Sign in

    Rajiv Sharma • Unspecified

    Rajiv Sharma's questions to Universal Technical Institute Inc (UTI) leadership

    Rajiv Sharma's questions to Universal Technical Institute Inc (UTI) leadership • Q4 2024

    Question

    Rajiv Sharma of B. Riley Securities inquired about several strategic topics, including potential changes to SG&A and lobbying efforts under a new administration, plans for new program areas like nursing for Concorde, and the use of cash from the robust free cash flow guidance. He also questioned if the fiscal 2025 student start guidance was conservative given recent momentum.

    Answer

    CEO Jerome Grant and Interim CFO Christine Kline responded. Grant does not anticipate significant changes to SG&A, noting lobbying efforts may simply shift from federal to state levels. He confirmed UTI is exploring complementary programs for Concorde but has no new launches planned for 2025 beyond what was announced. He clarified the plan is to launch three campuses in 2026, with Kline adding that the FY25 CapEx of $55 million reflects the necessary lead time. Grant explained the FY25 start guidance reflects the natural maturation cycle of prior program launches.

    Ask Fintool Equity Research AI

    Rajiv Sharma's questions to American Public Education Inc (APEI) leadership

    Rajiv Sharma's questions to American Public Education Inc (APEI) leadership • Q3 2024

    Question

    Rajiv Sharma asked about the significant profitability disparity between the APUS segment and other divisions, the reasons for the increase in corporate costs, and for a specific Q4 EBITDA margin estimate for Rasmussen.

    Answer

    EVP and CFO Rick Sunderland explained that profitability differs due to distinct operating models (online vs. campus-based) and that the loss in other segments is magnified by unallocated corporate costs. He noted Rasmussen's margins are improving as guided. Sunderland attributed higher corporate costs to technology transition services and increased compensation, particularly variable comp, while also noting Graduate School USA's results are included in that segment. He declined to provide a specific Q4 Rasmussen margin but reiterated that it must be profitable enough to make the entire second half of 2024 EBITDA positive. SVP and Chief Strategy Officer Steve Somers added that the meaningful corporate expense makes other units appear less profitable than they are.

    Ask Fintool Equity Research AI

    Rajiv Sharma's questions to NAPCO Security Technologies Inc (NSSC) leadership

    Rajiv Sharma's questions to NAPCO Security Technologies Inc (NSSC) leadership • Q1 2025

    Question

    Rajiv Sharma asked for a breakdown of the intrusion and access alarm segment, noting that the non-radio portion, including Prima, appeared to be down year-over-year, and questioned the outlook for its recovery. He also requested details on the new share buyback authorization, including its size and duration.

    Answer

    President, COO, and CFO Kevin Buchel explained that the non-radio segment's decline was due to a tough comparison with the prior year's launch quarter for the Prima product. He noted that sales had stalled due to a lack of a full accessory line, which is now available, leading him to be confident that Prima sales will grow in the remaining quarters of the fiscal year. Regarding the buyback, Buchel clarified that the Board authorized an additional 1 million shares, bringing the total available for repurchase to nearly 1.4 million shares with no expiration date.

    Ask Fintool Equity Research AI

    Rajiv Sharma's questions to NAPCO Security Technologies Inc (NSSC) leadership • Q4 2024

    Question

    Rajiv Sharma of B. Riley Securities asked for a breakdown of the Intrusion & Access Alarm segment's performance, given the decline in non-radio products, and inquired about modeling this segment's growth and future expectations for service revenue.

    Answer

    Kevin Buchel, President, COO & CFO, clarified that while the company doesn't break out fire vs. non-fire radio sales, the overall radio sales decrease was driven by non-fire radios working through post-3G sunset inventory. He expects the segment to improve in fiscal 2025 due to easier comps and inventory normalization. For service revenue, he aims to maintain growth in the mid-20% range, with potential upside from new initiatives like Prima and Air Access.

    Ask Fintool Equity Research AI

    Rajiv Sharma's questions to Donnelley Financial Solutions Inc (DFIN) leadership

    Rajiv Sharma's questions to Donnelley Financial Solutions Inc (DFIN) leadership • Q3 2024

    Question

    Rajiv Sharma asked for more color on Arc Suite's expected Q4 growth, trends in software-related operating expenses, clarification on the Q3 tax impact, a reiteration of Q4 guidance, and the current transaction business cadence.

    Answer

    CFO David Gardella clarified that Arc Suite's strong Q3 growth, driven by tailored shareholder reports, is expected to continue in Q4. He stated software spending should maintain a similar run rate. He broke down the EPS impact into a ~$0.09 tax adjustment and a ~$0.08 asset write-down. He reiterated Q4 revenue guidance of $165M-$175M and confirmed the transactional environment remains soft, consistent with recent trends.

    Ask Fintool Equity Research AI

    Rajiv Sharma's questions to Lesaka Technologies Inc (LSAK) leadership

    Rajiv Sharma's questions to Lesaka Technologies Inc (LSAK) leadership • Q4 2024

    Question

    Rajiv Sharma inquired about Lesaka's M&A strategy, particularly regarding further bolt-on and transformative acquisitions, and how the company plans to fund these opportunities.

    Answer

    Executive Steven Heilbron responded, emphasizing the company's disciplined approach to maintaining a net debt to EBITDA ratio around 2x. He noted that all M&A is accretive and highlighted the support of the shareholder base, suggesting funding would not be an issue. He pointed to the recent Adumo transaction, funded with both shares and cash, as a model for future deals.

    Ask Fintool Equity Research AI