iRhythm (NasdaqGS:IRTC) 2025 Conference September 10, 2025 12:50 PM ET Company ParticipantsQuentin Blackford - CEOConference Call ParticipantsDavid Rescott - Senior AnalystDavid RescottCome on. Come on.Quentin BlackfordHe says you're on.David RescottCome on now. There we go. All right. Thanks, everyone, for joining us. I'm David Rescott, Senior Med Tech Analyst here at Baird. Excited to have Quentin Blackford, CEO of iRhythm, to join us for this fireside chat here. I wanted to start off asking a little bit ...

Equity LifeStyle Properties (NYSE:ELS) 2025 Conference September 10, 2025 12:45 PM ET Company ParticipantsJana Galan - DirectorMarguerite Nader - Vice Chairman & CEOPaul Seavey - EVP & CFOPatrick Waite - President & COOJana GalanAfternoon, Roundtable Sessions. Welcome to Bank of America's 2025 Global Real Estate Conference. I'm Yana Gallen, and I cover the residential REITs at Bank of America. We're very pleased to have Equity LifeStyle Properties, Inc.'s CEO, Marguerite Nader, EVP and CFO, Paul Seavey, and ...

GoGold Resources (OTCPK:GLGD.F) 2025 Conference September 10, 2025 12:45 PM ET Speaker0Good morning. Thank you for, your interest in GoGold this morning. Just, start off with a kind of we're going make some forward looking statements here and, just the normal risks the mining business, I'm sure you're aware of. There's always resources, metallurgy, many, many things that can go wrong in mining. But I think the way you try to mitigate that risk is dealing with people who have done it all before.And, I myself ...

Summary of AppLovin 2025 Conference Call Company Overview - **Company**: AppLovin (NasdaqGS: APP) - **Industry**: Digital Advertising and Marketing Technology Key Points and Arguments Business Evolution and Strategy - AppLovin has significantly evolved since its last conference appearance two years ago, focusing on helping advertisers find and engage new customers through a comprehensive advertising campaign model [4][5] - The company aims to leverage advanced technologies, including neural networks, to enhance advertising effectiveness [4][5] - AppLovin's gross ad spend exceeded $11 billion in Q1, indicating substantial growth and positioning as a major player in the advertising space, second only to Meta [5][6] Market Position and Growth Potential - AppLovin is positioned as a leading platform in the mobile gaming advertising market, with a unique recommendation model that has yet to be fully launched [6][7] - The company plans to expand its services beyond gaming to tap into the broader e-commerce market, which is seen as a significant growth opportunity [12][22] - The long-term growth target is set at 20% to 30%, driven by technology advancements and expansion into new verticals [11][12] Competitive Landscape - AppLovin encourages competition within the mobile gaming advertising market, which has seen growth across various players, including Unity and Liftoff [14][15] - The company differentiates itself through its recommendation engine, which relies on extensive data to optimize ad performance [15][17] Financial Performance and Capital Allocation - AppLovin has maintained strong EBITDA margins, projected to remain between 80% and 85% [35][41] - The company has invested approximately $5.5 billion in share buybacks over the past three years, prioritizing capital allocation towards organic growth initiatives [20][21] E-commerce and Future Opportunities - The e-commerce sector is identified as a key area for growth, with plans to attract advertisers by demonstrating incremental revenue generation [22][23] - AppLovin aims to expand its advertising capabilities to include performance-based advertising across various industries, avoiding traditional brand advertising [29][30] Technological Advancements - The company is focused on enhancing its recommendation engine and leveraging generative AI to improve ad creative performance [36][37] - AppLovin is launching a self-serve ads platform, which is expected to broaden its advertiser base and improve operational efficiency [62][63] Future Outlook - AppLovin's strategy includes expanding its customer base from hundreds to potentially hundreds of thousands, which could significantly increase revenue [40][41] - The company is optimistic about the potential of its technology to unlock the value of gaming customers, aiming to change perceptions about their monetization potential [65][66] Additional Important Insights - AppLovin's approach to competition is unique, as it believes that a growing market can benefit all players rather than creating a zero-sum game [14][15] - The company emphasizes the importance of maintaining a lean operational structure to preserve its innovative culture while pursuing growth [54][55] - AppLovin's technology is positioned to evolve continuously, benefiting from advancements in AI and machine learning, which will enhance its advertising capabilities [59][61]

Summary of the Conference Call Company Overview - The conference is centered around Rubrik, a company that specializes in data management and cyber resilience solutions, particularly in the context of cloud technology and AI integration [6][10][38]. Key Industry Insights - The data protection market is evolving, with a shift from traditional backup and recovery to a focus on cyber resilience and recovery [10][39]. - The cyber security landscape is changing, with identity theft becoming the primary attack vector due to the psychological manipulation of users [16][39]. - The need for centralized management and control of data is increasing as applications become more scattered across various platforms [22][24]. Core Company Perspectives - Rubrik is positioned as a misunderstood innovator in the tech space, focusing on evolving its offerings to meet market demands rather than being tied to a static vision [6][9]. - The company emphasizes the importance of understanding market dynamics and customer needs, particularly in the context of AI and data utilization [9][10][11]. - Rubrik's growth strategy includes expanding into identity recovery and data protection, leveraging partnerships with major players like Microsoft and CrowdStrike [15][46][47]. Financial Performance - Rubrik reported a top-line growth of over 50% and a cash flow margin of 19%, indicating strong financial health and operational efficiency [38][40]. - The company aims to maintain high gross margins while investing in R&D and new product capabilities, balancing growth with profitability [40][41]. Strategic Initiatives - The acquisition of PrettyBase is aimed at enhancing Rubrik's capabilities in AI model fine-tuning and inference serving, which is critical for delivering accurate results in AI applications [11][24]. - Rubrik is focusing on creating an identity resilience platform that integrates identity management with data protection, addressing the risks associated with identity compromise [17][19]. Market Positioning - The company is transitioning the backup and recovery market into a cyber resilience category, which is expected to become mainstream, similar to databases and firewalls [42][45]. - Rubrik's strategy includes targeting legacy vendors for replacement, emphasizing the need for a compelling value proposition that offers 10x better solutions [19][39]. Future Outlook - The company is optimistic about its growth trajectory, aiming to scale from $1 billion to over $10 billion by enhancing market awareness and operational efficiency through partnerships [46][47]. - Rubrik is preparing for the increasing complexity of AI applications and the associated security challenges, positioning itself as a key player in the evolving landscape of cyber resilience [34][38][40].

Gyre Therapeutics (NasdaqCM:GYRE) FY Conference September 10, 2025 12:30 PM ET Company ParticipantsDavid Zhang - SVP of Corporate DevelopmentOperatorOkay. All right. Hello, everyone. Good afternoon and welcome to the H.C. Wainwright 27th Annual Global Investment Conference. My name is Matt Keller. I'm a Vice President in the Equity Research Department. It is now my pleasure to introduce our next company and our next presenter. With us, we have David Zhang, the SVP Corporate Development of Gyre Therapeutics. ...

Summary of Marker Therapeutics FY Conference Call Company Overview - **Company**: Marker Therapeutics (NasdaqCM:MRKR) - **Focus**: Development and commercialization of next-generation T-cell-based immunotherapies for blood and solid tumor cancers using novel multi-TAA technology [1][4] Core Technology - **mar T-cell Technology**: Unique approach utilizing non-genetically engineered T cells to target multiple tumor-associated antigens (TAAs) through native T cell receptors, allowing recognition of a broad array of epitopes [4][6] - **Comparison with Other Technologies**: Unlike CAR T cells and bispecific antibodies, which are limited to specific targets, mar T cells can recognize intracellular proteins, providing a broader target profile and a better safety profile with minimal cytokine release syndrome and neurotoxicities [6][8] Market Need and Positioning - **Unmet Medical Need**: Focus on patients with diffuse large B-cell lymphoma (DLBCL) who have failed existing therapies (CAR T and bispecifics), representing a high unmet medical need [8][19] - **Product MT-601**: Positioned to fill this niche, with promising clinical data indicating a complete response rate of 50% and an overall response rate of 66% in heavily pretreated patients [19] Scalability and Manufacturing - **Manufacturing Process**: A simplified, non-genetically engineered manufacturing process that takes approximately 9 days, with a vein-to-vein time of 20 to 25 days, enhancing scalability and accessibility compared to CAR T therapies [10][31] - **Reproducibility**: Successful tech transfer across different vendors, ensuring consistent product quality and objective responses [31] Clinical Pipeline - **Lead Asset**: MT-601, currently in a Phase 1 Apollo trial focusing on DLBCL, with plans for a pivotal study anticipated to start early next year [24][30] - **Solid Tumor Indications**: Investigating MT-601 in pancreatic cancer due to high unmet need and promising preliminary results from prior studies [25][26] - **Off-the-Shelf Program**: Development of an off-the-shelf technology aimed at providing a readily available treatment option for patients [12][30] Safety and Efficacy - **Safety Profile**: Excellent tolerability observed even at the highest tested dose of 400 million cells, with minimal adverse effects reported [20][21] - **Lymph Node Depletion**: Incorporation of lymph node depletion in studies has shown to enhance T cell expansion and persistence without compromising safety [22][23] Future Milestones - **Upcoming Trials**: Continued updates on MT-601's clinical activity and safety, with first patient treatments in the off-the-shelf study and solid tumor program expected in the latter half of the year [30][32] - **Long-term Vision**: Potential expansion into solid tumors and development of off-the-shelf therapies, contingent on the success of the DLBCL program [32][33] Conclusion - **Investment Outlook**: The success of Marker Therapeutics is closely tied to the performance of MT-601 in DLBCL, with a clear strategy for addressing unmet needs in both hematologic and solid tumors [32][34]

Summary of Global-E Online FY Conference Call Company Overview - **Company**: Global-E Online Ltd (NasdaqGS:GLBE) - **Industry**: Cross-border e-commerce Key Points Policy and Tariff Impact - The enforcement of tariffs has not significantly impacted Global-E's business, with the U.S. market representing only about 12% of the company's Gross Merchandise Value (GMV) [2][3][4] - Luxury and celebrity brands have shown resilience to price increases due to tariffs, as consumers are less sensitive to price changes [4][5] - Brands are adjusting prices globally rather than specifically for the U.S. market to avoid social media backlash over price differentiation [4][5] - The removal of the de minimis exemption for products from China and Hong Kong affected about 3% of Global-E's market, but overall impact was minimal [13][18][21] - The company does not anticipate major disruptions in trade patterns despite tariff changes, as the U.S. tariffs are comparable to those imposed by other countries [22][23] Growth Drivers - The introduction of the 3B2C model is seen as a significant growth driver, allowing brands to reduce duty burdens by setting up a local entity in the U.S. [27][28] - The onboarding process for brands to switch to the 3B2C model is quick, taking only days to weeks [31][36] - There is growing interest from both existing and new brands in the 3B2C model due to the desire to offload duty management [36][41] - The company has a positive outlook for the second half of the year, with strong trading patterns and successful onboarding of multiple brands [43][44] AI and Technology - Global-E views AI as an opportunity rather than a threat, leveraging AI to enhance operational efficiencies and customer service [48][52] - The company has automated over 50% of its customer service operations using AI and is working on extending AI support to merchants [51][52] - Proprietary data and a service layer are critical to Global-E's operations, making it difficult for AI to replicate their business model [49][50] Shopify Partnership - The new multi-year partnership with Shopify focuses on a white-label solution for small-sized merchants, which is expected to unlock significant growth potential [55][56] - The partnership has evolved from an exclusive agreement to a more open model, which Global-E believes will not negatively impact its market position [61][62] - The company anticipates maintaining high win rates on Shopify, similar to other platforms, despite the changes in partnership dynamics [62] Other Considerations - The company has not provided specific guidance for 2026 but maintains a positive multi-year outlook based on current trends and brand onboarding success [43][44] - The management expresses confidence in their ability to navigate the evolving market landscape and capitalize on growth opportunities [44][62]

Summary of KLA's Conference Call Company Overview - **Company**: KLA Corporation - **Industry**: Semiconductor Equipment and Technology Key Points and Arguments Business Performance and Outlook - The June quarter was strong, with raised guidance for the September quarter, indicating a positive business outlook for 2025 [5][6] - KLA's revenue from advanced packaging has shown significant growth, with expectations to reach approximately $925 million this year, up from over $500 million last year [7][8] - The service business is performing well despite challenges from U.S. export controls, maintaining double-digit growth [7][8] Market Trends and Opportunities - The advanced packaging market has grown from a few billion dollars to approximately $10 to $11 billion, driven by increased complexity and investment in high bandwidth memory [6][7] - KLA aims to achieve a process control share of wafer fab equipment (WFE) of 7.25% by 2026, currently trending closer to 8% [11][12] - The increase in die sizes and complexity in both logic and DRAM manufacturing is driving higher process control intensity, which benefits KLA [12][16] Financial Performance - KLA's gross margins are at 62.5%, with operating margins exceeding long-term targets of 40% to 50% [8][10] - The company has a long-term growth target of 12% to 14% for its service business, which correlates more closely with semiconductor revenue growth than WFE growth [47][48] Strategic Focus - KLA is shifting its portfolio towards packaging, reflecting the growing importance of this segment [42][45] - The company is leveraging its existing relationships and capabilities to enhance its service offerings and product development [24][49] - R&D spending is expected to remain around 12% to 13% of revenue, focusing on solving customer problems and maintaining competitive differentiation [51][52] Market Dynamics - The semiconductor industry is experiencing a proliferation of designs at the leading edge, benefiting KLA due to the complexity of managing high mix in fabs [18][19] - The N2 node is expected to be a significant driver of design activity, with many customers engaged in this area [20][33] - KLA anticipates growth in the NAND market, albeit from low levels, and expects the overall WFE market to grow in the mid-single digits [30][32] M&A and Capital Allocation - KLA is focused on internal growth and enhancing its existing portfolio rather than pursuing large-scale M&A, although it remains open to smaller, strategic acquisitions [58][59] - The company has a history of consistent dividend growth, with a recent increase to $1.90 per share per quarter, reflecting confidence in its long-term financial health [54][56] Additional Important Insights - The transition from traditional PCB to more integrated packaging solutions is driving the need for advanced process control tools [27][28] - KLA's service model is evolving to focus on performance and availability rather than just parts and repairs, which is crucial in high-performance computing environments [48][49] - The company is adapting to changes in the market, including the shift towards hybrid bonding technologies in HBM integration [38][41]

SailPoint (NasdaqGS:SAIL) 2025 Conference September 10, 2025 12:30 PM ET Company ParticipantsMark McClain - CEO, Founder & DirectorGabriela Borges - MD - Software Equity ResearchMark McClainWe'll just talk at 1.2. Everybody does podcasts, right? We'll just talk at 1.2. Is everybody good with that? 1.5 is a little hard. 1.5 is a little too mouth sounding.Gabriela BorgesGabriela, I have the question.Mark McClainYeah, hey there.Gabriela BorgesHi.Mark McClainHi, Gabriela. Nice to see you.Gabriela BorgesHi, good ...