Image source: The Motley Fool. Thursday, March 12, 2026 at 4:30 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Paul J. Travers Chief Financial Officer — Grant Neil Russell Director, Investor Relations — Edward McGregor Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Total Revenue -- $2.2 million for the quarter, up 76% from the prior year due to higher M400 smart gl...
Image source: The Motley Fool. Thursday, March 12, 2026 at 4:30 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Paul J. Travers Chief Financial Officer — Grant Neil Russell Director, Investor Relations — Edward McGregor Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Total Revenue -- $2.2 million for the quarter, up 76% from the prior year due to higher M400 smart glasses unit sales and significantly higher engineering services sales. -- $2.2 million for the quarter, up 76% from the prior year due to higher M400 smart glasses unit sales and significantly higher engineering services sales. Full-Year Revenue -- $6.3 million, a 9% increase, driven by 4% growth in product sales and a 27% increase in engineering services to $1.6 million. -- $6.3 million, a 9% increase, driven by 4% growth in product sales and a 27% increase in engineering services to $1.6 million. Gross Loss -- $1.1 million, narrowed from $5.6 million, primarily reflecting reduced inventory obsolescence reserves. -- $1.1 million, narrowed from $5.6 million, primarily reflecting reduced inventory obsolescence reserves. Research and Development Expense -- $12.6 million for the year, up 31%. The increase mainly stemmed from additional LX1 and waveguide development costs and higher depreciation on manufacturing equipment, partially offset by a $900,000 reduction in non-cash stock-based compensation. -- $12.6 million for the year, up 31%. The increase mainly stemmed from additional LX1 and waveguide development costs and higher depreciation on manufacturing equipment, partially offset by a $900,000 reduction in non-cash stock-based compensation. Sales and Marketing Expense -- $5.5 million, down 33% from the prior year due to reductions in bad debt, salaries, and stock-based compensation. -- $5.5 million, down 33% from the prior year due to reductions in bad debt, salaries, and stock-based compensation. General and Administrative Expense -- $11.6 million, down 32%, largely reflec...
Key Points Whether it’s to aid in visual effects or to support fresh advertising capabilities, one dominant streaming platform is leveraging AI. A struggling sportswear giant is mixing AI with feedback from elite athletes to support innovative shoe designs. AI facilitates the matching of drivers and riders, while aiding in dynamic pricing, for the leader in mobility and delivery. 10 stocks we like...
Key Points Whether it’s to aid in visual effects or to support fresh advertising capabilities, one dominant streaming platform is leveraging AI. A struggling sportswear giant is mixing AI with feedback from elite athletes to support innovative shoe designs. AI facilitates the matching of drivers and riders, while aiding in dynamic pricing, for the leader in mobility and delivery. 10 stocks we like better than Netflix › Artificial intelligence (AI) has been a hot buzzword in the markets and the economy. Incredible amounts of capital are being invested in computing resources to build the infrastructure. However, the tools that are already available are benefiting companies that decide to be proactive and figure out ways to enhance their performance in this new technological age. For stock market investors, it might be a good idea to start identifying the businesses that are choosing to adapt. Here are three examples of industry-leading companies that are leveraging AI capabilities in unique ways. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » 1. Netflix The first business on this list is Netflix (NASDAQ: NFLX), a dominant force in the streaming entertainment market. It ended 2025 with 325 million subscribers. And it reported 16% revenue growth and a 29.5% operating margin last year, showcasing its financial success. Netflix has long used AI and machine learning to improve its recommendation algorithm. There is so much content on the platform, it can be overwhelming for viewers. It helps that the underlying technology is there to assist them with figuring out what to watch. Of course, this is bolstered by the immense amount of viewer data that Netflix collects. The company uses AI in other ways, too. In Happy Gilmore 2, released in July 2025, the technology was used to make characters look younger. ...
Sen. Elizabeth Warren (D-MA), accompanied by Sen. Angus King (I-ME) (L), speaks as United States Northern Command and North American Aerospace Defense Command (USNORTHCOM) Commander Gen. Gregory Guillot, Principal Deputy Assistant Secretary of Defense for Homeland Defense and Americas Security Affairs Mark Ditlevson, and Department of War Principal Deputy General Counsel Charles Young III, appear ...
Sen. Elizabeth Warren (D-MA), accompanied by Sen. Angus King (I-ME) (L), speaks as United States Northern Command and North American Aerospace Defense Command (USNORTHCOM) Commander Gen. Gregory Guillot, Principal Deputy Assistant Secretary of Defense for Homeland Defense and Americas Security Affairs Mark Ditlevson, and Department of War Principal Deputy General Counsel Charles Young III, appear at a Senate Committee on Armed Services hearing on Capitol Hill on Dec. 11, 2025 in Washington, DC. Andrew Harnik | Getty Images Sen. Elizabeth Warren on Thursday questioned why the U.S. Transportation Command and the State Department were not doing more to get stranded American citizens out of the Middle East amid the war with Iran . There may still be tens of thousands of U.S . citizens stuck in the region, and the Trump administration has been too slow to act as violence spilled out of Iran into surrounding countries, the Massachusetts Democrat said at a Senate Armed Services Committee hearing. "Let's be clear, the Trump administration chose this war. They planned this war for months, and they made no plans to safeguard hundreds of thousands of Americans in the region. There is no excuse for this," Warren said. Americans reported feeling stranded in the region in the days immediately after war broke out. A State Department warning for U.S. citizens to "DEPART NOW" to Americans in 14 countries set off a scramble, with some saying they were left to fend for themselves. Amid the criticism, the State Department said last week they were ramping up flights for American to get out of the region. Read more CNBC politics coverage Housing affordability bill clears Senate as investor ban creates headaches Fed chair pick Kevin Warsh meets with more senators as Thom Tillis blockade continues Trump-backed SAVE America Act will get a Senate vote next week, Thune says While President Donald Trump suggested earlier this week the war would end "very soon," there is no immediate end in sig...
Key Points Engle Capital bought 559,000 shares of Legence in the fourth quarter. The quarter-end position value increased by $24.06 million as a result. Legence enters Engle’s portfolio with a stake size that makes up 9.28% of the firm’s U.S. equity holdings. 10 stocks we like better than Legence › On February 17, 2026, Engle Capital Management, L.P. disclosed a new position in Legence (NASDAQ:LGN...
Key Points Engle Capital bought 559,000 shares of Legence in the fourth quarter. The quarter-end position value increased by $24.06 million as a result. Legence enters Engle’s portfolio with a stake size that makes up 9.28% of the firm’s U.S. equity holdings. 10 stocks we like better than Legence › On February 17, 2026, Engle Capital Management, L.P. disclosed a new position in Legence (NASDAQ:LGN), acquiring 559,000 shares worth $24.06 million in the fourth quarter. What happened According to a SEC filing dated February 17, 2026, Engle Capital Management initiated a new position in Legence (NASDAQ:LGN) by purchasing 559,000 shares during the fourth quarter. The value of the position at quarter’s end was $24.06 million. What else to know This was a new position for Engle, accounting for 9.28% of the fund’s 13F reportable assets as of December 31, 2025. Top holdings after the filing: NASDAQ:TLN: $28.86 million (11.1% of AUM) NYSE:TBBB: $25.04 million (9.7% of AUM) NASDAQ:LGN: $24.06 million (9.3% of AUM) NASDAQ:ROAD: $20.08 million (7.7% of AUM) NYSE:VST: $17.75 million (6.8% of AUM) As of Thursday, Legence shares were priced at $50.51, up 80% from a September IPO price of $28 per share. Company overview Metric Value Revenue (TTM) $2.36 billion Net income (TTM) ($7.5 million) Market capitalization $5.4 billion Price (as of market close February 17, 2026) $50.51 Company snapshot Legence provides engineering, installation, and maintenance services for HVAC and MEP systems, with revenue streams from both project-based and recurring maintenance contracts. The firm operates a dual-segment business model: Engineering & Consulting delivers design and management services, while Installation & Maintenance handles fabrication, installation, and ongoing system upkeep. It serves a diversified client base across data centers, semiconductors, life sciences, healthcare, education, commercial real estate, and the public sector. Legence is a leading provider of engineering and techni...
(RTTNews) - PagerDuty, Inc. (PD) on Thursday reported fourth-quarter net income of $11.02 million or $0.12 per share, compared to a net loss of $10.60 million or $0.12 per share last year. Adjusted income per share for the quarter was $0.29, compared to $0.22 last year. Revenues for the quarter were $124.79 million, compared to $121.45 million last year. For the first quarter of fiscal 2027, Pager...
(RTTNews) - PagerDuty, Inc. (PD) on Thursday reported fourth-quarter net income of $11.02 million or $0.12 per share, compared to a net loss of $10.60 million or $0.12 per share last year. Adjusted income per share for the quarter was $0.29, compared to $0.22 last year. Revenues for the quarter were $124.79 million, compared to $121.45 million last year. For the first quarter of fiscal 2027, PagerDuty currently expects total revenue of $118.0 million - $120.0 million and adjusted earnings per share of $0.23 - $0.25. For the full year 2027, PagerDuty currently expects total revenue of $488.5 million - $496.5 million and adjusted earnings per share of $1.23 - $1.28. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
"If you look at the data over time, over the lifespan of building new rockets, the data would show you that one out of two is successful. You're only successful 50% of the time. I think we're in a much better position than that," he said.
"If you look at the data over time, over the lifespan of building new rockets, the data would show you that one out of two is successful. You're only successful 50% of the time. I think we're in a much better position than that," he said.
The last 15 years have been mostly great for companies that develop cloud-based enterprise software solutions. Software companies generally benefited by transitioning from a perpetual license sales model to a subscription model. They were also able to simplify their software development because their programs would be running on remote servers rather than on local machines with a wide range of har...
The last 15 years have been mostly great for companies that develop cloud-based enterprise software solutions. Software companies generally benefited by transitioning from a perpetual license sales model to a subscription model. They were also able to simplify their software development because their programs would be running on remote servers rather than on local machines with a wide range of hardware and operating systems to support. The market rewarded the improving results of many of these businesses, but not everyone was sold on the lofty valuations of software-as-a-service (SaaS) stocks. The value investors at Harris | Oakmark felt the market was overvaluing many stocks in the sector, particularly because it was paying too little heed to the impact of stock-based compensation, which is prevalent at SaaS companies. The market also has a tendency to expect SaaS companies' revenue growth rates to be linear, ignoring the potential impacts of normal competition, argued analyst Jeremy G. Thames. But the market is starting to consider the possibility that new rivals will seriously eat into the sales of many established enterprise SaaS companies. The potential for generative artificial intelligence (AI) tools to replace existing solutions has driven down stock prices across the industry. In fact, prices have gotten so low that Harris | Oakmark now sees some buying opportunities. Two big reasons the market is overreacting The massive sell-off in software stocks over the last few months was due to the perceived threat of generative AI. Tools like Claude Code from Anthropic are enabling people without any background in software engineering to create custom applications. Anthropic extended the Claude Code agent to general workplace productivity tasks with the introduction of Claude Cowork earlier this year, posing a direct threat to several established companies. Furthermore, some see LLMs' ability to facilitate natural language interactions with software as lowering the ...
Key Points Software stocks have fallen amid fears that the companies' businesses will be disrupted by generative AI tools and services. Uncertainty about the outlook for the sector has led to earnings multiple compression. 10 stocks we like better than Salesforce › The last 15 years have been mostly great for companies that develop cloud-based enterprise software solutions. Software companies gene...
Key Points Software stocks have fallen amid fears that the companies' businesses will be disrupted by generative AI tools and services. Uncertainty about the outlook for the sector has led to earnings multiple compression. 10 stocks we like better than Salesforce › The last 15 years have been mostly great for companies that develop cloud-based enterprise software solutions. Software companies generally benefited by transitioning from a perpetual license sales model to a subscription model. They were also able to simplify their software development because their programs would be running on remote servers rather than on local machines with a wide range of hardware and operating systems to support. The market rewarded the improving results of many of these businesses, but not everyone was sold on the lofty valuations of software-as-a-service (SaaS) stocks. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The value investors at Harris | Oakmark felt the market was overvaluing many stocks in the sector, particularly because it was paying too little heed to the impact of stock-based compensation, which is prevalent at SaaS companies. The market also has a tendency to expect SaaS companies' revenue growth rates to be linear, ignoring the potential impacts of normal competition, argued analyst Jeremy G. Thames. But the market is starting to consider the possibility that new rivals will seriously eat into the sales of many established enterprise SaaS companies. The potential for generative artificial intelligence (AI) tools to replace existing solutions has driven down stock prices across the industry. In fact, prices have gotten so low that Harris | Oakmark now sees some buying opportunities. Two big reasons the market is overreacting The massive sell-off in software stocks over the last few months was du...
What happened According to its SEC filing dated February 17, 2026, Engineers Gate Manager LP increased its position in Agree Realty (ADC 0.26%) by 1,144,617 shares. The fund’s ADC quarter-end value is $85.16 million, reflecting both buying activity and price appreciation. What else to know The fund’s ADC position now represents 1.01% of its 13F reportable assets under management after this buy Top...
What happened According to its SEC filing dated February 17, 2026, Engineers Gate Manager LP increased its position in Agree Realty (ADC 0.26%) by 1,144,617 shares. The fund’s ADC quarter-end value is $85.16 million, reflecting both buying activity and price appreciation. What else to know The fund’s ADC position now represents 1.01% of its 13F reportable assets under management after this buy Top holdings after the filing include: NASDAQ: QQQ: $245.53 million (2.9% of AUM) NYSEMKT: SPY: $131.77 million (1.6% of AUM) NYSE: INVH: $114.95 million (1.4% of AUM) NASDAQ: SBRA: $86.07 million (1.02% of AUM) NYSE: FR: $78.00 million (0.93% of AUM) As of February 16, 2026, ADC shares were priced at $78.08, up 13.4% over the past year, outperforming the S&P 500 by 1.60 percentage points. Company Overview Metric Value Revenue (TTM) $718.40 million Net Income (TTM) $196.46 million Dividend Yield 3.89% Price (as of market close February 13, 2026) $78.08 Company Snapshot Agree Realty is a publicly traded REIT specializing in high-quality, net-leased retail properties across the U.S. The company leverages a disciplined investment strategy to build a diversified portfolio, emphasizing long-term leases with creditworthy tenants. Agree Realty engages in the acquisition and development of net-leased retail properties, generating revenue primarily through long-term lease agreements with national and regional retail tenants. It operates as a real estate investment trust (REIT), earning income from rental payments and property appreciation, with a focus on stable, recurring cash flows. Agree Realty serves a diverse portfolio of retail tenants across the United States, targeting leading brands in essential and value-oriented retail sectors. What this transaction means for investors Agree Realty Corporation’s business model is based on owning single-tenant retail properties that are leased to national retailers through long-term net-lease agreements. In this setup, tenants usually pay mos...
Not For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, March 12, 2026 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) announces the exercise of common share purchase warrants (the “Warrants”) by 2652862 Alberta Ltd., an affiliate of Erikson National Energy Inc. (“Erikson”). Proceeds will be used to repay debt. The Wa...
Not For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, March 12, 2026 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) announces the exercise of common share purchase warrants (the “Warrants”) by 2652862 Alberta Ltd., an affiliate of Erikson National Energy Inc. (“Erikson”). Proceeds will be used to repay debt. The Warrants were issued to Erikson in 2019 in connection with a debt financing to Cavvy, then Pieridae Energy Limited. The Warrants have been exercised at a price of $0.6836 per share, for proceeds of $3.5 million in exchange for the issuance of 5,120,235 common shares. The Company has 295,975,505 common shares outstanding, following the exercise of the Warrants. ABOUT CAVVY ENERGY Cavvy Energy is an integrated Canadian upstream and midstream energy company headquartered in Calgary, Alberta. Cavvy’s objective is to create long term shareholder value through development, production, processing, and marketing of natural gas, natural gas liquids, and sulphur while providing superior service to the Company’s third-party customers through our strategic, company-owned gathering and processing infrastructure located in western Canada. Neither the TSX nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.