Crovik Media/iStock via Getty Images Note: I have covered Inseego Corp., or "Inseego" ( INSG ), previously, so investors should view this as an update to my earlier articles on the company. Last week, Inseego announced the " transformative " acquisition of Nokia's Fixed Wireless Access ("FWA") consumer premises equipment ("CPE") operations, which are doing business under the FastMile brand. The tr...
Crovik Media/iStock via Getty Images Note: I have covered Inseego Corp., or "Inseego" ( INSG ), previously, so investors should view this as an update to my earlier articles on the company. Last week, Inseego announced the " transformative " acquisition of Nokia's Fixed Wireless Access ("FWA") consumer premises equipment ("CPE") operations, which are doing business under the FastMile brand. The transaction will strengthen Inseego's position as a global wireless broadband leader with a broader portfolio spanning fixed wireless, mobile broadband, and cloud-managed connectivity for consumer and business markets, and is expected to approximately double the company's revenue, and give it a global footprint. Please note that Nokia had announced its intent to divest the business on its 2025 Capital Markets Day in November: Nokia Presentation The acquisition will double Inseego's revenue and expand the company's reach well beyond the domestic market. Company Presentation Even better, Nokia is effectively paying Inseego for taking its loss-making FWA business: Company Presentation While Nokia will receive $20 million in Inseego common stock and warrants, it agreed to make a $10 million cash investment and up to $38 million in additional cash payments to compensate Inseego for anticipated losses in the first twelve months after closing. In turn, Inseego will have to make an undisclosed amount of quarterly " engineering transition support payments " to Nokia. Should Inseego indeed manage to turn around the acquired business within twelve months and achieve a certain revenue threshold, Nokia will be entitled to 50% of the unit's Adjusted EBITDA for a period of 24 months. The transaction is expected to close in the fourth quarter, subject to certain terms and conditions. With Inseego's CEO Juho Sarvikas having spent a meaningful part of his career at Nokia (albeit not within the FWA division), one should assume that Inseego has done sufficient due diligence on the business. Howe...
DC Judge 'Apologizes' To Alleged Trump Assassin Authored by Steve Watson via Modernity.news, A federal magistrate judge in Washington, D.C., has come under fire after expressing deep concern – described by multiple outlets as an apology – over the custody conditions of Cole Tomas Allen, the 31-year-old accused of attempting to assassinate President Trump at the White House Correspondents’ Associat...
DC Judge 'Apologizes' To Alleged Trump Assassin Authored by Steve Watson via Modernity.news, A federal magistrate judge in Washington, D.C., has come under fire after expressing deep concern – described by multiple outlets as an apology – over the custody conditions of Cole Tomas Allen, the 31-year-old accused of attempting to assassinate President Trump at the White House Correspondents’ Association Dinner on April 25. The judge’s remarks, captured in court and widely circulated on X, have ignited accusations of a two-tier justice system that coddles violent attackers while everyday Americans watch their rights erode. According to reports from the emergency hearing, U.S. Magistrate Judge Zia Faruqui voiced serious worries about Allen’s placement in restrictive custody following the shooting incident. SHOCKING: D.C. U.S. Magistrate Judge Zia Faruqui *APOLOGIZED*’to alleged White House Correspondents Dinner shooter, Cole Allen, for the “treatment” he has experienced so far in custody. “The judge is very concerned about his constitutional rights, saying the defendant has… pic.twitter.com/D9uAUGwefc — RedWave Press (@RedWavePress) May 4, 2026 Fox News reported that “The judge is very concerned about his constitutional rights, saying the defendant has requested meetings with his legal team, and that has not been allowed. He’s been put in a restrictive 24-hour lockup with no windows in a padded room without an opportunity to get out for recreation.” “He has been put on su*cide watch by the Department of Corrections, and the judge was asking why,” the reporter further noted. Fox News host Larry Kudlow ripped into the development live on air, echoing the growing frustration. “The judge apologised to this guy, who would’ve sprayed the whole audience?! And killed God knows how many people? Then would’ve taken a shot at the president? We’re apologizing to this guy?! I don’t GET that!” Allen, a California man with no prior criminal record, faces charges including attempted ass...
Earnings Call Insights: ThredUp (TDUP) Q1 2026 Management View "In the first quarter, revenue grew 14.6% year-over-year to $81.7 million, while gross margin was 79.2% and adjusted EBITDA was 3.4% of revenue." (Co-Founder, CEO & Director James Reinhart) "Relative to prior quarters, we do see an incrementally discerning consumer... We've observed this mainly through average selling prices and conver...
Earnings Call Insights: ThredUp (TDUP) Q1 2026 Management View "In the first quarter, revenue grew 14.6% year-over-year to $81.7 million, while gross margin was 79.2% and adjusted EBITDA was 3.4% of revenue." (Co-Founder, CEO & Director James Reinhart) "Relative to prior quarters, we do see an incrementally discerning consumer... We've observed this mainly through average selling prices and conversion rates being slightly lower since early March. Prices are off roughly 3% and conversion rates for existing customers lower by about 5%." (CEO Reinhart) "I'm excited to share that we now have our first agentic product experience live for a segment of customers." (CEO Reinhart) "Our spend on Meta is up 100% year-over-year in Q1... Pinterest is similarly up 94%. This has reduced spend on Google." (CEO Reinhart) "Listings are up 17% year-over-year in Q1." (CEO Reinhart) "Of our total kit requests in the quarter, 48% came from sellers who were new to ThredUp. New seller kit requests grew 90% year-over-year." (CEO Reinhart) "We landed several new apparel brand partners that will be launching resale experiences with us in the coming quarters." (CEO Reinhart) "For the first quarter of 2026, GAAP net loss was $6.5 million compared to GAAP net loss of $5.2 million in the same quarter last year." (Chief Financial Officer Sean Sobers) Outlook "In the second quarter, we expect revenue in the range of $89 million to $91 million... Gross margin in the range of 78.5% to 79.5%... adjusted EBITDA of approximately 5.2% of revenue." (CFO Sobers) "For the full year of '26, we expect revenue in the range of $351.2 million to $356.2 million... raising our gross margin expectation in the range of 78.5% to 79.5%... adjusted EBITDA of approximately 6.1% of revenue." (CFO Sobers) "As a result, we are maintaining our revenue and EBITDA margin expectations for the balance of the year while flowing through our Q1 outperformance." (CFO Sobers) "As we emphasized on our last call, we continue to plan t...
Earnings Call Insights: RB Global (RBA) Q1 2026 Management View "Our execution in these areas was evident in the first quarter as our growth strategy and operating model continue to demonstrate durability with adjusted EBITDA increasing 11% on a 13% increase in GTV." (CEO & Director James Kessler) "We recently received HSR approval for the BigIron transaction... and we now expect to close the tran...
Earnings Call Insights: RB Global (RBA) Q1 2026 Management View "Our execution in these areas was evident in the first quarter as our growth strategy and operating model continue to demonstrate durability with adjusted EBITDA increasing 11% on a 13% increase in GTV." (CEO & Director James Kessler) "We recently received HSR approval for the BigIron transaction... and we now expect to close the transaction in the second quarter." (CEO & Director Kessler) "Turning to the Commercial Construction and Transportation sector... GTV up 27% year-over-year." (CEO & Director Kessler) "Turning to the Automotive sector... gross returns... continue to expand, supporting approximately 10% year-over-year growth in U.S. insurance Average Selling Prices... Unit volumes increased 1% year-over-year, marking the fifth consecutive quarter of outperformance relative to the broader market." (CEO & Director Kessler) "Last quarter, we announced an agreement in principle with one of our largest partners, and I am pleased to report that it has now been fully executed." (CEO & Director Kessler) "Total GTV increased by 13% to $4.3 billion in the first quarter" and "the service revenue take rate declined 160 basis points year-over-year to 20.7%." (Chief Financial Officer Eric Guerin) Outlook "We are raising our 2026 outlook and now expect Gross Transaction Value to grow between 6% and 9% for the full year, with Adjusted EBITDA growth of approximately 8% at the midpoint." (Chief Financial Officer Guerin) "Note that our updated guidance does not reflect any impact from BigIron." (Chief Financial Officer Guerin) "Consistent with our strategy, we remain focused on growing Adjusted EBITDA at a faster rate than service revenue, and view 2026 as a year of volume-led growth." (Chief Financial Officer Guerin) Financial Results "Automotive GTV increased by 7% in the quarter" and "CCC Intelligent Solutions estimates the total loss frequency across all categories increased by 70 basis points to 23.6% compared...
winhorse/iStock Unreleased via Getty Images Just when it seemed 2026 would finally be the year of recovery for luxury stocks, the Iran war started. Ever since early 2024, the demand for luxury products has witnessed a decline as shoppers pulled back on spending and the post-pandemic "revenge spending" faded. Hermes ( HESAY ), exposed to the ultra-wealthy clientele, successfully navigated the indus...
winhorse/iStock Unreleased via Getty Images Just when it seemed 2026 would finally be the year of recovery for luxury stocks, the Iran war started. Ever since early 2024, the demand for luxury products has witnessed a decline as shoppers pulled back on spending and the post-pandemic "revenge spending" faded. Hermes ( HESAY ), exposed to the ultra-wealthy clientele, successfully navigated the industry-wide slowdown, and its stock price remained resilient, keeping its premium over peers, with its P/E exceeding 50+ for most of the time. Until it didn't. Hermes reported Q1 2026 earnings in mid-May, disappointing investors as the conflict in the Middle East hit luxury sales. Paris-domiciled shares dropped close to 10% that day, fearing the future growth won't be enough to justify its high valuation. If you followed my research, I've looked at Hermes' business multiple times by now. I've never rated the stock as a buy due to its valuation. Simply the risk/reward never smelled right, yet I always praised the business for its unique scarcity sales strategy. Since my last coverage roughly a year ago, the stock is down 30%, and it's time to look in depth at whether the sell-off is finally an opportunity or simply a warning to tread carefully. Hermes Q1 2026 Earnings From the performance graph below, starting 1st January 2024, we can clearly see Hermes resilience. Despite the turbulence in the luxury goods industry, with particularly aspirational buyers pulling spending on hefty-price-tag items, Hermes defied the odds thanks to its exposure to less economically sensitive buyers - the ultra-rich clientele. The divergence shows Hermes' shares were in fact delivering positive returns for the past two years, while peers like LVMH ( LVMHF ) and Kering ( PPRUY ) were basically in a straight decline. 2026 changed this. Data by YCharts Hermes reported Q1 2026 earnings on April 15, with surprisingly weak sales as the war in the Middle East negatively impacted demand for luxury goods in...