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]

Cidara Therapeutics (CDTX) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Brian Ritchie - Managing DirectorJeffrey Stein - President & CEOSeamus Fernandez - Senior Managing DirectorJim Beitel - Chief Business OfficerNicole Davarpanah - Chief Medical Officer Conference Call Participants Eric Schmidt - Biotechnology AnalystGregory Renza - Director & Senior Analyst of Biotechnology Equity ResearchJoseph Stringer - Senior AnalystRoy Buchanan - Equity Research Analyst Operator Greetings. Wel ...

Rackspace (RXT) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good day, and welcome to the Rackspace First Quarter twenty twenty five Earnings Webcast. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Instructions will be given at that time. As a reminder, this call may be recorded. I would now like to turn the call over to Sagar Habar, Head of Investor Relations. Please go ahead. Speaker1 Thank you, and welcom ...

Financial Data and Key Metrics Changes - Revenue for Q1 2025 reached $58.3 million, representing a year-over-year increase of 120% [5][36] - Adjusted EBITDA for the quarter was $12.7 million, or 22% of revenue, a 236% year-over-year increase [5][36] - Net income was $7.8 million in Q1 2025, up from $1 million in the same period last year [37] - Adjusted gross margin was 43% for the quarter, up from 41% in Q1 of last year [36] Business Line Data and Key Metrics Changes - The company is focused on generative AI training data, expanding capabilities in expert domains and languages [6][7] - Significant progress in onboarding new customers and expanding existing accounts, particularly in the tech sector [11][16] - Major expansion opportunities identified with existing customers, including potential bookings exceeding $25 million from one customer [12][16] Market Data and Key Metrics Changes - The company is gaining traction with large tech customers, with several budgeting hundreds of millions for generative AI data and model evaluation [16][30] - The competitive landscape includes significant investments from major tech companies, indicating a robust market for AI solutions [30][31] Company Strategy and Development Direction - The company aims to embrace growth from both broadening customer relationships and its largest customer [32][34] - Investments are being made in product innovation, market expansion, and talent acquisition to capture long-term value [35][39] - The focus is on building agentic AI solutions and enhancing trust and safety evaluations for generative AI applications [18][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory, citing strong customer engagement and expanding opportunities [31][72] - The company reaffirmed its full-year revenue growth guidance of 40% or greater, despite potential quarter-to-quarter volatility [31][34] - Management emphasized the importance of building trust with customers to facilitate long-term relationships and revenue growth [46][58] Other Important Information - The company has not drawn on its $30 million credit facility, indicating strong cash management [36][38] - A new statement of work with the largest customer is expected to significantly increase revenue potential [42][43] Q&A Session Summary Question: Can you walk through the statement of work with your largest customer? - The new statement of work will enable the company to support a different area of the customer's generative AI spend, which is expected to have a significantly higher budget [42][43] Question: What is the expected impact of the largest customer being down 5%? - The anticipated decrease is separate from the new statement of work, which represents additional revenue potential [44][45] Question: What is the win rate for new customer opportunities? - The company focuses on building trust and executing well, leading to a high win rate for projects that move forward [46][48] Question: How does the company view its growth guidance? - The company maintains a conservative growth estimate to avoid overpromising, especially with new customer relationships [63][66]

Theravance Biopharma (TBPH) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Hello, ladies and gentlemen. Good afternoon. I would like to welcome everyone to the Theravance Biopharma First Quarter twenty twenty five Conference Call. During the presentation, all participants will be in a listen only mode. A question and answer session will follow the company's formal remarks. To ask questions, press the star key followed by the digit one on your phone. Again, that is If listening via webcast, please m ...

Alpha Teknova (TKNO) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good day, and thank you for standing by. Welcome to the Tecnova First Quarter twenty twenty five Financial Results 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. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw y ...

Oportun Financial (OPRT) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good morning, ladies and gentlemen, welcome to the Oportun Financial First Quarter twenty twenty five Earnings Conference Call. At this time, all lines are in listen only mode. And following the presentation, there will be a question and answer session. This call is being recorded on Thursday, 05/08/2025. I would now like to turn the conference call over to Mr. Dorian Hare. Please go ahead. Speaker1 Thanks, and hello, everyone. ...

Microchip (MCHP) Q4 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Steve Sankey, the Executive Chair, CEO and President. Thank you and you may proceed sir. Speaker1 Thank you, operator and good afternoon everyone. During the course of this conference call, we will be making projections and other forward looking statements regarding future events or the future financial performance of the company. We wis ...

Allbirds (BIRD) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Ladies and gentlemen, thank you for standing by, and welcome to Allbird's First Quarter twenty twenty five Earnings Conference Call. All participants have been placed in a listen only mode. After management prepared remarks, there will be a question and answer session at which time instructions will follow. I would like now to turn the conference over to Christine Greaney, Investor Relations. Please go ahead. Speaker1 Good afternoon, ev ...

Kingsway Financial Services Inc (KFS) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Good day, and welcome to the Kingsway First Quarter twenty twenty five Earnings Call. At this time, participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note this conference is being recorded. With me on the call are J. T. Fitzgerald, Chief Executive Officer and Kent Hansen, Chief Financial Officer. Before we begin, I want to remind everybody that today's ...