Financial Data and Key Metrics Changes - Total revenue for Q3 was $14.1 billion, an increase of 11% year over year [24] - Non-GAAP net income was $3.8 billion, with non-GAAP earnings per share at $0.96 [24] - Total product revenue was $10.4 billion, up 15%, while services revenue was $3.8 billion, up 3% [24] - Total annualized recurring revenue (ARR) ended at $30.6 billion, a 5% increase [25] - Total subscription revenue increased by 15% to $7.9 billion, representing 56% of total revenue [25] - Non-GAAP gross margin was 68.6%, up 30 basis points year over year [27] - Non-GAAP operating margin was 34.5%, above the high end of guidance [28] Business Line Data and Key Metrics Changes - Networking product orders grew by 8%, with double-digit growth in switching and enterprise routing [25] - Security orders surged by 54%, driven by offerings from Splunk and SASE [25] - Collaboration revenue increased by 4%, while observability revenue rose by 24% [25] - Product orders were up 20% year over year, with a 9% increase when excluding Splunk [26] Market Data and Key Metrics Changes - In the Americas, product orders increased by 27%, while EMEA saw a 4% increase and APJC grew by 21% [26] - Service Provider and Cloud orders were up 32%, Enterprise orders increased by 22%, and Public Sector orders rose by 8% [26] Company Strategy and Development Direction - Cisco is focusing on AI infrastructure, with over $1 billion in AI orders received year to date, surpassing the original target [5][11] - The company is enhancing its partnerships, particularly with NVIDIA, to deliver integrated AI solutions [12] - Cisco is investing in strategic partnerships in Saudi Arabia to support AI infrastructure development [13][14] Management's Comments on Operating Environment and Future Outlook - Management noted that customer purchasing behavior remains stable despite tariff uncertainties, with continued commitment to technology transitions [35] - The company anticipates sustained demand for AI infrastructure and does not expect a significant slowdown in cloud CapEx [47] - Management expressed confidence in the ongoing growth opportunities in AI and enterprise markets [49] Other Important Information - Scott Herron, CFO, announced retirement at the end of fiscal year 2025, with Mark Patterson set to take over [21][22] - Cisco closed the acquisition of Snap Attack to enhance its security operations capabilities [29] Q&A Session Summary Question: Customer buying behavior amid tariff uncertainties - Management indicated no significant changes in purchasing behavior, with customers still committed to technology transitions [35][36] Question: Impact of cloud CapEx slowing down - Management does not anticipate a slowdown in global cloud CapEx, citing ongoing investments in sovereign cloud strategies [47][48] Question: AI orders and future growth rates - AI orders are expected to continue growing, with management emphasizing the need for execution and capacity increases [81][84] Question: Networking orders strength and product cycle contributions - Networking orders showed broad strength across various segments, with expectations for continued growth driven by product refresh cycles [70][71] Question: Tariff impact on guidance for Q4 - Management confirmed that the guidance for Q4 includes assumptions about tariffs, reflecting potential impacts on gross margins [106][107]

Red Cat Holdings (RCAT) Q1 2025 Earnings Call May 14, 2025 04:30 PM ET Speaker0 Please note this event is being recorded. During this call, management will be making forward looking statements, including statements that address Redcat's expectations for future performance or operational results. Forward looking statements involve risks and other factors that that may cause actual results to differ materially from those statements. For more information about these risks, please refer to the risk factors desc ...

Financial Data and Key Metrics Changes - Net revenues decreased by $2,800,000 or 85% from $3,300,000 for the three months ended March 31, 2024, to $500,000 for the three months ended March 31, 2025 [8] - Cost of net revenues decreased by $900,000 or 69% from $1,300,000 for the three months ended March 31, 2024, to $2,400,000 for the three months ended March 31, 2025 [10] - Gross margin decreased to 18% for the three months ended March 31, 2025, from 60% for the three months ended March 31, 2024 [11] Business Line Data and Key Metrics Changes - The decrease in net revenues was primarily due to a reduction of $2,300,000 in product sales and a decrease of $500,000 in service revenue [9] - The gross margin for product sales was at negative 120%, mainly due to low volume of product sales [11] Market Data and Key Metrics Changes - The company anticipates that the average selling price of the new 5G chipset will be approximately four times higher than that of the current 4G offering [7] - The company expects to benefit from higher global market demand and market prices in the 5G chip market once sales commence [10] Company Strategy and Development Direction - The company has officially begun the 5G product era and is focused on customer sampling starting this month, leading to volume shipments in Q3 and beyond [4] - The company has accelerated partnerships with renowned partners like Globalstar, Aramco Digital, Samsung, and Kyocera to enhance its 5G initiatives [4][5] - A letter of intent has been signed with Orbit North America to jointly develop and supply a mobile hotspot and FWA gateway utilizing a Verizon certified 5G module [5] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about the impact of 5G on the company's income statement and balance sheet starting from the second half of the year [7] - The company is focused on driving innovation and supporting the global transition to 5G solutions, aiming for substantial growth based on the 5G chipset launch [12] Other Important Information - The company closed the quarter with cash and cash equivalents of $1,000,000, net accounts receivable of $4,500,000, and net inventory of $3,100,000 [11] - The company has filed shelf registrations providing up to $200,000,000 in capacity, including a $75,000,000 at-the-market facility to enhance financial flexibility [11] Q&A Session Summary Question: Follow-up on the partnership with Orbit for the 5G mobile hotspot - Management expressed excitement about the Orbit relationship, indicating it will involve collaboration for multiple operators and products [16][18] Question: Details on the sampling and commercial shipments for 5G - Management confirmed that sampling will commence with six primary customers, with plans to move into commercial shipments in the second half of the year [23][25] Question: Supply chain readiness for volume production - Management indicated confidence in the supply chain's capability to transition to volume production, leveraging existing relationships [26] Question: Operational expenses outlook for the second half of the year - Management stated that operational expenses are not expected to scale at the same rate as revenue, with tight cost control processes in place [28]

Aytu Biopharma (AYTU) Q3 2025 Earnings Call May 14, 2025 04:30 PM ET Speaker0 Please note this conference is being recorded. I will now turn the conference over to your host, Robert Blum, Investor Relations at Robert, your line, you may begin. Speaker1 Thank you very much, and good afternoon, everyone. As the operator indicated, during today's call, we will be discussing Aytu BioPharma's fiscal twenty twenty five third quarter operational and financial results for the period ended 03/31/2025. With us on tod ...

Financial Data and Key Metrics Changes - Full year fiscal 2025 revenue reached a record $1,900,000,000, marking a $1,000,000,000 increase over the last four fiscal years, driven by 186 new stores and strong same-store sales growth [5][6] - Earnings per diluted share grew by 23% to $5.88, an increase of $1.08 over the prior year [5] - Fourth quarter total revenue increased by 17%, with earnings per diluted share at $1.22 compared to $0.96 in the prior year [6][22] Business Line Data and Key Metrics Changes - Merchandise margin expanded by 130 basis points for the full year and by 210 basis points in the fourth quarter [5][19] - Same-store sales increased by 6% in the fourth quarter, with brick-and-mortar stores up 5.5% and e-commerce up 9.8% [6][22] - Exclusive brand penetration increased to 38.6% for fiscal 2025, with a growth of 1,500 basis points over the last four years [19] Market Data and Key Metrics Changes - The company opened 60 new stores in fiscal 2025, expanding its footprint into four new states, ending the year with 459 stores [11] - The customer loyalty database grew by 14% year-over-year, reaching 9,600,000 active customers [14] Company Strategy and Development Direction - The company plans to open 65 to 70 new stores in fiscal 2026, maintaining a 15% growth rate in new units [12] - The focus remains on expanding exclusive brands while driving growth within third-party partners, with a goal to maintain merchandise margin rates despite potential price increases due to tariffs [20][21] - The company is diversifying its supply chain to reduce reliance on China, with only 5% of exclusive brand goods expected to be sourced from China in the second half of fiscal 2026 [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating ongoing uncertainties related to tariffs and consumer demand, with a strong trend of growth continuing into fiscal 2026 [7][27] - The company anticipates potential merchandise margin pressure in the second half of fiscal 2026 due to tariff impacts, but expects to leverage strong sales growth in the first half [20][27] Other Important Information - The company has authorized a share repurchase program of up to $200,000,000, reflecting confidence in strong cash flow generation [32] - Inventory increased by 25% year-over-year, attributed to new store openings and proactive shipment pull-forwards in anticipation of tariffs [26] Q&A Session Summary Question: Can you elaborate on April and May same-store sales? - Management noted strong sales trends in the first six weeks of Q1, with a consistent performance across major merchandise categories, expecting to maintain positive comp growth [37][38] Question: Can you elaborate on pricing power and tariff headwinds? - Management indicated that tariffs are expected to impact margins by approximately $8,000,000, with price increases anticipated in the summer [39][41] Question: How are new markets performing compared to legacy markets? - New store openings have positively impacted e-commerce sales, with notable increases observed in states like New York [95][96] Question: What is the strategy for managing SG&A expenses? - Management expects to leverage SG&A through normalized expenses and increased store count, which helps cover fixed costs [72][77] Question: How does the company view the competitive landscape? - Management has not observed significant changes in competitor behavior, noting that larger competitors remain rational while smaller players may face challenges [90][91]

New Fortress Energy (NFE) Q1 2025 Earnings Call May 14, 2025 04:30 PM ET Speaker0 Good day, and welcome to the NFE First Quarter twenty twenty five Earnings Call. Today's conference is being recorded. At this time, I will be handing the call over to Matt Reinhardt, Managing Director, for introductory remarks. Speaker1 Good afternoon, everyone. Thank you for joining today's conference call, where we will be discussing our first quarter twenty twenty five results. The call is being recorded and will be availa ...

Rekor Systems (REKR) Q1 2025 Earnings Call May 14, 2025 04:30 PM ET Speaker0 Good afternoon, ladies and gentlemen, and welcome to today's Recor Systems Inc. Conference Call. My name is Matt, and I'll be your coordinator for today. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. Before we start, I want to read you the company's abbreviated Safe Harbor statement. I want to remind you ...

Financial Data and Key Metrics Changes - For Q1 2025, revenue was $5.9 million, down from $11.5 million in Q4 2024 and $13.2 million in Q1 2024, with 29 units recognized compared to 51 units and 62 units in the previous quarters [24][25] - Cost of goods sold decreased to $4.7 million from $15.2 million in Q4 2024 and $10.4 million in Q1 2024 [24] - GAAP gross margin was a profit of $1.2 million or 20.6%, compared to a loss of $3.7 million in Q4 2024 and a profit of $2.8 million in Q1 2024 [25] - Non-GAAP gross margin was approximately $900,000 or 15%, down from $2.7 million in Q4 2024 but up from $1.7 million in Q1 2024 [25][26] - Operating expenses were $10.5 million, down from $10.9 million in Q4 2024 and $13 million in Q1 2024 [26] - Operating loss for Q1 2025 was $9.3 million, improved from a loss of $14.6 million in Q4 2024 and $10.2 million in Q1 2024 [27] - Cash and cash equivalents totaled $4.8 million, with free cash flow negative at $4.8 million [28][29] Business Line Data and Key Metrics Changes - The company shipped a total of 60 units in Q1 2025, including 31 additional strip chassis for UPS, but only recognized revenue for 29 units due to GAAP standards [24][7] - The MD XT, a new medium-duty chassis cab, was launched, targeting a total addressable market of up to 100,000 units per year in the U.S. [12][15] Market Data and Key Metrics Changes - Customer demand remains consistent, with growing interest from national fleets, while smaller regional operators are leveraging state incentive programs [8] - The market for conventional chassis cab products like the MD XT can sell up to 100,000 units per year, significantly larger than the strip chassis market [39] Company Strategy and Development Direction - The company aims to focus on growth, protecting margins, and managing liquidity with discipline [6][18] - Plans to reduce exposure to tariffs through reshoring and resourcing strategies [10] - The MD XT is positioned as a more affordable and reliable option compared to legacy players, which are pricing their electric chassis cabs over $300,000 [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating challenges such as new emissions rules, tariffs, and interest rates, emphasizing customer trust and reliable truck performance [7] - The company reaffirmed its full-year 2025 guidance for revenue between $50.2 million and $65.8 million, with unit deliveries between 320 and 420 units [29] Other Important Information - The company has made significant progress in collecting receivables, totaling $10.2 million in Q1 2025 [29] - The MD XT is still undergoing safety certifications and is targeted for production ramp-up by Q3 2026 [17] Q&A Session Summary Question: Can you speak about the parts commonality between your step vans and the MD XT? - The MD XT shares over 90% of the same commodity components with the step van, reducing costs and training requirements [35][36] Question: What are potential customers saying about the MD XT? - The market for the MD XT is larger, with several sizable fleets already interested, and it is expected to take time to ramp up orders [40] Question: How should we think about revenue recognition for the UPS units? - The margin profile for large national customers is lower, but this will be offset by other products in the portfolio, with a concentration of deliveries expected in Q2 and Q3 [42][43] Question: Can you provide an update on the ChargeHub? - There is significant interest in the ChargeHub, with orders coming from outside the truck customer base, and the company is exploring additional features for future versions [46][47]

Usio (USIO) Q1 2025 Earnings Call May 14, 2025 04:30 PM ET Speaker0 Hello, and welcome to Usio's First Quarter Fiscal twenty twenty five Earnings Conference Call. All participants will be in a listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note, today's event is being recorded. Now, I would like to turn the conference over to your host, Paul Manley. Please go ahead, sir. Speaker1 Thank you, operator, and thank you, everyone, for joining our call today. We ...

Codexis (CDXS) Q1 2025 Earnings Call May 14, 2025 04:30 PM ET Speaker0 As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to your host, Carrie McKim, Director of Investor Relations. Carrie, please go ahead. Speaker1 Thank you, operator. With me today are Doctor. Stephen Dilly, Codexis' Chairman and Chief Executive Officer Georgia Erbez, Chief Financial Officer and Doctor. Stephane Lutz, Senior Vice President of Research. During this call, management will making a nu ...