Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, the competitive dynamics of the industries where they participate, and buying companies that we would like to hold independently of how the price moves in the future. Most QC calls will be holds, and that is by design. Only a very sm ...

Financial Data and Key Metrics - Total revenues for Q3 2024 were $94.1 million, a decrease of 14.7% compared to the previous year [34] - Adjusted EBITDA for the quarter was $6.5 million, with an adjusted EBITDA margin of 6.9% [40] - Gross profit was $39.3 million, with a gross margin of 41.8%, down from 61.9% a year ago [35] - Adjusted gross profit, excluding charges, was $58.3 million, with an adjusted gross margin of 61.9% [36] - Net loss for the quarter was $111.5 million, while adjusted net income was $1.4 million [40] Business Line Data and Key Metrics - Direct-to-consumer (DTC) channel revenues declined 15.5% to $64.5 million, primarily due to lower site traffic [34] - Retail revenues were $29.7 million, a decrease of 12.7%, but excluding a one-time barter agreement, retail sales increased by 10% [34] - The company is focusing on product innovation, with new launches like Surround Lite and a cookout kit, and partnerships with the NFL for branded products [16][17][18] Market Data and Key Metrics - The company is underpenetrated in the retail channel and plans to open new doors with key retailers, including a 130-store test with a national retailer for Solo Stove [21] - The company is also focusing on a more strategic go-to-market approach for retail partners, targeting marketplaces like Amazon, club channels, and big-box specialty stores [21] Company Strategy and Industry Competition - The company has identified five key priorities for 2024, including developing a comprehensive strategic plan, recruiting a talented team, and focusing on product innovation [12][13][15] - The company is consolidating ISLE Paddle Boards and Oru Kayaks into a new water sports division to realize synergies and improve profitability [27] - The company is also focusing on a more balanced marketing strategy, with a full-funnel approach that includes brand building and conversion [28][29] Management Commentary on Operating Environment and Future Outlook - The company reaffirmed its fiscal 2024 outlook, expecting revenues in the range of $470 million to $490 million and adjusted EBITDA margin in the range of 9% to 10% [42] - The company is focused on transforming the business through innovation, integrated marketing campaigns, and optimizing channel distribution [43] Other Important Information - The company took several one-time charges in Q3, including an $18.7 million write-down related to the wind-down of the IcyBreeze reporting unit and a $25 million goodwill impairment charge at the Stove reporting unit [35][39] - The company has $12.5 million in cash and cash equivalents and $75 million in outstanding borrowing under the revolving credit facility [41] Q&A Session Question: Balance of DTC and wholesale through the end of the year and 2025 expectations [45] - The company is focusing on stabilizing the DTC channel through product innovation and a new website launch in 2025, with expectations of DTC stabilization in the first half of 2025 and growth in the second half [46][51] Question: Trends into Q4 and promotional intensity [58] - The company is seeing increased traffic and interest in the category as seasonal weather sets in, with a focus on the next 60 days as the most important time of the year [59] Question: Impact of the Snoop ad campaign [60] - The Snoop campaign has shown early signs of success, with increased traffic, higher average order values (AOVs), and stronger return on ad spend (ROAS) [61] Question: Refining promotional strategy and consumer reception [64] - The company is moving towards being less promotional long-term, with a focus on special promotions during key periods like Black Friday and Cyber Monday [65][66][67] Question: Performance of Chubbies in the quarter [70] - Chubbies continues to grow, with strong performance in both online and retail channels, and the company is excited about the prospects for this brand [71][72]

BrandPilot AI Inc. Provides Corporate Updates Highlighting New Client Acquisitions, Strategic Partnerships, DTC Eligibility, and Upcoming Investor WebinarNovember 08, 2024 9:10 AM EST | Source: BrandPilot AI Inc.Momentum Builds for BrandPilot AI with Diverse Client Wins and Expanded Access for U.S. and Global InvestorsCompany to host investor webinar on November 28, 2024Toronto, Ontario--(Newsfile Corp. - November 8, 2024) - BrandPilot AI Inc., (CSE: BPAI) (OTCQB: BPAIF) ("BPAI" or the "Compan ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number 001-40979 Solo Brands, Inc. (Exact Name of Registrant as Specified in its Charter) | --- | --- | |------ ...

Solo Brands, Inc. (DTC) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -60%. A quarter ago, it was expected that this company would post earnings of $0.12 per share when it actually produced earnings of $0.04, delivering a surprise of -66.67%.Over the last four quarters, the company ...

Solo Brands, Inc. Announces Third Quarter Results Reaffirms Full Year 2024 Guidance 1 Grapevine, Texas, November 7, 2024: Solo Brands, Inc. (NYSE: DTC) ("Solo Brands" or "the Company") today announced its financial results for the three and nine month period ended September 30, 2024. "Our third quarter results were in line with our expectations despite a continued challenging macroeconomic backdrop for big ticket consumer durable items," said Chris Metz, Chief Executive Officer of Solo Brands. "We continue ...

Skechers U.S.A., Inc. (SKX) reported impressive third-quarter 2024 results, with the top and the bottom line surpassing the Zacks Consensus Estimate. Also, both metrics improved year over year. Following impressive performance, this Manhattan Beach, CA-based footwear company raised its fiscal 2024 guidance. As a result, shares of SKX rose 5.9% during the after-market trading session yesterday.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Skechers achieved a record-breaking quarter w ...

Bally Sports Will Become FanDuel Sports Network on October 21 SOUTHPORT, Conn. and NEW YORK, Oct. 18, 2024 /PRNewswire/ -- Diamond Sports Group ("Diamond") and FanDuel, North America's premier online gaming company, today announced an agreement on a broad, long-term commercial partnership, including: Exclusive right to name Diamond's 16 regional sports networks ("RSNs") and Diamond's digital offerings, including the direct to consumer ("DTC") product, as FanDuel Sports Network; linear and digital media plac ...

Ashburn, Va and Whiteley, Hampshire, UK, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Domo Tactical Communications (DTC), the leading provider of wireless MESH IP technology and advanced communication solutions, today announced the launch of the BluSDR-90-UL, the latest addition to its trusted BluSDR™ product line. Designed to meet the evolving needs of both mobile and fixed-site applications, BluSDR-90-UL is optimized for long-range communication on drone platforms, enabling reliable connectivity capable of over 150k ...

An analyst views the launch of ESPN's DTC streaming platform as a mixed bag for The Walt Disney Company DIS, with both positives and negatives. While potential challenges loom, renewed NBA rights and NCAA football playoffs could help offset future weakness. The Disney Analyst: Macquarie analyst Tim Nollen retained a Neutral rating on Disney and lowered the price target from $94 to $91. Read Also: Disney's Q3 Earnings: Revenue And EPS Beat, Streaming Business Turns Profitable, Strong ESPN Revenue Boost The A ...