Heritage Global (HGBL) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good day, everyone, and welcome to the Heritage Global Inc. First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. Later, you'll have the opportunity to ask questions during the question and answer session. Please note today's call will be recorded and we will be standing by if you should need any assistance. It is now my pleasure to turn today's conference over to John Nesbett o ...

Peakstone Realty Trust (PKST) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Realty Trust First Quarter twenty twenty five Earnings Webcast Conference Call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. It Speaker1 is Speaker0 now my pleasure to introduce your host, Mr. Steve Sweth, Investor Relations. Please go ahead, sir. Speaker1 Good afternoon, and thank you for ...

Yelp (YELP) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Kate Krieger - Director of Investor RelationsJeremy Stoppelman - Co-Founder, CEO & DirectorDavid Schwarzbach - CFOSergio Segura - Vice PresidentJed Nachman - COONitin Bansal - Vice President Conference Call Participants Cal Bartyzal - Equity Research AnalystNone - Analyst Operator Hello, and welcome to Yelp's First Quarter twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After ...

Financial Data and Key Metrics Changes - Same store sales decreased slightly more than 3.5 points at each brand, indicating a challenging operating environment [4] - Total restaurant sales for Bad Daddy's decreased by $1.6 million to $24.8 million for the quarter, primarily due to reduced customer traffic and a negative mix shift [17] - Good Times total restaurant sales increased by approximately $500,000 to $9.3 million for the quarter, with same store sales decreasing by 3.6% [20] - Net loss to common shareholders for the quarter was $600,000, compared to net income of $600,000 in the same quarter last year [24] Business Line Data and Key Metrics Changes - Bad Daddy's average menu price increased by 4.7% compared to Q2 of the previous year, while same store sales decreased by 3.7% [18] - Good Times experienced a 30.7% food and beverage cost for the quarter, an increase of 160 basis points compared to the prior year [21] - Good Times restaurant level operating profit decreased by $300,000 to $700,000, with a profit margin of 8% [24] Market Data and Key Metrics Changes - The company noted a shift towards a more value-oriented customer, aligning menu and promotions accordingly [4] - Colorado-specific trends negatively affected sales performance, particularly for Bad Daddy's in Colorado [12] Company Strategy and Development Direction - The company is focusing on improving kitchen execution, consistency, and product quality, with a new Director of Operations for Good Times [5][6] - Menu changes include rolling out new burger builds and condensing the menu to focus on core items [8][9] - Marketing efforts are shifting towards social and digital media, with promising results from Connected TV and video streaming tests [13][14] Management Comments on Operating Environment and Future Outlook - Management acknowledged a tough quarter and expects the operating environment in the third fiscal quarter to remain challenging [29] - The focus is on improving execution and value perception through quality and service, aiming for long-term sales and profitability gains [29] Other Important Information - The company has temporarily paused share repurchases to redirect cash flow towards cash accumulation, debt repayment, and remodels [25] - A new supply chain leader will be appointed, expected to enhance leadership and cost reduction [15] Q&A Session Summary Question: Are there any questions today? - There were no questions during the call, and the session was handed back for closing remarks [28]

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

Financial Data and Key Metrics Changes - First quarter revenue was $225 million, up 4% year over year, just below the midpoint of guidance range [28] - Marketplace revenue was $212 million for the first quarter, up 13% year over year, driven by strength in subscription-based listings revenue and OEM advertising revenue [28][30] - Non-GAAP gross profit was $200 million, up 14% year over year, with a non-GAAP gross margin of 89%, up approximately 720 basis points year over year [31] - Adjusted EBITDA was $66.3 million, up 32% year over year, with a margin of 29%, reflecting a favorable mix shift to high-margin Marketplace revenue [32] Business Line Data and Key Metrics Changes - Marketplace revenue grew 13% year over year, adding $25 million, driven by dealer count growth and increased adoption of value-added products [8] - International revenue expanded 20% year over year, supported by steady traffic growth and lead growth in Canada and the UK [8][10] - Wholesale revenue was about $8 million for the first quarter, down 52% year over year, driven by a 26% sequential decline in total digital wholesale segment transaction volumes [31] Market Data and Key Metrics Changes - In Canada, 90% of surveyed dealers reported better ROI on CarGurus compared to alternative platforms [9] - CarGurus was the most downloaded auto app in Canada in Q1, contributing to an 85% year over year increase in direct traffic [10] - The UK saw double-digit year over year lead growth, underpinned by an 82% year over year increase in direct traffic [10] Company Strategy and Development Direction - The company is focusing on three value creation drivers: expanding data-driven solutions for dealers, enhancing the car shopping journey for consumers, and enabling more online transactions [7] - The strategy for 2025 is termed the year of transformative innovation, heavily leveraging AI to open new avenues for product and platform growth [6] - The company is assessing its wholesale business model for sustainable growth and profitability potential [26] Management Comments on Operating Environment and Future Outlook - Management noted that while the market remains volatile, they have not seen a material impact on business related to tariffs [35] - The company anticipates exiting the year at a low double-digit year-over-year growth rate, despite potential shifts in market conditions [36] - Management emphasized the importance of continuing to invest in successful areas to maintain momentum and market share [77] Other Important Information - The company ended the first quarter with $173 million in cash and cash equivalents, a decrease driven by share repurchases and capital expenditures [34] - The first quarter marked a strong start to the year of transformative innovation, with solid financial results and measurable progress across strategic drivers [27] Q&A Session Summary Question: How does the company view Amazon's entry into the used vehicle market? - Management believes that while Amazon's entry into new vehicles is organized, the used vehicle market is more complex and less structured, which plays to CarGurus' strengths in dealer trust and integration [44][45] Question: What are the thoughts on OEM ad spending amidst tariff uncertainties? - Management expressed pride in the strong Q1 results for OEM advertising but acknowledged that manufacturers are cautious due to tariff uncertainties, which could impact future spending [50][51] Question: What changes are needed for the CarOffer platform to adapt to market volatility? - Management highlighted the need for operational efficiency and flexibility in the platform to better serve dealers and adapt to fluid pricing models [53][55]

Evolent Health (EVH) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Welcome to the Evolent Earnings Conference Call for the First Quarter Ended 03/31/2025. As a reminder, this conference call is being recorded. Your hosts for the call today from Evolent are Seth Blackley, Chief Executive Officer and John Johnson, Chief Financial Officer. This call will be archived and available later this evening and for the next week via the webcast on the company's website in the section titled Investor Relations ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $122.4 million, representing a 22% year-over-year increase [6][18] - Operating margin improved to 17.4%, up from 14% in Q1 2024 [21] - Cloud revenue reached $52.6 million, a 42% increase year-over-year, accounting for 43% of total revenue compared to 37% in the prior year [18][19] - Gross profit was $101 million, with a gross margin of 82.5%, down from 85.1% in the previous year [20] - Cash flow from operations was $28.8 million, leading to a free cash flow of $28.1 million, or a 23% margin, compared to 17% in the year-ago period [22] Business Line Data and Key Metrics Changes - Self-managed or on-premises revenues were $69.8 million, up 10% year-over-year [19] - Revenue contribution from Enterprise Plus subscriptions grew to 50% of total revenues, up from 49% in the prior year, with a 37% year-over-year growth [19] Market Data and Key Metrics Changes - The number of customers spending over $1 million annually increased to 54, a 35% growth year-over-year [7] - Customers spending more than $100,000 annually grew to 1,051, a 15% increase year-over-year [7] Company Strategy and Development Direction - JFrog is focusing on capturing momentum in cloud, DevOps, security, and MLOps areas [9] - The company is strategically investing in multi-cloud and hybrid solutions, aiming to migrate self-hosted customers to JFrog SaaS offerings [9] - JFrog aims to unify DevOps, DevSecOps, and MLOps in a single platform, enhancing its position in the market [10] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding macroeconomic uncertainties affecting sales cycles and customer commitments [9][23] - The company anticipates a full-year 2025 cloud growth rate of 31% to 33%, excluding any contributions from usage above minimum commitments [24] - Management remains optimistic about the opportunities ahead, despite the challenging market environment [17] Other Important Information - JFrog announced a partnership with Hugging Face to secure open-source machine learning models, highlighting its commitment to security in the AI space [12] - The company released its annual software supply chain state of the union report, emphasizing the importance of security tools in managing vulnerabilities [12] Q&A Session Summary Question: Clarification on cloud consumption above commitment - Management confirmed that the consumption above commitment was broad-based across various customers and industries, with no significant changes in sales cycles noted [31][34] Question: Details on a significant deal with an AI technology leader - The deal involves JFrog's platform as the system of record for models, with potential future expansions into security and ML models [35][36] Question: Guidance construction and macro impact - Management indicated that guidance was conservative due to market uncertainty, with a focus on derisking large deals [40][41] Question: Customer behavior regarding on-prem expansion - No significant changes in customer behavior were observed, with many waiting to migrate to cloud solutions [44] Question: Emphasis on ML opportunity - Management highlighted the integration of ML capabilities into the JFrog platform, noting early customer interest but acknowledging it is too soon to assess its impact on the pipeline [48][107] Question: RPO growth and deal concentration - RPO growth was broad-based, not concentrated in a few large deals, indicating strong demand across multiple customers [55][56] Question: Security sales cycles and renewals - Sales cycles for security remain consistent, with positive reception to renewals and upselling opportunities [100][101]

Eventbrite (EB) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good day, everyone, and welcome to the Eventbrite, Inc. First Quarter twenty twenty five Earnings Conference Call. At this time, all participants have been placed on a listen only mode. If you have any questions or comments during the presentation, you may press star one on your phone to enter the question queue at any time, and we will open the floor for your questions and comments after the presentation. It is now my pleasure to turn ...

Green Dot (GDOT) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 note this event is being recorded. I would now like to turn the conference over to Mr. Timothy Willey of Investor Relations. Please go ahead, sir. Speaker1 Thank you, and good afternoon, everyone. Today, we are discussing Green Dot's first quarter twenty twenty five financial and operating results. Following our remarks, we'll open the call for your questions. Our most recent earnings release that accompanies this call and webcast can ...