Spectral AI (MDAI) Q4 2024 Earnings Call March 27, 2025 05:00 PM ET Company Participants Sara Prendergast - Assistant General CounselMichael DiMaio - Chairman of BoardVince Capone - CFO & General CounselCarl Byrnes - Managing DirectorJihang Wang - Director of Data ScienceJeffrey Carter - Chief Medical Consultant Conference Call Participants Ryan Zimmerman - Managing Director & Medical Technology AnalystJohn Vandermosten - Senior AnalystSwayampakula Ramakanth - Managing Director & Senior Equity Analyst Opera ...

The Beachbody Company (BODI) Q4 2024 Earnings Call March 27, 2025 05:00 PM ET Company Participants Bruce Williams - Managing DirectorMark Goldston - Executive ChairmanCarl Daikeler - Co-Founder, Chairman & Chief Executive OfficerBrad Ramberg - Interim Chief Financial OfficerJohn-Paul Wollam - Equity Research Associate Conference Call Participants Susan Anderson - Managing Director & Senior AnalystGowshihan Sriharan - Analyst Operator I would now like to pass the conference over to your host, Bruce Williams, ...

Financial Data and Key Metrics Changes - For Q4 2024, total revenue increased by 40% year-over-year to $33.2 million, with adjusted net income growing by 126% to $13.4 million and adjusted EBITDA rising by 51% to $16.6 million [10][28][29] - For the full year 2024, total revenue rose by 69% to $111.9 million, adjusted net income increased by 58% to $46.5 million, and adjusted EBITDA grew by 57% to $61.6 million [11][26][29] Business Line Data and Key Metrics Changes - Policy originations increased by 63% to 1,034 in 2024, with capital deployed exceeding $344 million [12] - Active management revenue was a significant driver of revenue growth, attributed to increased capital deployment and more policies sold directly to third parties [26][27] Market Data and Key Metrics Changes - The company successfully completed acquisitions that added approximately $2.6 billion in assets under management, enhancing its market reach and capabilities [14][15] - The company reported a strong liquidity position with cash and cash equivalents of $128.8 million as of December 31, 2024 [31] Company Strategy and Development Direction - The company aims to revolutionize financial services through expert asset management and advanced technology, focusing on providing tailored financial solutions [18][17] - The rebranding to Abacus Global Management reflects the company's evolution and global market presence, with a commitment to maintaining momentum in the alternative asset management space [17][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a full-year 2025 adjusted net income between $70 million and $78 million, indicating growth of 51% to 68% compared to 2024 [13][32] - The management highlighted the positive impact of market volatility on origination interest, as individuals seek liquidity and investors look for unique assets [68][71] Other Important Information - The company announced management fee reductions across all ETFs and an 18-month fee waiver on four ETFs to enhance competitiveness [17] - The company has initiated a strategy to simplify its capital structure, including private warrant exchange agreements [22] Q&A Session Summary Question: Key swing factors and assumptions for guidance range - Management clarified that the guidance range does not depend on the full draw of the $50 million revolver, emphasizing strong origination as a key driver [38] Question: Update on direct channel metrics post-advertising adjustments - Management confirmed that advertising was not paused but targeted to non-swing states, resulting in positive impacts on policy origination [42][43] Question: Deployment of capital from recent equity and debt offerings - Management indicated that a significant amount of capital was deployed successfully, with a strong cash position remaining at year-end [48] Question: Strategy for holding policies on the balance sheet - Management stated that policies on the balance sheet are expected to hover around $370 million to $450 million as policies are bought and sold [56] Question: Update on the carrier buyback program - Management reported continued expansion of the carrier buyback program, anticipating growth in 2025 [62] Question: Changes in behavior of individuals life-settling policies - Management noted that market volatility tends to increase interest in liquidity options, positively impacting origination [68][71] Question: Year-end AUM at Carlisle and FCF - Management expressed optimism about the growth of AUM from the acquisitions, with significant interest in new offerings [76][78]

Financial Data and Key Metrics Changes - In Q4, consolidated revenues increased by 13% sequentially over Q3, with full-year revenues doubling compared to 2023 [8] - Operating expenses in Q4 rose due to hiring for new campuses and non-cash accruals for ground lease expenses, which amounted to over $1.4 million [9][11] - The company expects to reach cash flow break-even on a consolidated basis in Q4 of this year [12] Business Line Data and Key Metrics Changes - The wholly-owned Scarborough Capital subsidiary's revenues were flat from Q3 to Q4, but a significant increase in revenues is expected in Q2, Q3, and Q4 of this year as new campuses ramp up [15] - Adjusted EBITDA is now being reported as a key business metric, providing insights into operating performance and debt service capabilities [19][20] Market Data and Key Metrics Changes - The company reported strong liquidity with approximately $127 million in cash and U.S. Treasury bills, excluding $32 million used for acquisitions [27] - The long bond trading has shown positive trends, with ongoing interest from bondholders [28] Company Strategy and Development Direction - The company aims to secure investment-grade ratings for existing bonds and expects future debt service coverage ratios to exceed previous forecasts [29] - The focus for 2025 is on acquiring the best revenue-producing airfields in the country, with a strong emphasis on quality and speed in construction [62][64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the potential for significant acceleration in ground lease signings, with the pace of site acquisitions growing exponentially [70] - The company is not rushing to implement additional revenue streams, focusing instead on securing marquee airport sites and optimizing offerings for residents [74] Other Important Information - The company has begun the process of seeking investment-grade ratings for its existing bonds, which is expected to positively impact future financing [29][92] - The introduction of RapidBuilt is aimed at increasing the quality and speed of development, with potential opportunities to expand to clients outside of Sky Harbor in the future [95][96] Q&A Session Summary Question: Potential for 50 campuses in three to five years - Management indicated that if guidance is met, they would be halfway to this goal by the end of the year, with an exponential growth in site acquisition wins [70] Question: Expectations on price per square foot for new locations - Most new locations are expected to be greenfields, with additional revenue streams not prioritized at this time [75] Question: Campus development progress in 2026 - Management anticipates continuing at least the same pace as 2025, with a potential range of six or more airports [78] Question: Step-up in rents and existing tenant leases - Management noted that the step-up from the second lease to the third is expected to be less dramatic, with inflation being a guiding factor for future leases [80][82] Question: Funding gap for square footage in development - The company is deliberate in its capital raising plan, aiming to maintain a 12 to 18-month capital cushion ahead of deployment [86] Question: Update on raising $150 million - The company is in the process of a feasibility study and has received interest from institutional investors regarding potential debt financing [92] Question: Interest rate expectations for upcoming bond issuance - Current market conditions suggest new issuances may come at a slightly higher yield than existing bonds, with efforts to secure investment-grade ratings expected to positively influence this [102] Question: Impact of tariffs on procurement - Management confirmed that while there have been increases in steel prices due to tariffs, they had preemptively placed large orders to mitigate impacts [120]

PLUS THERAPEUTICS, Inc. (PSTV) Q4 2024 Earnings Conference Call March 27, 2025 05:00 PM ET Company Participants Sherry - Conference Call ModeratorDr. Mark Hedrick - President and Chief Executive OfficerAndrew Sims - Chief Financial OfficerEdward Wu - Accedient Capital (Caller)Jason Colbert - Deep World Capital (Caller - via Lindsay)Sean Lee - HC Wainwright (Caller) Dr. Mark Hedrick Final remarks, so after Q&A, just turn it back to me for a few seconds, please. Sherry Good afternoon, ladies and gentlemen. We ...

The Beachbody Company, Inc. (BODY) Q4 2024 Earnings Conference Call March 27, 2025 05:00 PM ET Company Participants Tania - ModeratorBruce Williams - Managing Director, ICRMark Goldston - Executive Chairman, The Beachbody CompanyCarl Deichler - Co-Founder and Chief Executive Officer, The Beachbody CompanyBrad Ramberg - Interim Chief Financial Officer, The Beachbody Company Conference Call Participants Susan Anderson - Analyst, Canaccord GenuityJP Wallum - Analyst, Roth Capital PartnersNgochi Sri - Analyst, ...

Financial Data and Key Metrics Changes - In Q1 2025, organic revenue increased by 1.9% year on year, primarily driven by positive volume trends [9][18] - EBITDA for the quarter was $114 million, which was at the high end of guidance but declined year on year as expected, with an EBITDA margin of 14.5% [9][20] - Adjusted earnings per share (EPS) was $0.54, down compared to the same quarter in 2024 due to lower operating income [20] - Cash flow from operations decreased year on year, driven by higher working capital needs associated with revenue growth [21] Business Line Data and Key Metrics Changes - In the Hygiene, Health and Consumables (HHC) segment, organic revenue increased by 4% year on year, supported by solid volume growth and positive pricing [11] - Engineering Adhesives (EA) saw a 2% decline in organic revenue, but EBITDA increased by 16% with an EBITDA margin of 18.7% [13][14] - Building Adhesive Solutions (BAS) experienced a 2% increase in organic sales, with EBITDA also increasing by 2% year on year [15] Market Data and Key Metrics Changes - In the Americas, organic revenue decreased by 1% year on year, primarily due to declines in HHC and EA, while BAS achieved over 8% organic revenue growth [16] - In EIMIA, organic revenue increased by 4%, driven by double-digit growth in HHC [16] - Asia Pacific saw a 7% increase in organic revenue, largely attributed to strength in China [17] Company Strategy and Development Direction - The company is focused on maintaining pricing discipline, driving market share gains, and managing cost structures effectively [7][8] - A long-term strategic plan aims to optimize the portfolio mix and streamline manufacturing costs to achieve a target EBITDA margin of over 20% [8] - The company is prioritizing share buybacks in response to market volatility and has temporarily slowed the timing of M&A transactions [22][23] Management's Comments on Operating Environment and Future Outlook - Management remains cautious due to weak overall market demand and unpredictable geopolitical conditions but is confident in adapting and executing in the current environment [8][26] - The company expects to see improvements in pricing and raw material dynamics throughout the year, with a favorable net benefit anticipated [10][24] - Full-year guidance for 2025 includes a net revenue decline of 2% to 4% and adjusted EBITDA in the range of $600 million to $625 million [24][25] Other Important Information - The company has a long-term leverage target of less than three times net debt to EBITDA, with current leverage at 3.5 times [21][22] - The company is actively working on PFAS-free alternatives in adhesives, positioning itself as an innovator in this space [129] Q&A Session Summary Question: What is the current operating standpoint regarding customer management through volatility? - Management noted that customers are cautious and focused on innovation, with no significant prebuying observed [35][36] Question: Can you provide an update on market share and competitive environment? - The company has gained market share in multiple segments, particularly in HHC, and is repositioning away from lower-value products [41][42] Question: What is the outlook for pricing and EBITDA margin in HHC? - Management expects improving margins in HHC throughout the year, ideally reaching a 16% to 17% EBITDA margin range [49][52] Question: How is working capital impacting cash flow? - Working capital needs have increased due to revenue growth, but management is confident in achieving the cash flow target for the year [55][56] Question: What trends are being observed in China post-Lunar New Year? - The company is experiencing mid to high single-digit growth in China, with strong performance in both HHC and EA segments [73][74] Question: How is the solar business expected to perform? - The solar business is expected to remain weak in revenue but improve in margins as the company shifts focus to higher-efficiency applications [86][88] Question: What is the impact of tariffs on customer revenues? - The direct impact of tariffs is minimal, but durable goods production may be more affected, with potential indirect impacts on the company [123][125] Question: What is the company's position on PFAS in adhesives? - The company has introduced PFAS-free alternatives and is positioned to benefit from the market shift away from PFAS-containing materials [129][130]

Urban One, Inc. (NASDAQ:UONE) Q4 2024 Earnings Conference Call March 27, 2025 10:00 AM ET Company Participants Alfred Liggins - Chief Executive Officer Peter Thompson - Chief Financial Officer Jody Drewer - Executive Vice President & Chief Financial Officer Conference Call Participants Aaron Watts - Deutsche Bank Ben Briggs - StoneX Financial Inc. Marlane Pereiro - Bank of America Securities Hal Steiner - BNP Paribas Matt Swope - Baird Operator Ladies and gentlemen, thank you for standing by and welcome to ...

Innate Pharma S.A. (NASDAQ:IPHA) Q4 2024 Earnings Conference Call March 27, 2025 9:00 AM ET Company Participants Henry Wheeler - VP, IR and Communications Jonathan Dickinson - CEO Yannis Morel - COO Sonia Quaratino - CMO Frederic Lombard - CFO Conference Call Participants Daina Graybosch - Leerink Partners Swayampakula Ramakanth - H.C. Wainwright Operator Hello, and welcome to the Innate Pharma Full Year 2024 Financial Results and Business Update. All lines have been placed on mute to prevent any background ...

Trisalus Life Sciences (TLSI) Q4 2024 Earnings Call March 27, 2025 04:49 PM ET Company Participants Jeremy Feffer - Managing DirectorMary Szela - CEO, President & DirectorJames Young - CFOCarl Byrnes - Managing DirectorRichard Marshall - Medical DirectorWilliam Plovanic - Managing Director - Equity Research Conference Call Participants Justin Walsh - Director & Research AnalystFrank Takkinen - Senior Research AnalystNone - Analyst Operator Good morning, and welcome to the Trisales Life Sciences Fourth Quart ...