, DBNER increased by 700 basis points to 99%[40] 2025 Guidance - The company maintained its 2025 revenue guidance of $288 million to $298 million[45] - The company maintained its 2025 Adjusted EBITDA guidance of $62 million to $67 million[45] - The company maintained its 2025 Free Cash Flow guidance of $10 million to $14 million[45]

Financial Performance - Collections showed strong growth, reaching $255.7 million, up 85% compared to Q2 2024[9] - Estimated Remaining Collections (ERC) reached a new record of $2.9 billion, a 31% increase compared to Q2 2024[9] - Revenue grew to $152.7 million, a 47% increase compared to Q2 2024[9] - The company declared a dividend of $0.24 per share, payable on September 4, 2025[9] Efficiency and Profitability - The Cash Efficiency Ratio was 75.9%[9], aided by the Conn's portfolio purchase, with the ratio being 71.8% excluding Conn's portfolio[27] - Adjusted Pre-Tax Return On Average Equity (ROAE) was 58.4%[28] - Adjusted Pre-Tax Income increased by 55% compared to Q2 2024[31] Deployments and ERC - Year-to-date deployments as of June 30, 2025, were $300.5 million, up 24% compared to the same period in 2024[17] - U.S Distressed ERC includes $226.5 million related to the Conn's portfolio purchase[22] - The company expects to collect $889.0 million of the June 30, 2025 ERC balance during the next 12 months[22] Leverage and Funding - The leverage ratio was 1.76x, calculated as Net Debt divided by Adjusted Cash EBITDA[9] - At June 30, 2025, $825 million RCF was undrawn with $51.7 million of unrestricted cash on the balance sheet[35]

Third Quarter Fiscal 2025 Earnings Presentation August 14, 2025 Applied Materials External Forward-Looking Statements This presentation contains forward-looking statements, including those regarding anticipated growth and trends in our businesses and markets, industry outlooks and demand drivers, technology transitions, our business and financial performance and market share positions, our capital allocation and cash deployment strategies, our investment and growth strategies, our development of new product ...