Sign in

    Leo Carpio

    Research Analyst at Joseph Gunnar & Co.

    Leo Carpio is a Research Analyst at Joseph Gunnar & Co. LLC, providing in-depth equity research and investment insights with a particular focus on small- and mid-cap companies. He covers firms such as Capstone Holding Corp., offering detailed analysis and earning recognition for his independent, unbiased research approach. Carpio's career began as an Associate before holding the Vice President position at Caris & Co., Inc., and he joined Joseph Gunnar & Co. following that tenure. He is a FINRA-registered broker, holding all required securities licenses to conduct equity research and client advisory in the United States.

    Leo Carpio's questions to SOUNDHOUND AI (SOUN) leadership

    Leo Carpio's questions to SOUNDHOUND AI (SOUN) leadership • Q2 2025

    Question

    Leo Carpio questioned the revised 2025 guidance, asking why the Q2 revenue beat was not fully passed through and whether the outlook incorporates future acquisitions. He also asked for background on the Red Lobster contract.

    Answer

    CFO Nitesh Sharan explained the guidance reflects the lumpy nature of large enterprise deals and a prudent planning approach, confirming it is purely organic and does not include potential M&A. Regarding Red Lobster, he clarified it's an existing partner that SoundHound supported through its bankruptcy journey and is now scaling again, demonstrating AI's value for businesses in all situations.

    Ask Fintool Equity Research AI

    Leo Carpio's questions to SOUNDHOUND AI (SOUN) leadership • Q1 2025

    Question

    Leo Carpio asked whether a potential economic recession would negatively impact the restaurant business or act as a catalyst for technology adoption. He also inquired about any recent changes in the competitive landscape or observed pricing pressures.

    Answer

    CEO Keyvan Mohajer stated that SoundHound's value proposition is resilient in any economic climate, as businesses invest in innovation during good times and automation for cost savings during challenging times. He noted that their AI now also drives higher revenue through larger ticket sizes. Regarding competition, Mohajer acknowledged that more players have entered the market with the rise of GenAI, but he asserted that they lack SoundHound's maturity in technology, data, and customer integrations. He added that the growing ecosystem creates partnership opportunities, referencing a recent collaboration with Pindrop.

    Ask Fintool Equity Research AI

    Leo Carpio's questions to SOUNDHOUND AI (SOUN) leadership • Q4 2024

    Question

    Leo Carpio asked if SoundHound's platform has any missing technologies that might require future acquisitions. He also inquired about the speed at which automotive POCs can convert into full contracts and generate revenue.

    Answer

    CEO Keyvan Mohajer responded that SoundHound aims to be a one-stop shop with primarily in-house technology, but maintains a flexible partnership strategy to offer third-party solutions when preferred by customers. Regarding auto POCs, he clarified that for existing customers, deploying new features is as fast as 'a flip of a switch,' while the process is longer for new OEMs, though the new voice commerce pillar is accelerating new OEM interest.

    Ask Fintool Equity Research AI

    Leo Carpio's questions to SOUNDHOUND AI (SOUN) leadership • Q3 2024

    Question

    Leo Carpio of Joseph Gunnar asked about SoundHound's M&A appetite, potential interest in sectors like energy and retail, and plans for collaboration with major LLM companies. He also inquired about the strategy for securing contracts with the top 5 global QSR chains.

    Answer

    CFO Nitesh Sharan stated that while the company maintains a programmatic M&A capability, the immediate focus is on integrating recent acquisitions. CEO Keyvan Mohajer clarified that they already partner with companies like OpenAI and utilize an LLM-agnostic architecture. To win top QSRs, Mohajer pointed to their market leadership, the milestone of processing over 100 million calls, and the upcoming CES demonstration of a unified voice commerce ecosystem connecting their automotive and restaurant platforms.

    Ask Fintool Equity Research AI

    Leo Carpio's questions to PodcastOne (PODC) leadership

    Leo Carpio's questions to PodcastOne (PODC) leadership • Q4 2025

    Question

    Leo Carpio of Joseph Gunnar & Co. asked about the current advertising environment amid economic uncertainty, the talent acquisition landscape, the specific terms and thresholds of the Amazon Art19 deal, and the strategic rationale for launching a crypto podcasting initiative.

    Answer

    President Kit Gray reported a good advertising quarter with higher CPMs and diversified revenue streams, noting that while competition is tough, PodcastOne's engaged talent and strategic positioning are key advantages. He described the talent acquisition environment as strong, with a good pipeline of shows seeking their services. Gray detailed the Art19 deal as a three-year agreement with a tiered minimum guarantee based on impression volume, with the first tier at 90 million impressions and the next at 110 million. On the crypto initiative, Gray and Vice Chairman Steve Lehman explained it targets a passionate, loyal fan base, creating an opportunity to build a powerful new content vertical and attract a new slate of advertisers, such as Bitcoin miners.

    Ask Fintool Equity Research AI

    Leo Carpio's questions to PodcastOne (PODC) leadership • Q3 2025

    Question

    Asked about Q3 revenue drivers and the Q4 outlook, the timing of the Art19 deal's financial impact, its effect on talent acquisition, and the company's reaction to Netflix entering the video podcast space.

    Answer

    Executives attributed Q3 revenue to advertising seasonality and the success of new shows. They confirmed the financial impact of the Art19 deal will begin in the current quarter (Q4). The partnership enhances their competitive position for talent by providing better revenue forecasting. They welcomed Netflix's entry into video podcasting as a positive industry development that validates the space.

    Ask Fintool Equity Research AI

    Leo Carpio's questions to PodcastOne (PODC) leadership • Q2 2025

    Question

    Inquired about summer seasonality's effect on revenue, podcasting's potential as a reliable news source attracting ad dollars, the status of the talent and M&A pipeline, and sought clarification on the full-year revenue guidance.

    Answer

    The executive stated that while some seasonality exists, factors like iOS changes and YouTube's growth have made it a unique year. He affirmed that podcasting's long-form, intimate nature makes it a powerful medium. The talent pipeline remains robust with 100+ shows being evaluated, and the M&A funnel is even stronger. Regarding guidance, the company is confident in exceeding $51 million, with the final figure dependent on a few large, pending deals.

    Ask Fintool Equity Research AI

    Leo Carpio's questions to PodcastOne (PODC) leadership • Q2 2025

    Question

    Leo Carpio of Joseph Gunnar & Co. asked about the impact of summer seasonality on revenue, whether podcasting is becoming a more reliable news source, the current status of the talent and M&A pipelines, and sought clarification on the full-year revenue guidance.

    Answer

    President Kit Gray acknowledged summer seasonality but noted its effects were compounded by Apple's iOS download changes, which he sees as a long-term positive for advertiser confidence. He affirmed that long-form podcast interviews are becoming a powerful and trusted medium. Gray described the talent pipeline as robust with over 100 shows in evaluation and noted the M&A funnel is even stronger. Regarding guidance, he confirmed the company expects revenue of 'at least $51 million,' clarifying that reaching the higher end of a previous range depends on several large deals not yet finalized.

    Ask Fintool Equity Research AI

    Leo Carpio's questions to HeartBeam (BEAT) leadership

    Leo Carpio's questions to HeartBeam (BEAT) leadership • Q1 2025

    Question

    Leo Carpio of Joseph Gunnar & Co. asked for an update on the FDA review process for the 12-lead synthesis software and questioned how the new AccurKardia partnership enhances the company's competitive offering.

    Answer

    CEO Robert Eno reported that the FDA review is proceeding productively and without disruption, with clearance still expected by year-end. He emphasized that the AccurKardia partnership is competitively crucial, as it adds an automated rhythm assessment for routine recordings. This feature encourages frequent patient use and makes the overall product offering more complete and compelling for the target market.

    Ask Fintool Equity Research AI

    Leo Carpio's questions to HeartBeam (BEAT) leadership • Q1 2025

    Question

    Asked for an update on the FDA approval process, whether there have been any disruptions at the FDA, and how the AccurKardia partnership strengthens their competitive position and market proposition.

    Answer

    The company has not experienced any disruptions or delays from the FDA and continues to have productive discussions, expecting clearance by the end of the year. The AccurKardia partnership is crucial as it provides an automated rhythm assessment for routine, asymptomatic recordings, which fills a hole in the product offering, makes the overall package more compelling, and opens possibilities for future collaborations.

    Ask Fintool Equity Research AI

    Leo Carpio's questions to SMITH MICRO SOFTWARE (SMSI) leadership

    Leo Carpio's questions to SMITH MICRO SOFTWARE (SMSI) leadership • Q3 2024

    Question

    Inquired about the source of recent operating cost savings, the potential for future cuts, the company's current cash runway, and the average deal size for opportunities with the Competitive Carrier Association (CCA).

    Answer

    The cost savings came from Q3 actions that exceeded initial targets, with no further cuts planned for 2025. The cash position consists of the Q3-end balance of $1.5M plus approximately $6.4M from the recent capital raise. CCA deal sizes vary widely but are expected to provide a significant collective revenue increase.

    Ask Fintool Equity Research AI

    Leo Carpio's questions to SMITH MICRO SOFTWARE (SMSI) leadership • Q3 2024

    Question

    Leo Carpio inquired about the source of the incremental operating cost savings, the potential for future cuts, the company's current cash runway, and the average deal size for the Competitive Carrier Association (CCA) partnerships.

    Answer

    CEO William Smith explained that CCA member carriers range from small to having a few million subscribers, which should provide a nice collective revenue increase. He also stated that no further cost reductions are planned for 2025. CFO James Kempton noted that Q3 cost-saving actions achieved more than initially targeted and detailed the post-capital raise cash position, allowing analysts to model the runway with the reduced loss rate.

    Ask Fintool Equity Research AI