Latest news with #BryanLee
Yahoo
16-05-2025
- Business
- Yahoo
FIVN Q1 Earnings Call: AI Drives Growth and Margin Expansion Amid Cautious Outlook
Call center software provider Five9 (NASDAQ: FIVN) reported Q1 CY2025 results beating Wall Street's revenue expectations , with sales up 13.2% year on year to $279.7 million. The company expects next quarter's revenue to be around $275 million, close to analysts' estimates. Its non-GAAP profit of $0.62 per share was 27.9% above analysts' consensus estimates. Is now the time to buy FIVN? Find out in our full research report (it's free). Revenue: $279.7 million vs analyst estimates of $272.5 million (13.2% year-on-year growth, 2.6% beat) Adjusted EPS: $0.62 vs analyst estimates of $0.48 (27.9% beat) Adjusted Operating Income: $40.31 million vs analyst estimates of $31.1 million (14.4% margin, 29.6% beat) The company reconfirmed its revenue guidance for the full year of $1.14 billion at the midpoint Management raised its full-year Adjusted EPS guidance to $2.76 at the midpoint, a 6.2% increase Operating Margin: -1.9%, up from -8.4% in the same quarter last year Free Cash Flow Margin: 12.5%, similar to the previous quarter Net Revenue Retention Rate: 107%, down from 108% in the previous quarter Annual Recurring Revenue: $1.06 billion at quarter end, up 11.6% year on year Billings: $275.3 million at quarter end, up 12% year on year Market Capitalization: $2.11 billion Five9's first quarter results reflected ongoing momentum in its enterprise subscription business and notable improvements in profitability, as management cited strong adoption of its artificial intelligence (AI) solutions and disciplined expense controls. CEO Mike Burkland pointed to a 32% year-over-year increase in enterprise AI revenue and highlighted customer success stories that demonstrated measurable efficiency gains, such as a fast-food chain achieving a nearly 40% improvement in call containment rates. Looking ahead, management reconfirmed annual revenue guidance but expressed caution given ongoing macroeconomic uncertainty and lengthening sales cycles in large enterprise deals. CFO Bryan Lee noted, "Given recent heightened macro uncertainty, we believe it is important to take a slightly more prudent stance in terms of our guidance," while raising full-year adjusted EPS guidance on the back of cost-saving initiatives and improved operating leverage. The company continues to invest in AI and go-to-market strategies, aiming to sustain profitable growth and achieve its medium-term "Rule of 40" targets. First quarter performance was underpinned by strength in Five9's enterprise AI offerings, ongoing cloud migration, and operational discipline. Management attributed outperformance to robust demand for AI-powered customer experience solutions and successful upsell initiatives in the installed base, while also flagging external factors affecting international growth. AI Product Momentum: Management emphasized accelerating adoption of its AI suite, with over 20% of enterprise new logo bookings containing AI and enterprise AI revenue up 32% year over year. The AI blueprint program, designed to help customers identify and deploy AI use cases, contributed to both new sales and upsells. Cloud Migrations Continue: The company noted that the shift from on-premise to cloud-based contact center solutions remains a major driver of growth, especially among large enterprise customers. Management described the upper end of the market as "the largest and least penetrated part of the market and the fastest growing category of our business." Operational Review and Cost Controls: Five9 completed an operational review, resulting in a 4% workforce reduction to streamline expenses and focus investment on AI and go-to-market initiatives. This contributed to margin expansion and improved cash generation. Strategic Partnerships Deepen: The company launched Five9 Fusion, a new native integration with Salesforce, and expanded collaborations with ServiceNow, Google Cloud, and IBM. These partnerships are designed to enhance AI-powered customer experience offerings and broaden market reach. International Headwinds: Management reported some resistance among international customers to U.S. vendors, largely driven by geopolitical factors. They indicated this was more pronounced in new logo opportunities than in the existing customer base. Management's outlook for the remainder of the year centers on continued investment in AI innovation, targeted go-to-market initiatives, and careful monitoring of macroeconomic headwinds, particularly in international and large enterprise segments. AI Adoption and Monetization: The company expects further growth from its AI offerings, with management indicating that higher AI mix should support gross margin expansion and long-term profitability. Sales Cycle and Market Conditions: Management highlighted lengthening sales cycles for large enterprise deals and increased caution among buyers, which could impact deal timing and revenue conversion. Cost Discipline and Margin Focus: Ongoing expense management, including the recent workforce reduction, is expected to support margin improvement and higher non-GAAP EPS, even as the company continues to invest in strategic initiatives. Robert Morelli (Needham): Asked if first quarter subscription revenue would be the trough for the year; management responded that revenue guidance assumes muted seasonality and increased prudence but was not specific about quarterly trends. Siti Panigrahi (Mizuho): Inquired about elongated sales cycles in enterprise, especially internationally. Management confirmed longer cycles in large deals and noted some international resistance but said most deals merely slipped to the next quarter. Raimo Lenschow (Barclays): Questioned how AI is impacting customer decision-making amid uncertainty; CEO Burkland said AI is accelerating adoption, with 50% of customers in the AI blueprint program purchasing AI products. Samad Samana (Jefferies): Asked about co-sell dynamics with partners and AI's impact on gross margins; management described active co-sell arrangements and noted that AI revenue carries higher margins, benefiting overall profitability. Rishi Jaluria (RBC): Pressed for clarity on what counts as AI revenue and whether increased AI adoption could pressure gross margins; management specified only advanced AI products are included and that AI is a margin tailwind, not a headwind. In the quarters ahead, the StockStory team will monitor (1) the pace of enterprise AI adoption and its impact on subscription growth, (2) progress of new strategic partnerships—particularly the Salesforce Fusion integration—and associated pipeline expansion, and (3) signs of stabilization or improvement in international and large enterprise sales cycles. Additionally, we will track management's ability to maintain cost discipline while investing for long-term growth. Five9 currently trades at a forward price-to-sales ratio of 2.1×. At this valuation, is it a buy or sell post earnings? The answer lies in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. 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Yahoo
16-05-2025
- Business
- Yahoo
Fonon Technologies DefenseTech: Pioneering the Fight Against Saltwater Corrosion
Laser Systems Delivering Unprecedented Maritime Durability and Efficiency ORLANDO, Fla., May 16, 2025--(BUSINESS WIRE)--Fonon Technologies, a provider of state-of-the-art laser technologies for material processing and defense infrastructures, today showcased the groundbreaking applications of its handheld DefenseTech laser cleaning systems, heralding a paradigm shift in naval asset protection and operational longevity. The cutting edge DefenseTech line of handheld and automated laser cleaning systems offers a versatile, sustainable, non-abrasive, and highly efficient range of products. They are specifically engineered for maintaining the structural integrity of maritime and naval vessels, effectively controlling corrosion and biofouling in the most challenging marine environments. This cutting-edge technology is ideally suited for addressing areas that deteriorate over time, from intricate frame weldments and critical joint connections to expansive hull surfaces. Beyond superior corrosion control, DefenseTech systems excel in rapid de-painting, precise surface preparation for new coatings, and the removal of contaminants, significantly reducing maintenance downtime and extending asset lifecycles. "Our DefenseTech series addresses a critical need in the naval and maritime sectors," stated Bryan Lee, Vice President of Fonon Technologies. "We're not just offering another tool; we're providing a smarter, more efficient way to enhance the longevity and operational readiness of marine assets, from the smallest utility craft to the largest naval carriers. Our advanced technology has significant implications for safeguarding investments, empowering crews, and fostering a healthier ocean ecosystem. We're proud to bring this level of innovation to an industry that truly benefits from it." The economic impact of corrosion on the naval and maritime industry is staggering, estimated to be in the trillions of dollars annually, encompassing direct repair costs, operational disruptions, and premature asset replacement. Fonon Technologies' DefenseTech technology directly confronts this challenge, offering a superior alternative to traditional, often environmentally detrimental, methods such as abrasive blasting and chemical stripping. By leveraging focused laser energy, DefenseTech systems precisely ablate unwanted material without damaging the substrate, ensuring a cleaner, safer, and more effective process. This translates to substantial long-term cost savings, reduced hazardous waste, and enhanced worker safety. This order underscores Fonon Technologies' success in delivering high-performance laser solutions and solidifies its growing prominence within the defense industry. For more information about the DefenseTech line of laser cleaning systems, please visit or contact Fonon Technologies' sales department at sales@ About Fonon Technologies Fonon Technologies is a diversified industrial laser equipment provider serving government organizations, all branches of the U.S. military, and defense contractors. Led by a team with deep expertise in military and naval operations, the company tackles the challenges of defense maintenance, repair, overhaul and protection with advanced laser solutions. For more information, visit View source version on Contacts Media Contact: Rohan NarainFonon TechnologiesRnarain@ 407.804.1000, ext. 1118 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
02-05-2025
- Business
- Business Wire
Fonon Technologies Scores Third Major Order for Advanced Laser Cleaning Systems From Incredible Supply & Logistics
ORLANDO, Fla.--(BUSINESS WIRE)-- Fonon Technologies, a provider of state-of-the-art laser technologies for material processing and defense infrastructures, announced it has received a substantial third order for its DefenseTech Laser Cleaning Systems. This order was facilitated through a valued distribution partner, Incredible Supply & Logistics (ISL), an award-winning product distribution and third-party logistics (3PL) company. ISL and Fonon Tech are committed to revitalizing the defense industrial base through innovation. Our military and defense customers are rapidly adopting Fonon's ITAR- and TAA-compliant laser cleaning solutions as superior alternatives to legacy methods. Bryan Lee, Vice President of Fonon Technologies, emphasized the strategic importance of this order, stating: "Our continued success in securing repeat business from key partners like ISL demonstrates the scalability and market demand for our advanced laser cleaning solutions. This third order to ISL confirms that our laser cleaning technology is not only meeting today's needs but is also shaping the future of mission-critical maintenance within the defense sector. We're proud to be at the forefront, driving this transformative change." Chris Faison, Founder and CEO of ISL, said: 'ISL and Fonon Technologies have built a strong partnership, accelerating the deployment of advanced laser cleaning and engraving solutions across the federal community. Together, we're committed to revitalizing the defense industrial base through innovation and execution. Our military and defense customers are rapidly adopting Fonon's ITAR and TAA compliant laser cleaning solutions as a superior alternative to legacy methods like abrasive blasting and chemical treatments, which are costly, slow, and can pose environmental and health risks.' Fonon Technologies will supply ISL's customer, a key provider of mission-focused technology solutions, systems engineering, and services for U.S. Defense, Intelligence, and Federal Civilian agencies, with five handheld laser cleaning systems. The models include the DefenseTech MRLS Portable Finishing Laser 1020 (DTMF-1020), CleanTech Industrial Conditioning Laser 2010 (CTIC-2010), and CleanTech Industrial Roughening Laser 3040 (CTIR-3040). This order underscores Fonon Technologies' success in delivering high-performance laser solutions and solidifies its growing prominence within the defense industry. DefenseTech systems excel at removing rust, coatings, and residues without compromising the integrity of underlying surfaces. This capability translates to enhanced operational readiness and extended equipment lifespans. Furthermore, these eco-friendly solutions eliminate the need for harsh chemicals and abrasive media, significantly reducing secondary waste and minimizing health risks for operators. For more information about the DefenseTech line of laser cleaning systems, please visit or contact Fonon Technologies' sales department at sales@ About Fonon Technologies Fonon Technologies is a diversified industrial laser equipment provider serving government organizations, all branches of the U.S. military, and defense contractors. Led by a team with deep expertise in military and naval operations, the company tackles the challenges of defense maintenance, repair, overhaul and protection with advanced laser solutions. For more information, visit ISL is an award-winning U.S. small business providing product distribution solutions and services across industrial, MRO, tactical, workwear & IT supply serving the Federal, Defense, Maritime & Space communities. The ISL team specializes in supporting government customers and defense contractors with custom supply chain and sustainment solutions, comprehensive Bill of Material (BOM) sourcing, supply consolidation, kitting services, and customized third-party logistics (3PL). To learn more about ISL and Fonon Technology Solutions visit:
Yahoo
03-04-2025
- Business
- Yahoo
Fonon Technologies And ISL Partner To Deliver Cutting-Edge Maintenance Solutions At SEA-AIR-SPACE 2025
Laser Systems Target Rust And Optimize MRO For Global Military Applications ORLANDO, Fla., April 03, 2025--(BUSINESS WIRE)--Fonon Technologies, a premier marketing and systems integration provider of state-of-the-art laser technologies for material processing and defense infrastructures, is joining forces with Incredible Supply & Logistics (ISL), an award-winning product distribution, mission kitting and third-party logistics (3PL) company, at the Sea-Air-Space (SAS) 2025 maritime exposition. The event will take place at the forum for defense industry leaders and top military decision-makers from April 6-9 at Gaylord National Resort & Convention Center, Maryland Hall #2924. Hosted annually by the U. S. Navy League, SAS focuses on modern maritime security threats and operations across all warfighting domains, from underwater to outer space. The exposition gathers military leaders, government officials and industry executives from around the world to advance integrated defense strategies and share the latest advancements in seafaring security. "Our presence at Sea-Air-Space 2025 allows us to directly demonstrate the operational advantages of laser technology in demanding military environments," said Bryan Lee, Vice President of Fonon Technologies. "This event is a fantastic opportunity to expand our industry partnerships and help drive innovation across multiple domains." The annual Sea-Air-Space Expo showcases technologically innovative solutions from more than 400 hundred exhibitors driving the future of maritime, naval, and defense operations. It offers numerous networking and business-generating opportunities allowing exhibitors to connect with policymakers, senior military leaders, program managers, and industry decision-makers to build partnerships and spark new opportunities. At SAS, Fonon Technologies will present its compact pulsed fiber laser system with a weatherproof case, the DefenseTech MRLS Portable Finishing Laser (DTMF-1020). This system addresses critical maintenance needs in the defense sector and is already being used by the US Navy. Attendees can learn how Fonon Technologies' DefenseTech systems offer precise solutions for rust mitigation, coating removal, and enhancement of maintenance, repair, and overhaul (MRO) processes. Representatives will discuss the company's full range of industrial-grade laser systems for marking, cutting and welding, which exceed military and industry standards. Designed to tackle the toughest MRO challenges from seabed to space, these systems streamline inventory maintenance with precision and efficiency, as well as operator and environmental safety. What: Sea-Air-Space 2025 When: April 6-9, 2025 Where: Gaylord National Resort & Convention Center, 201 Waterfront Street, National Harbor, Maryland 20745 Booth: Maryland Hall #2924 DefenseTech Laser Cleaning Technology The DefenseTech product line by Fonon Technologies provides professionals in the seafaring industry sectors with MRO tools for corrosion control. These laser cleaning and conditioning systems streamline the maintenance of critical equipment and enhance operations without damaging the base structures, ensuring operational readiness and prolonged lifespans. For more information, visit About Fonon Technologies Fonon Technologies is a diversified industrial laser equipment provider serving government organizations, all branches of the U.S. military, and defense contractors. Headed by a team with extensive expertise in operations in each sector, the company tackles the challenges of defense and government maintenance, repair, overhaul and protection with cutting-edge laser solutions. For more information, visit About Incredible Supply & Logistics (ISL) Incredible Supply & Logistics (ISL) is an award-winning U.S. small business with product distribution solutions and services across industrial, parts, tactical, workwear & IT supply serving the Federal, Defense, Maritime & Space communities globally. The ISL team specializes in supporting government customers and defense contractors with custom supply chain and sustainment solutions, complete Bill of Material (BOM) sourcing, supply consolidation, kitting services, customized third-party logistics (3PL). The company is a TAA, Berry Amendment, and USA-made product sourcing expert. To learn more about ISL visit About the Navy League of the United States The Navy League of the United States, founded in 1902 with the support of President Theodore Roosevelt, is a nonprofit civilian, educational and advocacy organization that supports America's sea services: the Navy, Marine Corps, Coast Guard and U.S.-flag Merchant Marine. For over a century, the Navy League has been a voice for maritime strength, engaging the public and Congress on the vital role these services play in national security, economic prosperity, and global stability. View source version on Contacts Media Contact: Rohan NarainFonon Technologies Corporationrnarain@
Associated Press
21-02-2025
- Business
- Associated Press
CORRECTING and REPLACING Laser Photonics and Fonon Technologies Partnership with NOBLE Delivers TAA-Compliant Laser Solutions, Transforming Marine Base Readiness
ORLANDO, Fla.--(BUSINESS WIRE)--Feb 21, 2025-- First paragraph, first sentence of release should read: ...announced that they have completed delivery for one major order, (instead of ...announced that they have completed delivery for two major orders,). Second paragraph, first sentence of release should read: This advanced system... (instead of These advanced systems...). The updated release reads: LASER PHOTONICS AND FONON TECHNOLOGIES PARTNERSHIP WITH NOBLE DELIVERS TAA-COMPLIANT LASER SOLUTIONS, TRANSFORMING MARINE BASE READINESS Laser Photonics Corporation (LPC) (NASDAQ: LASE), a leading global developer of industrial laser systems for cleaning and other material processing applications, in partnership with Fonon Technologies, proudly announced that they have completed delivery for one major order, facilitated by NOBLE, for the fully Trade Agreements Act (TAA)-compliant DefenseTech MRLS Finishing laser systems (DTMF-1030) (DTMF-1030). This advanced system will be deployed at a Marine Corps base in North Carolina, significantly enhancing their maintenance, repair, and overhaul (MRO) capabilities. This collaboration underscores Laser Photonics' commitment to equipping the U.S. military with cutting-edge, domestically sourced technologies for mission-critical environments. 'This partnership with NOBLE not only amplifies our reach, but it also represents a strategic investment in the future of military readiness,' said Bryan Lee, Vice President of Fonon Technologies. 'By deploying TAA-compliant DefenseTech laser systems, we are not only addressing immediate MRO needs but also laying a pivotal foundation for a more agile and sustainable defense infrastructure. These advanced solutions empower our forces, across the defense landscape, to maintain peak operational effectiveness in an increasingly complex world.' The Trade Agreements Act (TAA) requires that products offered for sale to the U.S. government, military, and critical infrastructure clients be manufactured or substantially transformed in the United States or designated countries. This ensures that taxpayer dollars support domestic manufacturing and strengthens American national security. TAA compliance is a critical factor in government procurement decisions. Leveraging the expertise gained in achieving TAA compliance for the DTMF-1030, Laser Photonics is now applying this knowledge to the Fonon Technologies DefenseTech Blaster Cabinet (DTMF-4020). This innovative, self-contained system combines the power of a fiber laser with a handheld laser-blasting head within a compact 30' x 26' workspace. Uniquely designed for speed, precision, safety, and flexibility, the DTMF-4020 is an industrial laser blasting cabinet manufactured in accordance with CDRH FDA requirements. The forthcoming TAA classification will position it as the sole solution of its kind available to U.S. government agencies and the military. The DTMF-4020's dual-axis technology enables optimized processing of intricate and uneven surfaces, making it perfect for achieving fine, polished finishes and handling delicate small-scale projects. The high-quality Class I system features an enclosed cleaning area for additional safety and can be deployed wherever needed. Key uses include surface conditioning, corrosion and decontamination removal, coating removal, pre-adhesion and pre-weld treatment, post-weld treatment, degreasing, surface preparation and texturing, injection mold cleaning, and oxide and anodization removal. The DefenseTech product line provides cost-effective, time-efficient, and operator safe surface treatment solutions, preserving vital military equipment and weapons systems without compromising the integrity of the underlying materials. For more information about the DefenseTech line of laser cleaning systems, please visit or contact their sales department at [email protected]. About Laser Photonics Corporation Laser Photonics is a vertically integrated manufacturer and R&D Center of Excellence for industrial laser technologies and systems. Laser Photonics seeks to disrupt the $46 billion, centuries-old sand and abrasives blasting markets, focusing on surface cleaning, rust removal, corrosion control, de-painting and other laser-based industrial applications. Laser Photonics' new generation of leading-edge laser blasting technologies and equipment also addresses the numerous health, safety, environmental and regulatory issues associated with old methods. As a result, Laser Photonics has quickly gained a reputation as a leader in industrial laser systems with a brand that stands for quality, technology and product innovation. Currently, world-renowned and Fortune 1000 manufacturers in the aviation, automotive, defense, energy, maritime, nuclear and space industries are using Laser Photonics' 'unique-to-industry' systems. For more information, visit About Fonon Technologies Fonon Technologies, a sibling company of Laser Photonics, takes pride in marketing and promoting Laser Photonics' innovative products specifically geared to meet the stringent requirements of government organizations, all branches of the U.S. military, and defense contractors. For more information, visit About NOBLE NOBLE drives mission success with world-class products, logistics, services, and training through accelerated procurement. In addition to distributing 15,000 manufacturer brands, NOBLE offers specialized technical and training services for customers with aerospace, C5ISR, CBRNE, expeditionary, MRO, and tactical requirements. NOBLE uses an established supply chain, existing vendor relationships, and a vast catalog to lower costs and increase selection and availability. NOBLE reduces the cost of readiness while maintaining the ability to rapidly respond to today's challenges. Visit for more information. Cautionary Note Concerning Forward-Looking Statements This press release contains 'forward-looking statements' (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended), including statements regarding the Company's plans, prospects, potential results and use of proceeds. These statements are based on current expectations as of the date of this press release and involve a number of risks and uncertainties, which may cause results and uses of proceeds to differ materially from those indicated by these forward-looking statements. These risks include, without limitation, those described under the caption 'Risk Factors' in the Registration Statement. Any reader of this press release is cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release except as required by applicable laws or regulations. Brian Siegel, IRC®, M.B.A. Senior Managing Director Hayden IR SOURCE: Laser Photonics Corporation Copyright Business Wire 2025. PUB: 02/21/2025 12:39 AM/DISC: 02/21/2025 12:39 AM
