Latest news with #TIGR
Yahoo
13 hours ago
- Business
- Yahoo
UP Fintech Holding Ltd (TIGR) Q1 2025 Earnings Call Highlights: Record Revenue and Client ...
Total Revenue: USD 122.6 million, up 55.3% year over year. Commission Income: USD 58.3 million, more than doubling year over year. Interest Income: USD 53.8 million, increased 22.7% year over year. Non-GAAP Net Income: USD 36 million, up 18.3% sequentially and 145% year over year. GAAP Net Income: USD 30.4 million, up 8.4% quarter over quarter and 146.7% year over year. Total Trading Volume: USD 217 billion. Marketing, Financing, and Securities Lending Balance: USD 5.2 billion, increased 89.4% year over year. New Funded Accounts: 60,900 added in the first quarter, a 2.9% increase quarter-over-quarter and 111.2% growth year over year. Total Funded Accounts: 1,152,900, an increase of 23.5% year over year. Total Client Assets: USD 45.9 billion, up 9.9% quarter-over-quarter and 39.5% year-over-year. Interest Expense: USD 50 million, decreased 10% quarter over quarter. Employee Compensation and Benefits Expense: USD 33.8 million, an increase of 22% year over year. Marketing Expense: USD 10.9 million, increased 148% year-over-year. Total Operating Costs: USD 67.1 million, an increase of 32% from the same quarter of last year. Non-GAAP Profit Margin: Expanded from 25% in the previous quarter to nearly 30% this quarter. Warning! GuruFocus has detected 2 Warning Signs with TIGR. Release Date: May 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Total revenue for the first quarter reached USD122.6 million, marking a 55.3% increase year over year. Trading volume hit USD217 billion, driving commission income to a record high of USD58.3 million, more than doubling year over year. Non-GAAP net income increased to USD36 million, reflecting an 18.3% sequential increase and a 145% increase year over year. The company added 60,900 new funded accounts in Q1, achieving over 40% of its full-year target. Client assets reached a record high of USD45.9 billion, marking the 10th consecutive quarter of growth. Interest income slightly decreased by 4% quarter over quarter due to the maturity of US treasury holdings. Cash equities take rate decreased slightly from 6.9 bps to 6.7 bps quarter over quarter. Execution and carrying expenses increased by 139% year over year, in line with increased trading volumes. Marketing expenses rose by 148% year over year, reflecting higher costs for user acquisition. The average customer acquisition cost (CAC) is expected to rise to USD250 to USD300, up from USD150 to USD180. Q: With markets remaining volatile in the second quarter, how has this affected the company's run rate so far? Could you share any early trends around trading volume, client assets, and newly funded accounts? A: (Tianhua Wu, CEO) We are pleased with the second quarter's progress. Trading volume hit a record high in April, surpassing USD100 billion. Client assets have also reached a new high, increasing by double digits compared to the first quarter. However, due to market volatility, we expect a decrease in new funded accounts compared to Q1, but user quality remains strong, and we are confident in meeting our annual target of 150,000 new funded users. Q: Looking ahead, how should we think about the cost, particularly headcount and customer acquisition? Can you provide guidance on customer acquisition costs? A: (Fei Zeng, CFO) We will continue investing in product and R&D, with headcount growth remaining disciplined. Compensation expenses are expected to grow 10% to 20% annually. Marketing spending will increase, especially in the second half of the year, with customer acquisition costs rising to USD250-300 due to investments in high-value markets and brand awareness. Q: Could you elaborate on the breakdown of asset inflows in terms of regions and account types? A: (Tianhua Wu, CEO) In Q1, we recorded USD3.2 billion in net asset inflows, with 60% from Greater China, 30% from Singapore, and 10% from the US, Australia, and New Zealand. Retail clients contributed 60% of these inflows. Q: Your margin financing and security lending balances grew, yet net interest income remained flat. Was this due to declining interest rates? What impact would a Fed rate cut have? A: (Fei Zeng, CFO) The flat net interest income was due to matured US treasury investments, impacting income by USD1.5 million. A 25 bps Fed rate cut would negatively impact quarterly net interest income by USD1-1.5 million, about 1% of quarterly revenue. Q: Could you provide a regional breakdown of newly funded accounts in Q1? How do you view the Hong Kong market opportunity, especially with increased competition? A: (Tianhua Wu, CEO) In Q1, 45% of new accounts were from Singapore and Southeast Asia, 35% from Greater China, and 10% each from Australia, New Zealand, and the US. Hong Kong remains a key market despite competition, with strong client assets growth and high ARPU. We plan to continue investing in talent and marketing to secure a meaningful market share. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
13 hours ago
- Business
- Yahoo
UP Fintech Holding Ltd (TIGR) Q1 2025 Earnings Call Highlights: Record Revenue and Client ...
Total Revenue: USD 122.6 million, up 55.3% year over year. Commission Income: USD 58.3 million, more than doubling year over year. Interest Income: USD 53.8 million, increased 22.7% year over year. Non-GAAP Net Income: USD 36 million, up 18.3% sequentially and 145% year over year. GAAP Net Income: USD 30.4 million, up 8.4% quarter over quarter and 146.7% year over year. Total Trading Volume: USD 217 billion. Marketing, Financing, and Securities Lending Balance: USD 5.2 billion, increased 89.4% year over year. New Funded Accounts: 60,900 added in the first quarter, a 2.9% increase quarter-over-quarter and 111.2% growth year over year. Total Funded Accounts: 1,152,900, an increase of 23.5% year over year. Total Client Assets: USD 45.9 billion, up 9.9% quarter-over-quarter and 39.5% year-over-year. Interest Expense: USD 50 million, decreased 10% quarter over quarter. Employee Compensation and Benefits Expense: USD 33.8 million, an increase of 22% year over year. Marketing Expense: USD 10.9 million, increased 148% year-over-year. Total Operating Costs: USD 67.1 million, an increase of 32% from the same quarter of last year. Non-GAAP Profit Margin: Expanded from 25% in the previous quarter to nearly 30% this quarter. Warning! GuruFocus has detected 2 Warning Signs with TIGR. Release Date: May 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Total revenue for the first quarter reached USD122.6 million, marking a 55.3% increase year over year. Trading volume hit USD217 billion, driving commission income to a record high of USD58.3 million, more than doubling year over year. Non-GAAP net income increased to USD36 million, reflecting an 18.3% sequential increase and a 145% increase year over year. The company added 60,900 new funded accounts in Q1, achieving over 40% of its full-year target. Client assets reached a record high of USD45.9 billion, marking the 10th consecutive quarter of growth. Interest income slightly decreased by 4% quarter over quarter due to the maturity of US treasury holdings. Cash equities take rate decreased slightly from 6.9 bps to 6.7 bps quarter over quarter. Execution and carrying expenses increased by 139% year over year, in line with increased trading volumes. Marketing expenses rose by 148% year over year, reflecting higher costs for user acquisition. The average customer acquisition cost (CAC) is expected to rise to USD250 to USD300, up from USD150 to USD180. Q: With markets remaining volatile in the second quarter, how has this affected the company's run rate so far? Could you share any early trends around trading volume, client assets, and newly funded accounts? A: (Tianhua Wu, CEO) We are pleased with the second quarter's progress. Trading volume hit a record high in April, surpassing USD100 billion. Client assets have also reached a new high, increasing by double digits compared to the first quarter. However, due to market volatility, we expect a decrease in new funded accounts compared to Q1, but user quality remains strong, and we are confident in meeting our annual target of 150,000 new funded users. Q: Looking ahead, how should we think about the cost, particularly headcount and customer acquisition? Can you provide guidance on customer acquisition costs? A: (Fei Zeng, CFO) We will continue investing in product and R&D, with headcount growth remaining disciplined. Compensation expenses are expected to grow 10% to 20% annually. Marketing spending will increase, especially in the second half of the year, with customer acquisition costs rising to USD250-300 due to investments in high-value markets and brand awareness. Q: Could you elaborate on the breakdown of asset inflows in terms of regions and account types? A: (Tianhua Wu, CEO) In Q1, we recorded USD3.2 billion in net asset inflows, with 60% from Greater China, 30% from Singapore, and 10% from the US, Australia, and New Zealand. Retail clients contributed 60% of these inflows. Q: Your margin financing and security lending balances grew, yet net interest income remained flat. Was this due to declining interest rates? What impact would a Fed rate cut have? A: (Fei Zeng, CFO) The flat net interest income was due to matured US treasury investments, impacting income by USD1.5 million. A 25 bps Fed rate cut would negatively impact quarterly net interest income by USD1-1.5 million, about 1% of quarterly revenue. Q: Could you provide a regional breakdown of newly funded accounts in Q1? How do you view the Hong Kong market opportunity, especially with increased competition? A: (Tianhua Wu, CEO) In Q1, 45% of new accounts were from Singapore and Southeast Asia, 35% from Greater China, and 10% each from Australia, New Zealand, and the US. Hong Kong remains a key market despite competition, with strong client assets growth and high ARPU. We plan to continue investing in talent and marketing to secure a meaningful market share. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
13 hours ago
- Business
- Yahoo
FSN E-Commerce Ventures Ltd (BOM:543384) Q4 2025 Earnings Call Highlights: Strong Growth in ...
GMV (Gross Merchandise Value) Q4: INR 4,102 crores, 27% YoY growth. Net Revenue Q4: INR 2,062 crores, 24% YoY growth. Gross Margin Q4: 44.1%, improved by 51 basis points YoY. EBITDA Q4: INR 133 crores, 6.5% of revenue, 43% YoY growth. PAT (Profit After Tax) Q4: INR 19 crores, 0.9% of net revenue, 10% YoY growth. Full Year GMV: INR 15,604 crores, 25% YoY growth. Full Year Net Revenue: INR 7,950 crores, 24% YoY growth. Full Year Gross Margin: 43.7%, improved by 84 basis points. Full Year EBITDA: INR 474 crores, 6% of net revenue, 37% YoY growth. Full Year PAT: INR 72 crores, 0.9% of net revenue, 81% YoY growth. Beauty GMV Q4: INR 3,058 crores, 31% YoY growth. Beauty Full Year GMV: INR 11,775 crores, 30% YoY growth. Fashion GMV Q4: 18% YoY growth. Fashion Full Year GMV: INR 3,804 crores, 12% YoY growth. Customer Base: 42 million, 28% growth. Store Count: 237 stores, 50 new stores added in FY25. House of Brands GMV: INR 2,100 crores. Superstore GMV: INR 950 crores, 57% YoY growth. Operating Cash Flow: INR 467 crores. Warning! GuruFocus has detected 2 Warning Signs with TIGR. Release Date: May 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. FSN E-Commerce Ventures Ltd (BOM:543384) reported a strong 27% year-on-year growth in GMV for Q4 FY25, reaching INR4,102 crores. The company's net revenue grew by 24% year-on-year, amounting to INR2,062 crores for the quarter. Gross margins improved by 51 basis points year-on-year, reaching 44.1% for the quarter. EBITDA increased by 43% year-on-year, resulting in an EBITDA margin of 6.5% for the quarter. The beauty segment showed robust growth, with a 31% increase in GMV for Q4 and a 30% increase for the full year. The fashion segment experienced slower growth compared to beauty, with only an 18% year-on-year increase in GMV for Q4. Despite improvements, the fashion segment's growth was muted at 12% year-on-year for the full year. The company's PAT margin remains low at 0.9% of net revenue for the quarter. There is ongoing competitive pressure in the beauty segment, which could impact margins. The company continues to face challenges in achieving profitability in its eB2B business, requiring further investment. Q: How should one think about steady state margins for the BPC business, and how is the traction for fast delivery services like Nykaa Now? A: Anchit Nayar, Executive Director, explained that the beauty vertical consists of three different businesses with varying margin profiles: beauty multi-brand retail, own brands, and eB2B. Each business is improving its margins, but the mix of these businesses affects the overall margin outlook. Nykaa Now, their rapid delivery service, is live in multiple metros and has shown promising traction, with plans to expand to more cities. Q: What could be the steady state growth for the fashion industry, and are there any changes to the EBITDA breakeven guidance? A: Abhijeet Dabas, Executive Vice President and Business Head - Fashion eCommerce, stated that the fashion industry is still underpenetrated online, and Nykaa is confident in continuing its growth momentum. Structural improvements have been made towards profitability, and more details will be shared during the upcoming Investor Day. Q: Does the fashion business require a stronger offline presence, and are there any new categories being considered? A: Falguni Nayar, Executive Chairman, CEO, and MD, mentioned that while physical retail is important, e-commerce remains crucial due to the diverse market and brand reach in India. Nykaa is investing in physical retail but believes e-commerce will continue to be significant. The wellness category is also being explored as a potential area for growth. Q: Can you share insights on customer overlap and behavior between online and offline channels in the beauty business? A: Anchit Nayar highlighted that there is significant overlap between online and offline customers, with different use cases for each channel. Consumers often shop both online for convenience and offline for experiential learning, and Nykaa's strategy is to offer both channels at scale. Q: What is driving the growth and profitability of the eB2B business, and how should we think about its future outlook? A: Falguni Nayar indicated that growth is driven by geographic expansion, brand partnerships, and improving margins. The business is on a path to profitability, but it requires continued investment and development. More detailed guidance will be provided at the annual meeting. 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
Al Bawaba
09-04-2025
- Science
- Al Bawaba
UAE Defense Ministry develops AI robot to detect suspicious packages
Published April 9th, 2025 - 07:29 GMT ALBAWABA – The UAE Ministry of Defense has announced the unveiling of an innovative artificial intelligence (AI) robot. The robot is set to begin operation in a few months and will be capable of detecting suspicious packages remotely. UAE's new AI TIGR robot The UAE Ministry of Defense unveiled an innovative artificial intelligence (AI)-powered robot capable of remotely detecting suspicious packages from up to 800 meters. The robot can easily identify chemical, biological, radiological, nuclear, and explosive (CBRNE) to ministry officials, the robot will begin official operations in six months. The Tactical Ground Identification Robot (TIGR) was revealed during the World Crisis and Emergency Management Summit (WCEMS) in Abu Dhabi. 'Instead of sending human personnel, we can deploy the AI robot. It is equipped with sensors that detect potential threats remotely by transmitting live footage and data back to the operator in real time,' stated a spokesperson from the ministry. وزارة الدفاع تبرز دورها كشريك استراتيجي في القمة العالمية للطوارئ والأزمات 2025 بتقنيات متقدمة وحلول متبكرة تشارك وزارة الدفاع في القمة العالمية للطوارئ والأزمات 2025، المقامة في مركز أبوظبي الوطني للمعارض (أدنيك)، بصفتها شريكًا استراتيجيًا لهيئة الطوارئ والأزمات والكوارث، حيث… — وزارة الدفاع |MOD UAE (@modgovae) April 8, 2025 The robot was tested in front of the audience at WCEMS, and upon detecting and identifying a threat, the TIGR robot notified the defense team to take security measures and actions in the surrounding area. Additionally, the robot can collect samples from the soil, air, and overall environment to assist the ministry in conducting further analysis. The TIGR robot was designed and manufactured entirely by the UAE Ministry of Defense. It has undergone several tests and training over the past year and is expected to be in service within the next six months. Also Read Meet the AI robot from UAE that picks strawberries © 2000 - 2025 Al Bawaba (
Khaleej Times
08-04-2025
- Science
- Khaleej Times
Watch: UAE-made AI robot can now detect suspicious packages from afar
An artificial intelligence-powered robot that can remotely identify threats from suspicious packages — including chemical, biological, radiological, nuclear and explosive (CBRNE) materials from a distance of up to 800 metres, was unveiled by the UAE Ministry of Defence on Tuesday. The Tactical Identification Ground Robot (TIGR) was showcased at the World Crisis and Emergency Management Summit (WCEMS) in Abu Dhabi. 'Instead of sending human personnel, we can deploy the AI robot,' said a Ministry of Defence spokesperson. 'It is equipped with sensors that detect potential threats remotely by transmitting live footage and data back to the operator in real time.' If TIGR identifies the nature of the threat, the defence team can immediately take action to secure the area. If it cannot determine the exact risk, it is capable of collecting environmental samples, from soil or air, which are then sent directly to the Ministry's laboratories for further analysis. Designed and built entirely in-house by the Ministry of Defence, the robot has been undergoing testing in emergency drills over the past year. It is expected to be operational within the next six months. 'It is continuously being upgraded. We're exploring enhancements, including increasing its range and adding amphibious capabilities. Science is infinite,' the spokesperson added. 'Fortunately, we haven't needed to deploy it for a real-life threat yet.'
