Aviat Networks (AVNW) Q3 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Andrew Fredrickson - Director of Corporate Development & Investor RelationsPeter Smith - President & Chief Executive OfficerMichael Connaway - CFO & Senior VPTheodore O'Neill - CEORustam Kanga - VP - Research Conference Call Participants Jaeson Schmidt - Director of Research - Senior Research AnalystScott Searle - Managing Director, Senior Research AnalystDave Kang - Senior AnalystTim Savageaux - MD & Senior Research A ...

Atomera (ATOM) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Mike Bishop - IRScott Bibaud - President, CEO & DirectorFrank Laurencio - CFO Conference Call Participants Richard Shannon - Senior Research Analyst Mike Bishop Hello, everyone, and welcome to Atomera's first quarter twenty twenty five update call. I'd like to remind everyone that this call and webinar are being recorded, and a replay will be available on Atomera's IR website for one year. I'm Mike Bishop with the company's i ...

Advanced Micro Devices (AMD) Q1 2025 Earnings Call May 06, 2025 05:00 PM ET Company Participants Matt Ramsay - Corporate VP - Financial Strategy & IRLisa Su - Chair & CEOJean Hu - Executive VP, CFO & TreasurerJoshua Buchalter - Director - Equity ResearchTimothy Arcuri - Managing DirectorHarlan Sur - Executive Director - Equity ResearchThomas O'Malley - Director - Equity ResearchCJ Muse - Senior Managing Director Conference Call Participants Aaron Raikers - AnalystVivek Arya - AnalystStacy Rasgon - AnalystRo ...

Financial Data and Key Metrics Changes - Revenue for the first quarter was $206 million, an 11% increase year over year, and at the high end of the company's range [5] - Adjusted net income rose to $17 million from $2 million last year, while adjusted EBITDA increased to $30.7 million from $17.6 million [5][12] - Adjusted EBITDA margin was approximately 15% of sales, consistent with the previous quarter [5] - Gross profit increased by 28% year over year to $60.8 million, with gross margin expanding to 29.5% from 25.7% [13] Business Line Data and Key Metrics Changes - Aerospace segment revenue reached $191.4 million, a 17% increase year over year, with adjusted operating profit of $31 million [9][17] - Test segment sales were $14.6 million, down from the previous year, resulting in an adjusted operating loss of $1.5 million due to a $1.9 million adjustment on a long-term contract [9][18] Market Data and Key Metrics Changes - First quarter bookings were strong at $280 million, yielding a book-to-bill ratio of 1.36, with a record backlog [6] - Military sales in the Aerospace segment nearly doubled, up 95%, driven by the FLRAA program [16] Company Strategy and Development Direction - The company remains focused on margin expansion, free cash flow generation, and continuous improvement [23] - There is an ongoing review of business segments to assess potential restructuring or product management strategies [34] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the revenue forecast for 2025, maintaining a range of $820 million to $860 million, while acknowledging potential upside and downside risks [25][26] - The company is preparing for potential tariff impacts, estimating obligations between $10 million to $20 million, and is considering various strategies to mitigate these effects [26][27] Other Important Information - Operating cash flow improved significantly to $20.6 million from $2 million in the previous year [19] - Long-term debt net of cash was reduced to $134.2 million, with total liquidity at approximately $194 million [21][22] Q&A Session Summary Question: How much mitigation can be done this year to offset the tariff impact? - Management indicated it is difficult to quantify timing without knowing the exact tariffs, but they are considering various alternatives [30][31] Question: Does the review of each business indicate potential restructuring? - Management stated the review could lead to restructuring or product management changes, but it is premature to discuss specifics [34] Question: What are the expectations regarding Boeing's production needs? - Management has not heard of major changes from Boeing and is encouraged by their production progress [37] Question: Can more detail be provided on demand growth from airlines versus OEMs? - Demand has been strong from both airlines and OEMs, with commercial transport sales being roughly 50% line fit and 50% aftermarket [45] Question: Is the $1.9 million charge in the Test segment contained? - There is potential risk associated with the charge, and management is conducting a review to assess the situation [48] Question: What is the worst-case scenario for legal fees related to the UK settlement? - The worst-case estimate for legal fees is around $7.2 million, with the overall situation being better than initially feared [50]

Wynn Resorts (WYNN) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Company Participants Julie Cameron-Doe - CFOCraig Billings - CEOBrian Gullbrants - Chief Operating Officer - North American OperationsDavid Katz - Managing DirectorStephen Grambling - Managing DirectorRobin Farley - Managing DirectorJohn Decree - Director - Equity Research Conference Call Participants Carlo Santarelli - AnalystShaun Kelley - Senior Research Analyst & MD - Gaming, Lodging & Leisure EquitiesBrandt Montour - Director, Equity Re ...

Financial Data and Key Metrics Changes - High-speed data (HSD) revenue decreased by 0.8% year over year to $105.4 million [8][12] - Total revenue for the quarter decreased by 7.1% to $150 million, driven by declines in video and telephony revenue [12] - Adjusted EBITDA increased by 13.8% year over year to $76.7 million, with a record adjusted EBITDA margin of 51.1% [8][12] - ARPU reached a record high, increasing by 3.7% year over year to $75 [10] Business Line Data and Key Metrics Changes - The company passed an additional 13,700 homes in greenfield markets, bringing the total to 75,600 homes passed [9] - Penetration rates in greenfield markets remained strong at 16.3% [9] - The traditional video business saw a 38% decrease in subscribers, now at 48,900 [10] Market Data and Key Metrics Changes - The 2025 Edge Out Vintage passed 1,500 new homes with a penetration rate close to 27% [9] - The 2024 Edge Out Vintage increased its penetration rate to 44.6%, while the 2023 vintage increased to 31.4% [9] Company Strategy and Development Direction - The company is focusing on fiber to the home expansion initiatives while maintaining cost discipline [11] - The strategy includes migrating customers off the video platform and aligning with YouTube TV, which has seen significant growth [10][11] Management's Comments on Operating Environment and Future Outlook - Management noted strong momentum in greenfield markets and emphasized the importance of simplified pricing in reducing churn [6][27] - The company anticipates continued growth in the second half of the year, despite some expected churn from video rate increases [29] Other Important Information - Total cash at the end of the quarter was $28.8 million, with total outstanding debt of $1.03 billion and a leverage ratio of 3.4 times [12][14] - Capital expenditures for the quarter were $38.9 million, with expectations to spend between $60 million and $70 million on greenfields in 2025 [14][16] Q&A Session Summary Question: Can you discuss the pace of capital spending and its impact on new Greenfield homes passed? - Management indicated that while $10.8 million was spent in the first quarter, they expect to spend the full $60 million to $70 million for the year, with spending back-end loaded due to weather delays [25][26] Question: What does the competitive landscape look like and how are you thinking about net adds? - Management noted that competition remains similar, with low churn aided by simplified pricing, and they expect to maintain net adds similar to the first quarter [27][28] Question: Can you provide insights on mobile products and their impact on churn or HSD subscribers? - Management stated that mobile offerings are not a significant driver for acquisition or churn reduction, focusing instead on core broadband and YouTube TV services [30]

VTEX (VTEX) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Company Participants Julia Fernández - VP of Investor RelationsGeraldo Thomaz - Founder, Co-Chairman & Co-CEORicardo Camatta Sodré - CFOMariano Gomide de Faria - Co-founder, Co-CEO & Co-ChairmanLucca Brendim - Equity Research AssociateLeonardo Olmos - Executive DirectorMaria Clara Infantozzi - Equity Research Associate Conference Call Participants Marcelo Santos - Equity Analyst Julia Fernández Hello, everyone, and welcome to Vitek's earnings confer ...

Varonis Systems (VRNS) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Company Participants Tim Perz - VP - IRYaki Faitelson - Co-Founder, Chairman, CEO & PresidentGuy Melamed - CFO & COOJoel Fishbein - Managing DirectorSaket Kalia - Managing DirectorJoshua Tilton - DirectorRoger Boyd - Executive DirectorJoseph Gallo - Senior Vice PresidentBrian Essex - Executive DirectorEthan Weeks - AVP - Equity ResearchJason Ader - Co-Group Head - Technology, Media & Communications Conference Call Participants Matt Hedber ...

Upstart (UPST) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Company Participants Sonya Banerjee - VP & Head of Investor RelationsDave Girouard - Co-Founder & CEOSanjay Datta - CFORamsey El-Assal - Managing DirectorSimon Clinch - PartnerKyle Peterson - Managing Director, Equity ResearchPeter Christiansen - DirectorMichael Infante - Vice President - Equity ResearchJohn Hecht - Managing DirectorReggie Smith - Executive Director - Equity ResearchGiuliano Bologna - Managing DirectorMatthew O'Neill - Managing D ...

Tigo Energy (TYGO) Q1 2025 Earnings Call May 06, 2025 04:30 PM ET Company Participants Bill Roeschlein - Chief Financial OfficerZvi Alon - Chairman & CEO Conference Call Participants Eric Stine - Senior Research AnalystSameer Joshi - Senior Equity Research AnalystPhilip Shen - Managing Director, Senior Research AnalystNone - Analyst Operator Good afternoon. Welcome to TIGO Energy's Fiscal First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. Aft ...