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3 days ago
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Jones Soda Co (JSDA) Q2 2025 Earnings Call Highlights: Revenue Decline Offset by Strategic ...
Net Revenue: $4.9 million in Q2 2025, down from $6.7 million in Q2 2024. HD9 THC Product Revenue: $0.8 million in Q2 2025, up from $0.6 million in Q2 2024. Gross Profit Margin: 33.3% in Q2 2025, compared to 34.3% in Q2 2024. Total Operating Expenses: Decreased 37% to $2.4 million in Q2 2025 from $3.8 million in Q2 2024. Net Income: $2.6 million or $0.02 per share in Q2 2025, compared to a net loss of $1.6 million or $0.02 loss per share in Q2 2024. Adjusted EBITDA: Improved to negative $571,000 in Q2 2025 from a loss of $1.1 million in Q2 2024. Cash Position: Approximately $0.7 million as of June 30, 2025. Divestiture Proceeds: $3 million from the sale of the cannabis business. New Distributors: Signed five new distributors and expanded into 829 additional convenience channels in Q2 2025. Warning! GuruFocus has detected 6 Warning Signs with JSDA. Release Date: August 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Jones Soda Co (JSDA) successfully completed the divestiture of its cannabis business, generating $3 million in proceeds, allowing the company to focus on its core beverage operations. The company signed five new distributors and expanded its presence into an additional 829 convenience channels, indicating strong distribution growth. Jones Soda Co (JSDA) reported strong traction and growth in its core Zero sodas and HD9 THC zero-sugar products, showing effective market adaptation. The company maintained similar gross profit margins despite a decrease in revenue, thanks to cost reduction efforts. Jones Soda Co (JSDA) achieved a net income of $2.6 million in the quarter, a significant improvement from a net loss of $1.6 million in the previous year, driven by the gain on the sale of its cannabis business and reduced operating costs. Negative Points Net revenue for the second quarter was $4.9 million, down from $6.7 million in the same period last year, primarily due to a onetime pipeline fill in 2024 and the loss of a discount market customer. The company faced a temporary sales impact in Q2 due to an HD9 THC supply issue, although this has been resolved. Gross profit as a percentage of revenue slightly decreased to 33.3% from 34.3% in the prior year period. Adjusted EBITDA remained negative at $571,000, although it showed a 48% improvement from the previous period. The company had only $0.7 million in cash as of June 30, 2025, indicating limited liquidity, although it has ample capacity under its credit line for additional needs. Q & A Highlights Q: What is the company's approach to operating in today's virality-driven marketing landscape, and is the company leveraging AI for advertisements? A: Scott Harvey, CEO, explained that Jones Soda is deploying a social media strategy using brand influencers and digital marketing to drive product awareness. The company is exploring AI for creating low-cost, catchy advertisements and plans to test this approach soon. Q: Has Jones Soda landed any new accounts in the past three months? A: Scott Harvey, CEO, confirmed that Jones Soda has secured new retailers and distributors, including a new club opportunity set to roll out at the end of the month, indicating positive momentum for the brand. Q: How has sell-through been at current retailers, and can you provide specific metrics? A: Scott Harvey, CEO, reported that Jones core soda single bottles sell at $3.23 per SKU per store per week, ranking third in the craft soda category. Pop Jones sells at $2.09 per SKU per store per week, ranking 11th in the modern soda category, with expectations to move into the top five after marketing efforts in September. Q: Can you provide an update on the product roadmap and priorities? A: Scott Harvey, CEO, stated that the company remains focused on its core, modern, and adult beverage categories, driving innovation within these areas to maintain focus and avoid distractions. Q: Are there plans to offer the full Jones Soda and HD9 lineup in zero-sugar variations? A: Scott Harvey, CEO, confirmed that zero-sugar products are available in the core lineup, with plans to expand based on product velocity. The company is rolling out HD9 Zeros this quarter to cater to health-conscious consumers. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Inicia sesión para acceder a tu cartera de valores
Yahoo
3 days ago
- Business
- Yahoo
KULR Technology Group Inc (KULR) Q2 2025 Earnings Call Highlights: Record Revenue and First ...
Revenue: Approximately $4 million, up 63% from Q2 2024. Net Earnings: First quarterly profit of $0.22 per share. Product Revenue Growth: Increased by 74% year over year. Service Revenue: Decreased by 57% year over year. Gross Margin: 18%, affected by unanticipated labor hours and Bitcoin price. Cash and Bitcoin Balance: Approximately $140 million. Bitcoin Holdings: 1,035 Bitcoins, valued at about $120 million as of August 11th. Total Assets: $141 million. Operating Expenses: Increased due to planned growth-related investments. Warning! GuruFocus has detected 5 Warning Signs with KULR. Release Date: August 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points KULR Technology Group Inc (KULR) achieved record revenue of approximately $4 million in Q2 2025, marking a 63% increase from the same quarter in 2024. The company reported its first quarterly profit of $0.22 per share, largely due to its Bitcoin treasury strategy. KULR's balance sheet is strong, with approximately $140 million in cash and Bitcoin, positioning the company well for future growth. Product revenue grew by 74% year over year, indicating a successful shift from a design and testing service company to a product-focused company. The company has launched new platforms, such as Coola One Air for unmanned autonomous vehicles and battery backup units for industrial applications, which are expected to drive future growth. Negative Points Service revenue decreased by 57%, and overall revenue per customer was down approximately 6%, indicating challenges in maintaining service revenue streams. Gross margin for the second quarter was down to 18%, impacted by unanticipated labor hours and Bitcoin price fluctuations. There is negative sentiment and communication issues with shareholders, particularly regarding the reverse stock split and Bitcoin strategy. The company faces challenges in transitioning from a design and service company to a product-focused company, with some growing pains and market volatility affecting progress. KULR has been criticized for focusing heavily on Bitcoin-related activities, potentially overshadowing its core business operations in energy storage solutions. Q & A Highlights Q: With the success at Camp Pendleton and ongoing US Army trials, is there any Department of Defense traction with respect to helicopter operations? A: Michael Mo, CEO: We cannot discuss all details, but Cool Vibe can balance various helicopters like the H60 and Bell 407. It typically takes 2 to 3 runs to reduce vibration to nearly zero, providing significant cost savings and operational efficiency. Q: Quarter over quarter, SG&A costs have been climbing while sales growth has not kept pace. What's driving this imbalance? A: Shawn Canter, CFO: Our SG&A costs reflect planned investments to drive future growth. We achieved record revenue this quarter, and we are focused on sharing more about our revenue growth wins with investors. Q: Why should shareholders continue to hold KULR shares given the dilution to purchase Bitcoin and fund unprofitable operations? A: Michael Mo, CEO: The ATM has been strategic for building our BTC treasury and balance sheet. With $140 million in cash and Bitcoin, we are well-positioned to invest in our battery and AI robotics business, transitioning to a product-focused company. Q: Why must investors submit questions ahead of time for these calls? A: Michael Mo, CEO: We see value in receiving questions ahead of time to provide comprehensive answers. We will consider best practices from similar companies for future calls. Q: What was the rationale for executing a reverse stock split when KULR was NYSE compliant? A: Michael Mo, CEO: The reverse split was voluntary to attract more institutional investors, not due to compliance issues. We believe this will provide a broader shareholder base and long-term value. Q: Is KULR transitioning from energy storage solutions to crypto mining? A: Michael Mo, CEO: KULR is a Bitcoin plus treasury company, treating Bitcoin as a strategic pillar while building a portfolio of frontier technology businesses, including high-performance energy systems and AI robotics. Q: Are there any analysts currently covering KULR stock? A: Shawn Canter, CFO: Research teams and investment banks decide independently on coverage. It's not up to us. Q: How does KULR plan to address the claims made in the Grizzly Research report? A: Michael Mo, CEO: We do not engage with negative opinion reports to avoid endless battles of opinions. Our legal options are limited by freedom of speech, and we focus on maintaining commercial confidentiality. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
KULR Technology Group Inc (KULR) Q2 2025 Earnings Call Highlights: Record Revenue and First ...
Revenue: Approximately $4 million, up 63% from Q2 2024. Net Earnings: First quarterly profit of $0.22 per share. Product Revenue Growth: Increased by 74% year over year. Service Revenue: Decreased by 57% year over year. Gross Margin: 18%, affected by unanticipated labor hours and Bitcoin price. Cash and Bitcoin Balance: Approximately $140 million. Bitcoin Holdings: 1,035 Bitcoins, valued at about $120 million as of August 11th. Total Assets: $141 million. Operating Expenses: Increased due to planned growth-related investments. Warning! GuruFocus has detected 5 Warning Signs with KULR. Release Date: August 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points KULR Technology Group Inc (KULR) achieved record revenue of approximately $4 million in Q2 2025, marking a 63% increase from the same quarter in 2024. The company reported its first quarterly profit of $0.22 per share, largely due to its Bitcoin treasury strategy. KULR's balance sheet is strong, with approximately $140 million in cash and Bitcoin, positioning the company well for future growth. Product revenue grew by 74% year over year, indicating a successful shift from a design and testing service company to a product-focused company. The company has launched new platforms, such as Coola One Air for unmanned autonomous vehicles and battery backup units for industrial applications, which are expected to drive future growth. Negative Points Service revenue decreased by 57%, and overall revenue per customer was down approximately 6%, indicating challenges in maintaining service revenue streams. Gross margin for the second quarter was down to 18%, impacted by unanticipated labor hours and Bitcoin price fluctuations. There is negative sentiment and communication issues with shareholders, particularly regarding the reverse stock split and Bitcoin strategy. The company faces challenges in transitioning from a design and service company to a product-focused company, with some growing pains and market volatility affecting progress. KULR has been criticized for focusing heavily on Bitcoin-related activities, potentially overshadowing its core business operations in energy storage solutions. Q & A Highlights Q: With the success at Camp Pendleton and ongoing US Army trials, is there any Department of Defense traction with respect to helicopter operations? A: Michael Mo, CEO: We cannot discuss all details, but Cool Vibe can balance various helicopters like the H60 and Bell 407. It typically takes 2 to 3 runs to reduce vibration to nearly zero, providing significant cost savings and operational efficiency. Q: Quarter over quarter, SG&A costs have been climbing while sales growth has not kept pace. What's driving this imbalance? A: Shawn Canter, CFO: Our SG&A costs reflect planned investments to drive future growth. We achieved record revenue this quarter, and we are focused on sharing more about our revenue growth wins with investors. Q: Why should shareholders continue to hold KULR shares given the dilution to purchase Bitcoin and fund unprofitable operations? A: Michael Mo, CEO: The ATM has been strategic for building our BTC treasury and balance sheet. With $140 million in cash and Bitcoin, we are well-positioned to invest in our battery and AI robotics business, transitioning to a product-focused company. Q: Why must investors submit questions ahead of time for these calls? A: Michael Mo, CEO: We see value in receiving questions ahead of time to provide comprehensive answers. We will consider best practices from similar companies for future calls. Q: What was the rationale for executing a reverse stock split when KULR was NYSE compliant? A: Michael Mo, CEO: The reverse split was voluntary to attract more institutional investors, not due to compliance issues. We believe this will provide a broader shareholder base and long-term value. Q: Is KULR transitioning from energy storage solutions to crypto mining? A: Michael Mo, CEO: KULR is a Bitcoin plus treasury company, treating Bitcoin as a strategic pillar while building a portfolio of frontier technology businesses, including high-performance energy systems and AI robotics. Q: Are there any analysts currently covering KULR stock? A: Shawn Canter, CFO: Research teams and investment banks decide independently on coverage. It's not up to us. Q: How does KULR plan to address the claims made in the Grizzly Research report? A: Michael Mo, CEO: We do not engage with negative opinion reports to avoid endless battles of opinions. Our legal options are limited by freedom of speech, and we focus on maintaining commercial confidentiality. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
4 days ago
- Business
- Yahoo
Mastech Digital Inc (MHH) Q2 2025 Earnings Call Highlights: Navigating Challenges with ...
Consolidated Revenue: $49.1 million, a year-over-year decrease of 0.9% compared to Q2 2024. Data and Analytics Services Revenue: $8.6 million, a 3.2% decrease from Q2 2024. IT Staffing Services Revenue: $40.5 million, a 0.4% decrease from Q2 2024. Order Booking in Data and Analytics: $5.8 million, down from $9.2 million in Q2 2024. Consolidated Gross Profit: Decreased by 1.1% compared to Q2 2024. Consolidated Gross Margins: Dropped by 7 basis points over Q2 2024. GAAP Net Income: $0.1 million or $0.01 per diluted share, compared to $1.4 million or $0.12 per diluted share in Q2 2024. Non-GAAP Net Income: $1.8 million or $0.15 per diluted share, compared to $2.2 million or $0.19 per diluted share in Q2 2024. Cash Balance: $27.9 million as of June 30, 2025. Cash Availability: $22.2 million on revolving credit facilities. Days Sales Outstanding: 53 days as of June 30, 2025. Warning! GuruFocus has detected 3 Warning Sign with MHH. Release Date: August 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Mastech Digital Inc (MHH) reported continued year-over-year growth in both IT staffing and data analytics business segments, demonstrating the strength of their portfolio. The company achieved its highest gross margin to date in the second quarter, focusing on revenue quality, particularly among financial services clients. Mastech Digital Inc (MHH) has made significant progress on strategic initiatives, including the transition of finance and accounting functions to India, which is expected to enhance process agility and alignment. The company maintains a solid financial position with a cash balance of $27.9 million and no bank debt, providing flexibility for future investments. Mastech Digital Inc (MHH) is actively pursuing partnerships, such as with Informatica, to build differentiated offerings and enhance client solutions. Negative Points Consolidated revenue for the second quarter of 2025 decreased by 0.9% year-over-year, reflecting a cautious market environment. The data and analytics services segment experienced a 3.2% decline in revenue compared to the second quarter of 2024, driven by slower decision-making on capital programs. Order bookings in the data and analytics segment were lower than expected, totaling $5.8 million compared to $9.2 million in the previous year. GAAP net income for the second quarter of 2025 was significantly lower at $0.1 million, compared to $1.4 million in the second quarter of 2024. The billable consultant base in the IT staffing services segment declined by 11 consultants, indicating potential challenges in maintaining workforce levels. Q & A Highlights Q: Is the transition of finance and accounting functions to India complete, and are there any more one-time expenses expected? A: Kannan Sugantharaman, CFO, stated that the transition is on track and expected to be completed by Q4 2025. Early gains have been seen in cost, process agility, and team alignment. No additional one-time expenses are expected beyond what has been disclosed. Q: What is the progress on the partnership with Informatica? A: Nirav Patel, CEO, mentioned that the partnership with Informatica is progressing well. They are creating joint solution offerings and building capabilities to serve clients better. The partnership is part of a broader strategy to differentiate their offerings. Q: CGI's revenue is down by $2 million. Will this trend continue, or will there be a base level of business maintained? A: Kannan Sugantharaman, CFO, indicated that they do not expect a drastic change in the relationship with CGI. Client engagement remains strong, and no major deviations are anticipated. Q: Can you discuss the revenue mix and average bill rate changes? A: Kannan Sugantharaman, CFO, explained that bill rates have increased due to a focus on revenue quality and specialized talent demand. The current bill rate is approximately $85-$86, up from $81-$82 last year, reflecting improved revenue quality. Q: What are the plans for cash usage and potential acquisitions? A: Kannan Sugantharaman, CFO, stated that they are evaluating cash usage, including a buyback program and targeted investments aligned with long-term growth priorities. They are open to acquisitions that enhance capabilities and service areas. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Inicia sesión para acceder a tu portafolio
Yahoo
4 days ago
- Business
- Yahoo
Avino Silver & Gold Mines Ltd (ASM) Q2 2025 Earnings Call Highlights: Record Revenue Growth ...
Revenue: $21.8 million, up 47% from Q2 2024. Gross Profit: $10.2 million with a gross profit margin of 45%. Net Income: $2.9 million, translating to earnings per share of $0.02. Adjusted Earnings: $8.8 million or $0.06 per share, over 100% improvement from Q2 2024. Cash Flow from Operating Activities: $8.5 million or $0.06 per share. Free Cash Flow: $4.4 million after capital expenditures. Cash Position: $37.3 million at the end of the quarter. Working Capital: Over $40 million at the end of the quarter. Silver Equivalent Production: Increased by 5% to almost 646,000 ounces. Gold Production: Increased by 17% with improved recoveries to 74%. Copper Production: Increased by 12%, reaching 1.5 million pounds. Cash Cost per Silver Equivalent Ounce: $15.11, down 7% from Q2 2024. All-in Sustaining Cash Cost: Just under $21 per silver equivalent ounce, 8% lower than Q2 2024. Warning! GuruFocus has detected 6 Warning Sign with ASM. Release Date: August 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Avino Silver & Gold Mines Ltd (ASM) reported a 47% increase in revenues to $21.8 million, marking the second highest in company history. The company achieved a record mill throughput of 190,987 tonnes, a 36% increase from Q2 of the previous year. Gold production increased by 17% due to improved tonnes processed and better gold recoveries. Avino's cash position improved significantly, with $37.3 million at the end of the quarter, up over $10 million from the previous quarter. The company maintained strong production momentum with a 5% increase in silver equivalent production to almost 646,000 ounces. Negative Points Silver production decreased by 3% compared to Q2 2024 due to lower feed grades. The company is currently in a lower grade area of the mine, impacting the feed grade for the three metals. There is ongoing uncertainty due to tariff discussions affecting currency movements between the USD and Mexican peso. The company has not provided specific throughput targets for La Preciosa for the current year, indicating potential uncertainty in ramp-up plans. Avino is focusing on organic growth and has not pursued external growth opportunities, which may limit expansion potential. Q & A Highlights Q: Can you provide an update on the timeline for intercepting veins at La Preciosa? A: David Wolfin, President and CEO, stated that they have intercepted the Abundancia vein this week, and the Gloria vein is expected to be intercepted in a few more weeks. Q: What is the expected mill throughput at La Preciosa heading into 2026? A: Nathan Harte, CFO, mentioned that they aim to reach 400 to 500 tonnes per day by the latter part of next year, focusing initially on development ore. Q: How are you approaching M&A given the current precious metals prices? A: David Wolfin emphasized that the company is focused on organic growth with their three key assets and maintaining capital discipline, despite being shown potential projects. Q: What improvements have been made in mill availability, and what are the expectations for the third quarter? A: Peter Latta, VP of Technical Services, explained that while they are currently in a lower-grade area, higher grades are expected later in the quarter, which should improve recoveries. Q: Can you clarify what is meant by "site services have been installed" at La Preciosa? A: David Wolfin clarified that this includes infrastructure like compressed air, ventilation, and facilities for employees and contractors, as the site is getting busier. Q: Is there a targeted cash balance for supporting future expansions, and what is left on the ATM? A: Nathan Harte stated that while there is no exact cash balance target, they are evaluating capital needs for future expansions. Over two-thirds of the $40 million ATM remains available. Q: How should we interpret changes in revenue-impacting factors like inventory shifts and treatment charges? A: Peter Latta noted improved terms with partners like Samsung and explained that inventory levels fluctuate seasonally, with Q2 and Q3 generally being stable. Q: What is the basis for the current resource figures, and how does it relate to NI 43-101 standards? A: David Wolfin explained that meeting NI 43-101 standards allows them to publish reserves, with ongoing drilling expected to enhance their resource estimates next year. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
