Market Signal Briefing

LONDON--(BUSINESS WIRE)--Rio Tinto will today outline its strategy to deliver industry leading returns by becoming stronger, sharper and simpler, at its 2025 Capital Markets Day. Chief Executive Simon Trott and members of the executive team will detail how Rio Tinto will unlock its full potential to become the most valued metals and mining business through a strategy that starts with having the right assets in the right markets, supported by a diversified model that delivers market-leading perf.

Japan's central bank is caught in a bind as soaring government bond yields risk upending its policy normalization process.

The Bank of Japan faces a stark choice: sticking with its policy of raising rates and risking even higher yields and further slowing an already sagging economy, or holding, even cutting rates to support growth that could accelerate inflation further.

Japanese government bonds have been scaling new peaks over the past month. On Thursday, yield on the benchmark 10-year JGBs hit a high of 1.917%, surging to their strongest level since 2007. The 20-year JGB yield reached 2.936%, a level not seen since 1999, while 30-year hit a record high of 3.436%, LSEG data going back to 1999 showed.

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Japan abandoned its yield curve control program in March 2024, under which benchmark 10-year bond yields were capped at around 1%, as part of its policy normalization that also saw the country end the world's last negative interest rate regime.

Now, as the country weighs increasing rates at a time when inflation has been rising — it has stayed above the BOJ's 2% target for 43 straight months — the specter of bond yields spiking further looms large.

Anindya Banerjee, head of currency and commodities at Kotak Securities, told CNBC's "Inside India" that if the BOJ reverts back to quantitative easing and YCC to cap bond yields, the yen may also weaken and feed imported inflation, which is already a problem.

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Rising bond yields mean higher borrowing costs for Japan, further straining the country's fiscal situation. Asia's second-largest economy already boasts of the world highest debt-to-GDP ratio, standing at almost 230%, according to data from the International Monetary Fund.

Add to that a government that is poised to unleash its largest stimulus package since the pandemic to curb cost of living and prop up the struggling Japanese economy, and the concerns around Japan's ballooning debt become even more stark.

Magdalene Teo, head of fixed income research for Asia at Julius Baer, said that the new debt issuance of 11.7 trillion yen to finance Prime Minister Sanae Takaichi's supplementary budget is 1.7 times larger than that issued under her predecessor Shigeru Ishiba in 2024.

"This highlights the difficulty the government faces in balancing economic stimulus initiatives with maintaining fiscal sustainability," Teo said.

Global implications?In August 2024, an unwinding of yen-funded leveraged carry trades due to a hawkish BOJ rate hike and disappointing macro data from the U.S. saw stocks globally sell-off, with Japan's Nikkei crashing 12.4% to record its worst day since 1987.

Carry trade refers to borrowing in a currency with lower interest rates and investing in high-yielding assets, with the Japanese yen being the predominant currency funding such trades as the country's had a negative interest rates policy.

Now, rising Japanese yields have narrowed that rate differential, fueling concerns about another round of carry trade unwind and repatriation of funds into Japan. However, experts say that a repeat of the 2024 meltdown is unlikely.

"From a global perspective, the narrowing Japan–U.S. yield gap reduces the appeal of yen-funded carry trades, but we do not expect a repeat of the 2024 systemic unwind ... Instead, anticipate episodic volatility and selective deleveraging, particularly if yen strength accelerates funding costs," said Masahiko Loo, senior fixed income strategist at State Street Investment Management.

Loo attributes said structural flows driven by retail allocations from pensions funds, life insurance, and NISA [Nippon Individual Savings Account] anchor foreign holdings, making large-scale repatriation unlikely.

Justin Heng, APAC rates strategist at HSBC, concurred, saying that Japanese investors have shown little sign of repatriating funds, and have remained net buyers of foreign bonds.

From January to October 2025, they purchased 11.7 trillion yen in overseas debt, far outpacing the 4.2 trillion yen bought in all of 2024, according to HSBC. That surge has been driven mainly by trust banks and asset managers benefiting from retail inflows under the Japanese government's tax-exempt investment program.

"We expect the continued decline in hedging cost, as a result of further Fed rate cuts, will also likely encourage Japanese investors to take more foreign bond exposure," Heng said.

Tae Kim, author of "The Nvidia Way", anticipates a more powerful OpenAI model next month, arguing the scaling laws remain intact.

Q3: 2025-12-03 Earnings SummaryEPS of $0.31 beats by $0.10

 |

Revenue of

$152.16M

(9.63% Y/Y)

beats by $4.85M

nCino, Inc. (NCNO) Q3 2026 Earnings Call December 3, 2025 4:30 PM EST

Company Participants

Harrison Masters - Investor Relations Executive
Sean Desmond - CEO, President & Director
Gregory D. Orenstein - CFO & Treasurer

Conference Call Participants

Michael Infante - Morgan Stanley, Research Division
Saket Kalia - Barclays Bank PLC, Research Division
Alexander Sklar - Raymond James & Associates, Inc., Research Division
Joseph Vruwink - Robert W. Baird & Co. Incorporated, Research Division
Charles Nabhan - Stephens Inc., Research Division
Ryan Tomasello - Keefe, Bruyette, & Woods, Inc., Research Division
Adam Hotchkiss - Goldman Sachs Group, Inc., Research Division
Eleanor Smith - JPMorgan Chase & Co, Research Division
Cristopher Kennedy - William Blair & Company L.L.C., Research Division
Aaron Kimson - Citizens JMP Securities, LLC, Research Division
Kenneth Suchoski - Autonomous Research US LP
Koji Ikeda - BofA Securities, Research Division
Connor Passarella - Truist Securities, Inc., Research Division

Presentation

Operator

Good day, everyone, and welcome to nCino's Third Quarter Fiscal 2026 Earnings Call. [Operator Instructions] Please note, this conference is being recorded. Now it's my pleasure to turn the call over to the Vice President, Investor Relations, Harrison Masters. You may begin.

Harrison Masters
Investor Relations Executive

Good afternoon, and welcome to nCino's Third Quarter Fiscal 2026 Earnings Call. With me on today's call are Sean Desmond, nCino's Chief Executive Officer; and Greg Orenstein, nCino's Chief Financial Officer. During the course of this conference call, we will make forward-looking statements regarding trends, strategies and the anticipated performance of our business. These forward-looking statements are based on management's current views and expectations, entail certain assumptions made as of today's date and are subject to various risks and uncertainties described in our SEC filings and other publicly available documents, the financial services industry and global economic conditions, nCino disclaims any obligation to update or revise any forward-looking statements.

Further, on today's call, we will

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of QQQM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

BOCA RATON, Fla., Dec. 03, 2025 (GLOBE NEWSWIRE) -- Saxena White P.A. has filed a securities class action lawsuit (the “Class Action”) in the United States District Court for the Northern District of California against Cepton, Inc. (“Cepton” or the “Company”) (NASDAQ: CPTN), certain Cepton executive officers and directors, and the financial advisor to the special committee of the board (collectively, “Defendants”). The Class Action asserts claims under: (i) Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”), on behalf of public holders of Cepton common stock (the “Unaffiliated Stockholders”) as of November 15, 2024 (the “Record Date”) who were entitled to vote on the “take-private” acquisition (the “Merger”) of the Company by Koito Manufacturing Co., Ltd. (“Koito”); and (ii) Sections 10(b) and 20(a) of the Exchange Act, on behalf of all persons and entities (excluding Defendants) who sold Cepton common stock between July 29, 2024 and January 7, 2025, inclusive (the “Class Period”), including those who sold into the Merger and were damaged thereby (together with the Unaffiliated Stockholders, the “Class”).   The Class Action filed by Saxena White is captioned Yueqiang Wang, et al. v. Cepton, Inc., et al., No. 25-cv-10386 (N.D. Cal.).

The Class Action complaint expands the class period and claims asserted in a related action against Cepton and certain of its executive officers captioned: Kabula v. Cepton, Inc., et al., No. 4:25-cv-8571 (N.D. Cal. filed Oct. 7, 2025) (the “Kabula Action”). Specifically, the Class Action expands the class period pled from July 29, 2024 through January 6, 2025 in the Kabula Action, to July 29, 2024 through January 7, 2025 in the Class Action on behalf of all persons and entities that sold Cepton common stock, including those who sold into the Merger. Additionally, the Class Action asserts previously unpled claims under Sections 14(a) and 20(a) on behalf of Cepton holders entitled to vote on the Merger.  

Pursuant to the notice published on October 7, 2025 in connection with the filing of the Kabula Action, and as required by the Private Securities Litigation Reform Act of 1995 (PSLRA), investors wishing to serve as lead plaintiff are required to file a motion for appointment as lead plaintiff by no later than December 8, 2025. Saxena White’s filing of the Class Action does not alter the lead plaintiff deadline.

Based in San Jose, California, Cepton provides high-performance, mass-market lidar technologies to enhance safety and enable autonomy across the automotive and smart infrastructure markets.   As of July 2023, Koito, a Japanese automotive-lighting company, had invested $200 million in Cepton. In return, it received common and preferred shares equal to 30.1% of Cepton’s voting power. Koito also held two of the seven seats on Cepton’s Board of Directors (the “Board”).  

Before the Merger, from June 2023 through October 2023, Cepton received three inquiries from third-party companies regarding potential acquisition transactions. Notably, on October 3, 2023, a prospective acquirer—identified in the Proxy (defined herein) as “Party C”—submitted a credible proposal that the Board elected not to pursue. Yet, the Proxy provided only vague references to this credible third-party bid and failed to disclose that Party C’s proposal valued Cepton at more than twice the Merger price ultimately approved by the Unaffiliated Stockholders.  

In July 2024—only days before the Merger’s approval by the special committee charged with evaluating the transaction (the “Special Committee”)—Cepton received a new production award that internal projections estimated would generate approximately $40 million in revenue over three years. However, Defendant Jun Pei—Cepton’s President, Chief Executive Officer, and Chairman of the Board from February 2022 through the closing of the Merger—failed to disclose this award to the Board. Consequently, the fairness opinion issued by Cepton’s financial advisor, Craig-Hallum Capital Group LLC (“Craig-Hallum”), did not incorporate the value of this award into its assessment of the Merger price.  

On July 29, 2024, Cepton and Koito entered into an agreement and plan of merger. Pursuant to the Merger, Koito would acquire all of the outstanding Cepton common stock in an all-cash transaction at $3.17 per share, and, as a result, Cepton would be taken private and remain a subsidiary of Koito. Prior to the shareholder vote, Defendants issued a Preliminary Proxy Statement on September 25, 2024, an Amended Preliminary Proxy Statement on November 13, 2024, a Definitive Proxy Statement on November 21, 2024, additional definitive proxy soliciting materials (the “Definitive Proxy Statement Supplement”) on December 12, 2024 (together, the “Proxy”), and a Final Amended Definitive Proxy Statement on January 7, 2025.

The Class Action alleges that, during the Class Period, Defendants authorized the filing of materially false and misleading Proxy statements, in addition to other SEC filings, that failed to provide all material information related the Merger, in violation of the Exchange Act. Specifically, Defendants failed to disclose to investors that: (1) Cepton had received a credible third-party proposal valuing Cepton at more than double the Merger price; (2) the Board failed to explore the third-party proposal and concealed its terms when recommending that Unaffiliated Shareholders approve the Merger; (3) Defendant Pei had concealed the fact that Cepton received a new production award days before the Special Committee approved the Merger, resulting in the failure of Craig-Hallum’s fairness opinion to account for the award in its valuation of Cepton; (4) due to the foregoing, the offer of $3.17 per share as consideration for the Merger substantially shortchanged the true value of Cepton common stock; and (5) in turn, Unaffiliated Shareholders were deprived of crucial information when considering whether to vote in favor of the Merger, and Cepton shareholders sold their shares at a price materially below the true value of Cepton common stock.

The Merger was authorized and approved by a shareholder vote during the virtual special meeting held on December 20, 2024. Later, the Merger closed on January 7, 2025.   The material misstatements and omissions of material facts in the Proxy prevented Plaintiffs and other Unaffiliated Stockholders from properly evaluating the Merger and caused them to accept Merger consideration that failed to adequately value Cepton common stock. Likewise, the material misstatements and omissions of material facts in the Proxy and related SEC filings caused Cepton shareholders to sell their stock at a price that failed to adequately reflect the true value of Cepton common stock.

If you: (1) held Cepton common stock as of the Record Date and were damaged thereby, or (2) sold Cepton common stock during the Class Period, including into the Merger, and were damaged thereby, you are a member of the “Class” and may be able to seek appointment as lead plaintiff. If you wish to apply to be lead plaintiff, a motion on your behalf must be filed with the U.S. District Court for the Northern District of California no later than December 8, 2025. The lead plaintiff is a court-appointed representative for absent members of the Class. You do not need to seek appointment as lead plaintiff to share in any Class recovery in the Class Action. If you are a Class member and there is a recovery for the Class, you can share in that recovery as an absent Class member.

You may contact Marco A. Dueñas ([email protected]), a Senior Attorney at Saxena White P.A., to discuss your rights regarding the appointment of lead plaintiff or your interest in the Class Action. You also may retain counsel of your choice to represent you in the Class Action. You may obtain a copy of the Complaint and inquire about actively joining the Class Action at www.saxenawhite.com.

Saxena White P.A., with offices in Florida, New York, California, and Delaware, is a leading national law firm focused on prosecuting securities class actions and other complex litigation on behalf of injured investors. Currently serving as lead counsel in numerous securities class actions nationwide, Saxena White has recovered billions of dollars on behalf of injured investors.

CONTACT INFORMATION
Marco A. Dueñas, Esq.
[email protected]
Saxena White P.A.
10 Bank Street, Suite 882
White Plains, New York 10606
Tel.: (914) 200-3263
www.saxenawhite.com

December 04, 2025 00:00 ET

 | Source:

Nokia Oyj

Nokia partners with Bharti Airtel to unlock 5G capabilities for developers and enterprises via network APIs

Partnership enables third-party developers to leverage Airtel's pan-India network assets through Nokia’s Network as Code platform. 4 December 2025
Espoo, Finland – Nokia today announced a collaboration with Bharti Airtel to make the operator's network capabilities available to third-party developers through Nokia's Network as Code platform with developer portal. This strategic partnership will provide developers and enterprises alike access to Airtel's extensive pan-India network assets, creating new monetization opportunities and innovative use cases that will span multiple industry verticals.

Following successful trials, Airtel’s network APIs will be available on a subscription basis to an established ecosystem of developers, system integrators and enterprises using Nokia's Network as Code platform. This will enable the developer community to seamlessly build advanced solutions leveraging the Airtel network’s robust capabilities such as AI, 5G, edge computing and more.

Network APIs, which allow operators to virtualize parts of their networks and provide tailored data and features to developers, are changing the game. This technology is set to play a pivotal role in shaping the future of network capabilities while unlocking significant new revenue opportunities.

“At Airtel, we are always working toward bringing the ecosystem together to collaborate for future-ready innovations. In line with this commitment, we are happy to partner with Nokia today for network APIs and enable the ecosystem to leverage our network capabilities for automation and building secure and innovative digital services,” said Sharat Sinha, CEO, Airtel Business.

“Our partnership with Airtel represents a significant step in expanding the Network as Code ecosystem. It demonstrates our commitment to helping telecommunications providers monetize their network investments while fostering innovation in the developer community,” said Arvind Khurana, Head of Cloud and Network Services, India, Nokia

Nokia’s Network as Code platform bridges the gap between developers and networks, enabling application innovation while accelerating digital transformation. It provides developers with standardized access to network functions, without having to navigate any of the underlying network technologies. It connects multiple API ecosystems and offers operators the broadest range of network exposure options, paired with robust multi-tier API security and simplified access to network functionalities.

The global ecosystem of Nokia’s Network as Code platform has grown to more than 60 partners, including telecommunications providers, AI and data center customers, Communications Platform as a Service (CPaaS) platform providers, systems integrators and vertical independent software vendors.

Multimedia, technical information, and related news
Web Ppage: Network as Code use cases
Web Page: Network as Code developer portal
Web Page: GSMA Open Gateway Hackathon featuring Network as Code
Videos: Network as Code YouTube channel

About Nokia 

Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, powered by the innovation of Nokia Bell Labs, we’re advancing connectivity to secure a brighter world.

About Bharti Airtel
Headquartered in India, Airtel is a global communications solutions provider with over 600 million customers in 15 countries across India and Africa. The company also has its presence in Bangladesh and Sri Lanka through its associate entities. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Airtel is India’s largest integrated communications solutions provider and the second largest mobile operator in Africa. Airtel’s retail portfolio includes high-speed 4G/5G mobile, Wi-Fi (FTTH+ FWA) that promises speeds up to 1 Gbps with convergence across linear and on-demand entertainment, video streaming services, digital payments and financial services. For enterprise customers, Airtel offers a gamut of solutions that includes secure connectivity, cloud and data centre services, cyber security, IoT, and cloud-based communication. Airtel’s digital arm – Xtelify, empowers telcos globally to leverage the power of AI, data and technology to accelerate their digital transformation and drive growth. Xtelify also offers Airtel Cloud in India enabling enterprises with a sovereign, telco-grade cloud platform that guarantees secure migration, effortless scaling, lower costs and no vendor lock-ins. Within its diversified portfolio, Airtel also offers passive infrastructure services through its subsidiary Indus Tower Ltd. For more details, visit www.airtel.com

Media inquiries 
Nokia Press Office 
Email: [email protected] 
Follow us on social media 
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Belden Inc. (BDC) Goldman Sachs Industrials and Materials Conference 2025 December 3, 2025 8:40 AM EST

Company Participants

Ashish Chand - President, CEO & Director
Jeremy Parks - Senior VP of Finance & CFO

Conference Call Participants

Mark Delaney - Goldman Sachs Group, Inc., Research Division

Presentation

Mark Delaney
Goldman Sachs Group, Inc., Research Division

Great. Thank you, everybody, for joining. My name is Mark Delaney, and I lead coverage of the U.S. auto and industrial tech sector at Goldman Sachs. I'm very pleased to have Belden joining us for this session. With us from Belden, we have Ashish Chand, the President and CEO of the company; and Jeremy Parks, the CFO. I appreciate you both coming again this year.

Ashish Chand
President, CEO & Director

Thanks, Mark. Good morning, and it's always exciting to be here at this event.

Question-and-Answer Session

Mark Delaney
Goldman Sachs Group, Inc., Research Division

I thought maybe we could start talking about the evolution of the company's portfolio and there's been a shift in your time as CEO, Ashish, to be more of a solutions provider rather than just individual point products.

Maybe talk a little bit about what it means to be a solutions provider and how these solutions are driving value for your customers.

Ashish Chand
President, CEO & Director

Yes. So if you think about all our customers across verticals, they were using networks with some kind of KPI in mind, and they had an outcome they had to get to.

For example, in a power transmission and distribution company, it was about finding the fault faster if they had a fault in the network, right, or to increase productivity.

And we realized that as long as we were a component supplier, we would not really address that problem directly. But by combining hardware

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of CMRE, DAC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

LONDON--(BUSINESS WIRE)--NTT DATA, a global leader in AI, digital business and technology services, today announced the launch of four next-generation autonomous Cyber Defense Centers powered by AI technologies in Bengaluru, Hyderabad, Noida and Mumbai, with two additional centers set to open in Birmingham (UK) in Dec 2025 and Dallas (USA) by Jan 2026. These purpose-built Cyber Defense Centers reinforce NTT DATA's strategic focus on modernizing cybersecurity for the AI era. They represent a shi.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

President Trump is reportedly considering signing an executive order in the new year to accelerate the development of robots in the U.S. Such a move could boost select robotics stocks over the longer term. Technological advances in robots of various types have sped up, thanks to advances in artificial intelligence, These 10 Stocks Could Mint the Next Wave of Millionaires ›

December 03, 2025 10:40 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - December 3, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers or sellers of common stock of Cepton, Inc. (NASDAQ: CPTN) between July 29, 2024 and January 6, 2025, both dates inclusive (the "Class Period"), of the important December 8, 2025 lead plaintiff deadline.

SO WHAT: If you purchased or sold Cepton common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Cepton class action, go to https://rosenlegal.com/submit-form/?case_id=45981 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. If you wish to serve as lead plaintiff, you must move the Court no later than December 8, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements regarding Cepton's business, operations, and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) Cepton had received a credible third-party bid valuing Cepton at more than double the Koito Acquisition (Cepton's merger with Koita Manufacturing Co., Ltd.); (2) Cepton's Board of Directors failed to meaningfully explore the foregoing offer and failed to disclose its terms when recommending that Cepton's shareholders approve the Koito Acquisition; (3) consequently, Cepton's shareholders were deprived of the opportunity to meaningfully consider whether to accept or reject the Koito Acquisition; and (4) as a result, defendants' public statements were materially false and misleading at all relevant times.

To join the Cepton class action, go to https://rosenlegal.com/submit-form/?case_id=45981 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276821

Upwork Inc. (UPWK) UBS Global Technology and AI Conference 2025 December 3, 2025 4:55 PM EST

Company Participants

Josh Chen
Erica Gessert - CFO & Interim Principal Accounting Officer

Presentation

Josh Chen

Good afternoon. I'm Josh Chen, business services analyst here at UBS. Very pleased today to have Upwork join us. They are an online marketplace connecting freelancers with SMB and enterprise clients globally.

With us today from the company is Erica Gessert, CFO. And we'll have a fireside chat here. Feel free to raise your hand. You can send some questions in this iPad, and I'll pick them up as well. So -- but with that, Erica, great to have you at the conference again.

Erica Gessert
CFO & Interim Principal Accounting Officer

Thanks for having us -- thanks for having me, Josh.

Question-and-Answer Session

Josh Chen

Yes. Thanks for being here. So maybe to level set the audience about Upwork, could you start by giving a brief intro about the company and for anybody that may be less familiar and then we can dive into different topics from here.

Erica Gessert
CFO & Interim Principal Accounting Officer

Sure. Sounds good. Yes, Upwork is the world's human and AI work marketplace. We are a global marketplace that connects talent from all over the world with businesses of all sizes. We serve globally. We have over 130 job types on our platform and thousands of skills of all size companies.

Josh Chen

Great. Great. So maybe to start off with the recent return to GSV growth. So could you frame for us the GSV trajectory over the past several years? And then why it was briefly negative, but then more importantly, how you've been able to return to positive GSV growth recently?

Erica Gessert
CFO & Interim Principal Accounting Officer

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Grand Cayman, Cayman Islands, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Crown Reserve Acquisition Corp. I (the “Company”) announced today that, commencing on or about Tuesday, December 9, 2025, holders of the units sold in the Company's initial public offering may elect to separately trade the Class A ordinary shares, warrants, and rights included in the units.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

December 03, 2025 11:10 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - December 3, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Skye Bioscience, Inc. (NASDAQ: SKYE) between November 4, 2024 and October 3, 2025, both dates inclusive (the "Class Period"), of the important January 16, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Skye securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Skye class action, go to https://rosenlegal.com/submit-form/?case_id=48064 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 16, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements regarding Skye's business, operations, and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) nimacimab was less effective than defendants had led investors to believe; (2) accordingly, nimacimab's clinical, regulatory, and commercial prospects were overstated; and (3) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Skye Bioscience class action, go to https://rosenlegal.com/submit-form/?case_id=48064 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276803

Analyst’s Disclosure:I/we have a beneficial long position in the shares of AI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of CRM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Zymeworks Inc. (ZYME) Citi Annual Global Healthcare Conference 2025 December 3, 2025 3:15 PM EST

Company Participants

Kenneth Galbraith - Chairman of the Board, CEO & President

Conference Call Participants

Yigal Nochomovitz - Citigroup Inc., Research Division

Presentation

Yigal Nochomovitz
Citigroup Inc., Research Division

So it's my pleasure to have with me the CEO of Zymeworks, Ken Galbraith. Welcome. Thank you so much.

Kenneth Galbraith
Chairman of the Board, CEO & President

Thank you.

Question-and-Answer Session

Yigal Nochomovitz
Citigroup Inc., Research Division

So welcome to those in the room and those listening online. I'm Yigal Nochomovitz. I'm covering Zymeworks since the beginning, at least since the beginning as a public company, which goes back quite a number of years. And so there's been a lot of advances with your pipeline. You had some, of course, excellent data recently with your partner, Jazz, which we can briefly talk about.

But before we get to that, let's talk about the big news, which is the change in strategy or evolution in strategy, maybe is a better word, to move to this royalty-based model. So kind of talk about the evolution of that, why you decided to do that now? What are the advantages both from a financial perspective as well as from just a pipeline and a portfolio prioritization perspective as to why you decided to do that now? And we'd love to hear how you're thinking about it.

Kenneth Galbraith
Chairman of the Board, CEO & President

That's great. No, thanks for that. Now I know how we're going to fill up 40 minutes of time. No, yes. I mean I wouldn't call it really a pivot or something drastic. I think we always thought back in 2022 when we started to make decisions about what we need to do at Zymeworks to turn it from a great

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December 03, 2025 9:30 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - December 3, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Avantor, Inc. (NYSE: AVTR) between March 5, 2024 and October 28, 2025, both dates inclusive (the "Class Period"), of the important December 29, 2025 lead plaintiff deadline.

SO WHAT: If you purchased Avantor common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Avantor class action, go to https://rosenlegal.com/submit-form/?case_id=47303 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. If you wish to serve as lead plaintiff, you must move the Court no later than December 29, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants misrepresented and/or failed to disclose that: (1) Avantor's competitive positioning was weaker than defendants had publicly represented; (2) Avantor was experiencing negative effects from increased competition; and (3) as a result, defendants' representations about Avantor's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Avantor class action, go to https://rosenlegal.com/submit-form/?case_id=47303 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276892

December 03, 2025 9:36 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - December 3, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Marex Group plc (NASDAQ: MRX) between May 16, 2024 and August 5, 2025, both dates inclusive (the "Class Period"), of the important December 8, 2025 lead plaintiff deadline.

SO WHAT: If you purchased Marex securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Marex class action, go to https://rosenlegal.com/submit-form/?case_id=43100 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. If you wish to serve as lead plaintiff, you must move the Court no later than December 8, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Marex sold over-the-counter financial instruments to itself; (2) Marex had inconsistencies in its financial statements between its subsidiaries and related parties, including as to intercompany receivables and loans; (3) as a result of the foregoing, Marex's financial statements could not be relied upon; and (4) as a result of the foregoing, defendants' positive statements about Marex's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Marex class action, go to https://rosenlegal.com/submit-form/?case_id=43100 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276891

December 03, 2025 9:38 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - December 3, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Telix Pharmaceuticals Ltd. (NASDAQ: TLX) between February 21, 2025 and August 28, 2025, both dates inclusive (the "Class Period"), of the important January 9, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Telix securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Telix class action, go to https://rosenlegal.com/submit-form/?case_id=43778 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 9, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) defendants materially overstated the progress Telix had made with regard to prostate cancer therapeutic candidates; (2) defendants materially overstated the quality of Telix's supply chain and partners; and (3) as a result, defendants' statements about Telix's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Telix class action, go to https://rosenlegal.com/submit-form/?case_id=43778 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276810

Tesla stock could fall if Musk fails to get the company to reach these milestones.

It's almost the end of 2025, which means it's time for the annual corporate holiday party season, and performance reviews. Many companies conduct annual reviews for employees at the end of the calendar year, and electric carmaker Tesla (TSLA +4.17%) is no exception.

If you're looking for some negotiating power in your own pay-raise negotiations, you could point out that, on Nov. 5, 2025, Tesla shareholders approved a pay raise that gives Elon Musk, Tesla's leader and CEO, a total potential package of $1 trillion. That's a one with 12 zeroes. Hopefully, your boss will see much less extra money for you as a no-brainer in comparison.

But is the trillion-dollar Tesla headline figure accurate? Below are some details, and what it could mean for Tesla investors down the road.

Today's Change

(

4.17

%) $

17.90

Current Price

$

447.14

The details
The gist of the pay package is outlined in an SEC filing first released on Sept. 17, 2025. In a nutshell, Musk can receive nearly 424 million shares of Tesla as a dozen progressive performance milestones are met over the next decade. Meeting each of the milestones would result in Musk earning 35.2 million shares on 12 different occasions.

At the time of this writing, Tesla's share price is around $420, making the value of 424 million shares $178 billion as I write this. It's hardly peanuts, but that's well short of the $1 trillion figure. Another key detail is that Tesla's market capitalization will need to reach $8.5 trillion for milestone 12 to be met.

Using Tesla's current shares outstanding (3.5 billion) and the market cap target suggests a share price of about $2,400. That's nearly 6 times the current share price, which is extremely ambitious. (Note that 424 million shares multiplied by $2,400 gets you to over $1 trillion.)

Before I talk about the feasibility of the growth targets set out by the company and shareholders, let's review some of these performance milestones. The first is a straightforward car delivery target: Tesla must deliver 20 million vehicles. For context, in 2024, Tesla delivered 1.8 million vehicles and it has delivered an estimated 7.8 million vehicles since its founding.

The second milestone is for Tesla to achieve 10 million Full Self-Driving (FSD) subscriptions. Tesla doesn't currently say how many subscriptions it has, but one estimate is that 12% of its current fleet of 7.8 million vehicles has a subscription. This works out to 936,000 subscriptions. A tenfold increase is an aggressive growth target.

Image source: Tesla.

Milestones three and four relate to robots and robotaxis. Tesla must sell 1 million robots and have 1 million robotaxis "in operation" to meet this target. The remaining eight milestones relate to earnings before interest, taxes, depreciation, and amortization (EBITDA) targets -- a widely used measure of profits -- which means they are profitability targets for Tesla as a whole. The first target is $50 billion in EBITDA, and the peak EBITDA target is $400 billion. Total Tesla EBITDA was $11 billion over the past 12 months, so for it to jump almost fivefold to hit the low end of the target is also very ambitious.

Piece of cake, right? Well...

Snap back to reality
At this point, investors might be feeling the pull of gravity on these ambitious growth targets for Musk to get his $1 trillion payday. There's no question that Musk's pay structure aligns his interests with shareholders, but are the targets feasible? It's not clear, and one big concern is that the stock could plummet if these lofty expectations aren't met. My biggest hang-ups are that the Optimus humanoid robots (announced at the company's Artificial Intelligence Day event in 2021 and what I assume are the bots in the projections) are still being tested and are only prototypes. Robotaxis are also off to a slow start in Austin and the San Francisco Bay Area, though Musk has wildly ambitious goals for around 1,500 robotaxis in those areas by the end of 2025.

Tesla's existing electric vehicle (EV) business is more straightforward because it is firmly established and has solid growth prospects. But success is far from assured -- Chinese EVs are quite advanced and expanding rapidly in China and across the globe. BYD, Li Auto, and XPeng are growing at a much faster rate these days. And the domestic incumbents are making inroads, as evidenced by the popularity and affordability of General Motors' Chevy Equinox.

Analysts project Tesla will grow sales nearly 15% this year to $110 billion, and earnings per share will reach $2.27, for a forward price-to-earnings ratio of 185. That earnings multiple is a bit rich for my blood given the competitive climate in EVs and concern that robots and self-driving cars might not reach their commercial potential. Musk could defy gravity and reach these lofty goals, but I would not recommend betting on it.

UiPath Inc. (PATH) Q3 2026 Earnings Call December 3, 2025 5:00 PM EST

Company Participants

Allise Furlani - Senior Director of Investor Relations
Daniel Dines - Co-Founder, CEO, & Executive Chairman of the Board
Ashim Gupta - CFO & COO

Conference Call Participants

Bryan Bergin - TD Cowen, Research Division
Jacob Roberge - William Blair & Company L.L.C., Research Division
Austin Williams - Wells Fargo Securities, LLC, Research Division
Michael Steven Richards - RBC Capital Markets, Research Division
Scott Berg - Needham & Company, LLC, Research Division
Arsenije Matovic - Wolfe Research, LLC
William Kingsley Crane - Canaccord Genuity Corp., Research Division
Chirag Ved - Evercore ISI Institutional Equities, Research Division
Dominique Manansala - Truist Securities, Inc., Research Division

Presentation

Operator

Greetings, and welcome to the UiPath Third Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note that this call is being recorded.

I will now turn the conference over to your host, Allise Furlani, Vice President of Investor Relations. Thank you. You may begin.

Allise Furlani
Senior Director of Investor Relations

Good afternoon, and thank you for joining us today to review UiPath's third quarter fiscal 2026 financial results which we announced in our earnings press release issued after the close of the market today. On the call with me are Daniel Dines, Founder and Chief Executive Officer; and Ashim Gupta, Chief Operating and Financial Officer, to deliver our prepared comments and answer questions.

Our earnings press release and financial supplemental materials are posted on the UiPath's Investor Relations website. These materials include GAAP to non-GAAP reconciliations. We will be discussing non-GAAP metrics on today's call. This afternoon's call includes forward-looking statements regarding our financial guidance for the fourth quarter fiscal year 2026 and our ability to drive and accelerate future growth and operational efficiency and grow our platform product offerings and market opportunity. Actual results may differ materially from those

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