A10 Networks, Inc (NYSE:ATEN) Q3 2024 Results Conference Call November 7, 2024 4:30 PM ET Company Participants Tom Baumann - FNK Investor Relations Dhrupad Trivedi - President and Chief Executive Officer Brian Becker - Chief Financial Officer Conference Call Participants Trevor Rambo - BTIG Hamed Khorsand - BWS Financials Christian Schwab - Craig-Hallum Capital Group Anja Soderstrom - Sidoti Operator Hello, everyone, and welcome to the A10 Networks Third Quarter 2024 Financial Results Call. My name is Lydia ...

MP Materials Corp. (NYSE:MP) Q3 2024 Earnings Call Transcript November 7, 2024 5:00 PM ET Company Participants Martin Sheehan - Senior VP of Investor Relations Jim Litinsky - Chairman, and Chief Executive Officer Ryan Corbett - Chief Financial Officer Michael Rosenthal - Chief Operating Officer Conference Call Participants Kevin Estok - Jefferies Matt Summerville - D.A. Davidson Greg Jones - BMO Bill Peterson - JPMorgan Ben Kallo - Baird Operator Hello. And welcome to the MP Materials’ Third Quarter 2024 Ea ...

Co-Diagnostics, Inc. (NASDAQ:CODX) Q3 2024 Results Conference Call November 7, 2024 4:30 PM ET Company Participants Andrew Benson - Head of Investor Relations. Dwight Egan - CEO Brian Brown - CFO Conference Call Participants Jade Montgomery - H.C. Wainwright Operator Good afternoon, and welcome to Co-Diagnostics Third Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would like now to introduce Andrew Benson, Head of Investor Relations. Andrew Benson ...

Financial Data and Key Metrics - Q3 2024 revenue was $65.2 million, at the high end of the guidance range of $60 million to $66 million [13] - Non-GAAP gross margin was 25%, within the guidance range of 24% to 26% [14] - Non-GAAP loss per share was $0.21, above the guidance range of $0.14 to $0.20 due to accelerated R&D spending [14] - Total cash, cash equivalents, short-term investments, and restricted cash stood at $41.4 million at the end of Q3 [41] - Total debt, excluding convertible debt, was $39.4 million, up from $27.5 million in Q2 [42] Business Line Performance - Data center revenue was $40.9 million, down 16% YoY but up 90% sequentially, driven by 400G product growth [15] - CATV revenue was $20.9 million, up 104% YoY and 260% sequentially, driven by 1.8 GHz amplifier shipments [16] - Telecom revenue was $2.8 million, down 9% YoY but up 18% sequentially [33] - 67% of data center revenue came from 100G products, 27% from 200G and 400G, and 4% from 40G [23] Market Performance - Data center business saw strong double-digit sequential growth, driven by new 400G product wins [13] - CATV business more than tripled sequentially due to customer transitions to new architectures [13] - Initial orders for 400G products were received from a new hyperscale customer, with shipments already underway [15] Strategic Direction and Industry Competition - The company is focusing on 400G and 800G products for data centers, with significant interest in 1.6 terabit transceivers [17] - CATV customers are transitioning to DOCSIS 4.0, with initial orders already being delivered [30] - The company is investing in US-based production and automated manufacturing to meet future demand [48] Management Commentary on Operating Environment and Future Outlook - Management expects Q4 revenue to be between $94 million and $104 million, with non-GAAP gross margin in the range of 27.5% to 29.5% [46] - Long-term demand drivers for data center and CATV businesses remain strong, with generative AI adoption expected to drive further growth [47] - The company is optimistic about the ramp-up of 800G products in 2025 and expects CATV margins to improve [55][56] Other Important Information - The company raised $59.9 million net of commissions and fees under its at-the-market offering program [45] - Capital investments in Q3 totaled $11.4 million, primarily for production and R&D equipment [43] - The company expects to make sizable CapEx investments over the next several quarters to prepare for increased production of 400G, 800G, and 1.6 terabit products [43] Q&A Session Summary Question: What is driving the increased demand for 400G products? - The demand is driven by data center customers' need for interconnections, particularly for AI networks, and is expected to continue growing [50] Question: What types of transceivers will the company focus on for 800G? - The company will primarily focus on edge-emitting technology (EMLs) and silicon photonics-based solutions, with some interest in VCSEL-based solutions [52] Question: How many of the top hyperscalers are currently customers? - The company has three out of the top five hyperscalers as customers, with ongoing discussions with a fourth [53] Question: What is the outlook for margins as the company transitions to 800G and 1.6 terabit products? - CATV margins are currently higher than data center margins and are expected to improve further, while the transition to 800G and 1.6 terabit products should also boost data center margins [55][56] Question: What is driving the sharp revenue uptick in Q4? - The growth is driven by continued strength in 400G products, some contribution from 800G, and improving CATV margins [59] Question: What is the status of the new hyperscale customer? - The new hyperscale customer is a re-engaging customer and is expected to grow in Q4, potentially becoming a 10% customer in the next few quarters [61] Question: What is the outlook for Microsoft-related revenue? - Microsoft-related revenue was below $5 million in Q3 and is ramping slower than expected, but the company remains committed to reaching a $25 million per quarter run rate [65] Question: What is driving the strength in 100G products? - Hyperscale customers are growing both their existing infrastructure and new AI-focused infrastructure, leading to continued demand for 100G products [67]

Redfin Corporation (NASDAQ:RDFN) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Meg Nunnally - Head, IR Glenn Kelman - CEO Chris Nielsen - CFO Conference Call Participants Ygal Arounian - Citi Curtis Nagle - Bank of America John Campbell - Stephens Jay McCanless - Wedbush Operator Good day, ladies and gentlemen and welcome to the Redfin Corporation Quarter Three 2024 Earnings Conference Call. All lines have been placed on a listen-only mode and the floor will be open for q ...

MannKind Corporation (NASDAQ:MNKD) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Michael Castagna - CEO Chris Prentiss - CFO Conference Call Participants Andreas Argyrides - Oppenheimer Olivia Brayer - Cantor Fitzgerald Faisal Khurshid - Leerink Partners Anish Nikhanj - RBC Capital Markets Brandon Folkes - Rodman & Renshaw Operator Good afternoon, and welcome to the MannKind Corporation Third Quarter 2024 Financial Results Earnings Call. As a reminder, this call is being ...

MicroVision, Inc. (NASDAQ:MVIS) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Drew Markham - General Counsel Sumit Sharma - Chief Executive Officer Anubhav Verma - Chief Financial Officer Conference Call Participants Casey Ryan - West Park Capital Operator Welcome to the MicroVision Third Quarter 2024 Financial and Operating Results Conference Call. [Operator Instructions]. I would now like to turn the conference over to Drew Markham. Please go ahead. Drew Markham Thank ...

Five9, Inc. (NASDAQ:FIVN) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Mike Burkland - CEO and Chairman Andy Dignan - COO Barry Zwarenstein - CFO Conference Call Participants David Hynes - Canaccord Michael Turrin - Wells Fargo Meta Marshall - Morgan Stanley Will Power - Baird Arjun Bhatia - William Blair Ryan MacWilliams - Barclays Robert Dee - Truist Siti Panigrahi - Mizuho Quinton Gabrielli - Piper Sandler Billy Fitzsimmons - Jefferies Michael Funk - Bank of America M ...

Blink Charging Co. (NASDAQ:BLNK) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Vitalie Stelea - Vice President of Investor Relations Brendan Jones - President & Chief Executive Officer Michael Battaglia - Chief Operating Officer Michael Rama - Chief Financial Officer Conference Call Participants Craig Irwin - Roth Capital Partners Sameer Joshi - H.C. Wainwright Jawad Bhuiyan - Stifel Noel Parks - Tuohy Brothers Operator Greetings, welcome to the Blink Charging Third Quart ...

BILL Holdings, Inc. (NYSE:BILL) Q1 2025 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Karen Sansot - Vice President, Investor Relations Rene Lacerte - Chairman, Chief Executive Officer and Founder John Rettig - President and Chief Financial Officer Conference Call Participants Andrew Schmidt - Citigroup Bryan Keane - Deutsche Bank Tien-Tsin Huang - JPMorgan James Friedman - SIG Brad Sills - Bank of America Keith Weiss - Morgan Stanley Taylor McGinnis - UBS Ian Black - Needham & ...