Latest news with #quarterlyreport
Bloomberg
5 days ago
- Business
- Bloomberg
Swedish Economy Unexpectedly Shrinks, Weighed Down by Investment
Swedish output unexpectedly contracted at the beginning the year, breaking a two-quarter streak of expansion due mainly to subdued investments. Gross domestic product fell by 0.2% in the three months through March from the previous quarter when output grew a revised 0.5%, according to seasonally adjusted data published by Statistics Sweden Friday. The figure was below the median estimate of analysts for a 0.1% gain and a flash indicator which signaled output was unchanged.
Yahoo
6 days ago
- Business
- Yahoo
SentinelOne Inc (S) Q1 2026 Earnings Call Highlights: Strong Revenue Growth and Strategic ...
Revenue: $229 million, a growth of 23% year-over-year. International Revenue Growth: 27%, representing 38% of quarterly revenue. Total ARR: $948 million, a growth of 24% year-over-year. Customers with ARR of $100,000 or more: Grew 22% to 1,459. Gross Margin: 79%. Operating Margin: Expanded over 4 percentage points year-over-year to negative 2%. Free Cash Flow Margin: Record 20% for the quarter. Q2 Revenue Guidance: Approximately $242 million, growth of 22%. Full Year Revenue Guidance: $996 million to $1.1 billion, representing 22% growth. Q2 Gross Margin Guidance: Approximately 79%. Full Year Gross Margin Guidance: Between 78.5% and 79.5%. Q2 Operating Margin Guidance: Breakeven, implying a year-over-year improvement of approximately 300 basis points. Full Year Operating Margin Guidance: Between positive 3% and 4%, an improvement of over 650 basis points at the midpoint compared to fiscal year '25. Share Repurchase Authorization: $200 million open-ended. Warning! GuruFocus has detected 3 Warning Sign with S. Release Date: May 28, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. SentinelOne Inc (NYSE:S) exceeded revenue growth expectations with a 23% increase and achieved a record free cash flow margin of 20%. The company expanded its customer base and drove platform adoption across AI, cloud, data, and endpoint, with Purple AI achieving triple-digit year-over-year growth in quarterly bookings. SentinelOne Inc (NYSE:S) introduced a unified cloud security suite, enhancing real-time defense and operations, which gained strong traction among cloud security opportunities. The company's data solutions surpassed $100 million in ARR, highlighting the momentum of its AI SIEM offering and increasing preference for its modern AI-driven cloud-native data solution. SentinelOne Inc (NYSE:S) achieved FedRAMP high authorization for multiple solutions, including Purple AI, marking it as the first cybersecurity agentic AI solution approved for US government organizations. The company observed elongated sales cycles due to macroeconomic uncertainty, impacting Q1 net new ARR. SentinelOne Inc (NYSE:S) took a more measured stance on full-year growth assumptions due to potential macro volatility. Despite strong demand, the company experienced slip deals in Q1, attributed to macro volatility rather than competitive pressures. The guidance for the full fiscal year 2026 was slightly reduced, reflecting a decrease in internal expectations around net new ARR. The company noted that the federal sector faced longer sales cycles and more approval requirements, affecting deal timelines. Q: Can you discuss the incremental ARR in the quarter and what gives you confidence that the decline is macro-related and not competitive? A: Tomer Weingarten, CEO: We observed improved trends in May and expect year-over-year net growth in Q2 to improve relative to Q1. The decline was mainly due to slip deals rather than elevated churn, which was in line with expectations. The macro volatility in Q1 was unexpected, but fundamentals remain intact with strong demand and pipeline. Q: Can you elaborate on the guidance assumptions and whether the April trends are expected to persist throughout the year? A: Barbara Larson, CFO: Our outlook reflects new business growth throughout the year. We saw improved trends in May and are being cautious about potential external disruptions. The revenue guide was decreased by 1%, indicating a slight reduction in internal expectations for net new ARR. Q: What specific feedback did you receive from customers regarding the slip deals, and do you expect these deals to close in the July quarter? A: Tomer Weingarten, CEO: The macro backdrop changed unexpectedly in Q1, leading to longer sales cycles and paused spending decisions. We haven't seen deal cancellations, and we expect 22% growth this year. Trends improved in May, with strong demand and win rates, but we are cautious about potential disruptions. Q: Can you discuss the progression of productivity and bundle sales, and whether elongated sales cycles were more pronounced in certain regions or verticals? A: Tomer Weingarten, CEO: The elongated sales cycles were more pronounced in larger deals and globally, but mid-market remained strong. Our platform's breadth and depth are significant, and we're making it more flexible for customers. Our AI and data business are major growth drivers, and we expect meaningful accretion from changing our bundling structure. Q: How do you view the SIEM market, and what is the pipeline for competitive displacements? A: Tomer Weingarten, CEO: The SIEM market is seeing augmentation and net new data storage needs. Our AI SIEM allows customers to unify data without migration, addressing real-time threat detection needs. There's growing interest in cloud-native SIEM solutions due to cost benefits and real-time capabilities, which legacy providers struggle with. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
24-05-2025
- Business
- Yahoo
Booz Allen downgraded to Market Perform from Outperform at Raymond James
Raymond James analyst Brian Gesuale downgraded Booz Allen (BAH) to Market Perform from Outperform with no price target following this morning's 'weak' quarterly report and guidance. The company's heavier civil government mix and challenges aligning with the current administration, along with difficult comps, create a backdrop of significant organic growth deceleration, while margins 'look like they will be heavy as well' given ongoing investment in long-term growth areas, the analyst tells investors. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on BAH: Disclaimer & DisclosureReport an Issue BAH Earnings: Booz Allen Stock Buckles on Bungled Earnings Booz Allen Reports Strong FY25 Financial Results Options Volatility and Implied Earnings Moves Today, May 23, 2025 Booz Allen sees FY26 free cash flow $700M-$800M Booz Allen falls 14% to $111.00 after Q4 results, FY26 guidance
Yahoo
16-05-2025
- Business
- Yahoo
Q1 2025 Synergy CHC Corp Earnings Call
Greg Robles; Investor Relations; Synergy CHC Corp Jack Ross; Chairman of the Board, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary; Synergy CHC Corp Jaime Fickett; Chief Financial Officer; Synergy CHC Corp Operator Good morning, everyone and thank you for participating in today's conference call to discuss Synergy CHC Corporation's financial results for the first quarter ended March 31, 2025. Joining us today are Synergy CEO Jack Ross; CFO Jaime Fickett; and Greg Robles with Investor Relations. Following the remarks, we'll open the call for analyst questions. Before we go further, I would like to turn the call over to Mr. Robles as he reads the company's safe harbor statement. Greg, please go ahead. Greg Robles Thanks Marvin, good morning and thanks for joining our conference call to discuss our first-quarter 2025 financial results. I'd like to remind everyone that this call is available for replay and via a live webcast that will be posted on our investor relations site at The information on this call contains forward-looking statements. These statements are often characterized by terminologies such as believe, hope, may, anticipate, expect, will, and other similar expressions. Forward-looking statements are not guarantees of future performance, and the actual results may be materially different from the results implied by forward-looking statements. Factors that could cause results to differ materially from those implied herein include but are not limited to. Those factors disclosed in the company's SEC filings under the caption risk factors. The information on this call speaks only as of today's date, and the company disclaims any duty to update the information provided here. And now I would like to turn the call over to the CEO of Synergy, Jack Ross, Jack? Jack Ross Good morning, everyone. Thank you for joining us today to discuss Synergy's performance for the first quarter of 2025. We are very pleased to report a 30% growth in earnings per share year over year, marking our ninth consecutive quarter of profitability. Additionally, we have expanded our EBITDA margins significantly to 24.1% compared to 19.7% in the prior period. This performance highlights the strength of our operating model and the ongoing discipline around cost management. Before we get into the results, I want to highlight a few exciting business developments that the team has been working diligently on. First, as an update on our international expansion. We have entered into a three year license agreement for the Focus Factor brand with a company in the United Arab Emirates which allows Focus Factor to expand its global reach. We expect the licensee and their designated territory to begin generating revenue by the fourth quarter. Looking ahead, we plan to expand our global presence by adding new licensees in selected markets where synergy does not currently operate and does not intend to establish a direct footprint. Additionally, we have incorporated a wholly owned subsidiary in Mexico, and we are working on onboarding our manufacturing partners and customers, which includes Costco and Walmart. We expect this initiative to start generating revenue early in the third quarter. We still intend to open Australia and Taiwan markets early in the fourth quarter with Costco being the lead customer for both regions. Second, I would like to provide an update on our RTD beverage progress. We have hired an industry veteran with over 10 years of experience in the beverage and convenience store industry. He is set to join our team on May 26. We expect him to add significant growth to our beverage business starting almost immediately. Since our last call in March, we now have opened more than 400 additional convenience stores in Canada, doing business with Metro, en route, INS Markets, to name a few. Moving forward, we will continue to grow our Canadian and US convenience store business for RTD beverages. We are pleased to report that during the second quarter, we received nearly $1 million of purchase orders from Amazon for our RTD products. These orders represent strong momentum through the second quarter. We expect to be in full rollout mode with Amazon and other major retailers in the back half of the year. Third, we have entered into a long-term supplier agreement for Focus Factor products, which we will have significant cost saving benefits to Synergy. This arrangement has changed our capital needs from Synergy buying and owning the inventory for the Focus Factor brand to the supplier now owning the inventory and shipping directly to our customers. Lastly, we also have entered into two term sheets to refinance our debt that we expect to close as soon as possible, which is expected to accelerate free cash flow in the business in the near term and extend our debt maturity date into 2029. With the terms that are currently being presented, this refinancing will alleviate more than $10 million of principal payments in 2025. Before passing the call over to Jamie, I want to touch base. I want to touch briefly on tariffs as we know this evolving situation is on top of the mind of all investors. Synergy purchases all its products from suppliers in their representative countries, meaning all products sold within a country are produced in that country. While we may see some impact from tariffs on certain ingredients, we do not expect to have any material impact on our business. With those updates, I'd like to turn the call over to our Chief Financial Officer, Jamie Thickett. Jamie? Jaime Fickett Thank you, Jack. I'll now review our financial results. For the first quarter of 2025, net revenue was $8.2 million compared to $9.4 million in the year ago quarter, reflecting a 13% decrease year over year. This decline was primarily driven by a one-time sell-in to one customer during 2024 that did not repeat in 2025. Gross margin for the first quarter was 75.4% compared to 72% in the same quarter last year. The increase in gross margin was primarily driven by a favorable product mix. Operating expenses for the first quarter were $4.2 million compared to $5 million in the year ago quarter. The decrease of 15% in operating expenses reflects our ongoing focus on managing cost effectively while continuing to invest in key growth initiatives. Income from operations was $1.9 million, an increase of 8% compared to $1.8 million in the first quarter of 2024. Net income for the first-quarter was $876,000 or $0.10 per diluted share compared to $580,000 or $0.08 per diluted share in the year ago quarter. This represents a 30% increase in earnings per share year over year, reflecting the successful execution of our strategic growth initiatives and cost management. EBITDA for the first quarter was $1.98 million compared to $1.85 million in the first quarter of 2024, up 7%. Moving to our balance sheet as of March 31, 2025, we had cash and cash equivalents of 177.9,000 compared to 687.9,000 as of December 31, 2024. Inventory was $2.3 million at the end of the first quarter compared to $1.7 million at the end of December 31, 2024. At March 31, 2025, we had $31.3 million in total liabilities, which compares to $33 million in total liabilities at December 31, 2024, which is a decrease of $1.7 million in the first quarter. For the three months ended March 31, 2025. Our cash used in operating activities was $823,000 compared to cash used in operating activities of $858,000 at March 31, 2024. The decrease was primarily attributable to an increase in inventory and a decrease in accounts payable and accrued expenses offset by a decrease in receivables. Now I will turn the call back over to the operator. Operator Thank you. (Operator Instructions) And our first question comes from a line of Sean McGowan of Roth Capital Partners. Please proceed. Good morning. Thanks for taking the questions. My first question would be on the RTD beverage. So what, how much was in the quarter and kind of what are the plans for the roll out for the for the remainder of the year? Jack Ross Yeah, Sean, thank you for the question. So if you sort of look at Synergy's budget, we didn't have really anything planned for the first quarter. We did $30,000 of RTD revenue in the first quarter. In the second quarter, with what's happened already with Amazon, we expect to do about $2 million. Okay, and in terms of kind of geographic territories and other distribution channels, what's the plan for the balance of the year? Jack Ross For RTDs? Yeah, in terms of, adding new stores and new customers. Yeah, so primarily just in Canada and the US at this point and nothing's changed from, the major customers that we are targeting, meaning convenience stores. Obviously we're going to go back to Costco and the rest of the retailers that we already have in our system that we sell our current bills to. Okay, and then a question on expenses. So the, good job there, they came in below, where I thought, but would you say this G&A level is going to rise through the year or is this, something we should expect to see, consistently through the year? So G&A, we will have a couple of headcount, ads if you will, to G&A, but I think it'll be as a percentage, it will probably be pretty flat. Okay, and then my last question was. What was the licensing revenue that you booked in the first quarter there? Is that something you've talked about before? I thought that was stuff that we would expect later in the year. Jack Ross Yeah, so that's, as mentioned in my dialogue on the call here, we signed a licensee for the United Arab Emirates that we received a fee for $1.5 million for that territory, and we will pursue other territories that way that we don't plan on having a footprint ourselves in, if you will. So expanding our global reach, basically. So in the future then that for at least that particular contract that would be just based on the actual revenue and this is just sort of a startup fee. Jack Ross That's correct. Okay. Jack Ross In the fourth quarter they got a bit of registration timeline to start generating revenue but we expect to generate start generating revenue in the fourth quarter. Okay, thank you. Just one more clarification. Did you mention Australia and Thailand? Were those the two countries you. Jack Ross Expected Taiwan. Taiwan. Okay, thank you. Operator Thank you. (Operator Instructions) At this time I'm showing no questions. I'll now turn the call back over to Mr. Ross for closing remarks. Jack Ross Thank you. We'd like to thank everyone for joining our earnings call, and we look forward to speaking with you, when we report the second quarter results in August. Thank you. Operator Ladies and gentlemen, this concludes today's teleconference. You may disconnect your lines at this time. Thank you for your participation. Sign in to access your portfolio
Yahoo
16-05-2025
- Business
- Yahoo
Q1 2025 Synergy CHC Corp Earnings Call
Greg Robles; Investor Relations; Synergy CHC Corp Jack Ross; Chairman of the Board, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary; Synergy CHC Corp Jaime Fickett; Chief Financial Officer; Synergy CHC Corp Operator Good morning, everyone and thank you for participating in today's conference call to discuss Synergy CHC Corporation's financial results for the first quarter ended March 31, 2025. Joining us today are Synergy CEO Jack Ross; CFO Jaime Fickett; and Greg Robles with Investor Relations. Following the remarks, we'll open the call for analyst questions. Before we go further, I would like to turn the call over to Mr. Robles as he reads the company's safe harbor statement. Greg, please go ahead. Greg Robles Thanks Marvin, good morning and thanks for joining our conference call to discuss our first-quarter 2025 financial results. I'd like to remind everyone that this call is available for replay and via a live webcast that will be posted on our investor relations site at The information on this call contains forward-looking statements. These statements are often characterized by terminologies such as believe, hope, may, anticipate, expect, will, and other similar expressions. Forward-looking statements are not guarantees of future performance, and the actual results may be materially different from the results implied by forward-looking statements. Factors that could cause results to differ materially from those implied herein include but are not limited to. Those factors disclosed in the company's SEC filings under the caption risk factors. The information on this call speaks only as of today's date, and the company disclaims any duty to update the information provided here. And now I would like to turn the call over to the CEO of Synergy, Jack Ross, Jack? Jack Ross Good morning, everyone. Thank you for joining us today to discuss Synergy's performance for the first quarter of 2025. We are very pleased to report a 30% growth in earnings per share year over year, marking our ninth consecutive quarter of profitability. Additionally, we have expanded our EBITDA margins significantly to 24.1% compared to 19.7% in the prior period. This performance highlights the strength of our operating model and the ongoing discipline around cost management. Before we get into the results, I want to highlight a few exciting business developments that the team has been working diligently on. First, as an update on our international expansion. We have entered into a three year license agreement for the Focus Factor brand with a company in the United Arab Emirates which allows Focus Factor to expand its global reach. We expect the licensee and their designated territory to begin generating revenue by the fourth quarter. Looking ahead, we plan to expand our global presence by adding new licensees in selected markets where synergy does not currently operate and does not intend to establish a direct footprint. Additionally, we have incorporated a wholly owned subsidiary in Mexico, and we are working on onboarding our manufacturing partners and customers, which includes Costco and Walmart. We expect this initiative to start generating revenue early in the third quarter. We still intend to open Australia and Taiwan markets early in the fourth quarter with Costco being the lead customer for both regions. Second, I would like to provide an update on our RTD beverage progress. We have hired an industry veteran with over 10 years of experience in the beverage and convenience store industry. He is set to join our team on May 26. We expect him to add significant growth to our beverage business starting almost immediately. Since our last call in March, we now have opened more than 400 additional convenience stores in Canada, doing business with Metro, en route, INS Markets, to name a few. Moving forward, we will continue to grow our Canadian and US convenience store business for RTD beverages. We are pleased to report that during the second quarter, we received nearly $1 million of purchase orders from Amazon for our RTD products. These orders represent strong momentum through the second quarter. We expect to be in full rollout mode with Amazon and other major retailers in the back half of the year. Third, we have entered into a long-term supplier agreement for Focus Factor products, which we will have significant cost saving benefits to Synergy. This arrangement has changed our capital needs from Synergy buying and owning the inventory for the Focus Factor brand to the supplier now owning the inventory and shipping directly to our customers. Lastly, we also have entered into two term sheets to refinance our debt that we expect to close as soon as possible, which is expected to accelerate free cash flow in the business in the near term and extend our debt maturity date into 2029. With the terms that are currently being presented, this refinancing will alleviate more than $10 million of principal payments in 2025. Before passing the call over to Jamie, I want to touch base. I want to touch briefly on tariffs as we know this evolving situation is on top of the mind of all investors. Synergy purchases all its products from suppliers in their representative countries, meaning all products sold within a country are produced in that country. While we may see some impact from tariffs on certain ingredients, we do not expect to have any material impact on our business. With those updates, I'd like to turn the call over to our Chief Financial Officer, Jamie Thickett. Jamie? Jaime Fickett Thank you, Jack. I'll now review our financial results. For the first quarter of 2025, net revenue was $8.2 million compared to $9.4 million in the year ago quarter, reflecting a 13% decrease year over year. This decline was primarily driven by a one-time sell-in to one customer during 2024 that did not repeat in 2025. Gross margin for the first quarter was 75.4% compared to 72% in the same quarter last year. The increase in gross margin was primarily driven by a favorable product mix. Operating expenses for the first quarter were $4.2 million compared to $5 million in the year ago quarter. The decrease of 15% in operating expenses reflects our ongoing focus on managing cost effectively while continuing to invest in key growth initiatives. Income from operations was $1.9 million, an increase of 8% compared to $1.8 million in the first quarter of 2024. Net income for the first-quarter was $876,000 or $0.10 per diluted share compared to $580,000 or $0.08 per diluted share in the year ago quarter. This represents a 30% increase in earnings per share year over year, reflecting the successful execution of our strategic growth initiatives and cost management. EBITDA for the first quarter was $1.98 million compared to $1.85 million in the first quarter of 2024, up 7%. Moving to our balance sheet as of March 31, 2025, we had cash and cash equivalents of 177.9,000 compared to 687.9,000 as of December 31, 2024. Inventory was $2.3 million at the end of the first quarter compared to $1.7 million at the end of December 31, 2024. At March 31, 2025, we had $31.3 million in total liabilities, which compares to $33 million in total liabilities at December 31, 2024, which is a decrease of $1.7 million in the first quarter. For the three months ended March 31, 2025. Our cash used in operating activities was $823,000 compared to cash used in operating activities of $858,000 at March 31, 2024. The decrease was primarily attributable to an increase in inventory and a decrease in accounts payable and accrued expenses offset by a decrease in receivables. Now I will turn the call back over to the operator. Operator Thank you. (Operator Instructions) And our first question comes from a line of Sean McGowan of Roth Capital Partners. Please proceed. Good morning. Thanks for taking the questions. My first question would be on the RTD beverage. So what, how much was in the quarter and kind of what are the plans for the roll out for the for the remainder of the year? Jack Ross Yeah, Sean, thank you for the question. So if you sort of look at Synergy's budget, we didn't have really anything planned for the first quarter. We did $30,000 of RTD revenue in the first quarter. In the second quarter, with what's happened already with Amazon, we expect to do about $2 million. Okay, and in terms of kind of geographic territories and other distribution channels, what's the plan for the balance of the year? Jack Ross For RTDs? Yeah, in terms of, adding new stores and new customers. Yeah, so primarily just in Canada and the US at this point and nothing's changed from, the major customers that we are targeting, meaning convenience stores. Obviously we're going to go back to Costco and the rest of the retailers that we already have in our system that we sell our current bills to. Okay, and then a question on expenses. So the, good job there, they came in below, where I thought, but would you say this G&A level is going to rise through the year or is this, something we should expect to see, consistently through the year? So G&A, we will have a couple of headcount, ads if you will, to G&A, but I think it'll be as a percentage, it will probably be pretty flat. Okay, and then my last question was. What was the licensing revenue that you booked in the first quarter there? Is that something you've talked about before? I thought that was stuff that we would expect later in the year. Jack Ross Yeah, so that's, as mentioned in my dialogue on the call here, we signed a licensee for the United Arab Emirates that we received a fee for $1.5 million for that territory, and we will pursue other territories that way that we don't plan on having a footprint ourselves in, if you will. So expanding our global reach, basically. So in the future then that for at least that particular contract that would be just based on the actual revenue and this is just sort of a startup fee. Jack Ross That's correct. Okay. Jack Ross In the fourth quarter they got a bit of registration timeline to start generating revenue but we expect to generate start generating revenue in the fourth quarter. Okay, thank you. Just one more clarification. Did you mention Australia and Thailand? Were those the two countries you. Jack Ross Expected Taiwan. Taiwan. Okay, thank you. Operator Thank you. (Operator Instructions) At this time I'm showing no questions. I'll now turn the call back over to Mr. Ross for closing remarks. Jack Ross Thank you. We'd like to thank everyone for joining our earnings call, and we look forward to speaking with you, when we report the second quarter results in August. Thank you. Operator Ladies and gentlemen, this concludes today's teleconference. You may disconnect your lines at this time. Thank you for your participation. Sign in to access your portfolio
