AMN Healthcare Services (AMN) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good day, and thank you for standing by. Welcome to the AMN Healthcare first quarter twenty twenty five earnings call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. You'll then hear an automated message advising that your hand is raised. To withdraw yo ...

Sweetgreen (SG) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Thank you for standing by. My name is Tina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Sweetgreen Incorporated First Quarter twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. We respectfully ask that you keep your questions to one. Press 1 again. Thank you. ...

Globalstar (GSAT) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Day, and thank you for standing by. Welcome to the Globalstar First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again. Please be advised that today's conference is being recorded. ...

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $29.1 million, representing a 151% increase year over year [5][28][33] - GAAP gross margin was 37%, down year over year, primarily due to the impact of recent acquisitions [34] - Non-GAAP gross margin was 51%, adjusted for noncash amortization and employee stock compensation [34] - Non-GAAP net loss was $22.3 million, with a loss per share of 6 cents [39] Business Line Data and Key Metrics Changes - The number of active restaurants using Voice AI ordering solutions reached nearly 13,000 locations, handling approximately 10 million interactions per quarter [30][31] - The company activated over 1,000 new live restaurant locations in a single quarter, a tenfold increase compared to the previous year [29] - The automotive sector saw a relative softness this quarter due to macroeconomic uncertainties, but the company remains optimistic about future contributions from this vertical [46][48] Market Data and Key Metrics Changes - The company is experiencing balanced contributions across various industries, including automotive, restaurants, financial services, healthcare, and hospitality [45] - The automotive business, which previously comprised 80% of the company's revenue mix, is now a low double-digit percentage, indicating diversification [48] - The company is seeing strong momentum in the restaurant sector, with significant penetration in pizza and drive-thru operations [49] Company Strategy and Development Direction - The company is focused on leveraging its AI technology to drive innovation and efficiency across various sectors, including voice commerce and agentic AI [10][12][23] - The recent acquisitions are expected to enhance the company's capabilities and market position, particularly in the restaurant and automotive sectors [6][35] - The company aims to achieve adjusted EBITDA profitability by the end of 2025, with a commitment to disciplined cost management [41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of AI momentum and business traction despite macroeconomic volatility [40][41] - The company is optimistic about the growth potential in voice commerce and the expansion of its serviceable markets [33][40] - Management noted that the trends in AI and voice technology are creating favorable conditions for business growth [26][41] Other Important Information - The company has a strong pipeline of new OEMs and is optimistic about the voice commerce solution's potential [34][39] - The company is actively working on improving retention rates and customer success following the acquisition of Amelia [72] Q&A Session Summary Question: How should the company think about the levels of business from different verticals? - The company has seen balanced contributions across industries, with optimism about growth in both automotive and restaurant sectors [45][46] Question: How mature are the AgenTic solutions being deployed? - The company has been developing agentic behavior for over ten years, and the solutions are now live and in production [55][56] Question: Could economic uncertainty impact the restaurant business? - The company believes that both good and challenging economic conditions drive interest in their technology for efficiency gains [61][62] Question: Have there been changes in the competitive landscape? - The company has seen more players enter the market but maintains a mature state in technology and customer integration [64][65] Question: How should investors model gross margin for the rest of the year? - The company expects gross margin improvements as it digests acquisitions and shifts its business mix [67][68] Question: What are the retention rates within Amelia? - The company is working to improve retention rates and has seen a pathway to strengthen gross retention and net retention [71][72]

Financial Data and Key Metrics Changes - The company reported a total revenue of $33.3 million for Q1 2025, reflecting a year-over-year growth of 22% [17] - Excluding $1.5 million of customer care revenue from the prior year, revenue growth was nearly 30% [17] - Adjusted EBITDA was positive at $3.3 million, a significant improvement from an adjusted EBITDA loss of $1.2 million in Q1 2024 [24][26] - The company generated positive cash flow of $1.4 million in the quarter, compared to a negative cash flow of $3.6 million in the same quarter last year [26] Business Line Data and Key Metrics Changes - Claims-based business revenue was $17.1 million, showing a year-over-year growth of 38% [18] - Eligibility revenue for the quarter was $16.1 million, representing a 20% increase compared to the previous year [19] - The company implemented 13 commercial programs in the quarter, expected to contribute $4.5 million to $5 million in annualized revenue at steady state [20] Market Data and Key Metrics Changes - The commercial market remains a significant opportunity, with a robust pipeline of both existing and new client opportunities [21] - The company is seeing a rebound in government revenue, indicating a positive trend in the healthcare payment integrity market [11] Company Strategy and Development Direction - The company is focused on advancing technology and client-centric partnerships to drive growth and deliver value [6] - Strategic investments are being prioritized to win new business and ensure sustainable, profitable long-term growth [7] - The company aims to lead in the eligibility space by delivering high-quality results and has successfully displaced legacy vendors [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth strategy and the positive impact of recent operational improvements [14] - The company anticipates continued positive adjusted EBITDA in future quarters and aims to achieve free cash flow generation by the end of 2025 [25][26] - Management noted that the demand for healthcare payment integrity services is at a critical inflection point, emphasizing the urgency of addressing fraud, waste, and abuse [6] Other Important Information - The company is well insulated from tariff pressures, as all revenue is domestic and does not rely on foreign goods or services [22] - The New York State Medicaid RAC implementation is progressing well, with expectations of double-digit annualized revenue at steady state [9] Q&A Session Summary Question: What was the main driver for the faster growth in claims-based services revenue compared to eligibility-based revenue? - The main driver was the mix of implementations, with a stronger focus on claims-based business in recent years [30] Question: What should be expected regarding adjusted EBITDA guidance and potential declines in the middle of the year? - The company anticipates maintaining positive adjusted EBITDA every quarter, with some fluctuations due to investments in the New York RAC implementation and the decline of Region 5 [32][33] Question: Can an update on project turning and tech initiatives be provided, specifically regarding ROI expectations? - Initial product integrations are expected to yield results as soon as this quarter, with operationalization across 2025 leading to higher efficiency and expanded EBITDA margins [34]

Paysign (PAYS) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good afternoon. My name is Chelsea, and I will be your conference operator today. At this time, I would like to welcome everyone to the PaySign, Inc. First Quarter twenty twenty five Earnings Conference Call. After the speakers' remarks, there will be a question and answer session. As a reminder, this conference is being recorded. The comments on today's call regarding PaySign's financial results will be on a GAAP basis unless otherwise ...

Wolfspeed (WOLF) Q3 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Hello, everyone, and thank you for joining the Wolfspeed Incorporated Third Quarter Fiscal twenty twenty five Earnings Call. My name is Megan, and I will be your coordinating your call today. I will now hand you over to your host, Tyler Groenbach, VP of External Affairs to begin. Please go ahead. Speaker1 Thank you, operator, and good afternoon, everyone. Welcome to Wolfspeed's third quarter fiscal twenty twenty five conference call. T ...

Golden Entertainment (GDEN) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to Golden Entertainment First Quarter twenty twenty five Earnings Conference Call. Please note that this call is being recorded today. Now I'd like to turn the conference over to James Adams, the company's Vice President of Corporate Finance and Treasurer. Speaker1 Please go ahead, sir. Speaker2 Thank you very much, operator, and good afternoon, everyon ...

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $650.7 million, down 5% year over year and 2% sequentially, primarily due to known NEMT contract attrition, lower build hours in PCS, and membership churn in monitoring [20][21] - Net loss for the quarter was $50.4 million, up from $22.3 million a year ago, mainly due to higher interest expense which rose to $38.8 million [21] - Adjusted net loss was $24.5 million or negative $1.71 per share, reflecting the exclusion of restructuring-related costs and amortization of intangibles [21] - Adjusted EBITDA was $32.6 million, essentially flat year over year but down sequentially, with key drivers including an $8 million impact from net NEMT contract development [21][22] Business Line Data and Key Metrics Changes - In NEMT, revenue was $449 million, representing 69% of total revenue, declining 6% year over year due to previously disclosed contract losses [22] - Average monthly members in NEMT declined 19% year over year and 20% sequentially, while utilization from the normalization of healthcare increased to 12% [22] - PCS contributed $181.8 million in revenue or 28% of total revenue, with revenue per hour rising 1.1% while service hours declined 2.1% due to expected seasonality [24] - Monitoring contributed $18.1 million in revenue, representing just 3% of total revenue but 16% of total adjusted EBITDA, with adjusted EBITDA at $5.2 million for a 29% segment margin [25] Market Data and Key Metrics Changes - The broader opportunity in the 2026 pipeline exceeds $500 million in potential contract value, with the company experiencing a loss of a regional contract totaling $15 million in annual revenue [6][7] - In Indiana, referral volume increased by more than 45% year over year, while new Southeastern markets delivered sequential growth [9] Company Strategy and Development Direction - The company aims to grow and retain core customer relationships, digitize and automate the Care Access platform, optimize the operating model for simplicity and scale, increase capital efficiency, and deliver high-impact client-centric supportive care [4][5] - The long-term vision is to become the digital infrastructure for supportive care, unifying fragmented benefits and delivering a coordinated member experience [19] Management's Comments on Operating Environment and Future Outlook - Management noted that the decline in revenue was expected and reflects prior year customer transitions and market dynamics that are largely behind the company [20] - The company is focused on executing against measurable initiatives and communicating progress through clear objective KPIs and milestones, without issuing formal guidance for 2025 [28] Other Important Information - The company launched a company-wide G&A reduction initiative targeting approximately $25 million in annualized savings [14] - The net contracts receivable rose to $109 million, up from $95 million in Q4, due to expected billing timing [26] Q&A Session Summary Question: How should cash flow generation be modeled for the rest of the year? - Management indicated that EBITDA is driving cash flow and expects meaningful improvement in cash flow generation as the year progresses, particularly due to contract restructuring and working capital improvements [31][38] Question: Why did contract receivables increase despite a decline in revenue? - The increase in accounts receivable was attributed to the contract mix and shared risk contracts that have not yet been converted [39][40] Question: Is there a positive cash flow possibility in Q3? - Management acknowledged that due to large debt payments in Q2 and Q4, positive cash flow from operations may not be achievable in those quarters, but they feel good about cash flow generation for the year overall [51][54] Question: Can you elaborate on the G&A savings? - The $25 million in G&A savings primarily comes from labor efficiencies within corporate and shared service areas as the company continues to streamline operations [57][59]

Vasta Platform (VSTA) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Ladies and gentlemen, this is the operator. Today's conference is scheduled to begin momentarily. Until that time, your lines will remain on music hold. Thank you for your patience. Thank you for standing by. My name is Kathleen, and I will be your conference operator today. At this time, I would like to welcome everyone to the Vasta Platform First Quarter twenty twenty five Financial Results. All lines have been placed on mute to ...