Nexxen International (NEXN) Q1 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Billy Eckert - VP of Investor RelationsOfer Druker - CEO & Executive DirectorSagi Niri - CFOAndrew Marok - DirectorMatthew Condon - Director Equity Research - Internet & Digital MediaNat Schindler - Managing Director - Equity Research Conference Call Participants Jason Kreyer - Senior Research AnalystMaria Ripps - Managing Director, Senior Research AnalystBarton Crockett - Managing Director & Senior Research Anal ...

Innoviz Technologies (INVZ) Q1 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Ada Menaker - VP - Corporate Development & Investor RelationsOmer David Keilaf - Co-Founder, CEO & DirectorEldar Cegla - Chief Financial OfficerJash Patwa - Equity Research AssociateCasey Ryan - Director of Research Conference Call Participants Mark Delaney - AnalystKevin Garrigan - Senior Research Analyst Ada Menaker Good morning. I would like to welcome you to our Q1 twenty twenty five earnings conference call. ...

Creative Realities (CREX) Q1 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Ryan Mudd - Interim CFORick Mills - CEOBrian Kinstlinger - MD, Director of Research & Head of Technology Research Conference Call Participants Cal Bartyzal - Equity Research AnalystHoward Halpern - Principal Equity Analyst Operator Good morning. This time, I would like to welcome everyone to Creative Realities twenty twenty five First Quarter Earnings Conference Call. This call will be recorded and a copy will be a ...

Danaos (DAC) Q1 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Evangelos Chatzis - VP, CFO, Treasurer & SecretaryJohn Coustas - Chairman, President & CEOOmar Nokta - Managing Director Operator Good day, and welcome to the Danaus Corporation Conference Call to discuss the Financial Results for the Three Months Ended 03/31/2025. As a reminder, today's call is being recorded. Hosting the call today is Doctor. John Coustas, Chief Executive Officer of Danaus Corporation and Mr. Evangelos Hazzis ...

NetSol (NTWK) Q3 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Patti McGlasson - Senior VP of Legal & Corporate Affairs, Corporate Secretary and General CounselNajeeb Ghauri - Founder, Chairman and Chief Executive OfficerRoger Almond - CFOTodd Felte - SVP - Branch Manager Operator Good morning, and welcome to Netsoul Technologies Fiscal Third Quarter twenty twenty five Earnings Conference Call. On the call today are Najeeb Ghauri, Founder, Chairman and Chief Executive Officer Roger Allman ...

Chicago Atlantic BDC (LIEN) Q1 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Tripp Sullivan - PresidentPeter Sack - CEOMartin Rodgers - CFODino Colonna - PresidentPablo Zuanic - Managing Partner Operator Day, and welcome to the Chicago Atlantic BDC First Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note, today's event is being recorded. I'd now like to tu ...

TWFG (TWFG) Q1 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Richard Bunch - Chairman, CEO & DirectorJanice Zwinggi - Chief Financial OfficerPablo Singzon - Executive DirectorTommy McJoynt - Director - Equity Research Conference Call Participants Paul Newsome - MD & Senior Research AnalystBrian Meredith - AnalystMichael Zaremski - Managing Director & Senior Equity Research Analyst Operator Good day, ladies and gentlemen. Welcome to the TWFG First Quarter twenty twenty five Earnings Confer ...

LiqTech International (LIQT) Q1 2025 Earnings Call May 14, 2025 09:00 AM ET Company Participants Robert Blum - Managing PartnerFei Chen - CEO, President & DirectorDavid Kowalczyk - CFO & COO Conference Call Participants None - Analyst Operator Good day, and welcome to the Lichtank International Reports First Quarter twenty twenty five Financial Results Call. All participants will be in listen only mode. Please note this event is being recorded. I would now like to turn the conference over to Robert Blum wit ...

Financial Data and Key Metrics Changes - In Q1, the company generated contribution ex TAC of $75 million, representing an 8% year-over-year growth [18] - Programmatic revenue reached a Q1 record of $71.8 million, reflecting a 10% increase compared to Q1 2024 [18] - Adjusted EBITDA was $23.1 million, a 95% increase from Q1 2024, with an adjusted EBITDA margin increasing to 31% from 17% [20][21] - Non-IFRS diluted earnings per share were $0.16 in Q1 2025, compared to $0.02 in Q1 2024 [21] Business Line Data and Key Metrics Changes - CTV revenue reached a record of $26.4 million, reflecting 40% year-over-year growth, accounting for 37% of programmatic revenue, up from 29% in Q1 2024 [19] - Self-service contribution ex TAC grew by 32%, while PMP revenue rose by 12% year-over-year [20] - Contribution ex TAC from display decreased by 22%, largely due to declines in non-core, non-programmatic business lines [20] Market Data and Key Metrics Changes - The company observed continued growth in CTV, video, self-service products, and PMPs, with increases across education, finance, health, and automotive verticals [19] - The company is well diversified across various verticals, mitigating risks from any single sector [35] Company Strategy and Development Direction - The company emphasizes its unified end-to-end platform, which is gaining recognition for delivering simplicity, control, and efficiency [6] - The launch of NextAI is seen as a transformational step, enhancing the advertising journey through AI and machine learning capabilities [7][8] - The company aims to capitalize on the long-term growth opportunity in CTV as consumers shift to ad-supported streaming [11] Management's Comments on Operating Environment and Future Outlook - Management remains cautious about the advertising market due to economic uncertainty but is confident in achieving its full-year guidance [23][25] - The company is well positioned to support customers in challenging markets, focusing on efficiency and stronger ROI [25][26] - The ongoing Google AdTech antitrust case could potentially benefit the company by creating a more level playing field in the market [27] Other Important Information - The company repurchased approximately 3.7 million ordinary shares in Q1, representing an investment of about $32.9 million [21] - The company has no long-term debt and plans to continue allocating capital to share repurchases [22] Q&A Session Summary Question: Can you elaborate on the macro comments and specific verticals showing strength or weakness? - Management noted some softness in April but emphasized diversification across verticals, which helps mitigate risks [34] Question: Is the reiteration of guidance due to conservatism or related to AI investments? - Management indicated that the adjusted EBITDA beat was due to several factors, including top-line performance and better utilization, while maintaining caution regarding yearly guidance [36] Question: What feedback are you receiving from customers unfamiliar with Nexon? - Management highlighted improved messaging and the rising importance of data as key factors in attracting new customers [40] Question: Will there be incremental investments to take advantage of the Google outcome? - Management stated that no extra investment is needed, as growth can be achieved with current resources [44] Question: Can you provide more color on CTV segment growth versus platform improvements? - Management anticipates reaching around 40% CTV revenues out of programmatic revenue, while remaining cautious about external factors [49] Question: What partnerships are driving growth? - Management emphasized a diversified approach and did not rely on any single partnership for growth [70] Question: What percentage of DSP buys go through your SSP? - Currently, about 50% of DSP buys are facilitated through the SSP, with potential for growth in the future [74]

Financial Data and Key Metrics Changes - Gross investment income for Q1 2025 was $11.9 million, a decrease from $12.7 million in Q4 2024 [11] - Net investment income was $7.6 million or $0.34 per share, compared to $8.0 million or $0.35 per share in the previous quarter [12] - Net expenses were $4.3 million, slightly down from $4.4 million in the last quarter [12] - Net assets at quarter end were $301 million, with NAV per share at $13.19 [12] Business Line Data and Key Metrics Changes - The company has 31 portfolio companies, with 21% of the portfolio invested outside of cannabis [12] - The average debt position size is 3% of the debt portfolio, with 76% of the portfolio being floating rate [13] - The gross weighted average yield on company debt investments is approximately 16.6% [13] Market Data and Key Metrics Changes - The company has originated $52.8 million in gross fundings since October 1, 2024, with $32.3 million committed and $20.8 million funded in Q1 2025 [7] - The pipeline includes approximately $590 million in potential debt transactions across 35 unique companies, with $462 million in cannabis opportunities and $128 million in non-cannabis investments [16] Company Strategy and Development Direction - The company focuses on lending to cannabis companies and other underserved markets, aiming to deploy capital with differentiated risk-reward profiles [5] - The strategy includes maintaining a disciplined underwriting approach and being selective with borrowers to build durable investment portfolios [19] - The company aims to grow its dividend component as it scales its platform, having declared a total of $1.27 in dividends over the last four quarters [8] Management's Comments on Operating Environment and Future Outlook - Management believes the outlook for common sense reforms in the cannabis industry is positive, but the timing remains unpredictable [10] - The company is positioned well for 2025, focusing on proven operators and strong markets to support growth initiatives [10] - Management emphasizes a long-term view of partnership building with operators, regardless of broader market conditions [23] Other Important Information - The company has no non-accruals compared to an industry average of 3.9% [7] - A new $100 million credit facility was closed during the quarter, providing ample liquidity for future investments [14] Q&A Session Summary Question: General macro outlook and deployment readiness - The company maintains a focus on individual state markets rather than the broader U.S. cannabis industry, allowing for disciplined deployment of capital [23][25] Question: Pipeline activity comparison to previous quarters - There is no significant difference in the ratio of cannabis to non-cannabis investments, with fluctuations being ordinary [26] Question: Flexibility to increase the credit facility - The company sees room to grow its senior secured credit facility and add modest unsecured notes in a disciplined manner [27] Question: Debt leverage threshold - The company expects to remain well below industry averages for debt leverage in the foreseeable future [28] Question: Dividend growth expectations - The company does not provide specific dividend guidance but will distribute nearly all of its income by the end of the year [30]