Allot (ALLT) Q1 2025 Earnings Call May 12, 2025 09:00 AM ET Company Participants Kenny Green - Co-Founder & DirectorEyal Harari - Chief Executive OfficerLiat Nahum - Chief Financial OfficerNehal Chokshi - Managing DirectorRory Wallace - Founder & CIO Operator Ladies and gentlemen, thank you for standing by. Welcome to Allot's First Quarter twenty twenty five Results Conference Call. As a reminder, this conference is being recorded. You should have all received by now the company's press release. If you have ...

Financial Data and Key Metrics Changes - Total net sales for the first quarter were $77.3 million, down 9.5% from the prior year [11] - Adjusted gross profit was $42.8 million, representing 55.4% of net sales, compared to 59.5% in the prior year [12] - GAAP net loss was reduced to $12.2 million, down over 65% from the fourth quarter [13] - Adjusted EBITDA for the quarter was $3.5 million, with a margin of 4.5% of net sales, compared to $4.3 million or 5% of net sales in the prior year [13] Business Line Data and Key Metrics Changes - Chubby's segment sales grew by 43.9%, contributing an incremental $13 million in sales through retail expansion and increased direct-to-consumer (DTC) sales [7][11] - Solo Stove segment sales declined by $25.3 million, primarily due to the elimination of extensive discounting and a lack of new product launches [8][11] Market Data and Key Metrics Changes - The company is diversifying its manufacturing footprint to mitigate tariff impacts, with plans to reduce reliance on China-sourced products [10] - Tariffs did not impact first quarter results, but proactive steps are being taken to offset expected costs starting in the second quarter [10] Company Strategy and Development Direction - The company is focused on a profit-oriented transformation plan, leveraging its entrepreneurial culture to build and scale its outdoor lifestyle portfolio [6][7] - Strategic initiatives include organizational design, marketing effectiveness, pricing strategies, and product innovation [15][17][18][19] - New product launches are anticipated to ramp up in Q4, with a focus on premium brand offerings and reduced promotional activities [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the business as initiatives begin to yield results, with expectations to stabilize performance in the second half of the year [7][21] - The company is working closely with lenders to address its debt structure and has a plan to regain compliance with NYSE listing requirements [5][6][21] Other Important Information - The company reported a going concern disclaimer in its Form 10-Q due to expected non-compliance with certain financial covenants [14] - The company has implemented significant performance improvements and cost reduction initiatives to enhance financial performance [10][12] Q&A Session Summary - The management indicated that a Q&A session would be limited due to ongoing discussions with lenders regarding the company's debt structure, leading to many "no comment" responses [21]

United Parks & Resorts (PRKS) Q1 2025 Earnings Call May 12, 2025 09:00 AM ET Company Participants Matthew Stroud - Investor RelationsMarc Swanson - Chief Executive OfficerJim Mikolaichik - CFO & TreasurerSteven Wieczynski - Managing DirectorSean Wagner - AVPArpine Kocharian - Executive DirectorLizzie Dove - Vice President Equity Research Conference Call Participants Brandt Montour - Director, Equity Research AnalystChris Woronka - AnalystThomas Yeh - Analyst Operator Good day, and welcome to the United Park ...

NRG Energy (NRG) Q1 2025 Earnings Call May 12, 2025 09:00 AM ET Company Participants Kevin Cole - SVP, Corporate Finance – Treasury & IRLarry Coben - Chairman, CEO and PresidentBruce Chung - EVP & CFOShahriar Pourreza - Senior Managing Director - Head of Energy/Power/UtilitiesDavid Arcaro - Executive Director - Equity ResearchCarly Davenport - Vice President - Equity ResearchRasesh Patel - EVP, President of NRG Consumer Conference Call Participants Julien Dumoulin-Smith - Research AnalystSteve Fleishman - M ...

Eco Wave Power Global (WAVE) Q1 2025 Earnings Call May 12, 2025 09:00 AM ET Company Participants Aharon Yehuda - CFOInna Braverman - CEO Operator Greetings, and welcome to the Ecowave Power First Quarter twenty twenty five Earnings Call. Please note this conference is being recorded. I will now turn the conference over to your host, Mr. Aron Yehuda, CFO of Ecowave Power. Sir, you may begin. Aharon Yehuda Thank you. Good morning, everyone, and thank you for joining us to Ecowave Power's first quarter twenty ...

Financial Data and Key Metrics Changes - For the first quarter, revenues were $651.3 million, a decline of 1.6% year on year, primarily due to varying late-stage clinical service fee wins and a slowing backlog burn rate [34][35] - Adjusted EBITDA for the quarter was $30.3 million, compared to $27.1 million in the prior year period, indicating year-over-year growth in adjusted EBITDA and adjusted EPS for the first time since the spin [34][39] - The net loss for the first quarter was $562.9 million, compared to a net loss of $79.8 million in the prior year, primarily due to a goodwill impairment charge of $488.8 million [40] Business Line Data and Key Metrics Changes - The clinical pharmacology business saw increased service fee and pass-through revenues, although bookings were slightly softer in the first quarter [36][70] - The backlog grew by 4% over the past twelve months, reaching over $7.7 billion, with a book-to-bill ratio of 1.02 for the quarter and 1.14 for the trailing twelve months [39][46] Market Data and Key Metrics Changes - The market environment remains competitive but stable, with larger customers maintaining consistent opportunities and spending [11][48] - Biotech sentiment is mixed, with some companies being cautious due to regulatory confirmations and funding challenges, while others report timely regulatory meetings [12][76] Company Strategy and Development Direction - The company is focused on improving gross margins and reducing SG&A costs, targeting gross cost reductions of $150 million in 2025 [51] - There is a strategic emphasis on enhancing customer relationships and incorporating AI to improve efficiency and quality in proposals and contracts [17][28] - The company aims to achieve a 1.2 times book-to-bill ratio over time, although current economic uncertainties make it difficult to predict new business wins [48] Management's Comments on Operating Environment and Future Outlook - Management acknowledges challenges in the biotech funding environment, noting that while there are delays in decision-making, the pipeline remains solid [92] - The company reaffirms its guidance for 2025, targeting revenues between $2.45 billion and $2.55 billion and adjusted EBITDA between $170 million and $200 million [46][45] Other Important Information - The company has exited all major transition services agreements and is now operating independently, which has contributed to a reduction in one-time spin-related costs [34] - The company has initiated transformation programs to reduce personnel costs and optimize its operational footprint [51] Q&A Session Summary Question: Revenue cadence and margin improvement - The first quarter revenue was better than expected, but guidance suggests revenue may be flat to down for the rest of the year, with margin expansion expected to be gradual [60][66] Question: Clinical pharmacology RFP volume and win rates - The clinical pharmacology business remains strong, with a return of the pipeline, and efforts are being made to convert pass-through work into revenue [69][71] Question: Bookings backdrop and pricing environment - The biotech pipeline is growing, but there is increased caution regarding funding, leading to slower decision-making [75][92] Question: SG&A expectations and margin perspective - Marginal improvement in SG&A is expected in the second quarter, with more significant improvements anticipated in the latter half of the year [82][84] Question: Cash flow improvement and DSOs - DSOs are expected to improve over the year, targeting low to mid-40s by year-end, with cash flow expected to be positive in Q3 and Q4 [88][89]

Financial Data and Key Metrics Changes - Seadrill reported total operating revenues of $335 million for Q1 2025, an increase of $46 million from the prior quarter [24] - Adjusted EBITDA was $73 million, up from $28 million in the previous quarter [26] - Economic utilization for the quarter was 84%, impacted by downtime in three rigs in Brazil [7][8] Business Line Data and Key Metrics Changes - Contract drilling revenues increased by $44 million sequentially to $248 million due to additional operating days [24] - Total operating expenses decreased to $317 million from $323 million in the prior quarter [25] - Vessel and rig operating expenses rose by $15 million to $179 million due to additional operating days across the fleet [25] Market Data and Key Metrics Changes - Global macro uncertainty and OPEC's decision to increase supply are affecting commodity prices and client investment confidence [8][9] - The U.S. Gulf is expected to see increased competition with up to five rigs rolling off contract before year-end, exerting downward pressure on rates in 2025 [16] - Demand in Africa is projected to decline by two to four rigs in 2025 before rebounding in 2027 and beyond [18] Company Strategy and Development Direction - Seadrill focuses on high specification floaters and deepwater basins, believing that deepwater investments are compelling due to expansive reserves [11][29] - The company aims to prioritize margins and cash flow over utilization for long-term value creation [12][29] - Seadrill maintains a robust balance sheet with $430 million in cash and a backlog of $2.8 billion extending through 2028 and into 2029 [12][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in future demand for deepwater drilling despite current market volatility [10][29] - Active dialogues with clients for opportunities in the second half of 2025 and 2026 are ongoing, with expectations for multiple contract awards [9][29] - The company is optimistic about the longevity of demand in Brazil, with Petrobras issuing a multiyear tender for rigs [19][20] Other Important Information - Seadrill is participating in voluntary mediation with Petrobras regarding delayed penalty notices [13] - The company has undertaken an initial review of the impact of tariffs, believing any impact is already reflected in current guidance [28] Q&A Session Summary Question: Shift in client interest towards performance-based contracts - Management noted that performance-based contracts are not new and they are open to larger performance-based contracts for the right clients [34][36] Question: Costs associated with stacking the Capella - Management indicated they are in a ramp-down mode and have not reached a long-term cold stacking rate yet [38] Question: Decision process for stacking versus keeping a rig warm - Management emphasized the importance of being decisive and disciplined about removing supply from the market when necessary [41] Question: Confidence in securing contracts for the second half of 2025 - Management expressed confidence in their contracting outlook, noting that they have not moved to cold stack certain rigs, indicating ongoing market opportunities [61] Question: Need to compete on price - Management stated that performance still matters significantly and they have historically been able to secure leading edge day rates [63][65]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was approximately $2.2 million, down from $5.4 million in the same quarter last year, reflecting the impact of divestitures in the second half of 2024 [20] - Lease operating expense for the quarter was $1.6 million or $34.23 per BOE, compared to $3.2 million or $29.2 per BOE in the same quarter last year, indicating a decrease due to divestitures [21] - Cash position stood at over $10.5 million as of March 31, 2025, reflecting net cash proceeds of $10.3 million from a successful equity offering [22] Business Line Data and Key Metrics Changes - The company is focusing on the development of its Montana industrial gas project, which includes workovers, flow testing, and drilling new development wells [7][8] - The processing plant at Ki Bin Dome is expected to process approximately 17 million cubic feet of raw gas per day, with an estimated cost of $15 million [11] - The company anticipates sequestering approximately 250,000 metric tons of CO2 annually once the processing plant is operational [13] Market Data and Key Metrics Changes - The helium market remains steady, with current pricing around $400 per Mcf, down from previous peaks [34] - The largest growth forecast for helium demand is in the semiconductor industry, which is expected to drive future growth [33] Company Strategy and Development Direction - The company aims to build a full cycle platform from production and processing to long-term carbon storage while maintaining disciplined capital allocation [15] - The strategy includes monetizing legacy hydrocarbon assets while investing in the core Montana project [16] - The company positions itself as a first mover in the industrial gas sector with a unique non-hydrocarbon gas stream, providing a competitive advantage [14] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the transformational opportunity presented by the Montana project [14] - The company has de-risked its project year to date and is on track to launch and grow its initiatives within the next twelve months [41] Other Important Information - The company has repurchased approximately 832,000 shares, representing roughly 2.5% of its outstanding float, reflecting management's confidence in the stock's value [17] - The company is in talks to renew and extend its credit agreement, expected to be completed in Q2 2025 [22] Q&A Session Summary Question: Was the cost of the processing plant higher than expectations? - Management clarified that the cost was in line with expectations, considering the complexity of the infrastructure and production requirements [27][29] Question: Could the completion of the processing plant bleed into Q2 2026? - Management indicated that completion could be at the end of Q1 or the beginning of Q2 2026, depending on weather conditions [31] Question: Can you provide an update on the helium markets? - Management noted that the helium market remains steady, with pricing around $400 per Mcf, and highlighted the semiconductor industry as a key growth area [34][36]

NeurAxis (NRXS) Q1 2025 Earnings Call May 12, 2025 09:00 AM ET Company Participants Ben Shamsian - VP Investor RelationsBrian Carrico - CEO & PresidentTimothy Henrichs - Chief Financial Officer Operator Good day, and thank you for standing by. Welcome to the Neuraxis First Quarter twenty twenty five Results and Update Call. At this time, all participants are in a listen only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll need ...

Financial Data and Key Metrics Changes - Redwire recorded revenues of $61.4 million, a decrease both sequentially and year-over-year [24] - Adjusted EBITDA improved significantly from a negative $9.2 million in Q4 2024 to a negative $2.3 million in Q1 2025 [25] - The net loss was $2.9 million, showing a significant sequential improvement of over $60 million [26] - Total liquidity reached $89.2 million, a 39.2% improvement from $64.1 million at the end of the previous year [26] Business Line Data and Key Metrics Changes - Contract awards in Q1 2025 were $56.2 million with a book-to-bill ratio of 0.92x, showing significant improvement [19] - Backlog remained relatively flat at $291.2 million as of March 31, 2025, with $107.2 million from international operations in Europe [20] - The company saw a shift in revenue due to delays in awards across customer classes, particularly in the U.S. market [24][20] Market Data and Key Metrics Changes - The company noted notable delays in awards in the U.S. Government market due to transitions in key decision-makers and budget uncertainties [20] - Redwire's contract awards included key wins from the European market, indicating a strong pipeline with an estimated $6 billion of identified opportunities [21] Company Strategy and Development Direction - Redwire's 2025 growth strategy focuses on five key principles: providing foundational products, delivering multi-domain platforms, exploring space missions, unlocking venture optionality, and executing accretive M&A [5][6] - The company aims to capitalize on increased investment in U.S. manufacturing and European space and defense budgets [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future U.S. National security space and defense budgets despite current delays [21] - The company reaffirmed its combined revenue forecast for 2025 to be in the range of $535 million to $605 million, representing a 52.9% compound annual growth rate from FY 2023 to FY 2025 [29] Other Important Information - Redwire signed an agreement to acquire Edge Autonomy, expected to close in Q2 2025, which will enhance its capabilities in multi-domain autonomous technology [14] - The company launched new drug development technology and a cancer detection experiment to the International Space Station, expanding its in-space pharmaceutical development [11] Q&A Session Summary Question: Can you talk about the risks associated with Europe's increased independence in space and defense? - Management noted that Europe is investing more in independent national programs for space, which could create new opportunities despite potential shifts in funding [40] Question: What is the current state of U.S. Government programs and their impact on Redwire? - Management indicated that the U.S. market is dynamic, with some programs being deprioritized while others, like Golden Dome, are highly prioritized [44] Question: How does Redwire view the role of drones in defense spending? - Management highlighted that drones are seen as a critical force multiplier in combat, with expected growth in defense spending in both the U.S. and Europe [50] Question: Can you elaborate on the milestones to watch for the MOU with iSpace? - Management emphasized that Redwire is a prime contractor on the CLIPS contract and is excited about taking on larger roles in lunar missions [55] Question: What is the current pipeline status and expected cash flow for Redwire? - Management stated that they expect cash flow to improve as revenues from bids are realized and milestone payments are received [70]