Warby Parker (WRBY) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Jaclyn Berkley - VP - Head of Investor RelationsNeil Blumenthal - Co-Founders and Co-CEODave Gilboa - Co-Founders and Co-CEOSteve Miller - SVP and CFO Conference Call Participants Mark Altschwager - Senior Research AnalystOliver Chen - Managing Director & Senior Equity Research AnalystSavannah Sommer - Equity Research AnalystJanine Stichter - Managing Director & Analyst - Consumer Retail & Lifestyle BrandsDavid Yueh - An ...

Planet Fitness (PLNT) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Stacey Caravella - VP, IRColleen Keating - CEOJay Stasz - CFOSimeon Siegel - Managing DirectorMax Rakhlenko - Managing DirectorRahul Krotthapalli - Vice President - Equity ResearchMartin Mitela - Senior Equity Research AssociateJohn-Paul Wollam - Equity Research AssociateRandal Konik - Managing Director Conference Call Participants Sharon Zackfia - Partner & Head of Consumer Equity Research & Analyst - Restaurants, Lif ...

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $172 million, an increase of 13% compared to Q1 2024 [13][25] - Shipments were $157 million, down 36% year-over-year, attributed to strong demand in Q1 2024 [13][26] - Gross margin was 48.2%, exceeding the target range of 42% to 48% [14][27] - Net cash increased to $271 million from $259 million at the end of 2024 [14][29] Business Line Data and Key Metrics Changes - Revenue from single wafer cleaning tools grew 18%, representing 75% of total revenue [15] - Revenue from ECP, furnace, and other technologies grew 7%, accounting for 16% of total revenue [16] - Revenue from advanced packaging, excluding ECP, was down 10.5%, representing 9% of total revenue [19] Market Data and Key Metrics Changes - In China, the company estimates its market share in wafer cleaning and plating exceeded 25%, translating to over 9% globally for each category [7] - The company is expanding its business into the global market, with investments in an Oregon facility to reduce tariff uncertainties [11][12] Company Strategy and Development Direction - The company aims to develop world-class tools and establish R&D and production in key countries to support major semiconductor customers [9] - The focus remains on delivering differentiated enabling technology to solve critical process challenges for global customers [24] - The long-term revenue target is set at $3 billion, with equal contributions expected from China and the global market [21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the shifting global trade environment and its complexities, emphasizing the importance of their established strategy [9] - The company maintains a revenue outlook for 2025 in the range of $850 million to $950 million, implying a 15% year-over-year growth at the midpoint [24] - Management expressed confidence in continued market share growth despite a plateau in the WFE market in China [44][46] Other Important Information - The Oregon facility is being developed to support global customers and is expected to include a clean room and demo lab [23] - The Lingang production and R&D center is nearing completion, with a potential annual production capacity of $3 billion [22] Q&A Session Summary Question: Shipment figures and full-year shipment growth expectations - Management expects shipments to grow in 2025 but acknowledges that the growth rate may not exceed last year's high levels [35][36] Question: Impact of tariffs on profitability - Management believes the impact of tariffs is minimized as they are sourcing more parts locally and from third countries [42] Question: Thoughts on 2026 growth and market conditions - Management indicated that while the WFE market may plateau, they expect to continue gaining market share through innovation and new products [44][46] Question: Domestic competition and potential consolidation in the semiconductor sector - Management expressed confidence in their technology and innovation, stating that local competitors cannot easily replicate their products [52][55]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $172 million, up 13% year-over-year [13][27] - Shipments were $157 million, down 36% compared to Q1 2024 [13][27] - Gross margin was 48.2%, exceeding the targeted range of 42% to 48% [14][28] - Net cash increased to $271 million from $259 million at the end of 2024 [14][31] Business Line Data and Key Metrics Changes - Revenue from single wafer cleaning tools grew 18%, representing 75% of total revenue [15] - Revenue for ECP, furnace, and other technologies grew 7%, accounting for 16% of total revenue [16] - Revenue from advanced packaging, excluding ECP, was down 10.5%, representing 9% of revenue [19] Market Data and Key Metrics Changes - In China, the company estimates its market share in wafer cleaning and plating exceeded 25%, translating to over 9% globally for each category [7] - The company is expanding its business into the global market, particularly in the U.S. [11] Company Strategy and Development Direction - The company aims to develop world-class tools and establish R&D and production in key countries [9] - Investment in the Oregon facility is intended to reduce tariff uncertainty and establish production close to customers [12] - The long-term revenue target is $3 billion, with equal contributions expected from China and the global market [21] Management's Comments on Operating Environment and Future Outlook - The management acknowledged a shifting global trade environment with new tariffs and evolving policies [9] - The company maintains its 2025 revenue outlook in the range of $850 million to $950 million, implying 15% year-over-year growth at the midpoint [24] - Management expressed confidence in continued market share growth despite a plateau in the WFE market in China [47][50] Other Important Information - The Lingang production and R&D center is nearing completion, with a potential annual production capacity of $3 billion [22] - The Oregon facility is being developed to support global customers with a demo lab and clean room [23] Q&A Session Summary Question: Shipment figures and full-year growth expectations - Management expects shipments to grow in 2025 but acknowledges that the growth rate may not exceed last year's high levels [37][38] Question: Impact of tariffs on profitability - Management believes the impact of tariffs is minimized as they are sourcing more parts locally and from third-party countries [44] Question: Thoughts on 2026 growth and market conditions - Management indicated that while the WFE market may plateau, they expect to continue gaining market share through innovation and new products [47][50] Question: Domestic competition and potential consolidation in the semiconductor sector - Management expressed confidence in their technology and innovation, stating that local competitors cannot easily replicate their products [56][59]

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was $42.7 million, representing a 72% year-over-year increase, with constant currency growth at 76% [10] - Gross profit reached $24.2 million, reflecting a gross margin of approximately 57%, a decline of 14 percentage points compared to the previous year [11] - Net loss was $300,000 or $0.00 per share, a decline of $4.2 million from the previous year [14] - Adjusted EBITDA declined by $300,000 or 5% to $5.6 million [14] - As of March 31, 2025, cash and cash equivalents stood at $29.7 million, with a net debt leverage ratio under 1.6 turns [15] Business Line Data and Key Metrics Changes - The raffle business achieved record results, including all-time highs in revenue, ticket sales, and prize values, with 26,000 new users added, a 46% increase year-over-year [6] - MeridianBet saw new registrations increase by 22%, first-time deposits surged over 56%, and total deposits rose by 12% [17] Market Data and Key Metrics Changes - MeridianBet secured a permanent online betting license in Brazil, allowing full national coverage in a market projected to generate over $5.6 billion in GGR for 2025 [18] - The company launched B2B operations in Nigeria, tapping into a market with over 60 million bettors [19] Company Strategy and Development Direction - The company is focused on platform innovations and expansion into high-growth regulated markets, emphasizing operational efficiency and geographic diversity [5] - MeridianBet's strategy includes smart growth, operational excellence, and returning value to shareholders [22] - The company aims to enhance growth through disciplined capital allocation and investments [23] Management's Comments on Operating Environment and Future Outlook - Management expressed excitement about growth opportunities for the year, projecting full-year revenue between $190 million and $195 million, representing a 26% to 29% growth rate over 2024 [23] - The company is well-positioned for long-term success, emphasizing a commitment to profitable and sustainable growth [24] Other Important Information - The company eliminated approximately $9.6 million in debt and converted over $9.5 million in acquisition-related debt into equity, enhancing financial strength and flexibility [6] - MeridianBet completed five new integrations with a US-based sweepstakes casino, expanding its footprint in the North American market [20] Q&A Session Summary - No specific questions or answers were documented in the provided content, thus this section is not applicable.

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 ...

Apyx Medical (APYX) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Jeremy Feffer - Managing DirectorCharles Goodwin - President and Chief Executive OfficerMatthew Hill - Chief Financial Officer Conference Call Participants Matt Hewitt - Senior Research AnalystSam Eiber - Vice President and Medical Technology Analyst Operator Ladies and gentlemen, good morning, and welcome to the Apyx Medical First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in ...

Groupon (GRPN) Q1 2025 Earnings Call May 08, 2025 08:00 AM ET Company Participants Dusan Senkypl - CEO & DirectorEric Sheridan - Managing DirectorJiri Ponrt - CFO Conference Call Participants Bobby Brooks - Vice President, Senior Equity Research AnalystSean McGowan - MD & Senior Research Analyst Operator Hello, and welcome to Groupon's First Quarter twenty twenty five Financial Results Conference Call. On the call today are Chief Executive Officer, Dushan Sanketfel Chief Financial Officer and Senior Vice Pr ...

Financial Data and Key Metrics Changes - The company reported record total revenue of $47 million for Q1 2025, up 5% year over year, with subscription revenue reaching $44.9 million, an increase of 9% year over year [6][22] - Adjusted EBITDA for the quarter was $4.1 million, marking the seventh consecutive quarter of adjusted EBITDA profitability [6][25] - Non-GAAP gross margin improved to 70%, up from 65% in the same quarter last year [7][25] - Cash used in operations was $1 million, consistent with the first quarter of the previous year [7][27] Business Line Data and Key Metrics Changes - In the Enterprise and Telecom (EENT) segment, total revenue was $34.4 million, up 6% year over year, with subscription revenue at $33.6 million, a 10% increase year over year [24] - In the Media and Technology (M&T) segment, total revenue was $12.6 million, representing 2% year over year growth, with subscription revenue at $11.3 million, up 7% year over year [24][25] - Professional services revenue decreased significantly, down 42% year over year, contributing $2.1 million for the quarter [22][23] Market Data and Key Metrics Changes - The company experienced a lower rate of new subscription bookings in Q1, which is typical for the season, but noted an increase in new logos from significant clients such as Stripe and Novo Nordisk [9][19] - The net dollar retention rate improved to 107%, the highest level since Q1 2022 [10][24] Company Strategy and Development Direction - The company aims to achieve double-digit revenue growth and a rule of 30 by 2028, focusing on profitable growth and expanding its AI capabilities [16][33] - Continued investment in AI is a priority, with enhancements to products like Genie agents to provide personalized experiences [10][12] - The company is gradually increasing its sales team after a previous reduction, focusing on enterprise customers while also looking to reaccelerate growth in the M&T and education sectors [44][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the uncertain macroeconomic environment, noting no significant negative feedback from customers regarding spending [36][40] - The company anticipates a rebound in gross retention rates in the second half of the year, following expected declines in the first half [19][31] - Despite a slower start to the year, the company maintains its revenue guidance for 2025 while slightly increasing its adjusted EBITDA guidance [20][28] Other Important Information - The company hosted its first annual investor event, showcasing its growth plans and AI-infused vision [16][17] - The company continues to receive recognition from leading analyst firms, including Gartner, for its innovative products [15] Q&A Session Summary Question: What are customers saying about their willingness to spend this year? - Management noted that there has been no negative impact reported from customers, who are focused on mid to long-term planning [36][40] Question: Where will new resources be allocated in the sales team? - The company plans to gradually increase sales resources, focusing on enterprise customers while also reaccelerating efforts in M&T and education [44][46] Question: What is the nature of the M&T churn expected? - Management indicated that the churn is primarily due to a few specific accounts exiting rather than a broader trend, with expectations for improved retention moving forward [51][52] Question: What is driving the higher ARR per customer? - The increase is attributed to customers using multiple products and upselling rather than just price increases [72] Question: Any updates on AI monetization strategy? - The company is optimistic about its AI products, with expectations to start monetizing these offerings in the coming quarters [76][77]

Lesaka Technologies (LSAK) Q3 2025 Earnings Call May 08, 2025 08:00 AM ET Speaker0 Welcome to Lusarcatec's webcast for the third quarter of fiscal twenty twenty five. As a reminder, the webcast is being recorded and the presentation can be accessed through the webcast link provided. Management will address any questions you may have at the end of the presentation. Participants, please enter your questions into the questions section of this webcast. The webcast link as well as our press release and investor ...