Argan, Inc. (NYSE:AGX) Q4 2025 Earnings Conference Call March 27, 2025 5:00 PM ET Company Participants Jennifer Belodeau - IMS Investor Relations David Watson - Chief Executive Officer Joshua Baugher - Chief Financial Officer Conference Call Participants Chris Moore - CJS Securities Rob Brown - Lake Street Capital Operator Good evening, ladies and gentlemen, and welcome to the Argan, Inc. Earnings Release Conference Call for the Fiscal Fourth Quarter and year ended January 31, 2025. This call is being recor ...

Co-Diagnostics, Inc. (NASDAQ:CODX) Q4 2024 Earnings Conference Call March 27, 2025 4:30 PM ET Company Participants Andrew Benson - IR Dwight Egan - CEO Brian Brown - CFO Conference Call Participants Operator Good day, and welcome to the Co-Diagnostics Fourth Quarter and Full Year 2024 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, that this event ...

BioAtla, Inc. (NASDAQ:BCAB) Q4 2024 Earnings Conference Call March 27, 2025 4:30 PM ET Company Participants Bruce Mackle - LifeSci Advisors, Investor Relations Jay Short - Chairman, Chief Executive Officer and Cofounder Richard Waldron - Chief Financial Officer Eric Sievers - Chief Medical Officer Sheri Lydick - Chief Commercial Officer Conference Call Participants Jeet Mukherjee - BTIG Tony Butler - Rodman & Renshaw Arthur He - H.C. Wainwright Operator Good day, everyone, and welcome to today's BioAtla Fou ...

HireQuest, Inc. (NASDAQ:HQI) Q4 2024 Results Conference Call March 27, 2025 4:30 PM ET Company Participants John Nesbett - IMS, Investor Relations Rick Hermanns - Chief Executive Officer Steve Crane - Chief Financial Officer Conference Call Participants Kevin Steinke - Barrington Research Keegan Cox - D.A. Davidson Operator Greetings. Welcome to the HireQuest Inc. Fourth Quarter and Year-End 2024 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will foll ...

IRIDEX Corporation (NASDAQ:IRIX) Q4 2024 Earnings Conference Call March 27, 2025 5:00 PM ET Company Participants Trip Taylor - Investor Relations Department Patrick Mercer - Chief Executive Officer Romeo Dizon - Chief Financial Officer Conference Call Participants Operator Hello. And welcome to the Fourth Quarter 2024 IRIDEX Earnings Conference Call. At this time, all lines have been placed on mute to prevent any background noise. I would now like to turn the call to Trip Taylor of the Investor Relations De ...

IZEA Worldwide, Inc. (NASDAQ:IZEA) Q4 2024 Earnings Conference Call March 27, 2025 5:00 PM ET Company Participants Matt Gray - Vice President, Marketing Peter Biere - Chief Financial Officer Patrick Venetucci - Chief Executive Officer Operator Greetings, and welcome to the IZEA Worldwide, Inc. Fourth Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to Matt ...

Financial Data and Key Metrics Changes - The company ended 2024 with a cash balance of $52 million, positioning it strongly for 2025 objectives without needing additional financing [12][24] - Q4 2024 revenue was $30.4 million with a gross profit of $5.4 million, reflecting an 18% profit margin [27] - Q4 net income was $9.5 million, including a bargain purchase gain of $14 million, adjusted earnings per share were $0.02 [27][28] Business Line Data and Key Metrics Changes - Florida Canyon produced over 72,000 ounces of gold in 2024, the highest output in 21 years, with Q4 production of approximately 11,000 ounces at all-in sustaining costs of $2,103 per ounce [9][10][14] - At DeLamar, significant advancements were made in engineering and permitting, setting the stage for a feasibility study in 2025 [11][18] - The Nevada North project confirmed continuity of mineralization through a successful drill program [11][22] Market Data and Key Metrics Changes - The average realized gold price during Q4 was $2,643 per ounce, indicating favorable market conditions for gold sales [10] - The company is positioned to benefit from the evolving regulatory landscape in the US, which is streamlining permitting processes for mining projects [35][36] Company Strategy and Development Direction - The company aims to operate efficiently, develop responsibly, allocate capital wisely, and grow through tactical M&A, focusing on becoming a leading mid-tier gold producer [8][32] - In 2025, the company plans to optimize production at Florida Canyon, release a feasibility study for DeLamar, and advance the Nevada North project [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position to make significant progress at DeLamar in 2025, citing a favorable political and economic backdrop [20][35] - The company is focused on generating robust cash flow and margin expansion in the coming years [34] Other Important Information - The company has made key executive appointments to enhance operational strength and support growth initiatives [37][38] - The company is exploring strategic M&A opportunities to support its growth objectives [32] Q&A Session Summary Question: Can you provide guidance on mining costs and unit costs moving forward? - Management refrained from providing specific guidance for 2025 figures but indicated that G&A costs would increase as the company transitions from a development stage to a producer [46] Question: What is the current utilization of the mining fleet and plans for new equipment? - The mining fleet is achieving mid-80s utilization, with plans for a study to determine the best next steps for equipment maintenance and potential new purchases [54][55] Question: Can you provide an update on the hedging program? - The company has hedged approximately 75% of gold sold ounces through put options with a floor of $2,400, and plans to evaluate further hedging strategies for 2025 [60][62]

Stardust Power Inc. (SDST) Q4 2024 Earnings Conference Call March 27, 2025 05:30 PM ET Company Participants Operator - Conference Call OperatorJoanna Gonzalez - Director of Investor RelationsRoshan Pajari - CEOUday Devaswar - Chief Financial OfficerUnknown Speaker 08 - ParticipantUnknown Speaker 09 - Participant Conference Call Participants Henry Hurl - Analyst (asking on behalf of Nick Giles, B. Riley Securities)Jake Sikelski - Analyst (Alliance Global Partners)Greg Messneff - Analyst (Kingswood Capital Pa ...

Financial Data and Key Metrics Changes - The company reported a revenue decline of 11% to $6.9 million in 2024, primarily due to the exit from a low-margin service agreement [10][25] - High-margin software license fee revenue increased by 20% to $5.2 million in 2024, contributing to an adjusted gross margin of 78%, up from 64% in 2023 [10][30] - Operating expenses were reduced by 6% to $9.7 million in 2024, leading to a net loss improvement to $4.3 million or $2.85 per share, compared to a net loss of $8.5 million or $21.21 per share in 2023 [11][30] Business Line Data and Key Metrics Changes - License fee revenue in Q4 2024 increased by 77% to $1 million, while lower-margin services revenue decreased by 28% to $344,000 [27] - Hardware revenue declined significantly by 88% to $94,000 in Q4 2024, reflecting a lack of large expansion orders compared to the previous year [27][30] Market Data and Key Metrics Changes - The company is seeing increased demand for its passwordless, phoneless, and tokenless authentication solutions, particularly in the Middle East and Asia [14][20] - A notable contract was secured with a foreign financial services client worth $910,000, enhancing the company's presence in the financial sector [15] Company Strategy and Development Direction - The company has exited low-margin software and services relationships to focus on core solutions like PortalGuard IAM and identity-bound biometrics, which offer higher gross margins [9][10] - There is a strategic focus on expanding into emerging markets, including IoT solutions and partnerships with innovative technology developers [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2025, citing encouraging order activity and customer interest in their solutions [12][20] - The company anticipates a return to growth and improved profitability in 2025, with a focus on managing operating costs and investing in R&D [23][49] Other Important Information - The company reduced its outstanding debt to approximately $730,000 from $1.5 million at the end of 2024, strengthening its financial position [7] - The company launched PortalGuard IDAS on the AWS marketplace, enhancing its subscription-based business model [22] Q&A Session Summary Question: Clarification on 10-K filing and restatements - The company confirmed that the 10-K is expected to be filed on Monday and that there are no new restatements beyond those previously disclosed [34][35] Question: Changes in revenue expectations for 2024 - Management explained that the exit from the Swivel Secure business resulted in a revenue delta of about $800,000 to $900,000 for the full fiscal year, impacting overall revenue expectations [39][41] Question: Outlook for hardware and services revenue - Management indicated that growth is expected in both hardware and services revenue in 2025, with hardware sales becoming more integrated into contracts [55] Question: Details on the $910,000 contract - A significant portion of the $910,000 contract will be recognized in Q1 2025, with about $250,000 recognized in Q4 2024 [57] Question: Update on Nigerian ID plans - Management noted ongoing discussions with the World Bank regarding ID plans in Nigeria, with potential for future sales of hardware [68][72]

Financial Data and Key Metrics Changes - Telesat reported revenues of $571 million for the full year 2024, with adjusted EBITDA of $384 million and cash from operations of $62 million, outperforming guidance [21] - In Q4 2024, revenues were $128 million and adjusted EBITDA was $73 million, down $38 million and $50 million respectively from Q4 2023 [22] - The adjusted EBITDA margin decreased to 57.4% in Q4 2024 from 74.3% in Q4 2023, with the GEO segment adjusted EBITDA margin at 78% compared to 82.2% in the same period [22][23] - A net loss of $447 million was recorded in Q4 2024, compared to a net income of $39 million in Q4 2023, primarily due to foreign exchange impacts [25] Business Line Data and Key Metrics Changes - The GEO business is expected to face continued revenue pressure in 2025, with a forecasted decline of approximately $155 million, largely due to lower rates from the DTH business and the end of service contracts [9][10] - The enterprise and consulting activities are also expected to contribute to revenue decline, particularly from maritime and aero markets due to competition from Starlink [10][11] - Operating expenses for Lightspeed are anticipated to increase by approximately $40 million in 2025, driven by investments in engineering and operations [11] Market Data and Key Metrics Changes - The enterprise business has seen significant revenue declines, with a drop of $93 million in 2024, attributed to competition from Starlink and the sale of the Infosat business [72][80] - The company expects continued headwinds in the enterprise space in 2025, with a shift from GEO to LEO impacting revenues [80] Company Strategy and Development Direction - Telesat is focused on disciplined execution in both GEO and LEO markets, with a strong emphasis on building out and commercializing the Lightspeed constellation [12][15] - The company has secured funding from the governments of Canada and Quebec for Lightspeed, investing over $1 billion in development and deployment in 2024 [7][21] - Telesat is optimistic about the market for commercial services, particularly in light of geopolitical shifts increasing demand for sovereign national security requirements [14][15] Management's Comments on Operating Environment and Future Outlook - Management anticipates a challenging operating environment for the GEO business to persist in 2025, with a focus on mitigating market pressures [8][12] - The company is optimistic about the potential for Lightspeed, expecting to launch the first batch of satellites in late 2025 and seeing strong traction with prospective customers [13][14] - Management highlighted the importance of refinancing restricted group debt as a priority for the year [15][58] Other Important Information - Telesat ended 2024 with $552 million in cash on the balance sheet and a total leverage ratio of 6.68 times [21][31] - The company repurchased $262 million in debt during 2024, resulting in annual interest savings of approximately $54 million [27] Q&A Session Summary Question: Can you provide insight on the geopolitical shifts affecting discussions? - Management noted that discussions have accelerated due to a greater focus on sovereign customers needing access to advanced LEO networks, particularly in Canada [36][42] Question: What is the current backlog for Lightspeed? - Management indicated that the LEO backlog is around $600 million, including a significant agreement with the government of Canada, and expects it to grow significantly by the end of the year [44][50] Question: What is the update on debt restructuring? - Management confirmed that refinancing restricted group debt is a priority and is expected to be tackled sooner rather than later [56][58] Question: How does the GEO revenue decline look for 2026? - Management has not projected far into 2026 but noted that the GEO business is predictable, with visibility on major contract renewals [60][62] Question: What is the state of the enterprise business? - Management acknowledged challenges in the enterprise segment due to competition and the aging satellite fleet, but remains optimistic about future opportunities with Lightspeed [80][112]