Latest news with #DanScott
Associated Press
3 days ago
- Business
- Associated Press
Acuren Corporation Announces Upcoming Participation in the Baird 2025 Global Consumer, Technology & Services Conference
TOMBALL, Texas--(BUSINESS WIRE)--Jun 2, 2025-- Acuren Corporation (NYSE: TIC) (the ' Company ' or ' Acuren '), a leading provider of critical asset integrity services, today announced that its senior leadership will be participating in the Baird 2025 Global Consumer, Technology & Services Conference on Wednesday, June 4, 2025 in New York, NY. About Acuren: Acuren is a leading provider of critical asset integrity services. The company operates primarily in North America serving a broad range of industrial markets. It provides these essential and often compliance-mandated (often at customer locations) services in the industrial space and is focused on the recurring maintenance needs of its customers. The work Acuren does fits in the service category referred to as Testing, Inspection, Certification, and Compliance (TICC) including Nondestructive Testing (NDT) in the field and the laboratory and in-lab destructive testing capabilities. More information can be found at View source version on CONTACT: Investor Relations Inquiries: Dan Scott / Rodny Nacier ICR Inc. [email protected] KEYWORD: TEXAS NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY MANUFACTURING OTHER NATURAL RESOURCES MINING/MINERALS OTHER ENERGY OTHER TECHNOLOGY NATURAL RESOURCES OTHER MANUFACTURING OIL/GAS ENERGY ENGINEERING SOURCE: Acuren Corporation Copyright Business Wire 2025. PUB: 06/02/2025 07:00 AM/DISC: 06/02/2025 06:58 AM
Yahoo
6 days ago
- Business
- Yahoo
UL Solutions to Attend Upcoming Investor Conferences
NORTHBROOK, Ill., May 29, 2025--(BUSINESS WIRE)--UL Solutions Inc. (NYSE: ULS), a global leader in applied safety science, today announced that senior management of the company will participate in the following investor conferences: William Blair 45th Annual Growth Stock Conference, June 3 Stifel 2025 Boston Cross Sector 1x1 Conference, June 4 and Baird 2025 Global Consumer, Technology & Services Conference, June 5. The company's presentation at the William Blair 45th Annual Growth Stock Conference, at 3:00 p.m. EDT (2:00 p.m. CDT) on June 3, will be broadcast live. The webcast can be accessed through the UL Solutions Investor Relations website at A replay of the webcast will be available on the website for 30 days after the event. Presentation materials will also be available on the website. About UL Solutions A global leader in applied safety science, UL Solutions Inc. (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers' product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers' products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage. Source Code: ULS-IR View source version on Contacts Investors:Dan Scott / Rodny Nacier, ICR Media:Kathy FiewegerSenior Vice President – Chief Corporate Communications 312-852-5156
Yahoo
20-05-2025
- Business
- Yahoo
UL Solutions Announces Quarterly Dividend
NORTHBROOK, Ill., May 20, 2025--(BUSINESS WIRE)--UL Solutions Inc. (NYSE: ULS), a global leader in applied safety science, today announced that its board of directors has declared a quarterly dividend of $0.13 per share. The dividend will be paid on June 9 to shareholders of record as of the close of business on May 30. About UL Solutions A global leader in applied safety science, UL Solutions Inc. (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers' product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers' products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage. Source Code: ULS-IR View source version on Contacts Investors:Dan Scott / Rodny Nacier, ICR Media:Kathy FiewegerSenior Vice President - 312-852-5156 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
Yahoo
14-05-2025
- Business
- Yahoo
Q1 2025 Gauzy Ltd Earnings Call
Dan Scott; Investor Relations; Gauzy Ltd Eyal Peso; Chief Executive Officer and Co-Founder; Gauzy Ltd Meir Peleg; Chief Financial Officer; Gauzy Ltd Dan Levy; Analyst; Barclays Corporate & Investment Bank Josh Nichols; Analyst; B. Riley Securities Operator Good morning and welcome to Gauzy Limited first-quarter 2025 earnings conference call. Today's call is being recorded, and we have allocated one hour for prepared remarks and Q&A. At this time, I would like to turn the conference over to Dan Scott, Investor Relations. Thank you. You may begin. Dan Scott Thank you, operator, and thank you everyone for joining us today. Hosting the call today are Gauzy's CEO and Co-Founder, Eyal Peso, and Chief Financial Officer, Meir Peleg. On this call, management will be making forward-looking statements, not historical facts, which are based on management's current expectations, beliefs, projections, and assumptions, many of which, by their nature, are inherently uncertain. These forward-looking statements are subject to risks and uncertainties. Actual results could differ materially from our forward-looking statements. If any of our key expectations, beliefs, projections, or assumptions are incorrect because of other factors discussed in today's earnings news release and the comments made during this conference call, or in our latest report and filings with the Securities and Exchange Commission, each of which can be found on our website We do not undertake any duty to update any forward-looking statements. This call contains time sensitive information that is accurate only as of today, May 13, 2025. Except as required by law, Gauzy disclaims any obligation to publicly update or revise any information to reflect events or circumstances that occur after this call. Today's presentation also includes references to non-GAAP financial measures. You should refer to the information contained in the company's first quarter press release for definitional information and reconciliations of historical non-GAAP measures to the comparable financial measures. With that, let me turn the call over to Eyal. Eyal Peso Thank you very much, Dan. Good morning, everyone. Thank you for joining us today as we discuss our first quarter of 2025 results. For today's call, I'd like you to focus on three key takeaways. First, our solid first quarter performance in the face of global uncertainty for our customers, which underscores the strength of our business model and the growing demand for our technologies. Second, the significant business milestones we've achieved during the quarter and subsequent to its end that will drive our growth in 2025 and beyond. Third, we have signed the first $10 million out of a previously announced $20 million planned debt financing under significantly more favorable terms, as compared to our borrowings as a private company. And finally, our reaffirmed 2025 guidance supported by a strong backlog of purchase orders and enhanced balance sheet. We delivered a solid start to the year, despite a two to three week period in March 2025 of market uncertainty as customers attempted to assess tariff impact and risks. Revenue growth in the Automotive and Safety Tech divisions was offset by some timing shifts in deliveries in the Aero and Architecture divisions, which we expect to revert to a more normal cadence across the balance of the year. This view is supported by the record spike in the backlog of purchase orders to be shipped in the next few months. We're excited to execute against the backlog after a quarter in which we demonstrated our ability to deliver significant gross margin expansion as we accelerate revenues into the back half of 2025. Now, let me highlight some of the key business milestones we achieved during the first quarter and subsequent period. On our last call, we told you about our new black SPD smart lab technology introduced at CMS. Our partnership with Journeo to enhance London's 8,500 bus fleet with ADAS. Our partnership with Umbrella to enhance ADAS for customers such as Ford trucks. And our FMCSA exemption renewal to accelerate adoption of ADAS in commercial vehicles across the US. I'll now focus my comments on three recent announcements. First, we announced that Air France-KLM Group has selected our advanced shading system for the new La Premiere first-class suites in the Boeing 777 aircraft. These five-window suites represent a significant opportunity in the airline shading market, valued at $600 million annually, with 6.4% projected growth through 2028. Gauzy has captured over 95% of the cockpit shading market and works with OEMs, including Embraer, HondaJet, Daher, and others. The double pleated system allows passengers to choose between translucent and blackout settings while providing centralized control for crew members. This is another example of our goal of transferring our cockpit trading success to cabin applications. Second, we announced that Mercedes-Benz has implemented our smart glass technologies in 75% of the glazing in the new Vision V Show Car, which premiered in the Auto show in Shanghai 2025. This marks Mercedes-Benz's first use of Gauzy's dual-tech technology windows, combining SPD and PDLC for enhanced shading, privacy, and digital applications. Mercedes previously used SPD in its Magic Sky Control. In Division Z, these technologies allowed transitions between transparent, shaded, and private states while creating projection surfaces. The solution reduces glare and cabin temperature while maintaining visibility. A segmented PTDC partition provides flexible privacy between cabins. And importantly, today, we're excited to announce the ramp-up of shipments for the sooner production of the Cadillac CELESTIQ EV with four-zone SPD sunroof, marking the continuation of business with GM. These collaborations with Cadillac and Mercedes are yet another example of growing demand for our Automotive smart glass technologies, with the market projected to reach $25 billion by 2028. Before I turn it over to Meir, I want to emphasize that our backlog of purchase orders, which was below $31 million at year-end 2024, expanded to almost $36 million at the end of March, indicative of the strong continued demand for our products. As a reminder, purchase order backlog represents orders we have in hand and expect to ship in the next few months. The entire Gauzy organization is excited to deliver on this tremendous momentum. With that, I will turn it over to Meir for an update on Gauzy's financial results. Meir Peleg Thank you, Eyal.I'd like to begin by providing a detailed overview of our first-quarter 2025 financial results, which highlights the strength of our customer relationships and the vast improvement in operational efficiency as we progress towards our long-term financial objectives. For the first quarter, we generated revenues of $22.4 million compared to $24.7 million in the prior year period. We saw growth in both Automotive and Safety Tech as compared to prior year periods. This was offset by Aero and Architecture where we experienced a momentary pause towards the end of the quarter as customers sought to determine any potential tariff impacts. Importantly, we saw no cancellation, and in certain cases by the end of the quarter and subsequent to its end, customers place orders above their contractual minimums. Even with the revenue dynamic, our gross margin increased to 25.6% compared to 25.1% in the prior year period. This 50-basis-point expansion was primarily the result of improved operational efficiencies, which continues our progress towards profitability. Total operating expenses for the first quarter were $14.4 million, down 9% compared to $15.8 million in the prior year quarter. This decrease was mainly due to lower R&D, G&A, and sales and marketing expenses partially offset by higher D&A. Adjusted EBITDA quarter was negative $5.5 million compared to negative $4.8 million in the prior year quarter. This decrease was primarily driven by the factors already discussed for the gross profit and operating expenses. Now turning to our segment results, starting with Safety Tech. Revenue in the segment was $10.8 million in the first quarter, up 1.5% compared to $10.7 million in the quarter. The growth was driven by continued demand across the segment quarters. Gross margin improved dramatically to 19.7% compared to 12.8% in the prior year period, primarily due to the benefit of scale. In Aero, revenue was $7.6 million in the first quarter, off 24.6% compared to $10.1 million in the prior year quarter. Gross margin was 33.9% compared to 44.1% in the prior year period. This decline reflects momentary pauses as customers sought to determine any potential tariff impact and the resulting shifting of some shipments to the second quarter. In Architecture, revenue was $2.4 million in the first quarter, down 8.2% compared to $2.6 million in the prior year quarter. As we have said before, Architectural revenues can be particularly lumpy throughout the year, though this quarter was also impacted by micro uncertainties similar to what I just discussed in Aero. Gross margin expanded to 32.1%, up from 48.9% in the prior year period, driven primarily by the benefit of scales and operational efficiencies. In Automotive, revenue was $1.5 million in the first quarter compared to $1.3 million in the prior year quarter. The dramatic gross margin improvement we delivered is aligned with the broader operational improvements we are making across Gauzy. We expect our Automotive segment to continue showing improved results in 2025 as our new programs with major OEMs begin to ramp-up, as well as the beginning of recent serial production wins. Turning to our balance sheet and liquidity position, we ended the quarter with total liquidity of $36.2 million (sic - see slide 14, "$35.2 million"), including $1.2 million of cash and cash equivalents, and $35 million (sic - see slide 14, "$34 million") of available capacity under our undrawn credit line. Total debt at quarter end was $37.3 million, including [$12.5 million] of short-term receivable financing. In terms of cash flow, our first quarter results included cash used in operating activities of $0.6 million, a significant improvement from the use of $6.9 million in the prior year period. The result was free cash flow of negative $2.3 million compared to negative $8.4 million in the prior year quarter. We're excited today to announce that subsequent to the quarter end, we signed a new $10 million debt facility with the third largest bank in Israel. This is important because it's the first step in securing a total of $20 million of debt financing as previously announced. We obtained this debt financing under a much more favorable terms as compared to our pre-APO lending facility. The improvements include a 370-basis-point interest rate reduction and no prepayment penalties. This increased liquidity enhances working capital that in turn supports our full year goals. I'm also pleased to announce that we are reiterating our guidance for full year 2025. We continue to expect revenue to be in the range of $130 million to $140 million, representing more than 30% growth at the midpoint compared to 2024. Based on the benefit of scale, favorable operating leverage, and strong recurring revenue base that we have, we also reaffirm adjusted EBITDA to be positive for the full year 2025. Given our typical seasonality and related to visibility into our end market, we expect the second half to be stronger than the first half and drive a full year growth and profitability. This guidance reflects the strong demands we're seeing across all of our segments, the growing deduction of our technology by leading OEMs, and the expanded production capacity we're putting in place to meet these demands. Now I will turn it back over to Eyal for closing remarks. Eyal Peso Thank you, Meir. As we look across the balance of 2025, we remain incredibly excited about the opportunities in front of us. Even with the uncertainty in the markets, the momentum in our business continues to build. Direct impact from tariffs on Gauzy has been minimal, and customer purchase orders remain strong. We're excited for what this year holds for us. The resilience of our long-term backlog, growing pipeline of innovation, and enhanced liquidity position with our new debt facility reinforce our confidence in our growth trajectory. We'll continue investing in innovation, expanding our leadership in light and vision control technologies. Our future product roadmap includes promising developments across all four business divisions that we expect to accelerate adoption and expand our markets. Operationally, we're focused on scaling efficiently, balancing growth with margin expansion, and progress toward profitability. We remain well positioned to deliver our reiterated 2025 guidance, accelerating growth, and deliver outstanding value. In closing, I want to express my gratitude to our employees, customers, partners, and shareholders for their continued support and confidence in Gauzy. Thank you for your time today. Now, we'll open up the line for questions. Operator (Operator Instructions) Dan Levy, Barclays. Dan Levy Hi, good morning. Thank you for taking the questions. Wanted to first just start with a question on the cadence and appreciate the commentary that there were some delays in Architecture, Aerospace, and that, the second half is more, it's going to be stronger than the first half, but what's the line of sight on. Second quarter, and what's the line of sight on converting that, backlog order book that you have into firm revenue? Should we expect a sharp step up in in the 2nd quarter on on revenue quarter quarter? Eyal Peso Hi, Dan. This is Ayal. Thanks for joining and thanks for the question. Start with the end, basically, yes, I think that if you, Look at what we have reported shipping and Q1 and then add that to our POs in the in in the backlog to be shipped, soon, so yeah, you should expect, you should expect you to be Q2 to always, as always, but also to be, as strong as as expected and we reiterated and reaffirmed the. Guidance for the full year right now mid Q2 because even though last two weeks, the last three weeks of March, there was some hesitance among customers by you know in matters of shipments were there going to be any tariffs, let's just wait and see and if you remember 2nd of April was liberation day where there was the termination. About tariffs, but there's a lot of questions and some hesitation in March, but nothing affected the business. It's important for me to say this again and again nothing affected the real businesses all there. We had no cancellations, no, it's it's a little bit of push in the last two weeks of March there was a lot of, it was uncertainty, especially with things that were just, ready for shipment and okay. Just wait a second, maybe we'll ship it from here, ship it from there, to US customers. So, but all the businesses there and we're, more than anything I'd like to say that the cadence right now within you to, and the and the and the POs that we have now to ship is exactly if not better than what we saw in late December or. Beginning of 25, so that's why we're very confident that we're going to deliver on our guidance for the full year. Dan Levy Okay. Eyal Peso Thank you. Dan Levy The second, if we could just go into the free cash flow, so. You did E of roughly 5 $6 million but the free cash flow was substantially better. So could you just talk about what the offsets were, is it, one-time benefits on working capital and reversals there and how sustainable that is. Meir Peleg So as you can see, good morning first. The mayor is here. As you can see the cash flow, the main, I would say impact on the cash flow is the working capital. Okay, part of it is timely, okay, but it's it comes from a strong and continued. Working on the cash management, improving for instance our payment terms with suppliers, financing invoices which gives us cash much more fast and then be able to improve our cash flow, although growing in general the working capital. Eyal Peso I'd like to maybe add to that that a big part of this, and we should expect that throughout the year towards being cash flow positive in 206 is that, every 30 days that we can get from our suppliers net 30 to net 60 or cash in advance to net 30 or net 60 to net 90, gives us, while we're factoring about 80%. Of our invoice today invoices today gives us a much a much more healthy inflow outflow of cash and that's a big focus for this year for for a while we're still factoring. So that also has a big effect on the improvement in in in operational cash flow for this quarter. Dan Levy Okay, thanks. If I could just squeeze in one more, what's the line of sight on that additional $10 million dollar, financing that you that you talked to? Eyal Peso So it's basically we're signed up, it's all signed between signing and closing, there are a few a few deliverables that. We need to, provide like, liens, but I see no, there's no risk here it's going to close hopefully even this week, maybe next week, but it's really it's done, it's a done deal if that's the question, it's not there's no no maybe here. Oh, you told me the 2 million. I'm sorry, my bad. Sorry about that. The 2nd 10, again, I don't want to give a commitment to Dana, it's going to look like guidance, but it should be. We're trying our best to do, to sign that off even if not before Q2, somewhere in early Q3, we don't have that signed off, but that's my expectations. Okay, thank you. Operator Josh Nichols, B. Riley Securities. Josh Nichols Hi, this is Matthew I'm for Josh Nichols. Thanks for taking my questions. I guess to start off touching on the macro uncertainty that caused the hiccup in Q1, would you say it's just mainly off of peak uncertainty on liberation day and from there things just looked more smoothly in terms of orders and timing, or what what should we look out for in terms of possible additional hiccups in the future? Eyal Peso Hi Josh, this is the thanks for the question. So I want to, I want to say this just again loud and clear. There is no effect, to the real business in Gai by by the tariff, but if you put yourself as a production company importing into or that its products are imported into the US in March, there was simply a lot of and a lot of question marks, where do I take this product from, even a Boeing, where their cockpit shade is manufactured, that's the only Aero product we're actually manufacturing for US customer outside the US which had no issues. If you have enough inventory, you can just wait a minute, maybe I won't be taking this from France. Maybe we'll just wait to see what's going to be, the actual, tariff that was only on the 2nd of April, so. I'm saying hesitation caused some delays, but if you just add up what we have reported shipped and then and recognize and for recognition, remember is the approval of the customer at its site many times of our products, so that had to be shipped even though it was ready. If you just look at what we had finished goods at 31st of March, if you add that to our reported revenues and POs in the system, which, we reported a spike of about, more than more than $5 million. You're looking at, together with the POs end of March, about 60, about a little bit, a little shy of $60 million that has been shipped or is going to be shipped very soon. So I'd like to say again this is with some hesitation, but we had. Who had reported mid April, about a week after liberation day that it had minimal effect to our business to no effect, and today we can say much with much more confidence that it's mostly we get exempt because of different reasons. So we're in a much better place. So you know it's just that there was a little bit of hesitation and that's that's what caused some shifting. A shifts in timing of delivery, but nothing at all has changed from our overall business that we have reported we're going to do this year. Actually, in some cases we had increases. We had customers ordering more than expected that had nothing to do with the US specifically in other places around the world, so I'm very. Confident that that you, you're going to see you, you're going to see our guidance me throughout the year. This is why we're not also giving orderly guidance. It's hard for us to be accurate these kind of events are extreme, but you know it comes together, but within a full year, even these events are kind of washed away, and, so we're reiterating here, reaffirming our guidance for the full year. Josh Nichols Got it, very helpful. And regarding the large spike in purchase orders, which segment would you say is is getting most of those orders or what is the split there? Eyal Peso Yeah, out of the backlog, I think we have a very good it's a very good mix of $15.5 million in arrow just to show that, yeah, it was, if you look Q to Q on last year. So you're going to see a difference of $2.5 million but it's all in the POs. It's all there. It's all going to be shipped in Q2 and in Q3, Q4. It's all in the book. So there's no, no issue that there was another 17 I think, or $18 million Safety Tech. Which we're experiencing, the significant growth we expected, but even more, in some cases, so you know that these are the main two. I think we had about, quite extraordinary, about $6 million of POs, some of it really was already manufactured, just not recognizing Q1, so it's still a PO in the backlog, but it's really done. So we have about $6 million in Automotive which is quite unique. We have a very good visibility. So the smart last portion of the of our business in Automotive. We also announced that we for the first time by name, GM, the starting to ramp up its zero production this year. Reported to start shipping cars very soon to their customers. So I mean we're, so I think that's the takeaway from the backlog. It's, and the rest is Architecture, about 2 to $2 million of of POs for Architecture to be shipped. Well, April, May, if you look at the end of March. Josh Nichols Got it. Thank you. And I guess the last one for me, it's somewhat of a related question. I guess to get to the, to your gut a fool your IEA profitability or to get a positive on that side. What would you say is in terms of segments or maybe even products that you're most excited about, what do you see getting you there? Eyal Peso So what would contribute, what will contribute to the EEA positive, just to see if I answer the question, if I'm looking now, towards, for the full year, what would be the contributor of the Eta positive that we have, guided for the full year 25. So I think that, just, very easy to, I, I'd say just bridge Q4. I say just people bridge. You see that if you double for Q4 you're $125 million for the year. We're guiding on a midpoint $10 million more and we're now reaffirming it and you see if we if we hit numbers like Q4, let's say on average for the full year, we're in a gross margin of 50% in arrow. We're on a very healthy 20 plus in Safety Tech we have bigger portions of the business. If you see what we're doing in Odo, I know it's small numbers and it's insignificant, but you know it's even harder to jump 16 points per quarter every quarter when you're only doing shipping 1.5 or 23 million kind of cadence of quarters, but we're doing it because we're working very closely with the OEM to improve yield, so I mean we're, I say that, if you. It's going to come, every business division has its own, contribution, but as long as we meet top line and we're now reaffirming that Ferrero, it's going to have a huge impact on our gross margin because every dollar up. On top line is improving our gross margin significantly. Same with Safety Tech if you see the comparison between Q1 and Q1, 12 to 19% in gross margin shows you, how well we have improved our cost of sales and building materials because, big contributor this quarter for Safety Tech, is Smart vision too is our Aus product. Which traditionally had lower, growth margins, but we're, we've improved that significantly. So, I'd say that just, if you bridge Q4, you look at the growth margins there, that's where it's, that's where our Eide is going to be, coming from. We're very disciplined our OECs if you see our OECs in in Q1, we were, we're, as we targeted as we budgeted and. We're going to be very careful, with our expenses to make sure that we're, that our guidance is going to be met and, anyway, I ended up positive for the full year is the guidance. Got it. Thanks. That. Josh Nichols Was really helpful. That was it for me. Operator (Operator Instructions) Ita Mi, T.D. Cowen. Great, thank you. Good morning, everybody. I just had two follow ups. First, maybe to pick up off the last question, maybe you could just talk a little bit about what you expect for opp directionally the rest of the year they did come down in Q1, just curious how you're thinking about that for the rest of 2025. Eyal Peso Hi Ty, good morning. Thanks for the question, but I, it was a little bit breaking off at the beginning of the question. Can you just repeat, I'm sorry. Yeah, no. No, sorry about that. Yeah, just hope you can hear me now. Just maybe you could comment a bit more on what you expect for OpEx the rest of the year I see did come down in Q1. Just curious how you're thinking about that for the rest of the year. Eyal Peso Okay, got it. So I think you should see a very steady OpEx and as I, just to follow on my last answer is that, we're going to be very disciplined in our OECs. I mean we we have a big portion of that kind of, set, for the year. There are things we need to do to be able to ship. You know if it's 135 on midpoint of the guidance, or more, and, but we're going to be very careful with and I think it shows for in in Q1, on any expense, to make sure that we keep that guidance of a positive for the full year intact, we have set up the GA. Expense structure, beginning of the year to support, much bigger quarters, throughout the year. So what you see on OPEC in Q1 is that of what what what we'll support also, and as always our our strongest quarter in Q4 and a much stronger quarter in Q2, so you know that that's that's what he said so you should. Should consider the O and Q1 as the base for as a base for the full year for the full year guidance. Meir Peleg As they all said it more or less will be stable at the same as Q1, a bit more, mainly the marketing to support the growth, but you should expect about the same OpEx, a bit higher than in. Eyal Peso One. Yeah, well, say the marketing, sometimes goes up because you have to pay, it shows for the numbers paying commissions and things like that, but yeah, but we're trying, yeah, I, a little bit higher, but it's mainly for marketing and it's, just. Higher numbers. Terrific. Very helpful. Thank you. And as a follow up, as your revenue kind of grows in the next 3 quarters towards your guidance, how should we think about working capital? You're able to actually release a fair amount this quarter in Q1, but as revenue grows, is there more opportunity in working capital or could actually become a use as you support growth? Eyal Peso So as I said before. Meir Peleg Of course when the business is growing, the working capital grows as well, and the need of cash is also growing, but in order to face this, we're doing continuous work in order to better our payment terms with suppliers, and that's part of what you can see in Q1 results. In addition, we are financing and Again, working to to increase it to other locations we're financing part of our invoices in order to make the cycle of this working capital much faster. So of course when growing the working capital will grow as well, but we're trying to reduce this growth by what. Eyal Peso I. Meir Peleg Just mentioned. Eyal Peso And anytime I I'd like to ask you that just for the sake of everyone very quickly but a very. A simple math equation. If Gauzi has, let's say just, 24 to $25 million of sales, a quarter or $30 million of sales like Q4, that means cash in as factoring 80% or financing invoices 80 to 85%. So that is like 8 to 7 to 10, let's say 7 to $10 million dollar cash in every 30 days. It's, it just think of if I, if we, that's a big part of it, if we push if we get the help of our suppliers to get us another 30 days on their net, if it's net 30, make it net 60. If it's net 60, make it net 90. If we just average better, on supplier terms net 30, that's working capital of 8. 9 $10 million of cash for our working capital every month. So that's how, you should think about improving cash ration cash flow. It seems easy, it's not easy, but that very simple, shift 30 days, that's how much influence it has on our work habit that's what we're. That's our main target for the big target of us of. Meir Peleg Us. I want to add that we don't expect 2025 to be a positive free cash flow, okay. We only expect it in 2026, so we're going to understand that we're still, we'll have. Eyal Peso A negative free cash flow when we find, yeah. Absolutely, that's all very helpful, thank you. Operator Thank you. And no further questions that came through at this time. I will now turn the call over to EL peso for closing remarks. Please go ahead, sir. Eyal Peso So thank you very much for joining us today. We look forward to future discussions and announcements to update you on our progress. Have a great rest of your day. Thank you, everyone. Operator Thank you. This concludes our conference call for today. Thank you all for participating. You may now disconnect. 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
Malay Mail
12-05-2025
- Climate
- Malay Mail
With floods on the rise, one English city is turning to beavers' wisdom and wooden barriers
LEICESTER, May 12 — In a stream near Leicester in central England, six volunteers in waterproof overalls and boots busily reinforced mini wooden structures designed to combat the rising flooding threat. The city, like many others in the UK, has experienced several intense rainfall events in recent years, which have caused significant damage. Alert to climate change, which intensifies these events, authorities are strengthening their defences and turning to solutions more sympathetic with the environment. With their feet firmly planted on the bed of the Saffron Brook, a tributary of the River Soar that runs through Leicester, the volunteers ensured the structures' wooden bundles were securely anchored. These structures create bends that 'change the behaviour of the river' and slow down water in stretches where it currently flows 'straight and very fast,' said Dan Scott, who leads the programme at the Trent Rivers Trust, a local group working to protect rivers. He regularly oversees the installation of new facilities. A few months ago, the trust dug a pond on a river near the town of Loughborough and installed dozens of leaky wooden barriers to better protect downstream houses that flooded in the past. These techniques are 'complementary to traditional flood defences' such as retention basins and canals that are increasingly under strain, Scott said. They 'help to store some of that water upstream so that those traditional flood defences don't get overwhelmed, and if they do, it's not as quickly as if these features weren't in place,' he added. They also help to maintain biodiversity. The trust dug a pond on a river near the town of Loughborough and installed dozens of leaky wooden barriers to better protect downstream houses that flooded in the past. — AFP pic 'Urgent problem' More than 6.3 million properties are at risk of flooding in the UK, and this figure will rise to more than eight million by 2050, according to a recent government report. 'Flooding is a really urgent societal problem,' said Steven Forest, director of the Flood Risk Management Program at the University of Hull. Climate events resulted in UK insurance payouts of more than £400 million (RM2.27 billion) in 2022 and more than £570 million in 2023 and 2024, half of which was related to flooding, according to the Association of British Insurers. Beyond traditional defences, 'we need to think about living with water, and we need to think about integrating water within our urban spaces,' Forest added. He cited the Netherlands, which allocates space for rivers to drain during heavy rainfall, and the United States, where vegetation 'buffer zones' were created after Hurricane Sandy in 2012. 'Straight-jacketing' waterways with various infrastructure is no longer sufficient, Forest said, especially since seven percent of such structures were assessed to be in 'poor' or 'very poor' condition by the UK Environment Agency in 2022. Overcoming scepticism But convincing residents and authorities is not always an easy task as it often needs explaining that 'just because we've not built a concrete solution, that it isn't going to be as effective,' Scott said. 'It's also about re-educating people in government because it's easier for them to sell something (to voters) that's physical and much more prominent within the landscape,' he added. Traditional developments attracted the lion's share of the £2.6 billion announced by the government in March to fund new flood defence systems over the next two years. Leaky dams which form part of a natural flood management scheme at Beacon Hill near Loughborough. — AFP pic But Scott noted a greater interest in natural flood management over the past five years, with the previous government launching a £25 million programme last year. As a result, Leicester will be able to develop several waterways southeast of the city, and 35 other projects have been selected in England. 'It is encouraging that our successful approach to natural flood management measures is continuing to be supported,' Geoff Whittle, a local councillor responsible for the environment, told AFP. Contemplating the fruits of her labour in Saffron, 50-year-old volunteer Lis Gibbs told AFP that 'it feels like you can make a difference,' in contrast to climate change in general, which 'can feel really overwhelming'. — AFP
