The Real Brokerage (REAX) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Alix Lumpkin - Chief Legal OfficerTamir Poleg - Chairman and CEOSharran Srivatsaa - PresidentRavi Jani - CFODillon Heslin - Research AssociateMatthew Erdner - Director Conference Call Participants Stephen Sheldon - Research Analyst - Technology, Media & Communications Operator Good morning, ladies and gentlemen, and welcome to the RealBrokerage first quarter two thousand twenty five earnings call. At this time, all ...

Owens & Minor (OMI) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Jackie Marcus - Senior Managing DirectorEdward A. Pesicka - President, CEO & DirectorJon Leon - EVP & CFOJohn Stansel - VP - Equity ResearchAhmed Muhammad - AssociateKevin Caliendo - Managing Director Conference Call Participants Luismario Higuera - AnalystEric Coldwell - Senior Research Analyst Operator Good day, and thank you for standing by. Welcome to the Owens and Minor First Quarter twenty twenty five Earnings Conf ...

Financial Data and Key Metrics Changes - In Q1 2025, net revenues were RMB 1,450 million, with media services revenues at RMB 242 million, lead generation services revenues at RMB 645 million, and online marketplace revenues at RMB 566 million, reflecting a 2% year-over-year increase [19] - Cost of revenue was RMB 316 million, with a gross margin of 78.3%, down from 81.3% in the same period last year [19] - Operating profit was RMB 233 million, compared to RMB 276 million in the previous year, and adjusted net income attributable to Autohome was RMB 421 million, down from RMB 494 million [20] - Non-GAAP basic and diluted earnings per share were both 0.88, compared to 1.02 in the same period of 2024 [20] - As of March 31, 2025, cash, cash equivalents, and short-term investments totaled RMB 21,930 million [20] Business Line Data and Key Metrics Changes - Revenues from new energy vehicles (NEVs) and the new retail business increased by 72.6% year-over-year [14] - Revenues from data products grew by over 5% year-over-year [17] - The average mobile daily active users (DAUs) reached 76.92 million in March 2025, up 10.8% from the previous year [13] Market Data and Key Metrics Changes - Overall new car sales in Q1 2025 increased by 6% year-over-year, with NEV sales growing by 36%, although this was a slowdown from over 40% growth in the second half of the previous year [26] - The average profit margin in China's auto industry was only 3.9%, significantly lower than the 5.6% average for downstream industrial enterprises [26] Company Strategy and Development Direction - The company is focused on enhancing user experience and expanding its new retail network, aiming to establish nearly 200 space stores and satellite stores nationwide [10][30] - Autohome is evolving from a pure automotive media vertical into a comprehensive auto lifestyle ecosystem, integrating online and offline services [18] - The company is committed to technological innovation, particularly in AI applications, to improve operational efficiency and user experience [9][15] Management Comments on Operating Environment and Future Outlook - Management noted ongoing structural adjustments in the auto market, with NEVs becoming the main growth driver and continued policy support expected to lead to steady growth [28] - The company anticipates that the price war in the auto industry will continue in the short term but believes that the room for further price declines is limited [39] - Management emphasized the importance of transforming dealership operations to adapt to the decline in internal combustion engine vehicle sales and the rise of NEVs [40] Other Important Information - The company has authorized a share repurchase program of up to USD 200 million, with approximately USD 128 million already executed as of May 2025 [21] - The company plans to maintain a stable dividend payout of no less than RMB 1.5 billion for the year [49] Q&A Session Summary Question: What is the implication of the auto industry performance in Q1 for Autohome and the outlook for 2025? - Management noted that while new car sales grew, NEVs stood out despite a slowdown in growth rate, and they expect ongoing structural adjustments with NEVs as the main growth driver [25][28] Question: What is the progress on the new retail model and future plans? - Management reported the establishment of 29 space stores and 170 franchise satellite stores, with plans to exceed 500 locations by the end of 2025 [30][32] Question: What is the status of the Harris acquisition and its impact on Autohome's strategy? - The acquisition is still pending regulatory approval, and management reiterated their commitment to the O2O model and NEV development [37] Question: When will OEM pricing stabilize and what is the impact of dealer bankruptcies on lead generation? - Management expects the price war to continue in the short term but believes the market will stabilize after inventory clearance and subsidy transitions [39] Question: What updates are there on the new retail model and shareholder return plans? - The new retail strategy has evolved to enhance buyer experience and reduce transaction costs, with a commitment to maintain stable shareholder returns including dividends and share repurchases [48][49] Question: How will trade tensions impact the car market and Autohome's business? - Management believes the impact of trade tensions will be limited, as the domestic market is primarily driven by NEVs and has a low market share of US brands [53]

Mind Medicine (MindMed) (MNMD) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Stephanie Fagan - Chief Corporate Affairs OfficerRobert Barrow - Director & CEOMatt Wiley - Chief Commercial OfficerDaniel Karlin - Chief Medical OfficerBrian Abrahams - MD & Global Sector Head - Health Care ResearchYesha Patel - Equity Research AssociateElaine Kim - Biotech Equity Research AssociateRudy Li - DirectorSumant Kulkarni - Managing Director Conference Call Participants None - AnalystMichael Okunewi ...

Financial Data and Key Metrics Changes - In Q1 2025, the company achieved a non-IFRS gross margin of 18.2%, an increase from 15.1% in the same quarter last year [20] - Operating expenses were reduced by $9,600,000, a decrease of 32.1% compared to Q1 2024 [7][20] - Adjusted net loss decreased by 36.5% to $10,900,000 from $17,200,000 in Q1 2024 [7] - Adjusted EBITDA increased to $14,300,000 in Q1 2025, up from $10,200,000 in Q1 2024, representing a 40% increase [17][20] - Total revenue dropped by 4.5% year-over-year on a constant currency basis [17] Business Line Data and Key Metrics Changes - The energy business recorded revenue of $34,500,000, reflecting a 6.2% growth year-over-year [8] - Hardware sales revenue was $29,100,000, down 21.8% year-over-year, attributed to a decrease in vehicle sales volume [19] - The total subscriber base reached 644,000, an 8% increase from 595,000 subscribers at the end of Q1 2024 [18] Market Data and Key Metrics Changes - The company anticipates that approximately 95% of its full-year revenue for 2025 will be generated from the Taiwan market [22] - The Taiwan two-wheeler market in 2025 is expected to remain at approximately 2024 levels [22] Company Strategy and Development Direction - The company aims to achieve breakeven in the energy business by 2026 and in the vehicle business by 2028 [6][22] - A focus on operational efficiency and cost optimization is expected to create approximately $25,000,000 in savings in 2025 compared to 2024 [21] - The company is exploring international expansion through partnerships, including a joint venture with Castro [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenges in the global macro environment, including market volatility and tariff issues [15] - The company remains focused on delivering predictable financial results and a clear vision for the future [5] - Management believes that advancements in charging technology are part of the broader ecosystem evolution and do not pose a direct threat to the battery swapping model [25][28] Other Important Information - The company transferred its listing from the NASDAQ Global Select Market to the NASDAQ Capital Market, gaining an additional 180-day grace period to regain compliance with NASDAQ requirements [31] - The company has received a new credit facility of approximately $61,500,000, indicating market confidence in its future plans [7] Q&A Session Summary Question: How does the company view advancements in fast charging technology? - Management recognizes rapid advancements in fast charging as beneficial for overall EV adoption but does not see them as a direct threat to the battery swapping model [25][28] Question: What are the plans regarding the transfer to the NASDAQ Capital Market? - The company gained a 180-day grace period to regain compliance with NASDAQ requirements and is focused on long-term stock performance rather than short-term gains [31][32] Question: What are the long-term growth plans for top and bottom lines? - The company anticipates breakeven in the network business by 2026 and expects significant operational leverage and profitability improvements thereafter [34][35] Question: Is the current operating efficiency model sustainable and scalable? - Management believes the current operating efficiency model is sustainable and scalable, with a strong foundation for growth beyond breakeven [39][40]

Financial Data and Key Metrics Changes - In Q1 2025, total net revenue decreased by 1% year over year to $98.7 million, within the guidance range of $98 million to $100 million [18] - Adjusted EBITDA increased by 3.5% year over year to $18.1 million, exceeding the guidance range of $17 million to $18 million [18] - Adjusted EBITDA margins expanded from 17.6% in Q1 2024 to 18.4% in Q1 2025 [18] Business Line Data and Key Metrics Changes - Digital revenue grew by 6% year over year, accounting for 57% of total net revenue in Q1 2025, the highest percentage achieved by the company [6][7] - Townsquare Ignite, the digital advertising segment, reported a net revenue increase of 7.6% year over year, with a profit margin of 21.5% [19] - Townsquare Interactive, the subscription-based digital marketing solutions segment, saw a segment profit increase of 22% year over year, with profit margins at approximately 32% [20] Market Data and Key Metrics Changes - The broadcast advertising net revenue, excluding political, declined by 8.3% year over year, while total broadcast revenue decreased by 9.1% [21] - The company continues to gain local and national broadcast market share, despite the overall decline in the broadcast market [16] Company Strategy and Development Direction - The company reaffirms its digital-first local media strategy, focusing on markets outside the top 50 in the U.S. as a competitive advantage [29] - The media partnership strategy is expected to generate $50 million in revenue within three to five years, contributing to the company's growth without significant capital investment [10][49] - The company plans to continue investing in digital product technology, sales, and content to maintain its competitive edge [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate macroeconomic uncertainties and highlighted the strength of its digital platform as a growth engine [4][30] - The company anticipates continued growth in digital advertising revenue, with Q2 growth rates expected in the mid-single digits [10][25] - Management noted that the broadcast segment is viewed as a mature cash cow business, with expectations of continued revenue decline [15] Other Important Information - The company ended Q1 2025 with $6 million in cash, down from $27 million at year-end, primarily due to interest payments and refinancing fees [23] - The board approved a quarterly dividend of $0.20 per share, reflecting a yield of approximately 11.5% based on the current share price [25] Q&A Session Summary Question: Can you discuss the competitive landscape for Ignite and revenue from markets without radio stations? - Management highlighted that operating outside the top 50 markets provides a significant competitive advantage, with Ignite being a full-service digital agency [35][36] Question: What percentage of broadcast advertisers also buy digital solutions? - The majority of broadcast advertisers also purchase digital solutions, with over 85% engaging in both [40][43] Question: How does the company view potential deregulation in the broadcast industry? - Management is optimistic about deregulation, seeing it as an opportunity for both organic growth and potential acquisitions [46][49] Question: What is the growth potential for media partnerships outside the top 50 markets? - Management indicated significant growth potential, with hundreds of markets available for partnerships, contributing to future revenue growth [56][58] Question: How are interactive subscribers responding to current economic uncertainties? - Management noted a temporary pause in spending due to uncertainty, but recent months have shown improvement in revenue trends [60][64]

Chesapeake Utilities (CPK) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Lucia Dempsey - Head of Investor Relations (IR)Jeffrey Householder - President, CEO & ChairmanJames Moriarty - Executive VP, General Counsel, Corporate Secretary and Chief Policy & Risk OfficerBeth Cooper - Executive VP, CFO, Treasurer & Assistant Corporate SecretaryChris Ellinghaus - Managing DirectorPaul Fremont - Managing Director Conference Call Participants Tate Sullivan - Senior Research AnalystNone - Analys ...

COMPASS Pathways (CMPS) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Steve Schultz - Senior Vice President, Investor RelationsKabir Nath - Chief Executive OfficerTeri Loxam - CFO, Principal Financial Officer & Principal Accounting OfficerGuy Goodwin - Chief Medical OfficerPaul Matteis - Managing Director, Head of Therapeutics ResearchCharles Duncan - Managing DirectorSteve Levine - Chief Patient OfficerSumant Kulkarni - Managing DirectorPatrick Trucchio - Managing Director Conference ...

Lincoln National Corporation (LNC) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Tina Madon - Senior VP & Head of Investor RelationsEllen Cooper - Chairman, President & CEOChristopher Neczypor - Executive VP & CFORyan Krueger - Managing Director Conference Call Participants Suneet Kamath - Senior Research AnalystWes Carmichael - Senior AnalystThomas Gallagher - AnalystJoel Hurwitz - Lead AnalystAlex Scott - Equity Research Analyst Operator Good morning, and thank you for joining Lincol ...

Tapestry (TPR) Q3 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Christina Colone - Global Head of Investor RelationsJoanne Crevoiserat - CEOScott Roe - CFO & COOLorraine Hutchinson - Managing DirectorTodd Kahn - CEO & Brand President of CoachMichael Binetti - Senior Managing DirectorBrooke Roach - Vice President - Equity ResearchRick Patel - Managing DirectorDana Telsey - CEO and Chief Research Officer Conference Call Participants Ike Boruchow - Managing Director: Senior Analyst - Retaili ...