Q3 2025 Financial Performance - Revenue increased by 8% year-over-year to $110.5 million[48] - Contribution ex-TAC increased by 7% year-over-year[17] - Adjusted EBITDA increased significantly by 63% year-over-year[17, 46] to $12.1 million[48] - Non-GAAP Net Income was $12.5 million[48] - Diluted Non-GAAP EPS reached $0.28, an 8% year-over-year increase[48] Growth Engines Momentum - CTV revenue grew substantially by 75% year-over-year[17, 45, 50], reaching $16.6 million[63] - Retail Media revenue increased by 40% year-over-year[45, 55] - DOOH revenue increased by 26% year-over-year[45, 52, 63], reaching $24.1 million[63] Capital Allocation - The company expanded its share repurchase program by $75 million, bringing the total to $200 million, pending regulatory approval[17] - The implied return of the $75 million buyback expansion is 18%, with an aggregate implied return of 49% for the total $200 million plan, based on a market cap of $410 million[90] Strategic Initiatives - Strategic partnership with Albertsons Media Collective to expand into the $60 billion Retail Media market, growing at approximately 15% CAGR[24]

Financial Performance - Revenue was $1.69 billion, a decrease of 3% year-over-year[12, 51] - Non-IFRS Gross Margin increased by 130bps year-over-year to 26.0%[12] - Non-IFRS Earnings per Share was $0.41, flat year-over-year[12] - Adjusted free cash flow margin was approximately 27% in Q3 2025[17] End Market Analysis - Automotive revenue increased by 20% year-over-year to $306 million[42] - Communications Infrastructure and Data Center revenue increased by 32% year-over-year to $175 million[50] - Smart Mobile Devices revenue was $752 million, a decrease of 13% year-over-year[40] - Home and Industrial IoT revenue was $258 million, a decrease of 16% year-over-year[45] Key Strategic Initiatives - GF is expanding manufacturing capabilities at the Dresden site with a €1.1 billion investment, aiming to increase production capacity to over one million wafers per year by the end of 2028[30] - GF and Silicon Labs are expanding their partnership in the U.S., with GF manufacturing high-performance wireless SoCs in Malta, New York[26]

Financial Performance - AUCATZYL achieved net product sales of $21.1 million in Q3 2025[10] - Total revenue for Q3 2025 was $21.194 million[55] - Revenue for the nine months ended September 30, 2025, reached $51.0 million[11] - The company reported a total comprehensive loss of $84.9 million in Q3 2025[55] - As of September 30, 2025, the company's cash position was $367.4 million[56] AUCATZYL Launch and Market Access - AUCATZYL has been launched in the US, with strong initial execution in relapsed/refractory B-ALL (r/r B-ALL)[7] - The company has established 60 authorized treatment centers[14] - AUCATZYL has achieved patient access for over 90% of U S covered lives, exceeding initial expectations[14] - CAR T market share in relapsed/refractory disease in 2024 is approximately 15%[15] Obe-cel Expansion and Pipeline - The company is exploring the potential of obe-cel in new indications beyond adult B-ALL, including pediatric ALL, lupus nephritis, and multiple sclerosis[7] - In a Phase 1 study of obe-cel in Systemic Lupus Erythematosus (SLE), 83.3% (5/6) of patients achieved DORIS (Definition of Remission in SLE)[40] - In the SLE study, 50% (3/6) of patients achieved CRR (complete renal response)[40]

Financial Highlights - In Q3 2025, total revenues reached US$21.1 million[9], while net income was US$9.3 million[9] - Non-Mainland China revenue contribution was 64.9% in Q3 2025[53] - In Q3 2025, the company sold 40k PetPhones[27] Business Line Performance - Life business (including PetPhone) experienced a year-over-year growth of 408.2% in Average Monthly Active Terminals (MAT) in Q3 2025[29] - Life business (excluding PetPhone) Year-over-Year Growth was 369.3% in Average Monthly Active Terminals (MAT) in Q3 2025[22] - SIM Business Line saw a year-over-year growth of 269.5% in Average Monthly Active Terminals (MAT) in Q3 2025, with over 400,000 units sold from Q1 2025 to Q3 2025[32, 33] - IoT Business Line achieved a year-over-year growth of 583.0% in Average Monthly Active Terminals (MAT) in Q3 2025[38] Operational Efficiency - Operating expenses for Q3 2025 were US$9.7 million[65] - R&D accounted for 61% of operating expenses in Q3 2025[65] - G&A accounted for 13% of operating expenses in Q3 2025[65] - S&M accounted for 26% of operating expenses in Q3 2025[65]

Financial Performance - Revenue for 3Q25 was $455.1 million, representing a 6.6% year-over-year increase[14] - Adjusted EBITDA for 3Q25 was $261.5 million, with an Adjusted EBITDA margin of 57.5%[14] - Group ALFCF (Adjusted Levered Free Cash Flow) for 3Q25 reached $157.8 million, achieving a cash conversion rate of 60.4%[14] Regional Revenue Analysis - Nigeria's revenue in 3Q25 was $268.0 million, showing a 5.0% year-over-year increase[14] - SSA (Sub-Saharan Africa) revenue for 3Q25 amounted to $135.9 million, reflecting an 8.6% year-over-year increase[14] - Latam (Latin America) revenue in 3Q25 was $51.2 million, indicating an 11.2% year-over-year increase[14] Debt and Liquidity - Total Indebtedness as of 3Q25 was $3.9141 billion[16] - The company's cash and cash equivalents stood at $651.5 million as of 3Q25[16] - Consolidated net leverage ratio was 3.3x as of 3Q25[16] Operational Metrics - The company had 39,025 towers as of 3Q25[15] - The consolidated tenancy ratio was 1.48x in 3Q25[15]

Company Overview - TIC Solutions is a provider of mission-critical engineering and tech-enabled services for industrial, infrastructure, and building customers[17] - The company operates across three segments: Inspection & Mitigation (~55% of 2024 revenue), Consulting Engineering (~30% of 2024 revenue), and Geospatial (~15% of 2024 revenue)[42, 60, 67] - The combined company had approximately $2 billion in revenue in 2024, with over 11,000 employees and 250+ locations[33] - Approximately 73% of the combined revenue comes from the United States, and 27% from international markets[24, 33] Strategic Priorities - The company's strategic priorities are integration, growth, and execution, focusing on unifying leadership and systems, and aligning go-to-market strategies[75, 79] - A synergy plan is in place with an estimated $25 million in cost savings[79, 91] - The company aims to invest in high-growth capabilities and end-market exposures, particularly in data centers and renewable energy[77, 80] Cross-Selling Opportunities - The combination of Acuren and NV5 presents significant cross-selling opportunities, such as expanding geographically and providing integrated asset intelligence offerings[90] - Early momentum in cross-selling includes 3D laser scanning for 1,000+ retail locations and digital twins at a Canadian mining facility[85, 89] Growth and Resilience - The company's services are mission-critical, non-discretionary, and often recurring, driving resilient financial performance across economic cycles[37, 32] - The company is advancing growth in infrastructure, climate, and grid resilience through consulting engineering and geospatial services[94, 95]

Business Performance - Lucid Diagnostics achieved a record quarterly revenue of $1.2 million in Q3 2024, a 20% increase compared to the previous quarter[6] - EsoGuard test volume reached 2,787 in Q3 2024[6] - Over 7,000 firefighters have undergone EsoGuard esophageal precancer testing[6] - Year-to-date revenue for 3Q24 reached $3.149 million, a $1.761 million increase compared to $1.388 million in 3Q23[34] Strategic Accomplishments - The ESOGUARD BE-1 clinical validation study was accepted for peer-reviewed publication[8] - A key patent underlying EsoGuard received a Notice of Allowance[8] - Lucid Diagnostics met with CMS Medicare Administrative Contractor (MAC) Palmetto GBA's Molecular Diagnostics Program (MolDX) to discuss EsoGuard clinical evidence package for upcoming submission for Medicare coverage[8] Financials - Cash reserves decreased from $24.920 million in 2Q24 to $14.489 million in 3Q24, a decrease of $10.431 million[32] - Net loss for 3Q24 was $(12.371) million, compared to $(14.208) million in 3Q23, an improvement of $1.837 million[34] - Non-GAAP adjusted loss per share improved from $(0.22) in 3Q23 to $(0.20) in 3Q24[34] - Shares outstanding increased from 49.3 million in 2Q24 to 51.6 million in 3Q24, an increase of 2.3 million shares[32]

Financial Performance - Riskified's Q3 2025 revenue reached $81.9 million, a 4% year-over-year increase[49, 54] - The company's gross profit for Q3 2025 was $41.1 million[49] - Adjusted EBITDA for Q3 2025 was $5.6 million, a 518% year-over-year improvement[49, 56] - Non-GAAP operating expenses decreased from 49% to 44% of revenue year-over-year[57] - Riskified repurchased approximately 5.2 million ordinary shares for approximately $25.3 million in Q3 2025[63] Market Position and Growth - Riskified reviewed $148 billion in GMV in the last twelve months ended September 30, 2025[16, 20] - The company estimates the global ecommerce GMV to be $6.5 trillion in 2025 and $8.3 trillion in 2029[21] - Riskified's non-GAAP gross profit margin as of LTM Q3 2025 was 51%[18] - The company expects over $30 million in Free Cash Flow in 2025[73]

Financial Performance Highlights - Third quarter revenue reached $26.031 million, exceeding guidance and marking a 157% increase year-over-year, the highest level in 8 quarters[7] - Non-GAAP Gross Margin was 7.7%, surpassing guidance and representing the best level in 5 years[7] - Adjusted EBITDA was $(4.0) million, also exceeding guidance[7] - The company secured a $75 million facility and closed on $37.5 million, strengthening the balance sheet[7] Financial Metrics Improvement - Revenue increased by 30% quarter-over-quarter[17] - Non-GAAP Gross Margin increased by 2510 basis points quarter-over-quarter and 4600 basis points year-over-year[17] - U S GAAP gross margin improved from (42.5%) in Q3 2024 to 6.1% in Q3 2025[18] - Non-GAAP gross margin improved from (38.3%) in Q3 2024 to 7.7% in Q3 2025[18] Outlook - The company projects fourth quarter revenue between $30.0 million and $35.0 million[19] - The company projects Non-GAAP Gross Margin between 12.7% and 23.4% for the fourth quarter[19]

Financial Performance & Guidance - Valens Semiconductor reported Q3 2025 revenue of $17335 million[70], with a GAAP gross margin of 630%[70] - The company's Q3 2025 Adjusted EBITDA loss was $4298 million[70] - Revenue guidance for Q4 2025 is $182-$189 million[71] - The company anticipates full year 2025 revenue between $694 million and $701 million[71], representing approximately 20% year-over-year growth[77] - The gross margin guidance for 2025 is 580%-600%[71] - Adjusted EBITDA loss for 2025 is projected to be between $42 million and $46 million[71] Market Opportunities & Strategy - Valens Semiconductor targets revenue of $220 million to $300 million by 2029[74] - The company is focused on growth in the Pro AV, Industrial Machine Vision, and Automotive markets[74] - The automotive total addressable market (TAM) is projected to reach $45 billion by 2029[34], with 14 billion chips per year[34] - The video conferencing total addressable market (TAM) is projected to reach $350 million by 2028/2029[25]