Axon Enterprise, Inc. (NASDAQ:AXON) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Erik Lapinski - Director, IR Rick Smith - CEO & Founder Josh Isner - President Brittany Bagley - COO & CFO Jeff Kunins - Chief Product Officer & CTO Conference Call Participants George Notter - Jefferies Jonathan Ho - William Blair Mike Ng - Goldman Sachs Joe Cardoso - JPMorgan Jamie Reynolds - Morgan Stanley Jordan Lyonnais - Bank of America Josh Riley - Needham. Trevor Walsh - JMP Keith Ho ...

Skye Bioscience, Inc. (NASDAQ:SKYE) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Bernie Hertel - Head, Investor Relations Punit Dhillon - President and CEO Kaitlyn Arsenault - Chief Financial Officer Chris Twitty - Chief Scientific Officer Dr. Puneet Arora - Chief Medical Officer Conference Call Participants Edward Tenthoff - Piper Sandler Jay Olson - Oppenheimer George Farmer - ScotiaBank Albert Lowe - Craig-Hallum Ayan Hussein - Cantor Fitzgerald Operator Ladies and ge ...

Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) Q3 2024 Earnings Call Transcript November 7, 2024 8:30 AM ET Company Participants Matt Roache - Director of Investor Relations Tom McCourt - Chief Executive Officer Mike Shetzline - Chief Medical Officer Sravan Emany - Chief Operating Officer & Chief Financial Officer Conference Call Participants Amy Li - Jefferies David Amsellem - Piper Sandler Jason Butler - Citizens JMP Mohit Bansal - Wells Fargo Operator Thank you for standing by. My name is Louella, and I wi ...

ClearPoint Neuro, Inc. (NASDAQ:CLPT) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Joe Burnett - President & Chief Executive Officer Danilo D'Alessandro - Chief Financial Officer Conference Call Participants Frank Takkinen - Lake Street Capital Operator Greetings, and welcome to the ClearPoint Neuro, Inc. Third Quarter 2024 Financial Results Conference Call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presen ...

Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Ray Furey - Executive Vice President, General Counsel & Corporate Secretary. Raul Rodriguez - President & Chief Executive Officer Dave Santos - Chief Commercial Officer Lisa Rojkjaer - Chief Medical Officer Dean Schorno - Chief Financial Officer Conference Call Participants Joe Pantginis - H.C. Wainwright Kalpit Patel - B. Riley Securities Farzin Haque - Jefferies Operator Greetings an ...

Lucid Group, Inc. (NASDAQ:LCID) Q3 2024 Results Conference Call November 7, 2024 5:30 PM ET Company Participants Maynard Um - Senior Director of Investor Relations Peter Rawlinson - Chief Executive Officer and Chief Technology Officer Gagan Dhingra - Interim Chief Financial Officer and Principal Accounting Officer Conference Call Participants John Murphy - BofA Securities Andres Sheppard - Cantor Fitzgerald Stephen Gengaro - Stifel Steven Fox - Fox Advisors Tobias Beith - Redburn Atlantic Operator Ladies an ...

TPI Composites, Inc. (NASDAQ:TPIC) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Jason Wegmann - Investor Relations Bill Siwek - President & Chief Executive Officer Ryan Miller - Chief Financial Officer Conference Call Participants Mark Strouse - JPMorgan Pavel Molchanov - Raymond James Justin Clare - ROTH Capital Partners Eric Stine - Craig-Hallum Operator Good afternoon, and welcome to TPI Composites' Third Quarter 2024 Earnings Conference Call. At this time, I'd like t ...

Financial Data and Key Metrics - Total revenue grew 13% YoY to $1.508 billion, driven by 19% growth in service revenue and a return to product revenue growth [7][20] - Service revenue accounted for 69% of total revenue, reaching $1.034 billion, with SaaS solutions driving growth [20] - Product revenue increased 2% to $474 million, marking the first positive growth in five quarters [20] - Gross margin reached a record 83.2%, up 630 basis points, with product gross margin at 71.6% and service gross margin at 88.4% [23] - Operating margin increased 130 basis points to a record 36.1% [24] - Free cash flow was $572 million, representing a margin of 38% [26] Business Line Performance - Unified SASE billings grew 14%, accounting for 23% of total business, driven by strong demand for SSE and cloud technologies [7][15] - Security Operations billings grew 32%, outpacing the overall market and representing 10.5% of total business [7][11] - Secure Networking returned to positive growth, driven by market share gains [7] - OT billings in the manufacturing vertical grew 119%, while retail billings returned to growth after six quarters, up 9% [19] Market Performance - EMEA was the best-performing geography with double-digit growth [18] - Large and mid-enterprises represented 91% and 76% of SASE and Security Operations billings, respectively [17] - Manufacturing and retail verticals showed strong growth, with manufacturing billings up over 20% and retail billings up 9% [19] Strategy and Industry Competition - The company continues to leverage its single operating system (FortiOS) and proprietary ASIC technology to deliver superior performance and cost efficiency [8] - Fortinet is expanding its Security Operations portfolio with new solutions targeting a $20 billion market opportunity [11] - The company is investing in GenAI solutions, with FortiAI expected to be announced in early 2025 [12] - Fortinet is positioned to lead in the SASE market, with a focus on sovereign SASE for service providers and large enterprises [9][10] Management Commentary on Operating Environment and Future Outlook - Management highlighted the recovery in the firewall market, with a record number of FortiGate devices expected to reach end-of-support in 2026, driving a refresh cycle starting in 2025 [31] - The company raised its full-year revenue and operating margin guidance, expecting to achieve its seventh consecutive year of exceeding the rule of 40 [14] - Management expressed confidence in the company's ability to grow faster than the market, particularly in SASE and Security Operations [12][39] Other Important Information - The company completed acquisitions of Lacework and Next DLP, which contributed to billings and revenue growth in Q3 [25] - Share buybacks totaled $600 million in Q3, with the Board increasing the share repurchase authorization by an additional $1 billion [28] - The company will host an Analyst Day on November 18 to provide updates on its strategy and mid-term financial model [97] Q&A Session Summary Question: Differentiation in Sovereign SASE - Fortinet's sovereign SASE offering is differentiated by its single operating system (FortiOS) and ability to run SASE functions on-premise and in the cloud, providing data privacy and local processing capabilities [38][39] Question: Firewall Refresh Cycle - The company expects a significant refresh cycle starting in 2025, driven by the end-of-support for a record number of FortiGate devices in 2026 [42][43] Question: Cannibalization Risk from SD-WAN to SASE Migration - Management does not see significant cannibalization risk, as SASE complements existing SD-WAN and firewall deployments, with additional service opportunities [48][49] Question: Organic ARR Growth Drivers - Organic ARR growth is driven by solutions like FortiEDR, FortiClients, and FortiNDR, with a 74% growth rate in SaaS solutions [53] Question: Sustainability of Profitability - Excluding one-time benefits, product gross margin would have been 68.4%, with operating margin at 35.1%, indicating sustainable profitability [54][56] Question: Competitive Landscape and Pricing Pressure - Discounting remains stable, with no significant pricing pressure observed, and the company continues to invest in growth opportunities [59][60] Question: Go-to-Market Strategy for SASE - The company has made significant progress in its SASE go-to-market strategy, with strong customer adoption and pipeline growth [62][63] Question: Lacework FortiCNAPP Feedback - Initial feedback on the Lacework FortiCNAPP offering has been positive, with strong integration and competitive differentiation [80][81] Question: Government Vertical Performance - The government vertical, excluding the U.S. federal market, showed stable performance, with growth in state, local, and international government sectors [83] Question: OT Business Sustainability - The OT business is expected to sustain strong growth, driven by the increasing need for IoT and edge computing security [85] Question: Hardware Appliance Performance - Mid-range and high-end hardware appliances showed stable performance, with no significant outgrowth in unit shipments [91] Question: SD-WAN Growth Potential - SD-WAN growth is expected to reaccelerate, particularly as VMware customers look for alternative solutions, with renewal cycles starting in 2025 [94][95]

Avinger, Inc. (NASDAQ:AVGR) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Matthew Kreps - Investor Relations Jeffrey Soinski - Chief Executive Officer Nabeel Subainati - Principal Financial Officer Conference Call Participants Swayampakula Ramakanth - H.C. Wainwright Operator Good day, and welcome to the Avinger Third Quarter 2024 Results Conference Call. At this time, all participants are on a listen-only mode. After managements prepared remarks, there will be a question ...

Airbnb, Inc. (NASDAQ:ABNB) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Angela Yang - Director, Investor Relations Brian Chesky - Co-Founder & Chief Executive Officer Ellie Mertz - Chief Financial Officer Conference Call Participants Richard Clarke - Bernstein Mark Mahaney - Evercore ISI. Brian Nowak - Morgan Stanley Justin Patterson - KeyBanc Justin Post - Bank of America Lee Horowitz - Deutsche Bank James Lee - Mizuho Kevin Kopelman - TD Cowen Patrick Scholes - Truist ...