Latest news with #TimWarren
Scoop
16-05-2025
- Automotive
- Scoop
ChrisFix, Frances Cook And Tim Warren Tell Kiwis How To Buy A Car
Press Release – AutoFlip ChrisFix the worlds largest DIY automotive YouTuber with over 10.6 million subscribers offers practical tips for everyday buyers. Top automotive experts and a leading financial journalist unite to offer exclusive advice for smart car purchasing in New Zealand In an era of rising living costs and tighter budgets, buying a car remains one of the biggest financial decisions a Kiwi can make. Recognising that even the most exciting purchase can turn into a costly regret, Autoflip is proud to unveil an exclusive guide featuring internationally renowned DIY automotive expert ChrisFix, acclaimed New Zealand financial journalist Frances Cook, and seasoned car market commentator Tim Warren, Editor of Drive Weekly. Expert Advice from ChrisFix ChrisFix – the world's largest DIY automotive YouTuber with over 10.6 million subscribers – offers practical tips for everyday buyers. He advises: Stay within your budget: 'For ordinary people looking for a car, I would just get something that is in your price range, or even slightly less. Spending less means you have funds to put towards any necessary fixes – because nearly all cars need a bit of attention, even brand-new ones.' Consider a nearly-new model: 'Buying a new car can be a luxury many can ill-afford. Opting for a car that is three or four years old can save you 20–30% without compromising on reliability or warranty.' Enjoy your choice: 'Life's short – drive the car you love. Choose a vehicle within your budget and relish the experience.' Know your car: 'Understanding basic car maintenance, like checking fluids or changing a tyre, can save you a fortune in the long run.' Insight from Frances Cook Financial journalist Frances Cook, celebrated for her clear and unflinching advice on personal finance, weighs in on the investment aspect of car ownership: 'Cars are a classic depreciating asset – they lose value from the moment you drive them off the lot. That said, a well-chosen used car, particularly one between 2 and 10 years old, often offers the best balance between cost and reliability.' On financing, she cautions: 'Whenever possible, buy in cash. Debt only adds to your expense through interest and fees. If a loan is unavoidable, aim to clear it within three years to minimise additional costs.' Tim Warren on Safety and Research Automotive expert Tim Warren highlights the importance of safety and thorough research: 'Safety and reliability are paramount. Look for vehicles with low maintenance costs and straightforward repairs.' 'The biggest mistake buyers make is not researching their chosen car thoroughly. With abundant free resources such as YouTube reviews and car forums, there is no excuse not to be well-informed.' A Booming Used Car Market Recent statistics underscore the shift in the market: new vehicle registrations have declined by 14.1% since January 2024, while Toyota's certified pre-owned sales have surged by 39% in 2024, with used car imports reaching record levels. As affordability drives demand, smart buyers are increasingly turning to second-hand options for the best deals. About Autoflip Autoflip is New Zealand's leading platform dedicated to connecting car owners with licensed dealers. Whether buying or selling, Autoflip ensures a smooth, efficient process that maximises value and minimises hassle
Scoop
15-05-2025
- Automotive
- Scoop
ChrisFix, Frances Cook And Tim Warren Tell Kiwis How To Buy A Car
Top automotive experts and a leading financial journalist unite to offer exclusive advice for smart car purchasing in New Zealand In an era of rising living costs and tighter budgets, buying a car remains one of the biggest financial decisions a Kiwi can make. Recognising that even the most exciting purchase can turn into a costly regret, Autoflip is proud to unveil an exclusive guide featuring internationally renowned DIY automotive expert ChrisFix, acclaimed New Zealand financial journalist Frances Cook, and seasoned car market commentator Tim Warren, Editor of Drive Weekly. Expert Advice from ChrisFix ChrisFix – the world's largest DIY automotive YouTuber with over 10.6 million subscribers – offers practical tips for everyday buyers. He advises: Stay within your budget: 'For ordinary people looking for a car, I would just get something that is in your price range, or even slightly less. Spending less means you have funds to put towards any necessary fixes – because nearly all cars need a bit of attention, even brand-new ones.' Consider a nearly-new model: 'Buying a new car can be a luxury many can ill-afford. Opting for a car that is three or four years old can save you 20–30% without compromising on reliability or warranty.' Enjoy your choice: 'Life's short – drive the car you love. Choose a vehicle within your budget and relish the experience.' Know your car: 'Understanding basic car maintenance, like checking fluids or changing a tyre, can save you a fortune in the long run.' Insight from Frances Cook Financial journalist Frances Cook, celebrated for her clear and unflinching advice on personal finance, weighs in on the investment aspect of car ownership: 'Cars are a classic depreciating asset – they lose value from the moment you drive them off the lot. That said, a well-chosen used car, particularly one between 2 and 10 years old, often offers the best balance between cost and reliability.' On financing, she cautions: 'Whenever possible, buy in cash. Debt only adds to your expense through interest and fees. If a loan is unavoidable, aim to clear it within three years to minimise additional costs.' Tim Warren on Safety and Research Automotive expert Tim Warren highlights the importance of safety and thorough research: 'Safety and reliability are paramount. Look for vehicles with low maintenance costs and straightforward repairs.' 'The biggest mistake buyers make is not researching their chosen car thoroughly. With abundant free resources such as YouTube reviews and car forums, there is no excuse not to be well-informed.' A Booming Used Car Market Recent statistics underscore the shift in the market: new vehicle registrations have declined by 14.1% since January 2024, while Toyota's certified pre-owned sales have surged by 39% in 2024, with used car imports reaching record levels. As affordability drives demand, smart buyers are increasingly turning to second-hand options for the best deals.
Yahoo
22-03-2025
- Business
- Yahoo
SANUWAVE Health Inc (SNWV) Q4 2024 Earnings Call Highlights: Record Revenue and Strategic ...
Revenue: $10.3 million for Q4 2024, a 47% increase from $7 million in Q4 2023. Systems Sold: 135 systems in Q4 2024, a 71% increase from 79 systems in Q4 2023. Applicator Sales: $5.9 million in Q4 2024, up 68% from Q4 2023. Gross Margin: 77.9% for Q4 2024, up from 69.1% in Q4 2023. Operating Income: $2.5 million for Q4 2024, an improvement of $1.5 million year-over-year. Operating Expenses: $5.5 million for Q4 2024, up from $3.8 million in Q4 2023. Net Loss: $12.7 million for Q4 2024, compared to net income of $18.2 million in Q4 2023. Adjusted EBITDA: Positive $3.7 million for Q4 2024, up from $0.7 million in Q4 2023. Total Current Assets: $18.4 million as of December 31, 2024, up from $9.8 million as of December 31, 2023. Cash: $10.2 million as of December 31, 2024. Warning! GuruFocus has detected 12 Warning Signs with SNWV. Release Date: March 21, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. SANUWAVE Health Inc (NASDAQ:SNWV) achieved a record revenue milestone of $10.3 million in Q4 2024, marking a 47% increase compared to the same period in 2023. The company experienced a 71% year-over-year growth in systems sold, with 135 systems sold in Q4 2024. Gross margins improved significantly to 77.9% in Q4 2024, up from 69.1% in the previous year, indicating strong operational efficiency. SANUWAVE Health Inc (NASDAQ:SNWV) successfully uplisted to Nasdaq, simplifying its capital structure and strengthening its balance sheet. The company reported positive adjusted EBITDA of $3.7 million for Q4 2024, a substantial improvement from $0.7 million in the same period last year. Operating expenses increased to $5.5 million in Q4 2024, up from $3.8 million in the same period last year, largely due to non-cash stock compensation expenses. The company reported a net loss of $12.7 million for Q4 2024, compared to a net income of $18.2 million in Q4 2023, primarily due to changes in the fair value of derivative liabilities. EBITDA for Q4 2024 was negative $9.7 million, indicating challenges in achieving profitability despite positive adjusted EBITDA. The company faces seasonality challenges, with Q1 typically being a slower period for medical device sales, impacting revenue predictability. SANUWAVE Health Inc (NASDAQ:SNWV) is still navigating the complexities of engaging with larger customers, which may lead to variability in order sizes and potential revenue lumpiness. Q: I noticed you guys hired a new Head of Sales back in January. Can you walk us through what's changing versus last year and how it's going so far? A: Sure, good question. We started 2024 with two salespeople and ended the year with nine. We will likely end Q3 with about nine, but three of them will be different from the nine we ended Q4 with. The change in strategy reflects our shift to a deeper, more consultative sale, focusing on building long-term partnerships. We hired Tim Warren, who was highly recommended and has a strong track record in sales growth. Q: You noted in your prepared comments that no customer represented more than 7% of revenue. Can you characterize the placements with respect to large, multi-order enterprise accounts or small orders? A: We sold a number of 1s and 2s in the quarter and saw substantial growth from existing customers. One significant customer ordered almost 20 systems. We plan for a base rate of smaller sales and view larger sales as upside. We're gearing up to handle larger orders by increasing our manufacturing capacity. Q: With respect to larger customers, is there any way to manage lumpy scenarios in any particular quarter? A: Our goal is to get systems in the field as they generate consumables. We plan for a base rate of business and view larger orders as upside. We aim to be able to respond quickly to large orders and are working to double our manufacturing capacity on short notice. Q: Can you provide some color on advancing additional confirmatory studies and new studies for UltraMIST? A: With improved financial footing, we're engaging with KOLs and researchers for new studies. Some customers have significant data repositories, and we expect papers and posters at SAWC. We're considering prospective studies, particularly on applications like split thickness donor sites, which showed promising results in past studies. Q: How are you planning to handle the seasonality in Q1 and your revenue guidance for 2025? A: We're guiding $8.4 million to $9 million in revenue for Q1, representing 45% to 55% growth from Q1 2024. Q1 is seasonally slower, but we expect a smaller drop compared to last year. For 2025, we're guiding $48 million to $50 million in revenues, representing a 50% year-on-year growth rate. 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
