Latest news with #CertifiedPre-Owned
Yahoo
21-05-2025
- Business
- Yahoo
Evolv Technologies Holdings Inc (EVLV) Q1 2025 Earnings Call Highlights: Strong Revenue Growth ...
Release Date: May 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Evolv Technologies Holdings Inc (NASDAQ:EVLV) reported a 44% year-over-year increase in revenue for Q1 2025, reaching $32 million. The company achieved a positive adjusted EBITDA of $1.7 million in Q1 2025, marking a significant improvement from a loss of $10.4 million in the same quarter last year. Annual Recurring Revenue (ARR) grew by 34% year-over-year to $106 million, indicating strong subscription growth. Evolv Technologies Holdings Inc (NASDAQ:EVLV) successfully retained 92% of eligible education customers and 90% of deployed units, showcasing high customer satisfaction and strong renewal rates. The introduction of the Certified Pre-Owned (CPO) program is expected to positively impact revenue, cash flow, ARR, and RPO by repurposing returned units for new subscriptions. The company had to file a Form 12B25 with the SEC, indicating a delay in finalizing Q1 2025 financials due to efforts spent on completing 2024 filings. Evolv Technologies Holdings Inc (NASDAQ:EVLV) experienced a reduction in cash equivalents and marketable securities, ending Q1 2025 with $35 million compared to $52 million at the end of Q4 2024. The company is facing potential headwinds from tariffs, although it has factored these into its 2025 outlook. There is a noted shift towards more pure subscription orders, which, while beneficial for ARR, may result in less upfront revenue recognition. The company is still in the early stages of market penetration, with its technology deployed in only about 1% of US school buildings and low single-digit percentages in hospitals and healthcare. Warning! GuruFocus has detected 7 Warning Signs with EVLV. Q: Can you provide more details on the success of your subscription expansions and which verticals are contributing the most? A: We are thrilled about the commitment from our customers, which indicates the value we provide. The expansions are primarily from our Express installed base, and while we can't specify verticals at this time, we see significant growth across various sectors. John Kazursky, CEO Q: How is the new California law requiring weapons detection systems in hospitals affecting your business, and are other states considering similar legislation? A: Our healthcare vertical team is actively engaging with customers in California regarding this legislation. We see it as a broader indicator of increased focus on safety and security in healthcare, presenting a significant opportunity for us. John Kazursky, CEO Q: With the rollout of the Gen 2 Express product, how do you expect the gross margin profile to evolve? A: We anticipate gross margins to remain consistent, with some headwinds due to product mix. However, the shift towards full subscription models, which maximize ARR and RPO, is encouraging and beneficial for our long-term growth. John Kazursky, CEO Q: What are your capital expenditure expectations for the year? A: We expect capital expenditures to be between $20 to $25 million to support the full subscription business. This range might adjust slightly based on customer preferences for full subscriptions. Brian Norris, SVP of Finance and Investor Relations Q: Are there any strategic refinements or potential acquisitions planned under your leadership? A: Our focus remains on driving value through our strong subscription model. We aim to secure more entryways and grow our subscription base, which will drive predictable long-term revenue growth. John Kazursky, CEO Q: Does your guidance assume consistent bookings throughout the year, or do you expect variations between the first and second halves? A: Our guidance is informed by having 78% of our revenue already committed. We expect to deploy at least as many new subscriptions in 2025 as we did in 2024, with incremental growth from new bookings. John Kazursky, CEO Q: Which verticals are you most excited about in terms of momentum? A: We see strong momentum across sports and entertainment, education, and healthcare. Each sector presents unique opportunities for growth and expansion. John Kazursky, CEO Q: How are tariffs impacting your pricing and access to components? A: We have factored tariff exposure into our 2025 outlook and are well-positioned to manage trade-related headwinds. Our products are assembled in the US, limiting direct tariff impacts, and a significant portion of our materials are sourced from North America, which are tariff-exempt. John Kazursky, CEO 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
Malaysian Reserve
21-04-2025
- Automotive
- Malaysian Reserve
Subaru Canada Announces Strategic Partnership with Safe-Guard to Enhance Vehicle Protection Programs
Multi-Year Collaboration Set to Revolutionize Customer Protection Solutions Starting June 2025 TORONTO, April 21, 2025 /CNW/ — Subaru Canada, Inc. and Safe-Guard Products International, LLC, the industry's leading Platform provider of private label protection products for the automotive, RV, marine, and powersports industries, today announced a landmark multi-year partnership aimed at enhancing and expanding Subaru's comprehensive vehicle protection offerings across Canada. The strategic collaboration will see Safe-Guard assume administration of the Subaru Protection Plan (SPP) portfolio that includes Subaru Canada's existing protection programs and products, marking a significant evolution in Subaru's commitment to customer service excellence. The partnership will commence with a phased rollout beginning June 1, 2025. 'This partnership represents a significant milestone in our ongoing commitment to delivering exceptional value and peace of mind to our customers,' said Floyd Jones, vice president of sales at Subaru Canada, Inc. 'Our collaboration with Safe-Guard serves as a testament to our dedication to enhancing our customers' experience, providing them with heightened security and confidence on every journey.' The initial phase of the program, launching June 1, 2025, will encompass Safe-Guard assuming responsibility of key Subaru Protection Plan programs, including Vehicle Service Contracts, Certified Pre-Owned programs, and Prepaid Maintenance plans, ensuring streamlined support for Subaru Canada's dealer network and customers. A second phase, scheduled for late 2025, will show Safe-Guard expanding its administration to include Ancillary Protection Products, including Tire & Wheel protection. 'We are proud to partner with Subaru Canada,' said Michel Archambault, general manager of Safe-Guard Canada. 'Their trust in our expertise highlights the strong relationship between our companies. The unwavering consumer and dealer loyalty towards Subaru is a remarkable foundation upon which we will continue to innovate and elevate customer experiences.' 'Our alliance with Subaru Canada is more than a partnership; it's a mutual commitment to redefining standards in customer protection,' said David Pryor, chief executive officer of Safe-Guard Products. 'We are devoted to crafting protection solutions that not only meet but exceed the evolving needs of Subaru's discerning customers, ensuring they remain confident and protected at every turn.' The collaboration ensures Subaru customers will have access to an expanded suite of protection solutions tailored to their evolving needs, reinforcing the brand's dedication to customer satisfaction and long-term vehicle care. About Safe-Guard Products CanadaFounded in 2001 and based in Mississauga, Ontario, Safe-Guard Products Canada is the leading provider of branded vehicle protection products in the finance and insurance space to the automotive, RV, marine, and motorcycle/powersports industries. Through its Protection Products Platform, Safe-Guard develops the highest-quality programs and matches them with unparalleled customer service and advanced technology solutions, which are fostered by superior sales and marketing support. Visit for more information. About Subaru Canada, Inc. Subaru Canada, Inc. is a wholly owned subsidiary of Subaru Corporation of Japan. Headquartered in Mississauga, Ont., the company markets and distributes Subaru vehicles, parts and accessories through a network of 96 authorized dealers across Canada. For more information, please visit or or follow @SubaruCanada on X.
Yahoo
18-02-2025
- Automotive
- Yahoo
TrueCar Releases Fourth Quarter 2024 Financial Results and Stockholder Letter
Live call and webcast will occur on February 19 at 9:00 a.m. ET SANTA MONICA, Calif., Feb. 18, 2025 /PRNewswire/ -- TrueCar, Inc., (NASDAQ:TRUE) today announced financial results for the fourth quarter ended December 31, 2024 in a stockholder letter, which is available HERE and on the TrueCar Investor Relations website at The company will host a call to discuss its fourth quarter results on Wednesday, February 19 at 9:00 a.m. ET/6:00 a.m. PT. A live webcast of the call will be available through TrueCar's Investor Relations website and the link below. TrueCar Fourth Quarter 2024 Live Call and Webcast Details: Date: Wednesday, February 19, 2025 Time: 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) Dial-In: 1-833-816-1391 (domestic) 1-412-317-0484 (international) Webcast: Access the live webcast HERE An archived version of the call will also be available upon completion in the Investor Relations section of TrueCar's website at TrueCar has used and intends to continue to use its Investor Relations website ( LinkedIn, Facebook and X as means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD. About TrueCar TrueCar is a leading automotive digital marketplace that lets auto buyers and sellers connect to our nationwide network of Certified Dealers. With access to an expansive inventory provided by our Certified Dealers, we are building the industry's most personalized and efficient auto shopping experience as we seek to bring more of the process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings and market context on new, used and Certified Pre-Owned vehicles. When they are ready, shoppers in TrueCar's marketplace can connect with a Certified Dealer in our network, who shares our belief that truth, transparency and fairness are the foundation of a great auto shopping experience. As part of our marketplace, TrueCar powers auto-buying programs for over 250 leading brands, including Sam's Club, AAA and Navy Federal Credit Union. TrueCar Investor Relations Contact: investors@ View original content to download multimedia: SOURCE TrueCar, Inc. Sign in to access your portfolio
