Couchbase, Inc. (NASDAQ:BASE) Q4 2025 Earnings Conference Call February 25, 2025 4:30 PM ET Company Participants Edward Parker - ICR for Couchbase Matt Cain - Chair, President and CEO Greg Henry - CFO Conference Call Participants Sanjit Singh - Morgan Stanley Rob Oliver - Baird Jason Ader - William Blair Mike Cikos - Needham & Company Raimo Lenschow - Barclays Capital Howard Ma - Guggenheim Rudy Kessinger - D. A. Davidson Miller Jump - Truist Securities Operator Greetings and welcome to Couchbase Fourth Qua ...

Financial Data and Key Metrics Changes - In 2024, the company produced 9,029 vehicles, a 7% increase year-over-year, and delivered 10,241 vehicles, a 71% increase year-over-year [52][22] - GAAP gross margin for 2024 was negative 114%, an improvement from negative 225% in 2023, with Q4 gross margin at negative 89% [53][54] - Adjusted EBITDA in Q4 2024 was approximately negative $577 million, an improvement of 6% from Q3 2024 [59] - The company ended Q4 with approximately $5.08 billion in cash and total liquidity of approximately $6.13 billion [59][64] Business Line Data and Key Metrics Changes - The Lucid Air was the third-best-selling EV in its segment in the U.S. for 2024, and the number-one best-selling EV in the second half of 2024 [23][24] - The Lucid Gravity has seen strong demand, with orders exceeding expectations, particularly for the Grand Touring trim [27][28] Market Data and Key Metrics Changes - The company is expanding its retail footprint in Europe, adding sales studios and service centers, particularly in Germany [38] - The company opened orders in Saudi Arabia in early February, expecting to produce vehicles for customers there [36] Company Strategy and Development Direction - The company aims to focus on scaling production, optimizing operations, and driving financial discipline while investing in long-term growth [14][16] - Strategic priorities include driving customer deliveries, advancing technology leadership, and expanding the technology license business [41][43] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand for the Lucid Gravity and the overall growth potential in the EV market [26][29] - The company expects to produce approximately 20,000 vehicles in 2025, with continued growth anticipated in 2026 [63][39] Other Important Information - The company plans to take a bolder approach to marketing in 2025, particularly for the Lucid Gravity [34][41] - The company is closely monitoring potential policy and regulation changes in the U.S. that could impact operations [61] Q&A Session Summary Question: When is revenue from tech plays expected and what categories of products will make up that revenue? - Management clarified that while the company sees ample opportunity to leverage technology beyond automotive, it does not mean deprioritizing the automotive business [70][72] Question: Are the recent discussions regarding potential tech deals with the same manufacturers as before? - Management confirmed that the recent discussions are with different manufacturers and that the list of potential partners is growing [75][76] Question: Are there concerns about losing customers due to long wait times for Gravity deliveries? - Management stated that the wait times are normal for new product launches and that order intake remains healthy [78][79] Question: Can you provide an update on the Gravity order book? - Management indicated strong demand for the Gravity, with most orders configured at prices above $120,000, despite limited marketing efforts [86][87] Question: What is the expected impact of new tariffs on the company? - Management estimated that potential impacts from tariffs could range from 7% to 12% on gross margins, but they are taking steps to mitigate these effects [126][127]

Coupang (NYSE:CPNG) Q4 2024 Earnings Conference Call February 20, 2024 5:30 PM ET Company Participants Mike Parker - VP, IR Bom Kim - CEO and Chairman Gaurav Anand - CFO Conference Call Participants Stanley Yang - JPMorgan Eric Cha - Goldman Sachs Seyon Park - Morgan Stanley Jiong Shao - Barclays Operator Hello everyone. My name is Krista and I will be your conference operator today. At this time, I would like to welcome everyone to the Coupang 2024 Fourth Quarter Earnings Conference Call. All lines have be ...

Jazz Pharmaceuticals plc (NASDAQ:JAZZ) Q4 2024 Earnings Conference Call February 25, 2025 4:30 PM ET Company Participants Jeff Macdonald - Executive Director, Investor Relations Bruce Cozadd - Co-Founder, Chairman and Chief Executive Officer Renée Galá - President and Chief Operating Officer Robert Iannone - Executive Vice President, Global Head, Research and Development, Chief Medical Officer Philip Johnson - Executive Vice President and Chief Financial Officer Conference Call Participants Marc Goodman - L ...

Financial Data and Key Metrics Changes - Comparable hotels total revenue was $329 million for Q4 2024 and $1.4 billion for the full year, up approximately 4% and 2.5% compared to the same periods in 2023 [26] - Fourth quarter adjusted EBITDARE increased by approximately 7% and modified funds from operations (MFFO) rose by approximately 6% compared to Q4 2023 [10][36] - Comparable hotels RevPAR for Q4 was $109, up approximately 3%, with ADR at $153, up approximately 1%, and occupancy at 71%, up 2% compared to Q4 2023 [27] Business Line Data and Key Metrics Changes - The company achieved comparable hotels RevPAR growth of approximately 3% for Q4 and more than 1% for the full year, driven by improvements in both ADR and occupancy [9] - Comparable hotels occupancy for the full year was 75%, approximately 1% higher than 2023, while comparable hotels ADR was $159, up approximately 1% [27] Market Data and Key Metrics Changes - Approximately 55% of the company's hotels had no new upper upscale, upscale, or upper midscale product under construction within a five-mile radius at the end of Q4 [11] - The company noted that supply-demand dynamics remain favorable, with limited supply growth improving the overall risk profile of the portfolio [11] Company Strategy and Development Direction - The company continues to monitor its distribution rate and timing relative to hotel performance and potential capital uses, maintaining a disciplined approach to capital allocation [12][13] - The company has focused on optimizing its portfolio through strategic acquisitions and dispositions, with recent sales of six hotels for over $63 million [14][15] - The company plans to invest between $80 million and $90 million in capital expenditures during 2025, focusing on major renovations at approximately 20 hotels [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to produce strong returns for investors over the coming years, citing stable operating fundamentals and favorable supply-demand dynamics [22][23] - The outlook for 2025 includes expectations for net income between $173 million and $202 million, with comparable hotels RevPAR change projected between 1% and 3% [39][41] Other Important Information - The company paid distributions totaling $0.24 per common share during Q4, bringing the annual payout to approximately $244 million or $1.01 per common share [12][37] - The company has approximately $1.5 billion of total debt outstanding, with a weighted average interest rate of 4.7% and a debt maturity profile averaging three years [37][38] Q&A Session Summary Question: What operating expense growth has been assumed in the 2025 guidance? - Management indicated that normalizing for fixed cost hurdles, the assumed increase for total hotel expenses is around 4.2% at the midpoint, with variable expenses outside of fixed costs around 3.5% [49][50] Question: What percentage of the portfolio is considered non-core? - Management stated that between 7% and 10% of the portfolio fits the category of smaller hotels in tertiary markets with outsized CapEx needs [52] Question: How close is the midweek ADR to weekend ADR? - Management noted that midweek ADR continues to lag behind weekend ADR, with approximately 5% to go relative to pre-pandemic levels for meaningful rate growth [60][61] Question: What is the outlook for wage benefit growth this year? - Management expects wage benefit growth to be between 3.5% and 4% [130] Question: What is the company's strategy regarding capital redeployment? - Management highlighted that share repurchases have been the most attractive opportunity for redeployment, while also considering acquisitions based on market conditions [80][81]

Jack in the Box, Inc. (NASDAQ:JACK) Q1 2025 Earnings Conference Call February 25, 2025 5:00 PM ET Company Participants Chris Brandon - Vice President, Investor Relations Lance Tucker - Interim Principal Executive Officer Dawn Hooper - Interim Principal Financial Officer Conference Call Participants Brian Bittner - Oppenheimer Lauren Silberman - Deutsche Bank Gregory Francfort - Guggenheim Securities Operator Thank you for standing by, and good day, everyone. My name is Arzi [ph], and I will be your conferen ...

Revolve Group, Inc. (NYSE:RVLV) Q4 2024 Earnings Conference Call February 25, 2025 4:30 PM ET Company Participants Erik Randerson – Vice President-Investor Relations Mike Karanikolas – Co-Founder and Co-Chief Executive Officer Michael Mente – Co-Founder and Co-Chief Executive Officer Jesse Timmermans – Chief Financial Officer Conference Call Participants Randy Konik – Jefferies Oliver Chen – TD Cowen Jim Duffy – Stifel Nathan Feather – Morgan Stanley Michael Binetti – Evercore ISI Mark Altschwager – Baird A ...

OUTFRONT Media Inc. (NYSE:OUT) Q4 2024 Earnings Conference Call February 25, 2025 4:30 PM ET Company Participants Stephan Bisson - Head of Investor Relations Jeremy Male - Chairman and Chief Executive Officer Matthew Siegel - Executive Vice President and Chief Financial Officer Nick Brien - Interim Chief Executive Officer Conference Call Participants Jason Bazinet - Citi Cameron McVeigh - Morgan Stanley Daniel Osley - Wells Fargo Lance Vitanza - TD Cowen Isaac Sellhausen - Oppenheimer Patrick Sholl - Barrin ...

Caesars Entertainment, Inc. (NASDAQ:CZR) Q4 2024 Earnings Conference Call February 25, 2025 5:00 PM ET Company Participants Brian Agnew - SVP, Corporate Finance, Treasury and IR Anthony Carano - President and COO Eric Hession - President, Caesars Sports and Online Gaming Bret Yunker - CFO Thomas Reeg - CEO Conference Call Participants Carlo Santarelli - Deutsche Bank David Katz - Jefferies Brandt Montour - Barclays Daniel Politzer - Wells Fargo Steven Wieczynski - Stifel Barry Jonas - Truist John DeCree - C ...

Financial Data and Key Metrics Changes - Revenue for 2024 was $18.8 million, an increase of 10% over 2023 [4] - Gross margin rose to 50.4%, up from 49.7% in 2023 [19] - Operating loss improved to $2.5 million from a $3.1 million loss in 2023 [4][19] - Adjusted EBITDA for 2024 was negative $318,000 compared to a negative $1 million in 2023 [19] - Q4 2024 revenue grew 10% year-over-year to $4.8 million, up from $4.4 million in Q4 2023 [20] - Q4 operating loss was $411,000 compared to a $475,000 loss in Q4 2023 [21] Business Line Data and Key Metrics Changes - The Xtreme product line, targeted at the industrial market, did not see meaningful deployment in 2024 but is expected to grow in 2025 [5][6] - Significant investments were made in R&D, totaling $4.7 million, primarily for improvements to CaptureSDK [7] Market Data and Key Metrics Changes - The ruggedized scanning market is identified as a large opportunity, with a focus on diversifying beyond retail [10] - The introduction of the XtremeScan product line aims to capture new customer segments in industrial environments [11][12] Company Strategy and Development Direction - The company is focused on expanding its market presence in new markets, particularly in industrial environments [10] - Investments in customer and developer experience were made, including a new website and AI-powered developer support [16] - The strategy aims to reduce dependence on retail and become a more complete data capture company [17] Management Comments on Operating Environment and Future Outlook - Management acknowledged that 2024 was a difficult year for revenue but expressed optimism for deployments in 2025 [5][6] - The company expects to be cash positive in the second half of 2025, with no plans to raise cash in the current year [26] Other Important Information - The company ended 2024 with a cash balance of $2.5 million and inventory levels at $4.9 million [23] Q&A Session Summary Question: Will the company need to raise cash this year? - Management stated that there are currently no plans to raise cash this year, expecting to start the year with enough cash and to be cash positive in the second half [26]