Latest news with #AISolutions
Cision Canada
a day ago
- Business
- Cision Canada
Shutterstock Unveils Bold New Brand Identity as the Universal Ingredient to Help Business Leaders Fuel Great Work
Shutterstock is redefining its impact in the business of creativity with a fresh new look and a suite of innovative, AI-powered offerings designed to empower businesses, creatives and brand leaders NEW YORK, June 16, 2025 /CNW/ -- After more than two decades of fueling award-winning campaigns and powering some of the world's most influential work, Shutterstock, Inc. (NYSE: SSTK) today announced the unveiling of its bold new visual identity and reintroduced itself as the essential, universal ingredient brands need to make their work more effective. This rebrand marks Shutterstock's strategic evolution as a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work. In addition, the company is solidifying its position as a premier partner for businesses, creatives and brand leaders looking to achieve real business impact leveraging Shutterstock's multi-media creative content, professional studio production, emerging advertising channels like GIPHY, data licensing and AI solutions. "For more than twenty years, Shutterstock has been the engine behind countless creative successes across entertainment, tech, finance, healthcare and essentially every major professional industry," said Shutterstock's Vice President of Brand Strategy, Allison Sitzman. "This rebrand is about showcasing our breadth, depth and the full power of our platform to empower brands and creators to meet and exceed the demands of modern storytelling. Our new identity reflects our commitment to delivering fast, agile and highly effective creative solutions at any scale." Shutterstock fuels great work by deeply understanding what brands and creators need to succeed. With a brand portfolio that delivers everything customers need to build, create and distribute compelling work at any scale, the company is also doubling down on its commitment to providing high-quality fuel to accelerate impact through Shutterstock Content, Shutterstock Studios, and Shutterstock AI Solutions. The company's offerings are strategically designed to help creative business leaders produce impactful stories faster and more efficiently, either independently or co-created with Shutterstock support. Shutterstock's latest impact-focused suite of offerings includes: Unlimited downloads subscription: Shutterstock has begun the rollout of a game-changing addition to its Content suite. Designed for individual users, the Unlimited downloads subscription offers a value-driven solution that makes it significantly easier for creators to build impactful work. This offering provides access to unlimited downloads from a curated, multimodal library of more than 80 million high-quality images, videos and audio content ideal for freelancers, designers, solopreneurs and content creators. Generative AI Pro: Designed specifically for business use, this offering enhances Shutterstock's full suite of enterprise AI capabilities, enabling the creation of photorealistic, stylized, or conceptual visuals at 4K resolution. Through this new offering, customers will now have access to greater creative variety, higher quality, and stronger brand relevance. Generative AI Pro uses a multi-model system made up of both Shutterstock's own models (built in collaboration with Databricks) and trusted third-party models from providers like Open AI, Amazon and Google. The proprietary AI-powered Model Recommender chooses the best-fit model for each prompt, based on millions of past interactions, to give more relevant, higher-quality results. Shutterstock's suite of AI offerings, including the new Generative AI Pro solution, is guided by the company's TRUST framework for responsible AI. AI Data Licensing: For companies looking to build and fine tune AI models, Shutterstock provides one of the largest rights-cleared multimodal datasets and metadata. These datasets fuel the highest quality AI innovation across some of the world's leading AI model builders. In an industry where data is a core ingredient within AI models, Shutterstock continues to evolve with content refreshes, new asset types and new premium metadata. Shutterstock has become one of the largest licensors of multimodal data in this ever-evolving industry. Scalable, End-to-end Creative Content Production: Shutterstock has set a new standard in creative production offering brands and agencies a streamlined, end-to-end model built for speed, scale, and impactful storytelling. Fueled by global creative and technical expertise, the Shutterstock Studios team is leveraging the next generation of advanced production tools—including generative AI, virtual production, and real-time immersive technologies—to deliver a future-facing solution to the content needs of the world's biggest marketers. Shutterstock Studios' world-class creative has already earned some of the industry's top honors, including Clios, Webbys, Anthem Awards, and Cannes Lions recognition. GIPHY Ads: As part of Shutterstock's family of brands, GIPHY adds to the company's portfolio of offerings designed to fuel the entire creative ecosystem—strategically expanding its capability to shape the future of creative content distribution. With the expansion of the available marketing mix and channels accessible to brands, GIPHY Ads offers a new way to directly connect and engage with customers through ads they share, not just see—putting brands in front of GIPHY's extensive network which generates 1B+ search queries every day. Across industries, organizations are increasingly looking for ways to generate content, custom creative, and distribute campaigns at speed and scale. Shutterstock's AI-powered suite enables teams to bring these elements together in a single, streamlined workflow—accelerating time-to-market while maintaining brand consistency. Rather than a set of standalone tools, the company's latest offerings are designed to be modular and interoperable, allowing customers to combine any or all capabilities into a cohesive solution tailored to their goals. This integrated approach supports a wide range of needs: some teams opt to stay hands-on, using various offerings to experiment and build with guidance and training on effective AI prompting, while others choose to have content curated and generated on their behalf. This flexibility allows businesses to operationalize generative AI in ways that align with their existing processes—whether embedding it into traditional creative workflows or scaling new capabilities across departments. By meeting a broad range of customer needs, from hands-on to hands-free, the platform helps teams move faster and go further. "The future of storytelling demands speed and intelligence to compete in a highly saturated market, and businesses that effectively solve for this outperform competitors across every meaningful metric, from customer engagement to revenue growth and more," said Aimee Egan, Chief Enterprise Officer at Shutterstock. "Our new identity is a symbol of the investments we've made in scalable AI and data-driven content solutions that meet our customers where they are so they can tackle their business challenges head-on." As Shutterstock enters a new chapter, its refreshed brand identity also reflects a forward-looking vision grounded in innovation, trust and impact. With advanced AI tools and a wide range of content and services, Shutterstock helps today's creative leaders move faster and adapt in real time, maximizing storytelling. From global campaigns to everyday content needs, Shutterstock remains a key partner that fuels great work, empowering creatives to stay ahead in a constantly evolving industry. The launch of this rebrand follows the announcement earlier this year that Shutterstock and Getty Images have entered into a definitive merger agreement to combine in a merger of equals transaction, creating a premier visual content company. The merged company will be well–positioned to meet the evolving needs of creative, media, and advertising industries through combined investment in content creation, event coverage, and product and technology innovation. Until the deal closes, subject to the satisfaction of customary closing conditions, both companies continue to operate independently, business as usual, and Shutterstock remains focused on driving storytelling innovation and providing solutions for today's creative business leaders. About Shutterstock Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock is home to the world's largest and most diverse collection of high-quality licensable assets, data and AI solutions, advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.
Yahoo
23-05-2025
- Business
- Yahoo
Nano X Imaging Ltd (NNOX) Q1 2025 Earnings Call Highlights: Strategic Growth Amidst Financial ...
Revenue: $2.8 million for Q1 2025, compared to $2.6 million in Q1 2024. Net Loss: $13.2 million for Q1 2025, compared to $12.2 million in Q1 2024. Gross Loss: $3.0 million on a GAAP basis for Q1 2025, compared to $2.1 million in Q1 2024. Non-GAAP Gross Loss: $0.4 million for Q1 2025, compared to a gross profit of $0.6 million in Q1 2024. Teleradiology Revenue: $2.6 million for Q1 2025, with a gross profit of $0.4 million on a GAAP basis. AI Solutions Revenue: $0.2 million for Q1 2025, with a gross loss of $1.9 million on a GAAP basis. Research and Development Expenses: $5.0 million for Q1 2025, compared to $5.2 million in Q1 2024. Sales and Marketing Expenses: $0.9 million for Q1 2025, compared to $0.8 million in Q1 2024. General and Administrative Expenses: $5.1 million for Q1 2025, compared to $5.0 million in Q1 2024. Cash Equivalents and Marketable Securities: Approximately $72.9 million as of March 31, 2025. Shares Outstanding: Approximately 63.8 million as of March 31, 2025. Warning! GuruFocus has detected 1 Warning Sign with NNOX. Release Date: May 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Nano X Imaging Ltd (NASDAQ:NNOX) has made strategic acquisitions, such as USARAD and Zebra Medical Imaging, which have doubled revenues and transitioned from a pre-revenue business to one generating growing revenue. The company has seen a significant increase in its sales pipeline, doubling since January 2025, with over 1,000 leads being handled by the sales team. Nano X Imaging Ltd (NASDAQ:NNOX) has achieved regulatory success, including receiving 510(k) clearance from the FDA for the system. The company is experiencing steady revenue growth from its US teleradiology business and increasing revenues from AI solutions. Nano X Imaging Ltd (NASDAQ:NNOX) is expanding its global presence, with plans to deploy over 100 ARC systems worldwide by the end of 2025, including in the US, Europe, and other regions. The company reported a GAAP net loss of $13.2 million for Q1 2025, an increase from the $12.2 million loss in Q1 2024. Despite the deployment of over 60 units, revenue inflection from these units has been slower than anticipated due to regulatory and setup delays. The gross loss for the reported period was $3.0 million on a GAAP basis, compared to a gross loss of $2.1 million in the comparable period. The AI solutions business reported a gross loss of $1.9 million on a GAAP basis for the reported period. The company faces challenges in introducing new and innovative technology in the US market, which requires significant time and resources for customer education and regulatory approvals. Q: Could you give us a sense of the geographical distribution for the 100 units you anticipate placing by the end of the year? A: The majority of the units will be in the US. Based on regulatory approvals, about 15-20% will be in Europe, and around 10% in other regions like Israel, Africa, and Latin America. The speed of regulatory approvals and installation capabilities will influence these placements. Q: Can you provide more details on the USARAD second opinion services, including pricing and reimbursement? A: The second opinion service is priced at approximately $300 and operates mostly on a private, retail model. It is a growing business, and we are also seeing growth in our B2B2C model, such as with Ezra, where readings are priced at $75, potentially increasing with additional AI applications. Q: You mentioned 60 units in various stages of deployment. How many are operational in the US, and why hasn't there been a revenue inflection? A: Over 20 units are in the US, with some awaiting regulatory or other approvals. Revenue generation follows several phases post-deployment, including registration and obtaining EOBs. Once these are in place, scan numbers and revenue increase significantly. Q: How should we think about reaching a breakeven point across your business lines? A: Our teleradiology division is already profitable with gross margins between 36-42%. The AI business is expected to break even in 2026, and the ARC division in 2027. Transitioning to ARC-X with lower costs will improve margins. Q: When might we see an inflection point for higher placements per quarter? A: We expect an inflection point in the second half of 2025. Progress is being made across technology, regulatory, and market segments, but introducing new medical equipment requires significant education and clinical support. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
21-04-2025
- Business
- Yahoo
Nano X Imaging Ltd (NNOX) Q4 2024 Earnings Call Highlights: Navigating Growth Amidst Financial ...
Revenue: $3.0 million for the reported period, compared to $2.4 million in the comparable period. Net Loss: $14.1 million for the fourth quarter of 2024, compared to $10.2 million in the fourth quarter of 2023. Gross Loss: $2.9 million on a GAAP basis for the reported period, compared to $1.7 million in the comparable period. Non-GAAP Gross Loss: $0.3 million for the reported period, compared to a gross profit of $0.9 million in the comparable period. Teleradiology Services Revenue: $2.8 million with a gross profit of $0.6 million on a GAAP basis for the reported period. Non-GAAP Gross Profit Margin for Teleradiology: 41% for the reported period, compared to 38% in the comparable period. Imaging System Revenue: $136,000 for the reported period, with a gross loss of $1.5 million on a GAAP basis. AI Solutions Revenue: $83,000 with a gross loss of $2.0 million on a GAAP basis for the reported period. Research and Development Expenses: $5.4 million for the reported period, compared to $6.8 million in the comparable period. Sales and Marketing Expenses: $0.9 million for the reported period, compared to $1.0 million in the comparable period. General and Administrative Expenses: $5.8 million for the reported period, compared to $3.8 million in the comparable period. Cash and Equivalents: Approximately $83.5 million as of December 31, 2024. Shares Outstanding: Approximately 63.8 million as of December 31, 2024. Warning! GuruFocus has detected 1 Warning Sign with NNOX. Release Date: March 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Nano X Imaging Ltd (NASDAQ:NNOX) achieved significant regulatory milestones, including FDA general use clearance and CE mark designation for the system. The company is expanding its market presence in the US and Europe, with new distribution agreements and strategic partnerships. Positive feedback from initial customers and early adopters of the system indicates strong market interest and potential for growth. The company's AI solutions are gaining traction, with new customer engagements and collaborations in the US and Europe. Nano X Imaging Ltd (NASDAQ:NNOX) is making progress in clinical trials and data generation, which supports the clinical value and adoption of its imaging technology. The company reported a GAAP net loss of $14.1 million for the fourth quarter of 2024, an increase from the previous year. Revenue from AI solutions remains relatively low, with a gross loss reported for the period. There is uncertainty regarding the timing of the inflection point for significant revenue growth from imaging solutions. Operating expenses have increased, particularly in general and administrative costs, due to higher legal expenses. The company does not provide specific guidance on future financial performance, creating uncertainty for investors. Q: Could you elaborate on the DME partners in the US and whether the ARC will be sold outright or placed under an imaging-only scenario? A: Erez Meltzer, CEO: We have both options. Some will be sold as CapEx direct, where they handle installation and sales, while others will follow the typical model we currently have. Q: Can you provide an update on the US platform and expected placements for 2025? A: Erez Meltzer, CEO: We are doubling our team every quarter, with five salespeople currently. We are expanding clinical support to build market awareness. We expect significant impact from channel partners and are targeting small to medium-sized medical imaging centers, orthopedic clinics, and multi-specialty medical centers. Q: How many systems were deployed in the US during the quarter, resulting in $136,000 in system revenue? A: Erez Meltzer, CEO: We don't disclose exact numbers, but systems are in various stages of installation. We expect channel partners to add value, and each new salesperson expands our installation base. Q: How should we think about pricing for ARC in Europe and its impact on gross margin? A: Erez Meltzer, CEO: In Europe, we have expanded our team and engaged new distributors. We expect installations to start in the next six months, with most sales being CapEx and a smaller portion under a different model. Q: Can you provide any guidance or outlook for 2025, particularly for teleradiology services and AI solutions? A: Ran Daniel, CFO: We don't provide guidance, but teleradiology services are expected to grow in line with analyst consensus. AI solutions saw a one-time income in Q3, but we expect growth in 2025 with an increase in clients and pilots. Q: When should we expect an inflection point in imaging solutions revenue? A: Ran Daniel, CFO: We don't provide specific guidance, but growth will be driven by US and EU market expansion, new product clearances, and increased market awareness. Q: How will the capital raised be used to drive system placement? A: Ran Daniel, CFO: We raised $38 million gross in Q1 2024, which will be used to accelerate commercialization of both imaging and AI products. Q: Do you anticipate continuing to use the ATM facility this year? A: Ran Daniel, CFO: We don't provide forward-looking actions, but we are conservative and consider existing shareholders when making decisions. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Zawya
12-02-2025
- Business
- Zawya
DXB Female Founders Initiative secures sponsorship from google cloud
Dubai, UAE – DXB Female Founders (DFF) monthly event series, a dynamic initiative dedicated to empowering women entrepreneurs in the UAE, today announced that Google Cloud will sponsor the event series. Hosted at the Google Cloud office in Dubai, the series aligns with Google Cloud's commitment to creating an environment that supports opportunity for all within the technology sector and supporting the growth of a vibrant entrepreneurial ecosystem in the region. Launching today, the DFF series will provide a unique platform for aspiring and established female entrepreneurs to connect, learn, and grow. Each month, the events will feature a unique theme, brought to life through interactive workshops, expert-led sessions, and inspiring founder stories designed to equip women with the essential skills and knowledge to succeed in today's competitive landscape. The inaugural event on February 12th will highlight 'Founder Stories,' featuring Saba Yussouf, General Partner of Nettle Ventures. A successful entrepreneur, she sold her first company at 24 for £2 million and now leads a $60 million biotech firm. Saba will share key insights on investor readiness, what investors look for, and how founders can better prepare for funding. The inaugural event will also feature Marisa Peer, celebrity therapist and best-selling author of I Am Enough. Marisa will deliver a powerful session focused on overcoming limiting beliefs, building self-confidence, and achieving entrepreneurial success. Known for her work with global leaders, athletes, and high-profile clients, she brings invaluable insights to help female founders unlock their full potential. The series will also feature speakers such as Nacho Floristan, Director of Generative AI Solutions Architecture at Google Cloud, and will also feature "founder stories" where successful women will share their journeys and insights. Recognizing the importance of mental well-being for entrepreneurs, the series will also include Dr. Louise Lambert, PhD, a renowned expert in positive psychology. Dr. Lambert will speak about applying the science of positive psychology toward social capital and joyful living—proving that even entrepreneurs can build success while maintaining balance and fulfillment. Faranak Farahmand Pour, Director of Global Strategic Initiatives at Google Cloud, said: "Through our support of the DXB Female Founders event series, we aim to help unlock the immense potential of female talent in this region and contribute to the UAE's ambitious goals for economic growth and technological advancement." Nicki Bedford, Founder & CEO of DXB Female Founders, added, "DXB Female Founders is dedicated to providing women entrepreneurs with the tools, knowledge, and network they need to succeed—while being surrounded by a supportive community of women who genuinely want to see each other succeed. Our monthly series offers practical workshops, mentorship opportunities, and a supportive community to help women overcome challenges, scale their businesses, and achieve their full potential. We are incredibly grateful for Google Cloud's sponsorship and their commitment to empowering women in tech. Their support will enable us to reach more women and provide them with unparalleled access to resources and expertise." The DXB Female Founders series is more than just an event; it's a strategic incubator for ideas, collaboration, and leadership development, designed specifically for the UAE's burgeoning entrepreneurial community. Hosting the series at Google Cloud's Dubai offices adds a layer of inspiration, connecting participants to a global hub of innovation while staying rooted in the region's specific ambitions. By equipping women with essential skills, fostering valuable connections, and providing access to experienced mentors through the DFF network, this initiative aims to fuel the growth of the UAE's entrepreneurial ecosystem. The series directly aligns with the nation's ambitions for technological leadership, economic diversification, and fostering a culture of innovation. About DXB Female Founders DXB Female Founders is a dynamic business network for ambitious women entrepreneurs and businesswomen in Dubai. We provide a platform for true connection, mentorship, and growth through networking, curated events, and access to strategic resources. Our mission is to support women in building successful ventures while leading with confidence, and enjoying the entire entrepreneurial journey! Beyond networking, we focus on investor readiness, strategic brainstorming, and providing the tools and insights needed to scale and grow thriving businesses.
