Japan’s fisheries agency said the vessel failed to comply with an order to stop. The incident comes weeks after a row between China and Japan over Taiwan Authorities in Japan have seized a Chinese fishing boat and arrested its captain in a move that is likely to inflame an ongoing diplomatic row between Tokyo and Beijing. The seizure, which occurred on Thursday about 170km from the south-western p...
Japan’s fisheries agency said the vessel failed to comply with an order to stop. The incident comes weeks after a row between China and Japan over Taiwan Authorities in Japan have seized a Chinese fishing boat and arrested its captain in a move that is likely to inflame an ongoing diplomatic row between Tokyo and Beijing. The seizure, which occurred on Thursday about 170km from the south-western port city of Nagasaki, came after the skipper refused an order to stop for an onboard inspection, according to media reports. Continue reading...
Iron ore retreated for a third day as increasing Chinese stockpiles and higher-than-expected output from Brazilian miner Vale SA added to concerns about oversupply. Inventories of the steelmaking material at Chinese ports climbed 0.5% from the week before to around 161 million tons, according to Shanghai SteelHome E-Commerce Co. Stockpiles have risen for 11 straight weeks and are nearing a record ...
Iron ore retreated for a third day as increasing Chinese stockpiles and higher-than-expected output from Brazilian miner Vale SA added to concerns about oversupply. Inventories of the steelmaking material at Chinese ports climbed 0.5% from the week before to around 161 million tons, according to Shanghai SteelHome E-Commerce Co. Stockpiles have risen for 11 straight weeks and are nearing a record high. The buildup marks a shift after years of relatively lean holdings at Chinese ports, and underscores how supply is running ahead of demand. While consumption typically slows in the runup to the Lunar New Year holidays that start next week, the elevated stockpiles also reflect an ongoing dispute between state-backed buyer China Mineral Resources Group Co. and BHP Group that’s led to restrictions on certain grades. Vale , one of the world’s biggest miners, said Friday that it produced 90.4 million tons of iron ore last quarter, ahead of analysts’ expectations, while full-year output also beat guidance and surpassed rival Rio Tinto Group. Stronger supply from Australia and Brazil — and sluggish demand in China — has been weighing on iron ore, which is down by around 7% this year. Iron ore futures fell 1.7% to $97.90 a ton in Singapore as of 12:05 p.m. local time. They were headed for a fifth weekly drop, which would be the longest losing run since June.
Earnings Call Insights: Trupanion, Inc. (TRUP) Q4 2025 Management View Margaret Tooth, President, CEO & Director, described 2025 as “a record year for the company,” emphasizing the strong Q4 close and a “solid launch pad for our next strategic plan.” The company ended the year with nearly $1 billion in subscription revenue and “approximately 15% annual subscription adjusted operating margin.” Toot...
Earnings Call Insights: Trupanion, Inc. (TRUP) Q4 2025 Management View Margaret Tooth, President, CEO & Director, described 2025 as “a record year for the company,” emphasizing the strong Q4 close and a “solid launch pad for our next strategic plan.” The company ended the year with nearly $1 billion in subscription revenue and “approximately 15% annual subscription adjusted operating margin.” Tooth stated, “Our ongoing commitment to our pricing promise and to a strong member experience has been reflected in steadily improving retention.” She noted, “Gross pet adds also accelerating throughout 2025 and ending Q4 up 8% year-on-year,” which drove subscription net pet growth of 50% in Q4 and 10% for the full year. Tooth explained, “We intentionally leaned further into new pet acquisition, reflecting our confidence that today's higher per pet margin and lifetime value profile support a more aggressive posture.” Fawwad Qureshi, Chief Financial Officer, reported, “Total revenue for the quarter was $376.9 million, up 12% year-over-year…Total subscription pets increased 5% year-over-year to over 1,096,000 pets as of December 31.” Qureshi highlighted that “subscription adjusted operating margin was 16.5%, up from 15.3% in the prior year and represents approximately 120 basis points of margin expansion.” He also said, “Net income for the quarter improved to $5.6 million or $0.13 per basic and diluted share as compared to a net income of $1.7 million or $0.04 per basic and diluted share in the prior year period.” Outlook Qureshi gave 2026 guidance, stating, “For the full year of 2026, we expect total revenue in the range of $1.55 billion to $1.582 billion. We expect subscription revenue to be between $1.117 billion and $1.137 billion, representing approximately 14% year-over-year growth at the midpoint.” He projected “total adjusted operating income to be in the range of $173 million to $187 million or 19% year-over-year growth at the midpoint.” For Q1 2026, “total revenue is e...
Earnings Call Insights: Sensus Healthcare (SRTS) Q4 2025 Management View Joseph Sardano, Co-Founder, Chairman & CEO, opened the call highlighting the company's "wonderful news received from CMS"—exclusive and dedicated CPT codes for SRT and IG-SRT technology, ensuring clear reimbursement for non-melanoma skin cancer treatments. Sardano emphasized, "After 16 years of relentless pursuit, these codes...
Earnings Call Insights: Sensus Healthcare (SRTS) Q4 2025 Management View Joseph Sardano, Co-Founder, Chairman & CEO, opened the call highlighting the company's "wonderful news received from CMS"—exclusive and dedicated CPT codes for SRT and IG-SRT technology, ensuring clear reimbursement for non-melanoma skin cancer treatments. Sardano emphasized, "After 16 years of relentless pursuit, these codes provide Sensus with a fresh start, a clear path forward for physicians and patients who continuously seek a noninvasive alternative to scarring and the lengthy healing times caused by surgery." Sardano reported, "We begin in 2026 with new codes, $22 million in cash on hand, 0 debt and a motivated sales force that we intend to expand during the course of Q1." He noted that the 14 units shipped in the quarter did not include any sales to their largest customer and that future growth is expected from direct sales and shared services, reducing the risk of customer concentration. The Fair Deal Agreement program ended the year with 18 active sites and 10 pending activation, with treatments up more than eightfold versus 2024 and patient numbers increasing by more than 250% during 2025. International business showed momentum with 6 systems shipped in Q4, including to China, and international sales contributing positively to margins. Michael Sardano, President and Chief Commercial Officer, explained, "Reimbursement certainty and highly attractive economics have expanded adoption pathways for SRT... Customers now have multiple ways to adopt our technology, and we are able to support Fair Deal Agreements, ownership, renting or leasing depending on practice needs." Javier Rampolla, Chief Financial Officer, stated, "Revenues for the fourth quarter of 2025 were $4.9 million compared with $3.1 million in the fourth quarter of 2024." Outlook The company expects Q1 2026 system shipments to exceed Q4 2025 levels, even without contributions from its historically largest customer. Joseph Sard...
Earnings Call Insights: Cohu, Inc. (COHU) Q4 2025 Management View Luis Müller, President and CEO, highlighted that recurring business represented about 60% of total revenue in the fourth quarter, with recurring bookings up 34% sequentially due to increased demand in service contracts, interface solutions, and handler-related spares. Müller stated, "Systems demand increased 47% quarter-over-quarter...
Earnings Call Insights: Cohu, Inc. (COHU) Q4 2025 Management View Luis Müller, President and CEO, highlighted that recurring business represented about 60% of total revenue in the fourth quarter, with recurring bookings up 34% sequentially due to increased demand in service contracts, interface solutions, and handler-related spares. Müller stated, "Systems demand increased 47% quarter-over-quarter, driven by higher equipment orders from major global customers, specifically increased activity from a leading analog and mixed signal semiconductor customer, renewed investment from a top automotive and industrial semiconductor manufacturer, strength from RF and connectivity device customers and stepped up spending from top-tier fabless computing and mobile companies." He further emphasized, "For the full year 2025, orders increased 29% year-over-year." The CEO detailed multiple design wins in Q4, including a key transition win for Cohu test interface products, a first order for a high-performance thermal configuration of the Eclipse handler for an AI device customer, and a multiunit order for a new handler targeting automotive and physical AI device tests. Müller noted, "We received a new order for HBM inspection at a customer's engineering lab supporting development activity of next-generation memory devices." CFO Jeffrey Jones reported, "For Q4 2025, revenue was in line with guidance at $122.2 million. Recurring revenue... accounted for 60% of total revenue for the quarter." He explained, "The Q4 gross margin of 40.8% was lower than guidance due to onetime inventory charges resulting from discontinuing certain product lines and consolidating offerings, which better align our engineering and support resources with customer requirements." Jones described the balance sheet impact of the convertible debt offering, saying, "Cash and investments increased by $286 million during Q4 to $484 million at year-end. This was due to the net proceeds from the convertible debt and cas...