Financial Data and Key Metrics Changes - Total revenue for Q3 2025 was $163.2 million, an increase of $10.1 million or 7% from the prior year period [22] - Net income available to common shareholders was $5.6 million, nearly seven times higher than the $700,000 in the prior year [23] - EPS increased significantly to $0.30 per diluted share in Q3 2025 versus $0.04 in the prior year [23] - Adjusted EBITDA increased 60% to $20.7 million, with an adjusted EBITDA margin of 13% compared to 8% in the prior year [23] Business Line Data and Key Metrics Changes - At APUS, Q3 revenue increased to $83.1 million, an 8% increase compared to the prior year, driven by an 8% increase in net course registrations [24] - Rasmussen's Q3 revenue was $60.8 million, a 16% increase fueled by a 12% increase in on-ground enrollment and an 11% increase in online enrollment [24] - Hondros College of Nursing's Q3 revenue increased 19% to $18.4 million, with total enrollment up 18% to approximately 3,700 students [25] Market Data and Key Metrics Changes - Registrations at APUS increased 8% year-over-year, while enrollments at Rasmussen increased 10% compared to Q3 2024 [9] - On-ground enrollments at Rasmussen are accelerating, contributing to the overall enrollment growth [9] - The government shutdown has muted military enrollments at APUS for October and November, but there are signs of recovery with tuition assistance funds being authorized [15][16] Company Strategy and Development Direction - The company is focused on simplifying operations and has received HLC approval for the combination of its institutions, with a new application submitted to the U.S. Department of Education [10][11] - The sale of Graduate School USA allows the company to concentrate on core degree-granting businesses, particularly in healthcare and military-affiliated education [10] - The company aims to leverage existing capacity and improve financial results through strategic enrollment growth and operational efficiencies [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the government shutdown and maintain enrollment momentum [17] - The company anticipates that the impact of the government shutdown will be temporary, with expectations for a return to normal enrollment levels [81] - Management remains optimistic about long-term growth potential, particularly in nursing and healthcare education sectors [32] Other Important Information - The company has improved its cash position, with unrestricted cash and equivalents totaling $193.1 million as of September 30, 2025 [11] - The recent redemption of preferred equity is expected to save approximately $6 million annually, enhancing financial flexibility [12] - The company plans to provide a longer-term view of growth strategies and financial outlook at the upcoming Investor Day [18] Q&A Session Summary Question: Plans for driving re-enrollments at APUS - Management noted that military branches are utilizing tuition assistance funds, leading to increased registrations in December despite the government shutdown [36] Question: Impact of the new process for institution integration - Management confirmed commitment to the integration and stated that the new process is procedural, with expectations for implementation in Q3 2026 [39][40] Question: Fourth quarter guidance assumptions - Management indicated a slowdown in October registrations but expects a return to normal trajectory in December [46] Question: Cost-saving measures and their permanence - Management discussed temporary and permanent reductions in variable costs, emphasizing that these measures will not harm revenue [50] Question: Trends in nursing program demand - Management reported strong growth in nursing enrollments, driven by attractive compensation and job availability in the sector [53] Question: Changes in student demographics at Rasmussen - Management highlighted efforts to expand marketing reach to both ADN and BSN students, with a noted increase in BSN enrollments [111]

The Beachbody Company (NYSE:BODI) Q3 2025 Earnings Call November 10, 2025 05:00 PM ET Company ParticipantsMarc Goldston - Executive ChairmanCarl Daikeler - CEOBruce Williams - Managing DirectorBrad Ramberg - Interim CFOConference Call ParticipantsJP Wollam - AnalystSusan Anderson - AnalystModeratorGood afternoon. Thank you for attending today's Beachbody Company third quarter 2025 earnings conference call. My name is Jayla, and I will be your moderator for today's call. All lines will be muted during the pr ...

The RealReal (NasdaqGS:REAL) Q3 2025 Earnings Call November 10, 2025 05:00 PM ET Company ParticipantsRati Levesque - President and CEOAjay Gopal - CFOCaitlin Howe - SVP of FinanceConference Call ParticipantsIke Boruchow - AnalystMatt Koranda - AnalystMarvin Fong - AnalystAshley Owens - AnalystAnna Glaessgen - AnalystJay Sole - AnalystMark Altschwager - AnalystRobert Brooks - AnalystOperatorHello and welcome to The RealReal Q3 earnings call. We ask that you please hold all questions until the completion of t ...

Repay (NasdaqCM:RPAY) Q3 2025 Earnings Call November 10, 2025 05:00 PM ET Company ParticipantsJohn Morris - CEOJohn Morris - Co-founder, and CEOStewart Grisante - Head of Investor RelationsRobert Houser - CFOConference Call ParticipantsTim Chiodo - Managing Director and Lead Equity Research AnalystPeter Heckmann - Managing Director of Senior Research AnalystJabali Tamaskar - AnalystOperatorGood afternoon. I'd like to welcome everyone to Repay's third quarter 2025 earnings conference call. This call is being ...

Theravance Biopharma (NasdaqGM:TBPH) Q3 2025 Earnings Call November 10, 2025 05:00 PM ET Company ParticipantsRhonda Farnum - Chief Business OfficerJulian Harrison - MDRick Winningham - CEOAine Miller - Head of DevelopmentDouglas Tsao - MD Equity ResearchEllen Horste - Equity Research AssociateAziz Sawaf - CFOOperatorLadies and gentlemen, good afternoon. I'd like to welcome everyone to the Theravance Biopharma Q3 2025 conference call. During the presentation, all participants will be in a listen-only mode. A ...

Green Dot (NYSE:GDOT) Q3 2025 Earnings Call November 10, 2025 05:00 PM ET Company ParticipantsChris Ruppel - Chief Revenue OfficerBill Jacobs - Chairman and CEOJess Unruh - CFOTimothy Willi - SVP of Investor RelationsConference Call ParticipantsGeorge Sutton - Senior Research AnalystChris Kennedy - Research AnalystOperatorGood day, and welcome to the Green Dot third quarter 2025 conference call. All participants will be in a listen-only mode. Should you need assistance, please signal conference specialists ...

Laird Superfood (NYSEAM:LSF) Q3 2025 Earnings Call November 10, 2025 05:00 PM ET Company ParticipantsAnya Hamill - CFONicholas Sherwood - Equity Research AssociateJason Vieth - President and CEOTrevor Rousseau - Head of Investor RelationsConference Call ParticipantsEric Des Lauriers - Senior Research AnalystGeorge Kelly - Senior Research AnalystOperatorGood afternoon. Thank you for attending the Laird Superfood third quarter 2025 financial results call. My name is Matt and I'll be your moderator for today's ...

Financial Data and Key Metrics Changes - The company reported a GAAP revenue of $14.7 million for Q3 2025, primarily driven by gateway hardware sales and U.S. government service milestone achievements, compared to approximately $2 million in the prior quarter [22][33] - Non-GAAP adjusted operating expenses increased to $67.7 million in Q3 2025 from $51.7 million in Q2 2025, reflecting a $16 million increase due to higher engineering service costs, cost of goods sold, and general administrative costs [28][29] - Capital expenditures for Q3 2025 were approximately $259 million, down from $323 million in Q2 2025, with expectations for a slight increase in Q4 2025 [30][31] Business Line Data and Key Metrics Changes - The company secured over $1 billion in total contracted revenue commitments from commercial partners, marking significant progress in its commercial ecosystem [10][18] - The company recognized approximately $15 million in revenue from U.S. government contracts and gateway equipment deliveries, indicating a shift towards double-digit revenue growth [22][34] Market Data and Key Metrics Changes - The company has established agreements with over 50 mobile network operator (MNO) partners, covering nearly 3 billion subscribers globally, enhancing its market presence [7][10] - The partnership with Verizon and Saudi Telecom Group (STC) is expected to facilitate direct-to-device services across key markets, including the U.S. and the Middle East [6][19] Company Strategy and Development Direction - The company aims to deepen its partner ecosystem through definitive commercial agreements, targeting full geographic coverage in the U.S. and expanding into international markets [10][20] - The strategic focus includes leveraging a vertically integrated manufacturing process to accelerate satellite production, with plans to launch 45-60 satellites by the end of 2026 [11][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving five satellite launches by the end of Q1 2026, with a robust manufacturing pace of six satellites per month starting in December [72] - The company anticipates continued revenue growth driven by gateway equipment sales and U.S. government contracts, with a revenue expectation of $50 million-$75 million for the second half of 2025 [22][34] Other Important Information - The company has reached over $3.2 billion in cash and liquidity as of the end of Q3 2025, positioning it well for future growth and satellite launches [15][37] - The company is actively pursuing additional spectrum rights and partnerships to enhance its service offerings and competitive positioning in the market [14][85] Q&A Session Summary Question: What is the difference in processing capacity between Block 2 FPGA satellites and Block 2 ASICs? - The company has improved processing capacity tenfold, moving from 100 MHz to 1 GHz, and the new satellites will have a capacity of 10 GHz [38][40] Question: Is the company weighing the benefits of AI for its spectrum management? - The company is actively implementing AI for spectrum management, enhancing efficiency and capacity utilization [41][43] Question: Will AST SpaceMobile structure a future launch event for retail shareholders? - The company plans to invite retail investors to upcoming launches, similar to previous events [44][46] Question: Why was additional capital raised despite being fully funded? - The additional capital provides flexibility and the ability to accelerate growth beyond initial markets, supporting a constellation of over 100 satellites [47][50] Question: Can you comment on the confidence in achieving the launch timeline? - The company is confident in its launch schedule, with 40 satellites expected to be built by early 2026 and a robust launch campaign planned [72][73] Question: Are the satellites for the EU constellation incremental to the existing plan? - The satellites for the EU constellation are part of the existing plan and not incremental [75] Question: Can you comment on the potential involvement in the IRIS2 mandate in Europe? - The company is well-positioned for opportunities like IRIS2 but will not comment on specific contract awards [77][78]

Health In Tech (NasdaqCM:HIT) Q3 2025 Earnings Call November 10, 2025 05:00 PM ET Company ParticipantsDustin Plantholt - Chief AI and Marketing OfficerLori Babcock - Chief of StaffJulia Qian - CFOTim Johnson - CEOConference Call ParticipantsJames Lieberman - Research AnalystM Marin - Senior AnalystAllen Klee - Managing Director and Equity Research AnalystOperatorGood day, ladies and gentlemen. Thank you for standing by, and welcome to the Health In Tech Third Quarter of 2025 earnings conference call. Curren ...

Financial Data and Key Metrics Changes - The company reported a record revenue of $155 million for Q3 2025, reflecting a year-over-year growth of 48% and a sequential increase of 7.3% [5][30] - GAAP gross margin for Q3 was 37%, at the high end of prior guidance, while non-GAAP gross margin was 41.9%, exceeding previous expectations [31][39] - The company ended Q3 with a total backlog of approximately $1.1 billion, with launch backlog accounting for 47% and space systems for 53% [32] Business Line Data and Key Metrics Changes - The Space Systems segment generated $114.2 million in revenue, a sequential increase of 16.7%, driven by strong performance in satellite manufacturing [30] - The Launch Services segment reported $40.9 million in revenue, a decline of 12.3% quarter-over-quarter due to fewer launches caused by customer spacecraft delivery delays [31] Market Data and Key Metrics Changes - The company secured 17 dedicated Electron launches in just three months, indicating strong demand, particularly from international customers [9][30] - The company is seeing increased interest from space agencies, which are beginning to standardize on the Electron as a launch platform [45] Company Strategy and Development Direction - The company aims to maintain its position as a leading end-to-end space company, focusing on scaling products and services across launch and space systems [8][12] - The company is actively pursuing M&A opportunities, with over $1 billion in liquidity available for strategic acquisitions [12][38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to meet demand for Electron, citing that over 90% of production is in-house [46] - The company anticipates a strong return to sequential revenue growth in the Launch Services segment in Q4, supported by a busy launch manifest [31][40] Other Important Information - The company is on track to launch its Neutron rocket in Q1 2026, with a focus on thorough testing and qualification processes [18][29] - The company has made significant investments in Neutron development, with capital expenditures expected to remain elevated [36][38] Q&A Session Summary Question: Can you share insights on the recent strong bookings and backlog for launches? - Management noted that the increase in backlog includes both strong commercial bookings and interest from space agencies standardizing on Electron as a launch platform [45] Question: How is the supply chain positioned to meet demand for Electron? - Management indicated that the supply chain is robust, with the factory designed to produce 52 rockets annually [46] Question: Can you clarify the one-time events affecting launch gross margins? - Management explained that the gross margin improvement was influenced by a mix of contract terms and the transition to over-time revenue recognition for certain missions [47][49] Question: What is the revenue recognition timeline for the SDA Tranche 2 award? - Management confirmed that revenue recognition is on track, with a pattern of 10% in the first year, followed by 40% in subsequent years [52][54] Question: What is the expected launch cadence for Neutron after its first flight? - Management stated that the launch cadence will depend on the success of the first flight, with a potential for three launches in the first year following the test launch [56][58] Question: How soon can Neutron launch after arriving at the complex? - Management indicated that the timeline depends on the outcomes of operational tests and any issues that may arise during the process [70][71] Question: Can you quantify the cumulative catch-up adjustment for the quarter? - Management clarified that a contract closeout contributed approximately $5 million to the quarter's results, alongside other adjustments related to revenue recognition [72][73]