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DrM, Dr. Mueller AG (DrM) designs and manufactures filtration equipment for solid-liquid separation in the pharmaceutical industry. The company also develops vibratory mixers and single-use technologies. From its FUNDA Filter in the 1950s, DrM established itself in the field of automatic and fully enclosed filtration tanks, later developing and patenting automated filtration processes within single-use filter bags. Headquartered in Switzerland, DrM maintains subsidiaries in China, Dubai (UAE), India, Malaysia, Poland and the USA, and represented globally by licensees, representatives, sales agencies and its own sales offices. All company mixers and filters, custom-made to suit the underlying process, can be developed on an individual basis. Quality is an important aspect to the manufacturing process, which is why DrM is ISO 9001 certified for the design and manufacture of plants. DrM’s strength lies in its process experience within the filtration sector, which now extends to the pharmaceutical and biotechnology industries, with innovative decides and solutions to resolve unique process problems. Single-use filtration for pharmaceutical applications DrM develops patented automated filtration processes within single-use filter bags. The company views potential in incorporating the flexibility of the bag as a process element for tasks such as heel elimination or moving liquids over the traditional view of single-use equipment as a static device. Process intensification and scale-up There has been a rising demand in innovative cell separation technologies as the biologics industry is shifting towards more diverse batch volumes and cell concentrations cultivated in single-use facilities. Traditional technologies, such as cross-flow filters and depth filters, have large footprints, limited flow rates, and rely on high filter areas. The latter causes a high volume of extractables and leachables while being unsustainable and causing extortionate financing and running costs. DrM’s CONTIBAC single-use filter overcomes such restrictions, using a cyclic cake filtration method, which gives the product’s filter unmatched speed without decreasing filtrate quality. The cyclic operation also allows filtering of the same batch volume with a smaller filter. Using a small filter is more sustainable and significantly reduces contamination risk. Therefore, CONTIBAC is advantageous regardless of whether a batch or continuous bioreactor is employed. Cell culture bioprocessing Bioprocessing of cell cultures can be divided into three consecutive steps: fermentation, harvesting and purification. Single-use filters are optimum for cell harvesting, suited for cell densities up to 50m cells / ml. DrM’s single-use filters are complete with a multi-cycle function, enabling smaller footprints and validation and operation cost in comparison to centrifugal and depth filters. Single-use mixers for cell homogenisation Liquid batches filled into vials for injection must go through an effective mixing process. The heel must be disposed of promptly, as mixing cannot be guaranteed as the batch is processed and the tank drained. A mixing device that reduces this heel allows higher yields, reducing operating cost. FUNDAMIX single-use mixers can move large quantities of liquid without affecting sensitive proteins. Vibrations produce high degrees of random distribution at low shear effects on proteins and without baffles. Single-use portfolio As well as filters and mixers, DrM’s product portfolio includes a newly patented pinch valve with a hose size adaptable bed to guarantee uninterrupted operation for many cycles. The company also developed a control panel system to allow for efficient and automatic use of its own products, as well as those of other companies. Extended product portfolio DrM’s non-single-use products for the life sciences industry include its FUNDABAC technology targeted to companies that adhere to good manufacturing practice (GMP). STERIBAC candle filter as a unique execution of the conventional and the traditional FUNDAMIX vibromixer also make up DrM’s extensive portfolio. White Papers As the biologics industry is moving towards more diverse batch volumes and cell concentrations that are cultivated in single-use facilities, there has been a demand for innovative cell separation technologies. Press Releases Dr Mueller, a Swiss company supplying vibratory mixing solutions and filtration equipment for solid-liquid separation in the pharma industry, will be exhibiting at the World Smart Bioprocessing: Pharma 4.0 Summit next month. Dr Mueller, a leading supplier of vibratory mixing solutions and solid-liquid filtration equipment for the pharmaceutical industry, will be exhibiting at the BioProcess International (BPI) conference in Boston, Massachusetts, next month. Attendees at the conference will be able to experience our single-use, candle filtration and vibratory mixing solutions live. Modern, interactive and always up to date: With a unique range of topics, exciting focal topics and new event formats, the world's leading trade show for the process industries brings together experts, decision makers and trendsetters from all over the world. Access today's innovative scientific data, technologies and collaborations to improve efficiencies and ensure quality across all phases of bioprocessing. Over the past several decades, the single-use (SU) systems-based manufacturing of biopharmaceuticals has been directing towards more extensive batch volumes and higher cell concentrations. Products & services The filtration process of CONTIBAC® SU and FUNDABAC® SU DrM has developed the STERIBAC® candle filter as a special execution of the conventional, well-established FUNDABAC® technology specifically targeted to industries where GMP shall be followed. The mixing process of the FUNDAMIX® SUHugh Grant Has Always Played the Villain
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Pitt QB Eli Holstein carted off with leg injuryNEW HOPE, Pa., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Orchestra BioMed Holdings, Inc. (Nasdaq: OBIO, “Orchestra BioMed” or the “Company”), a biomedical company accelerating high-impact technologies to patients through risk-reward sharing partnerships, today announced that company management will present and be available for one-on-one meetings at the Piper Sandler 36 th Annual Healthcare Conference being held in New York, NY from December 3-5, 2024. Details of the presentation are shown below. Format: Fireside Chat Date: Wednesday, December 4, 2024 Time: 3:00 PM EST Webcast: https://event.webcasts.com/starthere.jsp?ei=1700018&tp_key=660c0503d6 A replay of the webcast will be available on the Events section of the Orchestra BioMed website for 90 days following the presentation. About Orchestra BioMed Orchestra BioMed (Nasdaq: OBIO) is a biomedical innovation company accelerating high-impact technologies to patients through risk-reward sharing partnerships with leading medical device companies. Orchestra BioMed’s partnership-enabled business model focuses on forging strategic collaborations with leading medical device companies to drive successful global commercialization of products it develops. Orchestra BioMed’s lead product candidate is atrioventricular interval modulation (AVIM) therapy (also known as BackBeat Cardiac Neuromodulation Therapy (CNTTM)) for the treatment of hypertension, a significant risk factor for death worldwide. Orchestra BioMed is also developing Virtue ® Sirolimus AngioInfusionTM Balloon (SAB) for the treatment of atherosclerotic artery disease, the leading cause of mortality worldwide. Orchestra BioMed has a strategic collaboration with Medtronic, one of the largest medical device companies in the world, for development and commercialization of AVIM therapy for the treatment of hypertension in pacemaker-indicated patients, and a strategic partnership with Terumo, a global leader in medical technology, for development and commercialization of Virtue SAB for the treatment of artery disease. For further information about Orchestra BioMed, please visit www.orchestrabiomed.com, and follow us on LinkedIn. References to Websites and Social Media Platforms References to information included on, or accessible through, websites and social media platforms do not constitute incorporation by reference of the information contained at or available through such websites or social media platforms, and you should not consider such information to be part of this press release. Contact : Kelsey Kirk-Ellis Orchestra BioMed 484-682-4892 Kkirkellis@orchestrabiomed.comCarnatic music is somewhat of a late entrant to archiving. Beyond a few isolated instances, books and periodicals, audio, and video records are available in plenty but very poorly stored, imperfectly curated, and most often, inaccessible. In recent years, technology has come to the rescue and has enabled archiving in various ways. We have some repositories abroad such as the Harvard and Wesleyan Universities that have done this. In India, while digitising and uploading on public platforms do happen, several questions with regard to artistes’ rights and copyrights remain unresolved. This article deals with the experience of digitisation and archiving at The Music Academy in Chennai. Digitising a repository The Music Academy in its 97 years has also served as a repository. There are firstly its own publications. Secondly, the Academy has a truly enviable library dedicated to the arts, with over 6,000 books. Thirdly, there is the recorded archive, sadly not comprehensive, but still sizeable. In an effort to make all of this more easily accessible, the Music Academy has in the past three years or so, embarked on a digitisation initiative. Progress has been slow but steady, and hopefully, in the years to come there will be a substantial, well-curated collection online, though whether for a fee or for free remains a matter of debate. Academy publications The Academy’s print collection comprises books, newspaper clips and photographs. Its annual journals and souvenirs have been published from its inception. While the former is valued for its scholarly articles and detailed reporting of the proceedings of the Academy’s annual conferences, the latter is much sought after for its musician profiles, detailed song lists and historical content – by way of snippets on the Academy’s growth and also advertisements that serve as a record of the corporate, retail and entertainment world of the past. Both of these have suffered from repeated handling, by Academy staffers, researchers and during shifts of the library across the campus. To prevent any further damage, these have been entirely digitised and made available for download on the Music Academy’s website. Rare books in the library CHENNAI, TAMIL NADU, 26/11/2024 : Music Academy TAG Digital Archive in Chennai on Tuesday. Photo: R. Ravindran | Photo Credit: Ravindran_R The KR Sundaram Aiyar Memorial Library of the Music Academy has in its vast collection several rare books. These include the oldest surviving Carnatic music book -- the Sangita Sarvartha Sara Sangrahamu of Veena Ramanuja, dating to the mid-nineteenth century. There are also several first editions of the late 19th and 20th centuries. The Academy acquired the collection of books of Sangita Kalanidhis Embar Vijayaraghavachariar, Prof P. Sambamoorthy and Dwaram Venkataswami Naidu. The collection of Vinjamuri Varadaraja Iyengar was donated by his daughter Sandhya Vinjamuri Giri to the Academy. In recent times, more donations have come in. A digitisation exercise was embarked upon with the help of the Roja Muthiah Research Library and around 300 rare books were identified for it. These are now available for research in-house in electronic form, thereby preventing the necessity to touch/access the originals. Photograph archive Likewise, the photograph collection of the Music Academy has over 5,000 prints. These range from a single photograph of the 1927 conference to several of those in the 1980s. All of these have been digitised and labelled, with as many of the people present as possible being identified. The focus is now to retrieve photographs from the 1990s, which are in CD format and transfer them to cloud storage and catalogue them. The digitised photos are available on request for free in low resolution format and for a payment in high resolution. In the digitisation of books and photos, the Academy has benefited hugely from the assistance provided by its consulting librarian, Mysore K. Jagadish. Seeing what has been done by the Academy, families of some musicians and scholars have come forward to share their book collection as well as in some instances memorabilia. The Academy has now worked out an acquisition policy and accepts what is in conformance to its principles. Building a music archive The archiving of music has been more challenging. The Academy has been recording concerts and academic sessions held under its auspices since the 1950s -- sporadically in the initial years and regularly since the 1980s at least. Unfortunately, storage at the Academy was quite porous and over the years, many of its records were lost – some of them are now up on YouTube, uploaded by music lovers acknowledging that these are Academy performances! Serious work on archiving began in 2008 when R.T. Chari, industrialist and noted patron, and then committee member and later vice president at the Academy, underwrote the setting up of the Music Academy-TAG archive with a listening centre as well. He also donated his collection of music. With other collections including those of G. Narasimhan of The Hindu , music stored in spools, cassettes and CDs began to be digitised. As a matter of policy the Academy focuses on concerts and events held under its auspices and avoids collections comprising branded labels. A sizeable archive has also been built up in audio and video of Academy performances since 2005. These are not available in the public domain. Digitising performances Even as the digitisation progressed, it was overtaken by technology. YouTube and other platforms proliferated and as a result, footfalls at the listening centre dwindled. Focus shifted thereafter to cataloguing and preserving music, with curation of content. Many of the spools had no details of what they contained, and those that did had many errors. A team under musician and archivist Savita Narasimhan got on with the task. With inputs from scholars such as Ritha Rajan, R.S. Jayalakshmi, Sriram Parasuram and Kanakam Devaguptapu and technical inputs from a young team comprising Harini Rangan and Lakshman, as well as Academy staffers, the work on music is more or less complete, with attention now shifting to dance. Building a platform for listening It was during the process of digitisation that the Academy got valuable help from V. Suresh, a technical expert. A full platform was built especially for the Academy archive with Entermedia, an international communication media agency. While this did help, the inherent requirements of Carnatic music and classical dance when it came to classifying, exposed limitations, and it was decided that the Academy, with help from Suresh would be better off building its own platform. A pilot was presented in the annual conference of 2023 and since then work has rapidly progressed. The institution has not yet arrived at a conclusion on how its recordings can be shared with a larger public. There are questions of copyright, etc, which need resolution. Hopefully these should be ironed out before the collection is made accessible to all. Published - November 30, 2024 03:37 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit Chennai Margazhi Season / Friday Review
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Indian manpower, skills will help build 'New Kuwait': PM ModiCircuit Breaker Growth: USD 6.05B in 2022, projected to reach USD 9.4B by 2031. 11-26-2024 08:59 PM CET | IT, New Media & Software Press release from: SkyQuest Technology Group Circuit Breaker Market Scope: Key Insights : Circuit Breaker Market size was valued at around 6.05 Billion in 2022 and is expected to rise from USD 6.36 Billion in 2023 to reach a value of USD 9.4 Billion by 2031, at a CAGR of 5.0 % during the forecast period (2024-2031). Discover Your Competitive Edge with a Free Sample Report : https://www.skyquestt.com/sample-request/circuit-breaker-market Access the full 2024 Market report for a comprehensive understanding @ https://www.skyquestt.com/report/circuit-breaker-market In-Depth Exploration of the global Circuit Breaker Market: This report offers a thorough exploration of the global Circuit Breaker market, presenting a wealth of data that has been meticulously researched and analyzed. It identifies and examines the crucial market drivers, including pricing strategies, competitive landscapes, market dynamics, and regional growth trends. By outlining how these factors impact overall market performance, the report provides invaluable insights for stakeholders looking to navigate this complex terrain. Additionally, it features comprehensive profiles of leading market players, detailing essential metrics such as production capabilities, revenue streams, market value, volume, market share, and anticipated growth rates. This report serves as a vital resource for businesses seeking to make informed decisions in a rapidly evolving market. Trends and Insights Leading to Growth Opportunities The best insights for investment decisions stem from understanding major market trends, which simplify the decision-making process for potential investors. The research strives to discover multiple growth opportunities that readers can evaluate and potentially capitalize on, armed with all relevant data. Through a comprehensive assessment of important growth factors, including pricing, production, profit margins, and the value chain, market growth can be more accurately forecast for the upcoming years. Top Firms Evaluated in the Global Circuit Breaker Market Research Report: Siemens AG (Germany) ABB Ltd. (Switzerland) Schneider Electric SE (France) Mitsubishi Electric Corporation (Japan) Eaton Corporation plc (Ireland) General Electric Company (US) Toshiba Corporation (Japan) Fuji Electric Co., Ltd. (Japan) Hitachi, Ltd. (Japan) Legrand SA (France) Littelfuse, Inc. (US) Rockwell Automation, Inc. (US) TE Connectivity Ltd. (Switzerland) Key Aspects of the Report: Market Summary: The report includes an overview of products/services, emphasizing the global Circuit Breaker market's overall size. 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It also includes projections for sales growth rates and pricing strategies for each regional market, such as: North America: United States, Canada, and Mexico Europe: Germany, France, UK, Russia, and Italy Asia-Pacific: China, Japan, Korea, India, and Southeast Asia South America: Brazil, Argentina, Colombia, etc. Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, and South Africa This in-depth research study has the capability to tackle a range of significant questions that are pivotal for understanding the market dynamics, and it specifically aims to answer the following key inquiries: How big could the global Circuit Breaker market become by the end of the forecast period? Let's explore the exciting possibilities! Will the current market leader in the global Circuit Breaker segment continue to hold its ground, or is change on the horizon? Which regions are poised to experience the most explosive growth in the Circuit Breaker market? 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To establish the important thing traits, Ask Our Experts @ https://www.skyquestt.com/speak-with-analyst/circuit-breaker-market Table of Contents Chapter 1 Industry Overview 1.1 Definition 1.2 Assumptions 1.3 Research Scope 1.4 Market Analysis by Regions 1.5 Market Size Analysis from 2023 to 2030 11.6 COVID-19 Outbreak: Medical Computer Cart Industry Impact Chapter 2 Competition by Types, Applications, and Top Regions and Countries 2.1 Market (Volume and Value) by Type 2.3 Market (Volume and Value) by Regions Chapter 3 Production Market Analysis 3.1 Worldwide Production Market Analysis 3.2 Regional Production Market Analysis Chapter 4 Medical Computer Cart Sales, Consumption, Export, Import by Regions (2023-2023) Chapter 5 North America Market Analysis Chapter 6 East Asia Market Analysis Chapter 7 Europe Market Analysis Chapter 8 South Asia Market Analysis Chapter 9 Southeast Asia Market Analysis Chapter 10 Middle East Market Analysis Chapter 11 Africa Market Analysis Chapter 12 Oceania Market Analysis Chapter 13 Latin America Market Analysis Chapter 14 Company Profiles and Key Figures in Medical Computer Cart Business Chapter 15 Market Forecast (2023-2030) Chapter 16 Conclusions Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA (+1) 351-333-4748 Email: sales@skyquestt.com About Us: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. 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Travelzoo ( NASDAQ:TZOO – Get Free Report ) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 150,400 shares, a decrease of 21.2% from the November 30th total of 190,900 shares. Based on an average daily volume of 133,500 shares, the short-interest ratio is presently 1.1 days. Currently, 2.1% of the shares of the stock are short sold. Travelzoo Price Performance Travelzoo stock opened at $19.72 on Friday. The stock has a market cap of $232.77 million, a price-to-earnings ratio of 18.43 and a beta of 1.71. The firm has a 50-day moving average of $18.64 and a two-hundred day moving average of $13.40. Travelzoo has a 1 year low of $7.12 and a 1 year high of $22.44. Travelzoo ( NASDAQ:TZOO – Get Free Report ) last announced its quarterly earnings results on Wednesday, October 23rd. The information services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. The firm had revenue of $20.10 million during the quarter, compared to analyst estimates of $21.15 million. Travelzoo had a return on equity of 210.54% and a net margin of 16.67%. During the same quarter in the previous year, the business earned $0.16 earnings per share. Research analysts expect that Travelzoo will post 1.09 earnings per share for the current year. Insider Transactions at Travelzoo In related news, CEO Holger Bartel sold 23,057 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $19.73, for a total transaction of $454,914.61. Following the completion of the transaction, the chief executive officer now directly owns 4,000 shares of the company’s stock, valued at approximately $78,920. This represents a 85.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Also, major shareholder Azzurro Capital Inc sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.02, for a total value of $150,200.00. Following the transaction, the insider now owns 4,837,696 shares of the company’s stock, valued at $72,662,193.92. This represents a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders sold a total of 265,557 shares of company stock valued at $4,672,865 over the last three months. Corporate insiders own 47.00% of the company’s stock. Institutional Trading of Travelzoo Several institutional investors and hedge funds have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. increased its position in Travelzoo by 169.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 127,186 shares of the information services provider’s stock valued at $1,533,000 after purchasing an additional 79,990 shares during the period. ClariVest Asset Management LLC boosted its stake in shares of Travelzoo by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 97,730 shares of the information services provider’s stock valued at $742,000 after purchasing an additional 2,732 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Travelzoo by 10.6% during the third quarter. Geode Capital Management LLC now owns 82,241 shares of the information services provider’s stock valued at $991,000 after purchasing an additional 7,857 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Travelzoo by 217.4% during the third quarter. Ritholtz Wealth Management now owns 34,453 shares of the information services provider’s stock valued at $415,000 after buying an additional 23,599 shares during the period. Finally, XTX Topco Ltd raised its stake in Travelzoo by 103.5% in the third quarter. XTX Topco Ltd now owns 25,274 shares of the information services provider’s stock worth $305,000 after buying an additional 12,854 shares in the last quarter. 27.39% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth Several research firms have commented on TZOO. StockNews.com lowered shares of Travelzoo from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 1st. Barrington Research lifted their price target on shares of Travelzoo from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Ascendiant Capital Markets increased their price objective on shares of Travelzoo from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Litchfield Hills Research initiated coverage on Travelzoo in a research report on Wednesday, September 4th. They set a “buy” rating and a $35.00 target price for the company. View Our Latest Analysis on Travelzoo About Travelzoo ( Get Free Report ) Travelzoo, together with its subsidiaries, operates as an Internet media company that provides travel, entertainment, and local experiences worldwide. It operates in four segments: Travelzoo North America, Travelzoo Europe, Jack's Flight Club, and New Initiatives. The company offers Travelzoo website, Travelzoo Top 20 email newsletters, Standalone email newsletters, Travelzoo Network, Travelzoo mobile applications, Jack's Flight Club website, Jack's Flight Club mobile applications, and Jack's Flight Club newsletters. Featured Stories Receive News & Ratings for Travelzoo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelzoo and related companies with MarketBeat.com's FREE daily email newsletter .SAN FRANCISCO--(BUSINESS WIRE)--Nov 26, 2024-- PagerDuty, Inc. (NYSE:PD), a leader in digital operations management, today announced financial results for the third quarter of fiscal 2025, ended October 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241126811639/en/ (Graphic: Business Wire) “PagerDuty delivered a solid quarter with revenue and non-GAAP operating income results well above third quarter guidance ranges with annual recurring revenue increasing to $483 million, growing 10% year-over-year,” said Chairperson and CEO, Jennifer Tejada. “Consistent performance over the past four quarters has led to stabilization across all business segments, and along with improving leading indicators, positions the business on a strong upward trajectory.” Third Quarter Fiscal 2025 Financial Highlights Revenue was $118.9 million, an increase of 9.4% year over year. Loss from operations was $10.3 million; operating margin was negative 8.7%. Non-GAAP operating income was $25.0 million; non-GAAP operating margin was 21.0%. Net loss per share attributable to PagerDuty, Inc. common stockholders was $0.07. Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders was $0.25. Net cash provided by operating activities was $22.1 million, with free cash flow of $19.4 million. Cash, cash equivalents, and investments were $542.2 million as of October 31, 2024. The section titled “Non-GAAP Financial Measures” below contains a description of the non-GAAP financial measures and reconciliations between GAAP and non-GAAP financial information. Third Quarter and Recent Highlights Customers with annual recurring revenue over $100 thousand grew 6% to 825 as of October 31, 2024, compared to 778 a year ago. Dollar-based net retention rate was 107% as of October 31, 2024, compared to 110% a year ago. Free and paid customers totaled more than 30,000 as of October 31, 2024, representing approximately 11% growth year over year. Total paid customers were 15,050 as of October 31, 2024, compared to 15,049 a year ago. Remaining performance obligations were $405 million as of October 31, 2024. Of this amount, the Company expects to recognize revenue of approximately $278 million, or 69%, over the next 12 months with the balance to be recognized as revenue thereafter. (1) Lands and expands include: Alphonso Inc,, CFP Energy Limited, Cloudflare, Infosys, NVIDIA Corporation, Waste Management Inc., and Zscaler. Announced Jennifer Tejada as guest speaker during the 2024 AWS re:Invent keynote. Introduced enterprise-grade, AI-powered innovations. Released Total Economic Impact Study revealing a 249% return on investment over three years using the PagerDuty Operations Cloud. Recognized as a Leader in 2024 GigaOm Radar for AIOps. Showcased PagerDuty customer - Anaplan. Recognized by Fortune's Best Workplaces as one of the top 25 companies for women in their small and medium designation. (1) Beginning in the first quarter of fiscal 2025, the Company began to include contracts with an original term of less than 12 months in this disclosure which comprised $116 million of remaining non-cancelable performance obligations as of October 31, 2024. Financial Outlook For the fourth quarter of fiscal 2025, PagerDuty currently expects: Total revenue of $118.5 million - $120.5 million, representing a growth rate of 7% - 8% year over year. Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders of $0.15 - $0.16 assuming approximately 93 million diluted shares and a non-GAAP tax rate of 23%. For the full fiscal year 2025, PagerDuty currently expects: Total revenue of $464.5 million - $466.5 million (compared to the previous guidance of $463.0 million - $467.0 million), representing a growth rate of 8% year over year. Non-GAAP net income per diluted share attributable to PagerDuty, Inc. common stockholders of $0.78 - $0.79 (up from $0.67 - $0.72) assuming approximately 95 million diluted shares and a non-GAAP tax rate of 23%. These statements are forward-looking and actual results may differ materially. Please refer to the section titled "Forward-Looking Statements" below for information on the factors that could cause our actual results to differ materially from these forward-looking statements. PagerDuty has not reconciled forward-looking net loss per share attributable to PagerDuty, Inc. common stock holders to forward-looking non-GAAP net income per share attributable to PagerDuty, Inc. common stockholders because certain items are out of PagerDuty's control or cannot be reasonably predicted. Accordingly, such reconciliation is not available without unreasonable effort. Conference Call Information PagerDuty will host a conference call and live webcast (Zoom meeting ID 975 4160 6140) for analysts and investors at 2:00 p.m. Pacific Time on November 26, 2024. For audio only, the dial-in number 1-312-626-6799 may be used. This news release with the financial results will be accessible from PagerDuty’s website at investor.pagerduty.com prior to the conference call. A live webcast of the conference call will be accessible from the PagerDuty investor relations website at investor.pagerduty.com . Supplemental Financial and Other Information Supplemental financial and other information can be accessed through PagerDuty’s investor relations website at investor.pagerduty.com . PagerDuty uses the investor relations section on its website as the means of complying with its disclosure obligations under Regulation FD. Accordingly, we recommend that investors monitor PagerDuty’s investor relations website in addition to following PagerDuty’s press releases, SEC filings, social media, including PagerDuty’s LinkedIn account ( https://www.linkedin.com/company/482819 ), X (formerly Twitter) account @pagerduty, the X account @jenntejada and Facebook page (facebook.com/pagerduty), and public conference calls and webcasts. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our future financial performance and outlook, and market positioning. Words such as “expect,” “extend,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “accelerate,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks and other factors detailed in our Annual Report on Form 10-K/A filed with the Securities and Exchange Commission (SEC) on March 18, 2024. Additional information will be made available in our Quarterly Report on Form 10-Q for the quarter ended October 31, 2024 and other filings and reports that we may file from time to time with the SEC. In particular, the following risks and uncertainties, among others, could cause results to differ materially from those expressed or implied by such forward-looking statements: the effect of unfavorable conditions in our industry or the global economy, or reductions in information technology spending on our business and results of operations; our ability to achieve and maintain future profitability; our ability to attract new customers and retain and sell additional functionality and services to our existing customers; our ability to sustain and manage our growth; our dependence on revenue from a single product; our ability to compete effectively in an increasingly competitive market; and general global market, political, economic, and business conditions. Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release. About PagerDuty, Inc. PagerDuty, Inc. (NYSE:PD) is a global leader in digital operations management, enabling customers to achieve operational efficiency at scale with the PagerDuty Operations Cloud. The PagerDuty Operations Cloud combines AIOps, Automation, Customer Service Operations and Incident Management with a powerful generative AI assistant to create a flexible, resilient and scalable platform to increase innovation velocity, grow revenue, reduce cost, and mitigate the risk of operational failure. Half of the Fortune 500 and nearly 70% of the Fortune 100 rely on PagerDuty as essential infrastructure for the modern enterprise. To learn more and try PagerDuty for free, visit www.pagerduty.com . The PagerDuty Operations Cloud The PagerDuty Operations Cloud is the platform for mission-critical, time-critical operations work in the modern enterprise. Through the power of AI and automation, it detects and diagnoses disruptive events, mobilizes the right team members to respond, and streamlines infrastructure and workflows across your digital operations. The Operations Cloud is essential infrastructure for revolutionizing digital operations to compete and win as a modern digital business. PAGERDUTY, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Revenue $ 118,946 $ 108,720 $ 346,053 $ 319,582 Cost of revenue (1) 20,268 19,705 59,691 57,474 Gross profit 98,678 89,015 286,362 262,108 Operating expenses: Research and development (1) 34,267 34,272 106,878 104,221 Sales and marketing (1) 49,272 49,630 148,737 143,155 General and administrative (1) 25,432 25,955 78,800 77,547 Total operating expenses 108,971 109,857 334,415 324,923 Loss from operations (10,293 ) (20,842 ) (48,053 ) (62,815 ) Interest income (2) 6,912 6,029 21,408 15,242 Interest expense (2,377 ) (1,454 ) (6,888 ) (4,184 ) Gain on partial extinguishment of convertible senior notes — 3,970 — 3,970 Other income (expense), net (2) 346 (834 ) 212 (960 ) Loss before (provision for) benefit from income taxes (5,412 ) (13,131 ) (33,321 ) (48,747 ) (Provision for) benefit from income taxes (715 ) 41 (1,335 ) 197 Net loss $ (6,127 ) $ (13,090 ) $ (34,656 ) $ (48,550 ) Net loss attributable to redeemable non-controlling interest (203 ) (324 ) (681 ) (1,513 ) Net loss attributable to PagerDuty, Inc. $ (5,924 ) $ (12,766 ) $ (33,975 ) $ (47,037 ) Less: Adjustment attributable to redeemable non-controlling interest 634 2,359 9,881 4,088 Net loss attributable to PagerDuty, Inc. common stockholders $ (6,558 ) $ (15,125 ) $ (43,856 ) $ (51,125 ) Weighted average shares used in calculating net loss per share, basic and diluted 91,438 93,104 92,530 92,257 Net loss per share, basic and diluted, attributable to PagerDuty, Inc. common stockholders $ (0.07 ) $ (0.16 ) $ (0.47 ) $ (0.55 ) (1) Includes stock-based compensation expense as follows: Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Cost of revenue $ 1,432 $ 1,820 $ 4,696 $ 5,860 Research and development 11,576 11,128 34,640 34,002 Sales and marketing 7,639 8,094 23,702 22,362 General and administrative 11,126 10,786 34,041 32,686 Total $ 31,773 $ 31,828 $ 97,079 $ 94,910 (2) Includes a reclassification for the three and nine months ended October 31, 2023 for a portion of other income to the interest income line item to conform to current period presentation. PAGERDUTY, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 326,440 $ 363,011 Investments 215,722 208,178 Accounts receivable, net of allowance for credit losses of $803 and $1,382 as of October 31, 2024 and January 31, 2024, respectively 75,182 100,413 Deferred contract costs, current 19,632 19,502 Prepaid expenses and other current assets 17,157 12,094 Total current assets 654,133 703,198 Property and equipment, net 19,573 17,632 Deferred contract costs, non-current 24,167 25,118 Lease right-of-use assets 2,436 3,789 Goodwill 137,401 137,401 Intangible assets, net 23,698 32,616 Other assets 5,346 5,552 Total assets $ 866,754 $ 925,306 Liabilities, redeemable non-controlling interest, and stockholders’ equity Current liabilities: Accounts payable $ 7,116 $ 6,242 Accrued expenses and other current liabilities 15,801 15,472 Accrued compensation 34,474 30,239 Deferred revenue, current 214,058 223,522 Lease liabilities, current 3,550 6,180 Convertible senior notes, net, current 57,332 — Total current liabilities 332,331 281,655 Convertible senior notes, net, non-current 392,697 448,030 Deferred revenue, non-current 2,659 4,639 Lease liabilities, non-current 6,119 6,809 Other liabilities 4,859 5,280 Total liabilities 738,665 746,413 Redeemable non-controlling interest 16,493 7,293 Stockholders' equity Common stock — — Additional paid-in capital 699,633 774,768 Accumulated other comprehensive loss (502 ) (733 ) Accumulated deficit (586,410 ) (552,435 ) Treasury stock (1,125 ) (50,000 ) Total stockholders’ equity 111,596 171,600 Total liabilities, redeemable non-controlling interest, and stockholders' equity $ 866,754 $ 925,306 PAGERDUTY, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Cash flows from operating activities: Net loss attributable to PagerDuty, Inc. common stockholders $ (6,558 ) $ (15,125 ) $ (43,856 ) $ (51,125 ) Net loss and adjustment attributable to redeemable non-controlling interest 431 2,035 9,200 2,575 Net loss (6,127 ) (13,090 ) (34,656 ) (48,550 ) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation and amortization 5,071 5,025 15,526 15,016 Amortization of deferred contract costs 5,555 5,123 16,261 15,286 Amortization of debt issuance costs 671 523 1,950 1,456 Gain on extinguishment of convertible senior notes — (3,970 ) — (3,970 ) Stock-based compensation 31,773 31,828 97,079 94,910 Non-cash lease expense 903 1,106 2,538 3,425 Other (1,387 ) (1,524 ) (3,852 ) (1,426 ) Changes in operating assets and liabilities: Accounts receivable (8,406 ) (5,420 ) 24,751 18,983 Deferred contract costs (5,311 ) (5,520 ) (15,441 ) (12,285 ) Prepaid expenses and other assets (2,217 ) (1,289 ) (5,079 ) (2,674 ) Accounts payable (176 ) (757 ) 603 (1,002 ) Accrued expenses and other liabilities (473 ) 781 (1,302 ) 767 Accrued compensation 4,823 5,706 4,002 (13,086 ) Deferred revenue (1,070 ) (119 ) (11,386 ) (12,547 ) Lease liabilities (1,556 ) (1,486 ) (4,505 ) (4,484 ) Net cash provided by operating activities 22,073 16,917 86,489 49,819 Cash flows from investing activities: Purchases of property and equipment (552 ) (245 ) (1,646 ) (1,193 ) Capitalized internal-use software costs (2,078 ) (1,441 ) (5,019 ) (3,812 ) Purchases of available-for-sale investments (54,721 ) (43,927 ) (153,121 ) (151,984 ) Proceeds from maturities of available-for-sale investments 54,250 56,500 147,827 164,064 Proceeds from sales of available-for-sale investments — — 2,237 — Purchases of non-marketable equity investments — — — (200 ) Net cash (used in) provided by investing activities (3,101 ) 10,887 (9,722 ) 6,875 Cash flows from financing activities: Proceeds from issuance of convertible senior notes, net of issuance costs — 391,543 (403 ) 391,543 Purchases of capped calls related to convertible senior notes — (55,102 ) — (55,102 ) Repurchases of convertible senior notes — (223,471 ) — (223,471 ) Investment from redeemable non-controlling interest holder — — — 1,781 Repurchases of common stock (70,310 ) (50,000 ) (97,523 ) (50,000 ) Proceeds from employee stock purchase plan — — 5,735 6,292 Proceeds from issuance of common stock upon exercise of stock options 723 973 1,527 8,390 Employee payroll taxes paid related to net share settlement of restricted stock units (8,531 ) (9,786 ) (22,659 ) (25,772 ) Net cash (used in) provided by financing activities (78,118 ) 54,157 (113,323 ) 53,661 Effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash (86 ) (177 ) (109 ) (451 ) Net change in cash, cash equivalents, and restricted cash (59,232 ) 81,784 (36,665 ) 109,904 Cash, cash equivalents, and restricted cash at beginning of period 389,234 302,139 366,667 274,019 Cash, cash equivalents, and restricted cash at end of period $ 330,002 $ 383,923 $ 330,002 $ 383,923 Non-GAAP Financial Measures This press release and the accompanying tables contain the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP research and development, non-GAAP sales and marketing, non-GAAP general and administrative, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income attributable to PagerDuty, Inc. common stockholders, non-GAAP net income per share attributable to PagerDuty, Inc. common stockholders, free cash flow, and free cash flow margin. PagerDuty believes that non-GAAP financial measures, when taken collectively, may be helpful to investors because they provide consistency and comparability with past financial performance and can assist in comparisons with other companies, some of which use similar non-GAAP financial measures to supplement their GAAP results. The non-GAAP financial information is presented for supplemental informational purposes only, should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from similarly-titled non-GAAP measures used by other companies. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in PagerDuty’s financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgment by PagerDuty’s management about which expenses and income are excluded or included in determining these non-GAAP financial measures. A reconciliation is provided below for each historical non-GAAP financial measure to the most directly comparable financial measure presented in accordance with GAAP. Specifically, PagerDuty excludes the following from its historical and prospective non-GAAP financial measures, as applicable: Stock-based compensation: PagerDuty utilizes stock-based compensation to attract and retain employees. It is principally aimed at aligning their interests with those of its stockholders and at long-term retention, rather than to address operational performance for any particular period. As a result, stock-based compensation expenses vary for reasons that are generally unrelated to financial and operational performance in any particular period. Employer taxes related to employee stock transactions: PagerDuty views the amount of employer taxes related to its employee stock transactions as an expense that is dependent on its stock price, employee exercise and other award disposition activity, and other factors that are beyond PagerDuty’s control. As a result, employer taxes related to employee stock transactions vary for reasons that are generally unrelated to financial and operational performance in any particular period. Amortization of acquired intangible assets: PagerDuty views amortization of acquired intangible assets as items arising from pre-acquisition activities determined at the time of an acquisition. While these intangible assets are evaluated for impairment regularly, amortization of the cost of purchased intangibles is an expense that is not typically affected by operations during any particular period. Acquisition-related expenses: PagerDuty views acquisition-related expenses, such as transaction costs, acquisition-related retention payments, and acquisition-related asset impairment, as events that are not necessarily reflective of operational performance during a period. In particular, PagerDuty believes the consideration of measures that exclude such expenses can assist in the comparison of operational performance in different periods which may or may not include such expenses. Amortization of debt issuance costs: The imputed interest rates of the Company's convertible senior notes (the "2025 Notes" and the "2028 Notes" or, collectively, the "Notes") was approximately 1.91% for the 2025 Notes and 2.13% for the 2028 Notes. This is a result of the debt issuance costs, which reduce the carrying value of the convertible debt instruments. The debt issuance costs are amortized as interest expense. The expense for the amortization of the debt issuance costs is a non-cash item, and we believe the exclusion of this interest expense will provide for a more useful comparison of our operational performance in different periods. Restructuring costs: PagerDuty views restructuring costs, such as employee severance-related costs and real estate impairment costs, as events that are not necessarily reflective of operational performance during a period. In particular, PagerDuty believes the consideration of measures that exclude such expenses can assist in the comparison of operational performance in different periods which may or may not include such expenses. Gains (or losses) on partial extinguishment of convertible senior notes: PagerDuty views gains (or losses) on partial extinguishment of debt as events that are not necessarily reflective of operational performance during a period. PagerDuty believes that the consideration of measures that exclude such gain (or loss) impact can assist in the comparison of operational performance in different periods which may or may not include such gains (or losses). Adjustment attributable to redeemable non-controlling interest: PagerDuty adjusts the value of redeemable non-controlling interest of its joint venture PagerDuty K.K. according to the operating agreement. PagerDuty believes this adjustment is not reflective of operational performance during a period and exclusion of such adjustments can assist in comparison of operational performance in different periods. Income tax effects and adjustments: Based on PagerDuty's financial outlook for fiscal 2025, PagerDuty is utilizing a projected non-GAAP tax rate of 23% in order to provide better consistency across the interim reporting periods by eliminating the impact of non-recurring and period specific items, which can vary in size and frequency. PagerDuty's estimated tax rate on non-GAAP income is determined annually and may be adjusted during the year to take into account events or trends that PagerDuty believes materially impact the estimated annual rate including, but not limited to, significant changes resulting from tax legislation, material changes in the geographic mix of revenue and expenses and other significant events. Non-GAAP gross profit and non-GAAP gross margin We define non-GAAP gross profit as gross profit excluding the following expenses typically included in cost of revenue: stock-based compensation expense, employer taxes related to employee stock transactions, amortization of acquired intangible assets, and restructuring costs. We define non-GAAP gross margin as non-GAAP gross profit as a percentage of revenue. Non-GAAP operating expenses We define non-GAAP operating expenses as operating expenses excluding stock-based compensation expense, employer taxes related to employee stock transactions, amortization of acquired intangible assets, acquisition-related expenses, which include transaction costs, acquisition-related retention payments, and asset impairment, and restructuring costs which are not necessarily reflective of operational performance during a given period. Non-GAAP operating income and non-GAAP operating margin We define non-GAAP operating income as loss from operations excluding stock-based compensation expense, employer taxes related to employee stock transactions, amortization of acquired intangible assets, acquisition-related expenses, which include transaction costs, acquisition-related retention payments, and asset impairment, and restructuring costs which are not necessarily reflective of operational performance during a given period. We define non-GAAP operating margin as non-GAAP operating income as a percentage of revenue. Non-GAAP net income attributable to PagerDuty, Inc. common stockholders We define non-GAAP net income attributable to PagerDuty, Inc. common stockholders as net loss attributable to PagerDuty, Inc. common stockholders excluding stock-based compensation expense, employer taxes related to employee stock transactions, amortization of debt issuance costs, amortization of acquired intangible assets, acquisition-related expenses, which include transaction costs, acquisition-related retention payments and asset impairment, restructuring costs, adjustment attributable to redeemable non-controlling interest, and income tax adjustments, which are not necessarily reflective of operational performance during a given period. Non-GAAP net income per share, basic and diluted We define non-GAAP net income per share, basic as non-GAAP net income attributable to PagerDuty, Inc. common stockholders divided by weighted average shares outstanding at the end of the reporting period. We define non-GAAP net income per share, diluted as non-GAAP net income attributable to PagerDuty, Inc. common stockholders divided by weighted average diluted shares outstanding at the end of the reporting period. Free cash flow and free cash flow margin We define free cash flow as net cash provided by operating activities, less cash used for purchases of property and equipment and capitalization of internal-use software costs. We define free cash flow margin as free cash flow as a percentage of revenue. In addition to the reasons stated above, we believe that free cash flow is useful to investors as a liquidity measure because it measures our ability to generate or use cash in excess of our capital investments in property and equipment in order to enhance the strength of our balance sheet and further invest in our business and potential strategic initiatives. A limitation of the utility of free cash flow as a measure of our liquidity is that it does not represent the total increase or decrease in our cash balance for the period. We use free cash flow in conjunction with traditional U.S. GAAP measures as part of our overall assessment of our liquidity, including the preparation of our annual operating budget and quarterly forecasts and to evaluate the effectiveness of our business strategies. There are a number of limitations related to the use of free cash flow as compared to net cash provided by operating activities, including that free cash flow includes capital expenditures, the benefits of which are realized in periods subsequent to those when expenditures are made. PagerDuty encourages investors to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate PagerDuty’s business. Please see the reconciliation tables at the end of this release for the reconciliation of non-GAAP financial measures to their most-comparable GAAP financial measures. PAGERDUTY, INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (in thousands, except percentages and per share data) (unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Non-GAAP gross profit and non-GAAP gross margin Gross profit $ 98,678 $ 89,015 $ 286,362 $ 262,108 Add: Stock-based compensation 1,432 1,820 4,696 5,860 Employer taxes related to employee stock transactions 29 21 112 138 Amortization of acquired intangible assets 2,200 2,087 6,875 6,260 Restructuring costs — — (2 ) 137 Non-GAAP gross profit $ 102,339 $ 92,943 $ 298,043 $ 274,503 Revenue $ 118,946 $ 108,720 $ 346,053 $ 319,582 Gross Margin 83.0 % 81.9 % 82.8 % 82.0 % Non-GAAP gross margin 86.0 % 85.5 % 86.1 % 85.9 % Non-GAAP operating expenses Research and development $ 34,267 $ 34,272 $ 106,878 $ 104,221 Less: Stock-based compensation 11,576 11,128 34,640 34,002 Employer taxes related to employee stock transactions 173 210 691 930 Acquisition-related expenses 227 161 750 484 Amortization of acquired intangible assets — 88 116 262 Restructuring costs — — (2 ) (5 ) Non-GAAP research and development $ 22,291 $ 22,685 $ 70,683 $ 68,548 Sales and marketing $ 49,272 $ 49,630 $ 148,737 $ 143,155 Less: Stock-based compensation 7,639 8,094 23,702 22,362 Employer taxes related to employee stock transactions 128 39 463 589 Amortization of acquired intangible assets 632 610 1,897 1,830 Restructuring costs — (1 ) (10 ) (49 ) Non-GAAP sales and marketing $ 40,873 $ 40,888 $ 122,685 $ 118,423 General and administrative $ 25,432 $ 25,955 $ 78,800 $ 77,547 Less: Stock-based compensation 11,126 10,786 34,041 32,686 Employer taxes related to employee stock transactions 122 145 463 658 Acquisition-related expenses — 530 (1 ) 530 Amortization of acquired intangible assets — 21 29 65 Restructuring costs — 133 24 1,451 Non-GAAP general and administrative $ 14,184 $ 14,340 $ 44,244 $ 42,157 Note: Certain figures may not sum due to rounding. PAGERDUTY, INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (continued) (in thousands, except percentages and per share data) (unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Non-GAAP operating income and non-GAAP operating margin Loss from operations $ (10,293 ) $ (20,842 ) $ (48,053 ) $ (62,815 ) Add: Stock-based compensation 31,773 31,828 97,079 94,910 Employer taxes related to employee stock transactions 452 415 1,729 2,315 Amortization of acquired intangible assets 2,832 2,806 8,917 8,417 Acquisition-related expenses 227 691 749 1,014 Restructuring costs — 132 10 1,534 Non-GAAP operating income $ 24,991 $ 15,030 $ 60,431 $ 45,375 Revenue $ 118,946 $ 108,720 $ 346,053 $ 319,582 Operating margin (8.7 )% (19.2 )% (13.9 )% (19.7 )% Non-GAAP operating margin 21.0 % 13.8 % 17.5 % 14.2 % Non-GAAP net income attributable to PagerDuty, Inc. common stockholders Net loss attributable to PagerDuty, Inc. common stockholders $ (6,558 ) $ (15,125 ) $ (43,856 ) $ (51,125 ) Add: Stock-based compensation 31,773 31,828 97,079 94,910 Employer taxes related to employee stock transactions 452 415 1,729 2,315 Amortization of debt issuance costs 671 523 1,950 1,456 Amortization of acquired intangible assets 2,832 2,806 8,917 8,417 Acquisition-related expenses 227 691 749 1,014 Restructuring costs — 132 10 1,534 Gain on extinguishment of convertible senior notes — (3,970 ) — (3,970 ) Adjustment attributable to redeemable non-controlling interest 634 2,359 9,881 4,088 Income tax effects and adjustments (6,310 ) (466 ) (16,402 ) (1,920 ) Non-GAAP net income attributable to PagerDuty, Inc. common stockholders $ 23,721 $ 19,193 $ 60,057 $ 56,719 Non-GAAP net income per share, basic Net loss per share, basic, attributable to PagerDuty, Inc. common stockholders $ (0.07 ) $ (0.16 ) $ (0.47 ) $ (0.55 ) Non-GAAP adjustments to net loss attributable to PagerDuty, Inc. common stockholders 0.33 0.37 1.12 1.16 Non-GAAP net income per share, basic, attributable to PagerDuty, Inc. common stockholders $ 0.26 $ 0.21 $ 0.65 $ 0.61 Non-GAAP net income per share, diluted (1) Net loss per share, diluted, attributable to PagerDuty, Inc. common stockholders $ (0.07 ) $ (0.16 ) $ (0.47 ) $ (0.55 ) Non-GAAP adjustments to net loss attributable to PagerDuty, Inc. common stockholders 0.32 0.36 1.10 1.13 Non-GAAP net income per share, diluted, attributable to PagerDuty, Inc. common stockholders $ 0.25 $ 0.20 $ 0.63 $ 0.58 Weighted-average shares used in calculating net loss per share, basic and diluted 91,438 93,104 92,530 92,257 Weighted-average shares used in calculating non-GAAP net income per share Basic 91,438 93,104 92,530 92,257 Diluted 94,036 96,235 95,549 100,834 Note: Certain figures may not sum due to rounding. (1) On October 13, 2023, the Company provided written notice to the trustee and the note holders of the 2025 Notes that it had irrevocably elected to settle the principal amount of its convertible senior notes in cash and pay or deliver, as the case may be, cash, shares of common stock or a combination of cash and shares of common stock, at the Company’s election, in respect to the remainder, if any, of the Company’s conversion obligation in excess of the aggregate principal amount of the 2025 Notes being converted. The company uses the if-converted method to calculate the non-GAAP net income per diluted share attributable to PagerDuty, Inc. related to the convertible notes due 2025 prior to the election on October 13, 2023. As such, approximately 5.8 million and 6.7 million shares related to the convertible notes due 2025 were included in the non-GAAP diluted outstanding share number for the three and nine months ended October 31, 2023, respectively, related to the period prior to the election on October 13, 2023. Similarly, for the three and nine months ended October 31, 2023, the numerator used to compute this measure was increased by $0.7 million and $2.5 million, respectively, for after-tax interest expense savings related to our convertible notes. PAGERDUTY, INC. RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (continued) (in thousands, except percentages) (unaudited) Three months ended October 31, Nine months ended October 31, 2024 2023 2024 2023 Free cash flow and free cash flow margin Net cash provided by investing activities $ 22,073 $ 16,917 $ 86,489 $ 49,819 Purchases of property and equipment (552 ) (245 ) (1,646 ) (1,193 ) Capitalization of internal-use software costs (2,078 ) (1,441 ) (5,019 ) (3,812 ) Free cash flow $ 19,443 $ 15,231 $ 79,824 $ 44,814 Net cash (used in) provided by investing activities $ (3,101 ) $ 10,887 $ (9,722 ) $ 6,875 Net cash (used in) provided by financing activities $ (78,118 ) $ 54,157 $ (113,323 ) $ 53,661 Revenue $ 118,946 $ 108,720 $ 346,053 $ 319,582 Free cash flow margin 16.3 % 14.0 % 23.1 % 14.0 % View source version on businesswire.com : https://www.businesswire.com/news/home/20241126811639/en/ CONTACT: Investor Relations Contact: Tony Righetti investor@pagerduty.comMedia Contact: Debbie O'Brien media@pagerduty.comSOURCE PagerDuty KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY ARTIFICIAL INTELLIGENCE DATA MANAGEMENT SOURCE: PagerDuty, Inc. Copyright Business Wire 2024. PUB: 11/26/2024 04:05 PM/DISC: 11/26/2024 04:05 PM http://www.businesswire.com/news/home/20241126811639/en
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Algert Global LLC lowered its holdings in American Eagle Outfitters, Inc. ( NYSE:AEO – Free Report ) by 42.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,850 shares of the apparel retailer’s stock after selling 23,316 shares during the quarter. Algert Global LLC’s holdings in American Eagle Outfitters were worth $713,000 at the end of the most recent reporting period. Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC raised its stake in American Eagle Outfitters by 417.2% in the second quarter. SG Americas Securities LLC now owns 175,576 shares of the apparel retailer’s stock worth $3,504,000 after buying an additional 141,628 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of American Eagle Outfitters in the 3rd quarter valued at $3,731,000. Victory Capital Management Inc. raised its position in shares of American Eagle Outfitters by 165.4% in the 2nd quarter. Victory Capital Management Inc. now owns 3,107,933 shares of the apparel retailer’s stock worth $62,034,000 after acquiring an additional 1,936,938 shares in the last quarter. Dupree Financial Group LLC purchased a new stake in shares of American Eagle Outfitters during the 3rd quarter worth $3,146,000. Finally, Renaissance Technologies LLC bought a new stake in American Eagle Outfitters during the second quarter valued at about $16,861,000. Hedge funds and other institutional investors own 97.33% of the company’s stock. American Eagle Outfitters Price Performance Shares of AEO opened at $19.25 on Friday. The firm has a market capitalization of $3.70 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 0.93 and a beta of 1.52. The company’s fifty day moving average price is $19.81 and its 200-day moving average price is $20.64. American Eagle Outfitters, Inc. has a 1-year low of $16.88 and a 1-year high of $26.44. American Eagle Outfitters Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Friday, October 11th were issued a $0.125 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.50 annualized dividend and a yield of 2.60%. American Eagle Outfitters’s dividend payout ratio (DPR) is presently 40.00%. Wall Street Analysts Forecast Growth A number of equities analysts have commented on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 target price on shares of American Eagle Outfitters in a report on Wednesday. Jefferies Financial Group reduced their price objective on shares of American Eagle Outfitters from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, November 12th. StockNews.com downgraded shares of American Eagle Outfitters from a “buy” rating to a “hold” rating in a research note on Monday, September 2nd. Barclays reduced their price target on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, UBS Group lowered their price objective on American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.00. View Our Latest Analysis on AEO Insider Buying and Selling at American Eagle Outfitters In related news, Director Cary D. Mcmillan sold 2,283 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $21.49, for a total transaction of $49,061.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CEO Jay L. Schottenstein sold 999,999 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $20.04, for a total transaction of $20,039,979.96. Following the completion of the sale, the chief executive officer now directly owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. The trade was a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last ninety days, insiders sold 1,050,702 shares of company stock worth $21,148,718. Company insiders own 7.30% of the company’s stock. American Eagle Outfitters Profile ( Free Report ) American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands. See Also Want to see what other hedge funds are holding AEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Eagle Outfitters, Inc. ( NYSE:AEO – Free Report ). Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter .Calmese also contributed six assists for the Cougars (10-3). Dane Erikstrup scored 15 points while shooting 6 for 7, including 3 for 4 from beyond the arc. LeJuan Watts went 7 of 10 from the field to finish with 14 points. Tytan Anderson led the Panthers (7-5) in scoring, finishing with 17 points, 10 rebounds, four assists and two steals. Leon Bond III added 17 points, seven rebounds and two steals for Northern Iowa. Ben Schwieger finished with 10 points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .
The chairman of Outdoor Advertising Practitioners Association of Oyo State (OAPAOS), Tony Rowland Awobode has called for collaboration with the Oyo State Signage and Advertisement Agency (OYSAA) to foster industry growth. Awobode, made the call when he led other executive members on a visit to the Director-General of OYSAA, Hon. Oludolapo Eso-Ajanaku. The OAPAOS boss said the agency wants to work with the government to create a clear and supportive regulatory environment that encourages innovation while ensuring ethical advertising practices. He said the visits were a significant step in strengthening our relationships with regulatory agencies and key stakeholders, reaffirming a shared vision of professionalism and mutual benefits. Rowland said the body is ready to partner with the government in promoting sustainable advertising practices that align with urban development goals. “I’m appealing to the government for stronger enforcement mechanisms to curb illegal practices and vandalism of advertising structures. “Government needs to reduce bureaucratic hurdles and foster partnerships with practitioners. This will enhance its urban appeal, attract more investments, and generate significant revenue from outdoor advertising for the benefit of Oyo State.” He disclosed; “We want to explore sponsorship opportunities for government events or initiatives, which can enhance visibility for both parties and demonstrate a commitment to community engagement and also work together on initiatives that promote innovation in advertising technology.” The body has commenced strategic advocacy visits to key stakeholders and agencies in the state with the aim of fostering industry growth, strengthening partnerships, and enhancing professionalism within the outdoor advertising sector. The body also extended its visit to the office of the Zonal Head of ARCON, Mrs Hadiza Bello, and the Commissioner of Police Oyo State. The newly-elected officials who were on the entourage were General Secretary, Engr. Abe Akinbobola; Treasurer, Adedayo Labade: PRO, Anthony Abiodun; Legal Adviser, James Igene, Assistant PRO; Asiwaju Ezra Okebisi; Assistant General Secretary, Olowa Aderemilekun. In his remarks, Ajanaku emphasised the importance of the relationship for the advancement of Oyo and its stakeholders. Additionally, Director of Operations, Mr. Niyi Lawal assured the association of further collaboration through OYSAA’s enforcement committee.
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