Earnings Call Transcripts

Access detailed transcripts and key takeaways from company earnings calls

All Earnings Calls

PROF May 7, 2026

Profound Medical Q1 2026 Earnings Call - First Formal Guidance Set as TULSA Platform Gains Reimbursement Traction

Profound Medical delivered a decisive Q1 2026 quarter, flipping revenue growth into sharper losses while locking in its first formal full-year guidance of CAD 25 million. The company’s TULSA platform ...

  • Revenue surged 104% year-over-year to CAD 5.3 million, driven by a mix of CAD 2.9 million in capital equipment sales and CAD 2.5 million in recurring revenue.
  • Net loss narrowed sharply to CAD 7 million from CAD 10.7 million a year ago, with operating expenses falling 9% to CAD 11.8 million as the company scales.
  • Gross margin expanded to 72% from 71% in Q1 2025, primarily due to a favorable product mix favoring higher-margin capital equipment sales.
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FWRD May 7, 2026

Forward Air Q1 2026 Earnings Call - Strategic Pivot Amid Customer Diversification and Intermodal Sale

Forward Air reported a solid Q1 2026 with operating income of $20M and consolidated EBITDA of $70M, demonstrating margin stability across its core Expedited and Omni Logistics segments. However, the c...

  • Operating income improved to $20 million in Q1 2026, up from $5 million in Q1 2025, while consolidated EBITDA was $70 million, slightly down from $73 million a year ago.
  • Expedited Freight segment EBITDA rose to $28 million from $26 million year-over-year, maintaining a stable 10.4% margin.
  • Omni Logistics segment EBITDA remained flat at $25 million, with margins improving to 7.9% from 8.3% due to a mix shift toward higher-margin contract logistics.
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SRTS May 7, 2026

Sensus Healthcare Q1 2026 Earnings Call - New CPT Codes Drive Recurring Revenue Pivot

Sensus Healthcare reported a sharp revenue decline to $3.4 million in Q1 2026, a direct consequence of shedding its reliance on a single large customer that accounted for $5.6 million in the prior yea...

  • Revenue fell to $3.4 million from $8.3 million year-over-year, primarily due to zero sales to a historically large customer that contributed $5.6 million in Q1 2025.
  • Excluding the large customer, underlying revenue grew to $3.4 million from $2.7 million, signaling organic demand across a more diversified base.
  • Dedicated CPT codes for superficial radiotherapy, effective January 1, 2026, have eliminated reimbursement uncertainty and driven a 300% increase in per-fraction payment rates.
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GEVO May 7, 2026

Gevo Inc Q1 2026 Earnings Call - Strong EBITDA Growth and Project North Star Financing Shift to Private Capital

Gevo delivered a solid first quarter 2026, reporting $43 million in revenue and $9 million in non-GAAP adjusted EBITDA, a sharp turnaround from a $15 million loss in the prior year quarter. The compan...

  • Gevo reported Q1 2026 revenue of $43 million, up from $29 million in Q1 2025, driven by strong production and margin performance in low carbon ethanol and carbon attributes.
  • Non-GAAP adjusted EBITDA reached $9 million in Q1 2026, a significant improvement from a $15 million loss in the prior year quarter, despite including $11 million in debt extinguishment costs.
  • The company reaffirmed its 2026 adjusted EBITDA target of $30 million and its goal to reach a $40 million annualized run rate from existing operations by year-end.
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DXPE May 7, 2026

DXP Enterprises Q1 2026 Earnings Call - Strong Margin Expansion and Backlog Growth Offset Soft January

DXP Enterprises delivered a sluggish start to 2026 with a weak January, but the momentum reversed sharply in February and March, driving a 9.5% year-over-year sales increase to $521.7 million. The com...

  • Sales grew 9.5% year-over-year to $521.7 million, with average daily sales accelerating from $7.2 million in January to $9.2 million in March.
  • Gross profit margins expanded 79 basis points year-over-year to 32.3%, driven by pricing discipline, favorable product mix, and higher-margin acquisitions.
  • Adjusted EBITDA reached $57.8 million, maintaining an 11.1% margin despite seasonal SG&A headwinds and discrete acquisition-related costs.
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CDXS May 7, 2026

Codexis Q1 2026 Earnings Call - ECO Synthesis Revenue Surge and Stereochemistry Breakthrough

Codexis reported a sharp revenue jump in Q1 2026, driven by the full recognition of a major Merck technology transfer deal. The company is aggressively positioning its ECO Synthesis platform as the sc...

  • Q1 2026 revenue doubled to $15.2 million year-over-year, primarily due to full recognition of the Merck Technology Transfer Agreement.
  • The Merck deal for the HIV drug islatravir replaced a 16-step chemical synthesis with a biocatalytic cascade, earning a Green Chemistry Challenge Award.
  • Product gross margin expanded significantly to 71% in Q1 2026 from 55% in the prior year period, reflecting a shift toward higher-margin product mix.
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BLFS May 7, 2026

BioLife Solutions Q1 2026 Earnings Call - Revenue Surges 25% as Biopreservation Media Franchise Drives Growth

BioLife Solutions delivered a robust Q1 2026, with revenue jumping 25% year-over-year to $27.5 million and adjusted EBITDA up 15%. The growth was overwhelmingly fueled by its biopreservation media (BP...

  • Q1 2026 revenue reached $27.5 million, a 25% year-over-year increase, driven primarily by strong demand for biopreservation media (BPM).
  • Adjusted EBITDA grew approximately 15% to $6.2 million, representing 22% of revenue, though the margin declined slightly due to product mix and yield issues.
  • BPM remains the dominant revenue driver, accounting for over 85% of total sales, with more than 70% market share in U.S. commercially sponsored clinical trials.
  • +7 more takeaways
EXFY May 7, 2026

Expensify Q1 2026 Earnings Call - Profitability Holds While Migration Drives Growth Signal

Expensify delivered a mixed Q1 2026 print, with revenue declining 6% year-over-year to $34 million and paid members slipping 4% to 632,000. The top-line softness reflects the ongoing transition to New...

  • Revenue fell 6% year-over-year to $34 million, reflecting continued top-line pressure during the platform transition.
  • Paid members declined 4% to 632,000 on average, but April paid active users rose to 641,000, signaling early recovery momentum.
  • Adjusted EBITDA held at $6.2 million, with non-GAAP net income of $3.6 million, underscoring margin resilience despite revenue softness.
  • +7 more takeaways
ALRM May 7, 2026

Alarm.com 1st Quarter 2026 Earnings Call - SaaS Revenue Exceeds Expectations Amid Supply Chain Headwinds

Alarm.com delivered a robust first quarter for 2026, with SaaS and license revenue growing 10.8% year-over-year to $181.5 million, comfortably beating the midpoint of guidance by $5.6 million. The bea...

  • SaaS and license revenue grew 10.8% year-over-year to $181.5 million, exceeding the midpoint of guidance by $5.6 million.
  • Revenue retention rate hit 95.4%, a decade-high, contributing approximately $2 million to $2.5 million in quarterly upside.
  • EnergyHub revenue provided a $2 million tailwind due to a structural shift pulling forward an agreement originally slated for Q3.
  • +7 more takeaways
INMB May 7, 2026

INmune Bio Q1 2026 Earnings Call - CORDStrom Nearing Approval, XPro Platform Explored for Rare Diseases

INmune Bio is accelerating its regulatory timeline for CORDStrom, the lead candidate for recessive dystrophic epidermolysis bullosa (RDEB), with a U.K. Marketing Authorisation Application (MAA) now ta...

  • CORDStrom MAA submission to the U.K. MHRA is now targeted for early Q3 2026, with a global EMA and FDA submission deadline maintained for late 2026.
  • The company has secured a long-term supply agreement with Anthony Nolan U.K. Cord Blood Bank to ensure consistent umbilical cord tissue for CORDStrom manufacturing.
  • Process validation for CORDStrom is underway, with the first of three manufacturing runs completed and the remaining two scheduled to meet the submission deadline.
  • +11 more takeaways