Financial Data and Key Metrics Changes - Revenue in Q1 was $3.4 million, marking a record product revenue for the quarter and reflecting continued growth in commercial traction from automotive and industrial customers [21] - Non-GAAP operating loss was $25.9 million, which is 19% lower year over year, consistent with the plan to reduce non-GAAP operating expenses by 10% to 20% for the full year [21][22] - Total available liquidity at the end of Q1 was $206 million, including $81 million in cash and cash equivalents, and $125 million in undrawn facilities [22][23] - The company anticipates an increase in revenue range to at least 80% to 100% growth for the full year compared to 2024, not including the strategic collaboration announced [24][51] Business Line Data and Key Metrics Changes - The EVE ONE line of high precision sensors was unveiled, targeting the $4 billion laser displacement sensor market, with over 1,000 sensors already booked for shipment later this year [5][6][12] - Strong commercial traction was noted with multiple industry-leading industrial automation companies, including SIG AG and LMI Technologies, which represent over 15% of the market share [11][12][34] - The company is ramping up manufacturing capacity to meet growing demand for EVE ONE sensors, targeting an installation capacity of 100,000 units per year [42][60] Market Data and Key Metrics Changes - AIVA entered the Intelligent Transportation System (ITS) market, securing a partnership with Sensus GATSO as its exclusive LiDAR supplier for mobile speed detection products in Australia [6][19] - The overall addressable market for laser displacement sensors is projected to grow significantly, with annual volumes exceeding 2 million sensors [12] Company Strategy and Development Direction - AIVA's mission is to build a core FMCW technology platform to expand applications beyond automotive, with significant progress in industrial automation and ITS [5][6] - A strategic collaboration with a global Fortune 500 technology subsidiary was announced, involving an investment of up to $50 million to expand AIVA's end markets and deliver advanced perception sensing products [8][16] - The company aims to leverage its strategic partner's manufacturing expertise to accelerate product development and market entry [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position to capitalize on significant interest in AIVA's unique FMCW technology, with strong momentum across automotive, industrial, and ITS markets [25] - The company is optimistic about transitioning from development to large-scale production with the global top 10 passenger OEM, having achieved initial milestones [15][47] - Management highlighted the importance of the strategic collaboration as a validation of AIVA's technology and its potential for broad deployment across multiple markets [17][18] Other Important Information - The company plans to host an AIVA Day on July 31 in New York City to provide deeper insights into its technology and commercial traction [26] Q&A Session Summary Question: Can you talk about incremental target markets with the new partner? - The partnership aims to expand into consumer market applications and accelerate industrial applications, leveraging the partner's experience and relationships with key OEMs [28][29][30] Question: How is the relationship with SICK evolving? - The partnership with SICK is significant, with SICK holding about 15% market share and the potential to transition a majority of their portfolio to FMCW technology [32][34] Question: How quickly can new customers be ramped up? - Initial engagements may take time, but subsequent customer onboarding is expected to be much quicker, potentially within months [40][41] Question: What is the potential momentum with other passenger OEMs? - AIVA is engaged with multiple top passenger OEMs and is seeing significant opportunities across both passenger and commercial vehicles [45][48] Question: What led to the increase in revenue guidance? - The increase is driven by strong momentum in both industrial and automotive markets, with record product revenue in Q1 [50][51] Question: What is the expected revenue contribution from increased industrial market volumes? - The growth is expected to contribute millions in revenue, with average selling prices for sensors in the thousands of dollars [55][56] Question: What are the remaining milestones for the global top 10 passenger OEM? - Key activities include integration and packaging to fit the OEM's production platform, with a focus on transitioning to the production phase [63][64]

Financial Data and Key Metrics Changes - For Q1 2025, net revenue was $15.4 million, a decline of 24% from $20.2 million in Q1 2024, primarily due to SKU rationalization and reduced consumer demand [7][26] - Adjusted EBITDA loss slightly improved to $2.5 million from $2.6 million year-over-year, despite a 24% sales reduction [7][29] - Gross margin decreased to 61.4% from 65.1% in the previous year, attributed to product mix changes [27] - Operating loss narrowed to $3.7 million from $5.3 million in the year-ago quarter, an improvement of approximately 30% [28][29] - Net loss for Q1 2025 was $3.9 million, improving by approximately 25% from a loss of $5.2 million in Q1 2024 [29] Business Line Data and Key Metrics Changes - The company launched one new product category in Q1 2025, while suspending new product launches from Asia for the year [26] - Launch revenue was $400,000 in both Q1 2025 and Q1 2024 [26] Market Data and Key Metrics Changes - The company experienced softness in consumer demand, particularly in the latter part of the quarter, which was compounded by reduced Amazon traffic due to changes in its affiliate program [7][8] - Inventory levels increased to $18.1 million from $13.7 million at the end of Q4 2024, reflecting a buildup in anticipation of demand for seasonal products [30] Company Strategy and Development Direction - The company is focusing on four strategic initiatives: accelerating manufacturing diversification, expanding into consumables, implementing strategic pricing adjustments, and reducing fixed costs [10][21] - The goal is to manufacture no more than 30% of goods in China by the end of 2025, accelerating the previous target of below 40% by 2026 [12] - The company has paused its share repurchase program to conserve cash amid the current macroeconomic environment [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the current volatility without raising equity capital in 2025, despite withdrawing guidance for the year due to uncertainty [19][31] - The company believes that the actions taken now will set the foundation for a return to growth and profitability beyond 2025 [32] - Management acknowledged the challenges posed by the tariff environment but emphasized the importance of agility and resilience in their strategy [9][20] Other Important Information - The company is targeting annualized savings of $5 million to $6 million through fixed cost reduction initiatives, with approximately $4 million expected from headcount reductions [16][25] - Cash preservation remains a priority, with cash levels at approximately $14.3 million as of March 31, 2025 [30] Q&A Session Summary Question: Can you talk about your inventory plans in the near and medium term given the 30% China tariffs? - Management indicated that they have been proactive in managing inventory and have not rushed to bring in products from China, focusing instead on securing stable supply chains [35][36] Question: Can you elaborate on your pricing strategy and consumer reactions? - Management noted that the pricing strategy has led to mixed results, with some products experiencing decreased velocity due to price increases, but overall positioning remains strong [41][42] Question: Is there a way to speed up your diversification strategy in manufacturing? - Management committed to accelerating the diversification strategy as quickly as possible while maintaining product quality [45] Question: Will the company be paying any dividends in the future? - Management stated that cash conservation is a priority due to restructuring plans and the current macroeconomic environment, focusing on long-term growth instead [49] Question: Would management consider revising its policy on granting employee stock options? - Management affirmed that stock options are a tool for incentivizing performance and aligning interests with shareholders, and they will continue to evaluate this policy [52][54]

Nextracker (NXT) Q4 2025 Earnings Call May 14, 2025 05:00 PM ET Speaker0 Good afternoon, everyone, and thank you for standing by. My name is Joel, and I will be your conference operator today. Today's call is being recorded. I would like to welcome everyone to NextTracker's Fourth Quarter Fiscal Year twenty twenty five Earnings Call. After the speakers' remarks, there will be a Q and A session. At this time, for opening remarks, I would like to pass the call over to Mr. Chuck Boynton, CFO. Chuck, you may be ...

Dyadic International (DYAI) Q1 2025 Earnings Call May 14, 2025 05:00 PM ET Speaker0 Evening, and welcome to the Dyadic International First Quarter twenty twenty five Financial Results Conference Call. Currently, all participants are in a listen only mode. Following management's prepared remarks, there will be a brief question and answer session. As a reminder, this call is being recorded today, 05/14/2025. I would now like to turn the call over to miss Ping Rawson, Dyadic's chief financial officer. Please g ...

Fossil Group (FOSL) Q1 2025 Earnings Call May 14, 2025 05:00 PM ET Speaker0 Good afternoon, ladies and gentlemen, and welcome to the Fossil Group First Quarter twenty twenty five Earnings Call. At this time, all parties are in listen only mode. This conference call is being recorded and may not be reproduced in whole or in part without written permission from the company. Now, I'll turn the call over to Kristen Greene of the Blueshirt Group to begin. Speaker1 Hello, everyone, and thank you for joining us. W ...

Spire Global (SPIR) Q1 2025 Earnings Call May 14, 2025 05:00 PM ET Speaker0 Please note this conference is being recorded. I will now turn the conference over to your host, Ben Hackman, Head of Investor Relations. Thank you. You may begin. Speaker1 Thank you. Hello, everyone, and thank you for joining Spire's first quarter twenty twenty five earnings conference call. Our earnings press release and related SEC filings are posted on the company's IR website. A replay of today's call will also be made availabl ...

Grove Collaborative (GROV) Q1 2025 Earnings Call May 14, 2025 05:00 PM ET Speaker0 Good afternoon, and thank you for standing by. Welcome to Grove Collaborative Holdings Incorporated First Quarter twenty twenty five Earnings Conference Call. At this time, all lines have been placed on mute to prevent any background noise. Following the speakers' remarks, we will open up your lines for questions. As a reminder, this conference call is being recorded. Hosting today's call are Groove's CEO, Jeff Yerkeson and I ...

The Beachbody Company (BODI) Q1 2025 Earnings Call May 14, 2025 05:00 PM ET Speaker0 Good afternoon. Thank you for attending today's Beachbody Company Inc. First Quarter twenty twenty five Earnings Conference Call. My name is Victoria, and I will be your moderator for today's call. All lines will be muted during the presentation portion of the call with the opportunity for questions I would now like to pass the conference over to your host, Bruce Williams, Managing Director of ICR. You may proceed, Bruce. S ...

Financial Data and Key Metrics Changes - Total Payment Volume (TPV) reached $8 billion, reflecting a 53% year-over-year growth and a 5% quarter-over-quarter increase, with a constant currency growth of 72% [6][17]. - Revenue hit a record high of $217 million, up 18% year-over-year and 36% in constant currency [19]. - Gross profit reached $85 million, representing a 35% year-over-year increase or nearly 60% in constant currency [20]. - Net income for the quarter was $47 million, up 57% quarter-over-quarter and 163% year-over-year [25]. - Free cash flow amounted to $40 million, a 22% increase from the previous quarter [26]. Business Line Data and Key Metrics Changes - Cross-border flows grew 14% quarter-over-quarter and 76% year-over-year, reaching $4 billion [17]. - Local to local TPV decreased by 3% quarter-over-quarter but increased by 33% year-over-year [18]. - Pay-ins business grew 2% quarter-over-quarter and 49% year-over-year, while payouts business grew 12% quarter-over-quarter and 61% year-over-year [18]. Market Data and Key Metrics Changes - Strong growth was noted in emerging markets, particularly in Chile, Pakistan, Nigeria, Turkey, and Brazil [7]. - The company experienced robust growth across multiple verticals, including remittances, commerce, financial services, and streaming [7]. Company Strategy and Development Direction - The company is focused on strategic investments in technology and operations to enhance efficiency and expand service offerings [6][11]. - There is a commitment to leveraging automation and AI to drive operational efficiency and optimize performance [10][11]. - The company aims to grow its licensed portfolio to navigate complex regulatory environments, adding three new registrations in the first quarter [13]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth potential of emerging markets despite short-term macroeconomic headwinds [30][32]. - The company anticipates continued demand for localized payment solutions as emerging markets gain prominence [33]. - Management reaffirmed full-year guidance and commitment to disciplined execution for sustainable growth [34]. Other Important Information - The Board of Directors approved a dividend policy, with an extraordinary cash dividend of approximately $150 million [27][28]. - The company plans to return 30% of free cash flow as annual dividends starting in 2026 [28]. Q&A Session Summary Question: Growth in Argentina and Mexico - Management indicated that growth in Argentina appears sustainable due to increased interest from global merchants, while Mexico requires better execution to reignite growth [38]. Question: Take Rates in Argentina - The higher take rates in Argentina are considered sustainable due to the nature of the products offered, which include receivables discounting [42]. Question: Operating Expenses - Operating expenses are expected to increase in subsequent quarters, but management emphasized a focus on responsible spending [48][91]. Question: Brazil's Revenue and Gross Profit - Brazil's revenue and gross profit have been impacted by a repricing from a major merchant and a migration to a lower take rate product, but management sees potential for recovery [66][68]. Question: Competition and Market Dynamics - Management acknowledged that share losses in Mexico and Brazil could be attributed to competitive dynamics but expressed confidence in regaining market share through improved execution [78][83]. Question: M&A Opportunities - The company is actively exploring M&A opportunities, particularly in the fintech space, to enhance its capabilities and market position [88].

eGain (EGAN) Q3 2025 Earnings Call May 14, 2025 05:00 PM ET Speaker0 Please note this event is being recorded. I would now like to turn the conference over to Jim Byers, Pondell Investor Relations. Please go ahead. Speaker1 Thank you, operator, and good afternoon, everyone. Welcome to eGain's fiscal twenty twenty five third quarter financial results conference call. On the call today are eGain's Chief Executive Officer, Ashu Roy and Chief Financial Officer, Eric Smith. Before we begin, I would like to remin ...