Cytek Biosciences, Inc. (NASDAQ:CTKB) Q3 2024 Earnings Conference Call November 5, 2024 4:30 PM ET Company Participants Paul Goodson - Investor Relations Wenbin Jiang - Chief Executive Officer William McCombe - Chief Financial Officer Conference Call Participants Tejas Savant - Morgan Stanley Brendan Smith - TD Cowen Mason Carrico - Stephens John Barnidge - Piper Sandler Andrew Cooper - Raymond James Operator Thank you for standing by. At this time, I'd like to welcome everyone to the Cytek Biosciences' Thi ...

Financial Data and Key Metrics - Constant currency revenues grew 32% YoY, or 25% excluding Farfetch, marking another quarter of at least 20% growth [7] - Active customers in Product Commerce grew 11% YoY, driven by increased spend from existing customers [7] - Gross profit reached $2.3 billion, a 45% YoY increase, with a gross profit margin of 28.8% [16] - Adjusted EBITDA for Q3 was $343 million, with a margin of 4.4% [19] - Net income attributable to Coupang stockholders was $70 million, with diluted earnings per share of $0.04 [18] Business Line Data and Key Metrics - Product Commerce segment revenues grew 16% YoY, or 20% in constant currency [14] - Developing Offerings segment revenues grew nearly 350% YoY, or over 350% in constant currency [16] - FLC (Fulfillment and Logistics by Coupang) saw growth in units, sellers, and overall volumes, each growing over 130% YoY [10] Market Data and Key Metrics - Total retail spend in Korea was relatively flat YoY, while Coupang's Product Commerce segment grew revenues at 16% YoY [14] - Eats Taiwan and Farfetch showed strong momentum, with Farfetch achieving near break-even profitability [11][24] Company Strategy and Industry Competition - The company focuses on breaking trade-offs between selection and service, aiming to provide the best customer experience [5][9] - Investments in technology and infrastructure are being made to build a stronger foundation for future scalability [17][29] - The company sees a massive runway for growth in Korea, as it represents a small portion of the total commerce spend [14] Management Commentary on Operating Environment and Future Outlook - Management emphasized the importance of customer WOW and operational excellence in capturing future opportunities [12] - The company expects to generate leverage on technology investments, leading to declining OG&A as a percentage of revenue over time [17][29] - Long-term margin guidance for adjusted EBITDA is over 10%, with confidence in expanding margins annually [19][32] Other Important Information - The company launched R.Lux, a luxury offering, providing customers with access to in-demand luxury beauty brands [9] - WOW membership program continues to drive higher engagement, with WOW members spending 2.5x more than new members [8] Q&A Session Summary Question: Developing Offerings Loss Trend and Farfetch Profitability [22][23] - The loss in Developing Offerings decreased due to improvements in Eats and Farfetch, with Farfetch achieving near break-even profitability [24] - Synergies between Coupang and Farfetch will be assessed next year [24] Question: OG&A Cost and FLC Growth [27][28] - The increase in OG&A cost is due to timing of technology and infrastructure investments, not a structural change [29] - FLC growth in units, sellers, and volumes each grew over 130% YoY [30] Question: Product Commerce Margin and Developing Offerings Loss Guidance [31] - Product Commerce margin saw quarterly fluctuations but long-term margin guidance remains over 10% [32] - More updates on Developing Offerings loss guidance for 2025 will be shared in the upcoming quarter [33] Question: Technology Investments and Ad Take Rate [34][36] - Technology investments are not capitalized, and the company expects to generate leverage on these investments over time [35] - Ad take rate continues to be an important area of investment, though it remains a small percentage of overall transaction volume [38] Question: Eats Efficiency and Taiwan Market Progress [40] - Eats saw improved losses due to increased efficiency, with a focus on providing more choice and service [41] - Taiwan market progress is still early, with momentum and operational efficiencies being leveraged from Korea [42]

Masimo Corporation (NASDAQ:MASI) Q3 2024 Earnings Conference Call November 5, 2024 4:30 PM ET Company Participants Eli Kammerman - VP of Business Development and IR Michelle Brennan - Interim CEO Micah Young - EVP and CFO Bilal Muhsin - COO Conference Call Participants Jason Bednar - Piper Sandler Marie Thibault - BTIG Michael Polark - Wolfe Research Frederick Wise - Stifel Matt Taylor - Jefferies Vik Chopra - Wells Fargo Michael Matson - Needham Jayson Bedford - Raymond James Operator Ladies and gentlemen, ...

Douglas Emmett, Inc. (NYSE:DEI) Q3 2024 Earnings Conference Call November 5, 2024 2:00 PM ET Company Participants Stuart McElhinney - Vice President of Investor Relations Jordan Kaplan - President & Chief Executive Officer Kevin Crummy - Chief Investment Officer Peter Seymour - Chief Financial Officer Conference Call Participants Blaine Heck - Wells Fargo & Company Alexander Goldfarb - Piper Sandler Companies Michael Griffin - Citigroup Inc. Jeffrey Spector - Bank of America Steve Sakwa - Evercore Inc. Rich ...

Latham Group, Inc. (NASDAQ:SWIM) Q3 2024 Earnings Conference Call November 5, 2024 4:30 PM ET Company Participants Casey Kotary - Investor Relations Scott Rajeski - President and Chief Executive Officer Oliver Gloe - Chief Financial Officer Conference Call Participants Ryan Merkel - William Blair Andrew Carter - Stifel Tim Wojs - Baird Greg Badishkanian - Wolfe Research Matthew Bouley - Barclays Susan Maklari - Goldman Sachs Sean Cowan - Bank of America Operator Good afternoon, and welcome to the Latham Gro ...

MacroGenics, Inc. (NASDAQ:MGNX) Q2 2024 Earnings Conference Call November 5, 2024 4:30 PM ET Company Participants James Karrels - Senior Vice President, Chief Financial Officer and Secretary Scott Koenig - President and Chief Executive Officer Conference Call Participants Nicholas Lorusso - TD Cowen Jonathan Chang - Leerink Partners Reena Patel - Citi Etzer Darout - BMO Capital Markets Jonathan Miller - Evercore ISI Silvan Tuerkcan - Citizens JMP Securities Mayank Mamtani - B. Riley Securities Peter Lawson ...

Westlake Corporation (NYSE:WLK) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants John Zoeller - Vice President and Treasurer Albert Chao - Executive Chairman Jean-Marc Gilson - President and CEO Steve Bender - Executive Vice President and CFO Conference Call Participants Eric Zhang - Citi Duffy Fisher - GS Bhavesh Lodaya - BMO Capital Markets Ryan Weis - KeyBanc Capital Markets Frank Mitsch - Fermium Research John Roberts - Mizuho Group Matt Hettwer - Vertical Research Part ...

Palomar Holdings, Inc. (NASDAQ:PLMR) Q3 2024 Earnings Conference Call November 5, 2024 12:00 PM ET Company Participants Chris Uchida - Chief Financial Officer Mac Armstrong - Chairman and Chief Executive Officer Jon Christianson – President Conference Call Participants Mark Hughes - Truist Securities Paul Newsome - Piper Sandler David Motemaden - Evercore ISI Andrew Andersen - Jefferies Meyer Shields - KBW Pablo Singzon - JPMorgan Operator Good morning, and welcome to the Palomar Holdings Inc.’s Third Quart ...

Intrepid Potash, Inc. (NYSE:IPI) Q3 2024 Earnings Conference Call November 5, 2024 12:00 PM ET Company Participants Evan Mapes - Investor Relations Manager Matthew Preston - Chief Financial Officer and Acting Principal Executive Officer Zachry Adams - VP of Sales and Marketing John Galassini - VP of Operations Conference Call Participants Lucas Beaumont - UBS Jason Ursaner - Bumbershoot Holdings Operator Thank you for standing by. This is the conference operator. Welcome to the Intrepid Potash, Inc. Third Q ...

Colliers International Group Inc. (NASDAQ:CIGI) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Jay Hennick - Global Chairman and CEO Christian Mayer - CFO Chris McLernon - CEO, Real Estate Services Conference Call Participants Stephen Sheldon - William Blair Jimmy Shan - RBC Capital Markets Himanshu Gupta - Scotia Capital Daryl Young - Stifel Frederic Bastien - Raymond James Operator Welcome to the Colliers International Third Quarter Investors Conference Call. Today's ca ...