Joshua Drumm Thank you. Hello, and thank you for joining us to discuss Valneva’s Full Year 2024 Results and Corporate Update. It’s my pleasure to welcome you today. In addition to our press release and analyst presentation, you can find our consolidated financial results for the 12 months ended December 31, 2024, which were published earlier today available within the Financial Reports section on our Investor website. I’m joined today by Valneva’s CEO, Thomas Lingelbach; and CFO, Peter Bühler, who will prov ...

Gold Royalty Corp. (NYSE:GROY) Q4 2024 Earnings Conference Call March 20, 2025 11:00 AM ET Company Participants David Garofalo - Chairman & CEO Andrew Gubbels - CFO Jackie Przybylowski - VP, Capital Markets Peter Behncke - Director, Corporate Development & IR Conference Call Participants Heiko Ihle - H.C. Wainwright Eric Winmill - Scotiabank Operator Welcome to the Gold Royalty Corp. Fourth Quarter 2024 Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After to ...

Cibus, Inc. (NASDAQ:CBUS) Q4 2024 Earnings Conference Call March 20, 2025 4:30 PM ET Company Participants Carlo Broos - Interim Chief Financial Officer Peter Beetham - Co-Founder, President and COO, Interim CEO Greg Gocal - Co-Founder and Chief Scientific Officer and Executive Vice President Conference Call Participants Laurence Alexander - Jefferies Austin Moeller - Canaccord Sameer Joshi - H. C. Wainwright Matthew Venezia - Alliance Global Partners Operator Good afternoon, and welcome to the Cibus Fourth ...

Ouster, Inc. (NASDAQ:OUST) Q4 2024 Earnings Conference Call March 20, 2025 5:00 PM ET Company Participants Jim Fanucchi - IR Angus Pacala - CEO Chen Geng - Interim CFO Conference Call Participants Andres Sheppard - Cantor Fitzgerald Timothy Savageaux - Northland Capital Markets Casey Ryan - WestPark Capital Madison de Paola - Rosenblatt Operator Hello, and welcome to Ouster’s Fourth Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After today’s prese ...

MacroGenics, Inc. (NASDAQ:MGNX) Q4 2024 Earnings Conference Call March 20, 2025 4:30 PM ET Company Participants James Karrels - SVP, CFO and Secretary Scott Koenig - President and CEO Stephen Eck - SVP, Clinical Development & Chief Medical Officer Conference Call Participants Peter Lawson - Barclays Jonathan Chang - Leerink Partners Nicholas Lorusso - TD Cowen Jonathan Miller - Evercore ISI Stephen Willey - Stifel Silvan Tuerkcan - Citizens JMP Securities Mayank Mamtani - B. Riley Securities Operator Good a ...

SWK Holdings (SWKH) Q4 2024 Earnings Call March 20, 2025 07:04 PM ET Company Participants Susan Xu - Investor RelationsJody Staggs - CEO & PresidentAdam Rice - CFO Conference Call Participants None - Analyst Operator Greetings. Welcome to the SWK Holdings Fourth Quarter twenty twenty four Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. Please note this conference is being recorded. Susan Xu Thank you. Good morning, ...

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Q4 2024 Earnings Conference Call March 20, 2025 10:00 AM ET Company Participants Dan Aldridge - Vice President, Investor Relations Steve Lawrence - Chief Executive Officer Carl Ford - Chief Financial Officer Conference Call Participants Anthony Chukumba - Loop Capital Christopher Horvers - JPMorgan Brian Nagel - Oppenheimer Kate McShane - Goldman Sachs Greg Melich - Evercore Michael Lasser - UBS Simeon Gutman - Morgan Stanley Operator Good morning, and welcome ...

Tenon Medical, Inc. (NASDAQ:TNON) Q4 2024 Earnings Conference Call March 20, 2025 4:30 PM ET Company Participants Steve Foster - President and CEO Kevin Williamson - Chief Financial Officer Conference Call Participants Anthony Vendetti - Maxim Group Operator Greetings. And welcome to the Tenon Medical Fourth Quarter and Full Year 2024 Financial Results and Corporate Update Conference Call. As a reminder, this call is being recorded. Your hosts today are Steve Foster, President and Chief Executive Officer; a ...

Vaxart, Inc. (NASDAQ:VXRT) Q4 2024 Earnings Conference Call March 20, 2025 4:30 PM ET Company Participants Ed Berg - SVP and General Counsel Steven Lo - CEO James Cummings - CMO Sean Tucker - Founder and CSO Phillip Lee - CFO Ray Stapleton - CTO Conference Call Participants Cheng Li - Oppenheimer Liang Cheng - Jefferies Operator Greetings and welcome to the Vaxart Business Update and Fourth Quarter and Full Year 2024 Financial Results Conference call. A question-and-answer session will follow management's o ...

Financial Data and Key Metrics Changes - For Q4 2024, the company reported sales of $275.6 million, a decrease from $293.5 million in the previous year, but an increase of 1.4% when excluding the impact of the 53rd week in fiscal 2023 [31][32] - Adjusted EBITDA increased to $16.7 million from $16.4 million year-over-year, with an adjusted EBITDA margin expanding by 50 basis points to 6.1% [35][36] - The company ended the quarter with $48.5 million in cash, a significant increase from $11.7 million a year ago, and total liquidity stands at $158 million [27][37] Business Line Data and Key Metrics Changes - Comparable sales were down 0.8% for the quarter, but there was a positive response in apparel, particularly in denim, non-denim bottoms, and dresses, which saw high demand [12][32] - The company ended the year with inventory up 4%, primarily due to higher in-transit levels, but down 18% on a two-year basis [13][38] Market Data and Key Metrics Changes - The company experienced some choppiness in business during early weeks of the quarter due to macroeconomic uncertainty and adverse weather, but saw a trend line improvement as the quarter progressed [9][10] - The new sub-brands are attracting younger customers, with new buyers averaging in their mid-30s, indicating a shift in customer demographics [20][100] Company Strategy and Development Direction - The company is focused on three strategic priorities: enhancing product assortment, driving customer growth, and executing a store optimization plan [15][25] - The strategy includes closing underperforming locations while selectively opening new stores in high-performing markets, with plans to close an additional 40 to 50 stores in fiscal 2025 [25][42] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the business, noting improvements in traffic and core categories, while acknowledging the uncertain consumer environment [10][54] - For fiscal 2025, the company expects full-year sales to range between $1.080 billion and $1.100 billion, with adjusted EBITDA projected between $100 million and $110 million [44][45] Other Important Information - The company is reallocating marketing investments to support sub-brand launches and model search initiatives, indicating a strategic shift in marketing focus [46] - The company has a flexible sourcing structure and is expanding into new markets to mitigate tariff impacts [81][82] Q&A Session Summary Question: What are the latest thoughts on the health of the Torrid consumer? - Management noted that the fundamental strength of the Torrid customer remains intact, with positive traffic trends but more conservative conversion rates [50][54] Question: Can you quantify the impact of the 40 to 50 additional store closures this year? - The majority of closures will happen in Q4, with benefits expected to flow through financials in the following year [56][59] Question: Do you anticipate this being a prolonged campaign of closings? - Management indicated that while there will be opportunities for closures, it is not expected to be a prolonged project [62][64] Question: What is your guidance embedding on the tariff impact of the year? - The guidance includes all known tariffs, with a flexible sourcing structure to navigate potential changes [81][82] Question: How do you think about the cadence of gross margin and SG&A throughout the year? - SG&A is expected to be higher in the first half due to shifted marketing expenses, but overall should remain consistent with the prior year [111]