SES AI (NYSE:SES) Q4 2025 Earnings call March 04, 2026 05:00 PM ET Company ParticipantsJing Nealis - CFOKyle Pilkington - Chief Legal OfficerMark Shooter - Senior AssociateQichao Hu - Founder and CEOWinnie Dong - Director of Equity ResearchConference Call ParticipantsColin Rusch - Managing Director and Senior Research AnalystDerek Soderberg - Director and Senior Equity Research AnalystOperatorGood afternoon. Thank you for attending today's SES AI fourth quarter and full year 2025 earnings results call. My n ...

Aware (NasdaqGM:AWRE) Q4 2025 Earnings call March 04, 2026 05:00 PM ET Company ParticipantsAjay Amlani - CEO and PresidentDavid Traverse - CFOMatt Lindberg - ControllerMatt LindbergGood afternoon, welcome to Aware's fourth quarter and full year 2025 conference call. Joining us today are the company's CEO and President, Ajay Amlani, and CFO, David Traverse. Following the remarks, we'll open the call to questions. If you'd like to submit a question, you can do so at any time using the built-in ask a question ...

Financial Data and Key Metrics Changes - For fiscal year 2025, total billings were $385 million, down 13.3% year-over-year, and revenue was $233 million, down 16.2% year-over-year [15] - Annual Adjusted EBITDA was $10.1 million, up $7.5 million year-over-year, marking the third consecutive year of positive Adjusted EBITDA [15] - In Q4, total billings were $94.1 million, a 19% decrease year-over-year, and revenue was $56.1 million, a 24.2% decrease year-over-year [16] - U.S. revenue, excluding Bridg, was $40.1 million, decreasing 33.5% year-over-year, while U.K. revenue was $10.8 million, increasing 35.1% year-over-year [17] Business Line Data and Key Metrics Changes - The U.K. business saw revenue surge over 35% year-over-year, driven by deepened engagement with advertisers and increased supply [9] - The grocery and convenience sectors showed particular strength, with a leading grocery retailer increasing spend significantly [8] - The fashion and luxury segment increased spend by 70% quarter-over-quarter, reflecting deeper investment from top consumer brands [9] Market Data and Key Metrics Changes - The company experienced pressures in the travel and entertainment and subscription services sectors, while other areas showed growth [9] - The U.K. business accounted for more than 40% of the company's revenue for the quarter, highlighting its strong performance [10] Company Strategy and Development Direction - The company aims to expand its reach by deepening collaborations with bank partners and integrating new publishers into its network [4] - Strategic priorities include driving revenue growth for advertisers through advanced algorithmic capabilities and investing in technology to enhance operational efficiency [4] - The company is focused on long-term growth despite near-term challenges, including the loss of Bank of America as a partner [7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute and grow sequentially, despite the challenges posed by the loss of Bank of America and content restrictions from other partners [21] - The company is optimistic about its product relevance and differentiation in the marketplace, with expectations for continued growth in the U.K. [5][22] Other Important Information - The company is transitioning from its legacy data warehouse to a unified data and AI platform, which has improved operational efficiency and reduced costs [11] - The Bridg business is being sold to PAR Technology, which is expected to strengthen the company's balance sheet and improve its path to self-sustainability [14] Q&A Session Summary Question: What factors contributed to the decision to sunset the BofA relationship? - Management indicated that the decision was due to misalignment in program structure, economics, and consumer engagement [41] Question: Can you provide more detail on the potential for adding new card portfolios? - Management confirmed ongoing discussions with bank partners to onboard new segments or portfolios that could increase MQUs and deepen relationships [44] Question: How should we think about cash flow and the return to positive free cash flow? - Management expressed confidence in returning to positive adjusted EBITDA as early as the second quarter, aided by reduced operating expenses from the Bridg exit [54]

Hudson Technologies (NasdaqCM:HDSN) Q4 2025 Earnings call March 04, 2026 05:00 PM ET Company ParticipantsBrian Bertaux - CFOJennifer Belodeau - Lead Professional of Investor RelationsKate Houghton - SVP of Sales and MarketingKenneth Gaglione - President and CEOConference Call ParticipantsAustin Moeller - Senior Equity Research AnalystGerry Sweeney - Managing Director and Senior Research AnalystMatthew Moss - Senior Equity Research AnalystMatthew Robb - Research AnalystOperatorGreetings. Welcome to the Hudso ...

Everspin Technologies (NasdaqGM:MRAM) Q4 2025 Earnings call March 04, 2026 05:00 PM ET Company ParticipantsBill Cooper - CFOMonica Gould - Head of Investor RelationsSanjeev Aggarwal - President and CEOConference Call ParticipantsNeil Young - Equity Research AnalystRichard Shannon - Senior Research AnalystOperatorGood afternoon, welcome to Everspin Technologies' Fourth Quarter 2025 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the conclusion of management' ...

Ooma (NYSE:OOMA) Q4 2026 Earnings call March 04, 2026 05:00 PM ET Speaker6Good day, and thank you for standing by. Welcome to the Ooma, Inc. fourth quarter and fiscal year 2026 financial results conference 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 at that time, please press star one one on your telephone, and you will hear an automated message advising you your hand is raised. To withdraw y ...

Financial Data and Key Metrics Changes - Total sales for Q2 were $874.8 million, a decrease of 7.9% from the prior year quarter [19] - Adjusted EBITDA was $38.2 million, or 4.4% of total revenue, compared to $74.6 million, or 7.9% of total revenue in the prior year [24] - Restaurant revenue decreased by 7.5% to $694.3 million, with comparable store restaurant sales down by 7.1% [19] - Total retail revenue decreased by 9.3% to $180.5 million, with comparable store retail sales down by 9.2% [20] Business Line Data and Key Metrics Changes - Off-premise sales accounted for 23.6% of restaurant sales, showing a modest increase over the prior year [19] - Restaurant cost of goods sold was 27.4% of restaurant sales, up from 27.1% in the prior year, driven by higher waste and increased discounts [20] - Retail cost of goods sold was 56.8% of retail sales, an increase from 53.4% in the prior year, primarily due to higher tariffs and increased discounts [20] Market Data and Key Metrics Changes - Traffic declined by 10.1% in Q2, with November and December traffic both declining between 10% and 11% [19] - The company reported an improvement in traffic in January, which declined by 9% [19] Company Strategy and Development Direction - The company is focused on improving operations, connecting with guests through menu and marketing, and delivering cost savings to enhance profitability [5] - A multi-pronged menu strategy includes reintroducing guest favorites, introducing new offerings, and enhancing quality [6][9] - The company is leveraging its loyalty program, Cracker Barrel Rewards, which has over 11 million members, accounting for over 40% of tracked sales [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improvements in guest experience metrics and traffic trends, indicating a gradual recovery [32][34] - The company anticipates total revenue for fiscal 2026 to be between $3.24 billion and $3.27 billion, with adjusted EBITDA expected to be approximately $85 million to $100 million [27][28] - Management noted that the rate and level of traffic recovery will be key drivers of fiscal 2026 EBITDA performance [26] Other Important Information - The company is undergoing a corporate restructuring aimed at reducing general and administrative expenses by $20 million to $25 million annually [27] - The company ended the quarter with $531.5 million in debt, compared to $471.5 million in the prior year, maintaining a strong balance sheet [24] Q&A Session Summary Question: Can you provide more details on the quarter-to-date commentary and traffic trends? - Management noted that the underlying trend is gradually improving, with January showing better results than November and December [32] Question: How do the improved brand sentiment scores and Google star ratings correlate with traffic recovery? - Management acknowledged that while these metrics are leading indicators, there is no direct correlation that can predict traffic improvements [34] Question: What marketing strategies are being implemented with reduced advertising spend? - The company is focusing on targeted marketing through loyalty programs and refining messaging to engage specific customer segments [41] Question: What is the current outlook on tariffs and their impact on the business? - Management indicated that the tariff environment is dynamic, with expectations of a smaller impact this year compared to previous estimates [42] Question: What is the guidance for traffic in the back half of the year? - Management expects traffic to decline in the range of -8.5% to -9.5% for the full year, with a more challenging Q4 compared to Q3 [49] Question: How is the company addressing the demand environment with rising gas prices? - Management noted that while gas prices can impact traffic, disposable income is a more significant factor affecting customer spending [62]

Financial Data and Key Metrics Changes - In 2025, the company generated net investment income of $42.3 million, or $1.05 per share, on total investment and other income of $90.9 million, reflecting a year-over-year increase in net assets resulting from operations of $49.2 million or $1.22 per share compared to $32 million or $0.82 per share in the prior year [26][28] - The total investment portfolio at fair value increased to approximately $784 million, a 16% increase from $676 million at the end of 2024 [27] - Net asset value (NAV) increased year-over-year to $8.73 per share at December 31, 2025, compared to $8.61 per share at December 31, 2024 [28] Business Line Data and Key Metrics Changes - The investment portfolio grew year-over-year, with $508 million of new debt commitments to venture growth stage companies, a significant increase from $175 million in 2024 [5][16] - The company funded $287 million in debt investments to 31 companies in 2025, more than double the $135 million funded in 2024 [16][27] - The weighted average annualized portfolio yield on debt investments was 13.7% for the year, down from 15.7% in the prior year due to a shift towards lower yielding, higher quality borrowers [26] Market Data and Key Metrics Changes - The demand for venture debt remained active, with a pipeline exceeding $2 billion at year-end [6] - Venture capital deal value increased to $339 billion across more than 16,000 deals in 2025, marking the second highest in a decade, with deal value in the core venture growth market segment rising 131% year-over-year [6][9] - AI represented 65% of the total U.S. venture deal value last year, indicating a significant capital flow into the sector [9] Company Strategy and Development Direction - The company aims to increase scale, durability, income-generating assets, and NAV to create enduring shareholder value [4] - There is a focus on portfolio diversification, geographic and investment sector rotation, particularly in high-potential sectors leveraging AI [7][12] - The company is positioning itself to benefit from secular trends in aerospace, defense, and advanced manufacturing, aligning with national priorities [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the venture market conditions and the potential for M&A and IPO activity, although recent market volatility may delay IPO expectations [12][58] - The company is actively managing credit situations and believes it is making progress in stabilizing credit quality [47] - The management team emphasized a multifaceted strategy to enhance shareholder value, focusing on strengthening the balance sheet and increasing the earnings power of the business [42][43] Other Important Information - The advisor's income incentive fee waiver has been extended through 2026, which is expected to enhance net investment income [14][32] - The company ended the year with total liquidity of $252.4 million, consisting of cash equivalents and available capacity under the revolving credit facility [32] Q&A Session Summary Question: Is the number of companies raising money this quarter low in historical context? - Management indicated that the low number reflects the freshness of the portfolio vintages and expects fundraising activity to increase in 2026 and 2027 [40] Question: Any changes in long-term goals or strategy? - Management clarified that the strategy is refined annually based on market conditions and focuses on building a strong foundation for long-term growth [42][43] Question: Have most negative marks been worked through? - Management stated that while credit has stabilized, they are still proactive in resolving known situations and are cautious about macroeconomic impacts [47] Question: Visibility on repayments and stock buybacks? - Management noted elevated prepayments in Q4 but lacks visibility for the remainder of the quarter; they are considering stock buybacks as part of their strategy to enhance shareholder value [48][50] Question: Insights on software portfolio exposure and AI disruption? - Management explained that the majority of their software investments are AI-enabled, and they are cautious about traditional software companies but confident in their AI-related investments [54][63]

Okta (NasdaqGS:OKTA) Q4 2026 Earnings call March 04, 2026 05:00 PM ET Speaker3Hi, everyone. Welcome to Okta's fourth quarter fiscal 2026 earnings webcast. I'm Dave Gennarelli, Senior Vice President of Investor Relations at Okta. Presenting in today's meeting will be Todd McKinnon, our Chief Executive Officer and Co-founder, and Brett Tighe, our Chief Financial Officer. Eric Kelleher, our President and Chief Operating Officer, will join the Q&A portion of the meeting. At around the same time that the earning ...

Financial Data and Key Metrics Changes - Earnings for Q4 2025 were $21 million, a $63 million improvement compared to Q4 2024. For the full year 2025, earnings were $12 million, a $72 million improvement [6][15] - Adjusted EBITDA for Q4 2025 was $28 million, a $36 million positive swing from last year. For 2025, adjusted EBITDA grew to $45 million, a $53 million improvement compared to 2024 [6][16] - Net sales were $232 million, $4 million lower than the prior year, reflecting a reduction in volume sold of 10.6 million gallons [9] Business Line Data and Key Metrics Changes - The Carbonic acquisition contributed positively to profitability in the Western segment for both Q4 and the full year 2025 [7] - Gross profit for Q4 2025 was $15.2 million, a significant increase of $16.6 million compared to Q4 2024's gross loss of $1.4 million [9][10] - The Western essential ingredients return improved to 48% in Q4 from 30% a year ago, contributing to an increase in consolidated return to 52% from 43% [11] Market Data and Key Metrics Changes - The company expects to qualify approximately 90 million gallons of combined production on an annual basis for 45Z credits at its Columbia and Pekin facilities [7] - Increased renewable fuel export sales at premiums to domestic sales contributed $5 million on higher volume and higher average sales price per gallon [10] Company Strategy and Development Direction - The company plans to elevate capital expenditures to roughly $25 million in 2026 while maintaining strong cost discipline and prioritizing high ROI projects [17][18] - The focus remains on operational excellence and disciplined capital allocation, with an emphasis on improving profitability and executing growth opportunities [19][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in entering 2026 with a leaner cost structure and higher mix of premium exports and carbon advantage volumes [19] - The company views E15 as a meaningful long-term demand tailwind for the farming and ethanol industries, with positive regulatory momentum [23] Other Important Information - The company generated $10 million in cash flow from operations during Q4 2025 and ended the year with a cash balance of $23 million [16] - The company received a maximum insurance coverage payment of $10 million related to damage at its Pekin campus, with $1.5 million recorded as a reduction to cost of goods sold [12][13] Q&A Session Summary Question: What steps are being taken to increase 45Z tax credits? - Management is focused on lowering carbon intensity scores and optimizing sourcing to enhance eligibility for 45Z credits [27] Question: Are there expectations for revenue pickup in the Western asset in 2026? - Management intends to increase production capacity and overall utilization in the Western segment [32] Question: Can you quantify the ethanol exports locked in for the first half of 2026? - While specific details were not provided, management emphasized the importance of optimizing product value and increasing demand in export markets [42][44]