Technology
ePlus Reports Second Quarter and First Half Financial Results Fiscal Year 2025
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Second Quarter Gross Profit And Gross Margin Improved Year Over Year
Second Quarter Fiscal Year 2025
•
Net sales decreased 12.3% to $515.2 million; technology business net sales decreased 13.8% to $493.3 million; service revenues increased 46.0% to $103.7 million.
•
Technology business gross billings decreased 5.6% to $808.2 million.
•
Consolidated gross profit increased 2.5% to $148.0 million.
•
Consolidated gross margin was 28.7%, compared with 24.6% last year.
•
Net earnings decreased 4.1% to $31.3 million.
•
Adjusted EBITDA decreased 2.7% to $52.1 million.
•
Diluted earnings per share decreased 4.1% to $1.17. Non-GAAP diluted earnings per share decreased 2.9% to $1.36.
First Half Fiscal Year 2025
•
Net sales decreased 8.8% to $1,059.7 million; technology business net sales decreased 9.6% to $1,028.8 million; service revenues increased 31.3% to $181.9 million.
•
Technology business gross billings decreased 3.3% to $1,641.9 million.
•
Consolidated gross profit decreased 1.5% to $282.5 million.
•
Consolidated gross margin increased to 26.7%, compared with 24.7% last year.
•
Net earnings decreased 11.8% to $58.6 million.
•
Adjusted EBITDA decreased 11.3% to $95.3 million.
•
Diluted earnings per share decreased 12.0% to $2.19. Non-GAAP diluted earnings per share decreased 11.0% to $2.50.
HERNDON, Va., Nov. 12, 2024 /PRNewswire/ — ePlus inc. (NASDAQ: PLUS), a leading provider of technology and financing solutions, today announced financial results for the three months and six months ended September 30, 2024, the second quarter of its 2025 fiscal year.
Management Comment
“Our results in the second quarter reflect the ongoing evolution of the industry towards ratable and subscription revenue models and slower product sales, partially offset by the continued strength of our services-led approach,” said Mark Marron, president and CEO of ePlus. “Notably, we experienced a year on year increase in gross profit and gross margin on lower gross billings and net sales, driven by higher margin services revenues, which increased 46%, and strong financing revenues.
“During the quarter, we acquired Bailiwick Services, LLC, which will help us drive core to edge computing solutions for our enterprise customers. In addition, we continue to see a shift towards services and more software and subscription-based sales as a percentage of the whole, and these are often recognized ratably or on a net basis creating a net sales headwind. On the product front, artificial intelligence (AI) continues to progress, and our customers are exploring advantages to integrate AI into various aspects of their businesses.”
Mr. Marron continued, “We ended the quarter with a solid balance sheet. Our healthy cash position enabled us to fund the acquisition of Bailiwick in the quarter, with ample additional liquidity to support our capital allocation priorities as we work to deliver increased shareholder value.”
Second Quarter Fiscal Year 2025 Results
For the second quarter ended September 30, 2024, as compared to the second quarter ended September 30, 2023:
Consolidated net sales decreased 12.3% to $515.2 million, from $587.6 million.
Technology business net sales decreased 13.8% to $493.3 million, from $571.9 million as lower product sales were offset by higher service revenues. Technology business gross billings decreased 5.6% to $808.2 million from $856.5 million.
Product sales declined 22.2% to $389.6 million, from $500.9 million, due to lower demand combined with a shift in mix. Product margin was 22.9%, up from 20.9% last year due to a higher proportion of third-party maintenance, software subscriptions and services sold in the current quarter, which are recorded on a net basis.
Professional service revenues increased 61.7% from last year to $61.9 million, from $ 38.3 million, due in part to the acquisition of Bailiwick Services, LLC. Gross margins remained consistent at 41.3%.
Managed service revenues increased 27.6% to $41.8 million due to ongoing growth in these offerings, including Enhanced Maintenance Support and Cloud services. Gross profit from managed services increased 21.0% from last year due to the increase in revenues. Managed service margins declined to 29.5% from 31.1%.
Financing business segment net sales increased 39.7% to $21.9 million, from $15.7 million, primarily due to increases in transactional gains. Gross profit in the financing business segment increased $7.1 million, from $13.6 million last year to $20.7 million this year, due to the increase in net sales.
Consolidated gross profit increased 2.5% to $148.0 million, from $144.4 million. Consolidated gross margin was 28.7%, compared with last year’s gross margin of 24.6%.
Consolidated operating expenses were $105.3 million, up 5.8% from $99.5 million last year, primarily due to increases in salaries and benefits from additional headcount, as well as increases in acquisition-related expenses of $1.0 million. Our headcount at the end of the quarter was 2,323, up 446 from a year ago. The acquisition of Bailiwick Services LLC on August 19, 2024 added 441 employees, and Peak Resources on January 27, 2024 added 24 employees. Of the 446 additional employees, 328 were customer facing employees.
Consolidated operating income decreased 4.8% to $42.7 million and earnings before tax decreased 3.7% to $43.3 million. Other income was $0.6 million compared to $0.1 million last year, as higher interest income of $2.4 million was offset by foreign exchange losses of $1.8 million.
Our effective tax rate for the current quarter was 27.7%, slightly higher than the prior year quarter of 27.4%.
Net earnings decreased 4.1% to $31.3 million.
Adjusted EBITDA in the technology business declined 17.3% and increased 68.9% in the financing business segment, and when combined, resulted in consolidated adjusted EBITDA decreasing 2.7% to $52.1 million.
Diluted earnings per common share was $1.17 for the second quarter ended September 30, 2024, compared with $1.22 in the prior year quarter. Non-GAAP diluted earnings per common share was $1.36 for the second quarter ended September 30, 2024, compared with $1.40 last year.
First Half Fiscal Year 2025 Results
For the six months ended September 30, 2024, as compared to the six months ended September 30, 2023:
Consolidated net sales decreased 8.8% to $1,059.7 million, from $1,161.8 million.
Technology business net sales decreased 9.6% to $1,028.8 million, from $1,137.6 million due to lower product sales, offset by higher service revenues. Technology business gross billings decreased 3.3% to $1,641.9 million from $1,698.5 million.
Product sales decreased 15.2% to $846.9 million, from $999.1 million, due to declines in customer demand, as well as a shift in product mix. Gross profit from sales of product decreased 13.1% to $187.9 million due to lower sales combined with a shift in mix towards third-party maintenance and services, which are recorded on a net basis.
Professional service revenues increased 34.3% due in part to the acquisition of Bailiwick Services, LLC. Gross margins increased slightly to 41.4%, from 41.3% for the same period in the prior year.
Managed service revenues increased 27.8% to $82.7 million, from $64.7 million, due to ongoing growth in these offerings, including Enhanced Maintenance Support, Cloud and Service Desk services. Gross profit from managed services increased 25.9% to $25.2 million, from $20.0 million, due to the increase in revenues. Gross margins declined slightly to 30.4% from 30.9% last year.
Financing business segment net sales increased 28.0% to $30.9 million, from $24.2 million, due to higher transactional gains and portfolio earnings offset by lower post-contract earnings. Gross profit in the financing business segment increased $8.4 million primarily due to the increase in sales.
Consolidated gross profit decreased to $282.5 million from $286.6 million. Consolidated gross margin was 26.7%, compared with last year’s gross margin of 24.7%, due to higher product margins.
Operating expenses were $204.3 million, up 4.5% from $195.4 million last year, primarily due to increases in salaries and benefits as a result of increases in personnel and acquisition related amortization and expenses from the acquisition of Bailiwick Services LLC and Peak Resources.
Consolidated operating income decreased 14.3% to $78.2 million. Earnings before tax decreased 11.7% to $80.8 million. Other income was $2.7 million compared to $0.3 million last year, as higher interest income of $4.9 million was offset by foreign exchange losses of $2.3 million.
Our effective tax rate for the current year period was 27.4%, slightly higher than last year’s 27.3%.
Net earnings decreased 11.8% to $58.6 million.
Adjusted EBITDA decreased 11.3% to $95.3 million.
Diluted earnings per common share was $2.19 for the six months ended September 30, 2024, compared with $2.49 in the prior year. Non-GAAP diluted earnings per common share was $2.50 for the six months ended September 30, 2024, compared with $2.81 last year.
Balance Sheet Highlights
As of September 30, 2024, cash and cash equivalents decreased to $187.5 million from $253.0 million as of March 31, 2024, due to the acquisition of Bailiwick Services, LLC, repurchases of our common stock, and working capital needs. Inventory decreased 32.8% to $93.9 million as of September 30, 2024, compared with $139.7 million as of March 31, 2024. Total stockholders’ equity as of September 30, 2024 was $947.0 million, compared with $901.8 million as of March 31, 2024. Total shares outstanding were 26.8 million as of September 30, 2024, and 27.0 million as of March 31, 2024.
Fiscal Year Guidance
Fiscal year 2025 net sales are now expected to be similar to fiscal year 2024. The adjusted EBITDA range is now expected to be $195 million to $205 million. ePlus cannot predict with reasonable certainty and without unreasonable effort, the ultimate outcome of unusual gains and losses, the occurrence of matters creating GAAP tax impacts, fluctuations in interest expense or interest income and share-based compensation, and acquisition-related expenses. These items are uncertain, depend on various factors, and could be material to the ePlus’ results computed in accordance with GAAP. Accordingly, ePlus is unable to provide a reconciliation of GAAP net earnings to adjusted EBITDA for the full year 2025 forecast.
Summary and Outlook
“While we’ve seen some softening in enterprise demand due to prior absorption of purchases and global economic uncertainty, our outlook continues to reflect our prioritized investments in key high-growth categories such as AI, security and related software and services to drive long-term sustainable growth. Our customer relationships are strong and their feedback for our AI Ignite offering reinforces our view that clients are at the early stage of adoption for these solutions. We are well positioned to serve this emerging demand, and over the longer term, our strong balance sheet supports our ability to build on the success that we have achieved over the past several years,” concluded Mr. Marron.
Recent Corporate Developments/Recognitions
In the second quarter of its 2025 fiscal year, ePlus:
Achieved renewal of the Cisco Environmental Sustainability Specialization.Acquired Bailiwick Services, LLC.Announced Storage-as-a-Service Leveraging NetApp.
Conference Call Information
ePlus will hold a conference call and webcast at 4:30 p.m. ET on November 12, 2024:
Date:
November 12, 2024
Time:
4:30 p.m. ET
Audio Webcast (Live & Replay):
https://events.q4inc.com/attendee/569325154
Live Call:
(888) 596-4144 (toll-free/domestic)
(646) 968-2525 (international)
Archived Call:
(800) 770-2030 (toll-free/domestic)
(609) 800-9909 (international)
Conference ID:
5394845# (live call and replay)
A replay of the call will be available approximately two hours after the call through November 13, 2024. A transcript of the call will also be available on the ePlus Investor Relations website at https://www.eplus.com/investors.
About ePlus inc.
ePlus is a customer-first, services-led, and results-driven industry leader offering transformative technology solutions and services to provide the best customer outcomes. Offering a full portfolio of solutions, including artificial intelligence, security, cloud and data center, networking, and collaboration, as well as managed, consultative and professional services, ePlus works closely with organizations across many industries to successfully navigate business challenges. With a long list of industry-leading partners and more than 2,300 employees, our expertise has been honed over more than three decades, giving us specialized yet broad levels of experience and knowledge. ePlus is headquartered in Virginia, with locations in the United States, United Kingdom, Europe, and Asia‐Pacific. For more information, visit www.eplus.com, call 888-482-1122, or email info@eplus.com. Connect with ePlus on LinkedIn, X, Facebook, and Instagram.
ePlus, Where Technology Means More®.
ePlus® and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies and products mentioned herein may be the trademarks of their respective owners.
Forward-looking statements
Statements in this press release that are not historical facts may be deemed to be “forward-looking statements,” including, among other things, statements regarding the future financial performance of ePlus. Actual and anticipated future results may vary materially due to certain risks and uncertainties, including, without limitation, exposure to fluctuation in foreign currency rates, interest rates, and inflation, including as a result of national and international political instability fostering uncertainty and volatility in the global economy, which may cause increases in our costs and wages and our ability to increase prices to our customers, negative impacts to the arrangements that have pricing commitments over the term of an agreement and/or the loss of key lenders or constricting credit markets as a result of changing interest rates, which may result in adverse changes in our results of operations and financial position; significant adverse changes in, reductions in, or loss of one or more of our larger volume customers or vendors; reliance on third-parties to perform some of our service obligations to our customers, and the reliance on a small number of key vendors in our supply chain with whom we do not have long-term supply agreements, guaranteed price agreements, or assurance of stock availability; our ability to remain secure during a cybersecurity attack or other information technology (“IT”) outage, including disruptions in our, our vendors or other third party’s IT systems and data and audio communication networks; our ability to secure our own and our customers’ electronic and other confidential information, while maintaining compliance with evolving data privacy and regulatory laws and regulations and appropriately providing required notice and disclosure of cybersecurity incidents when and if necessary; ongoing remote work trends, and the increase in cybersecurity attacks that have occurred while employees work remotely and our ability to adequately train our personnel to prevent a cyber event; the possibility of a reduction of vendor incentives provided to us; our dependence on key personnel to maintain certain customer relationships, and our ability to hire, train, and retain sufficient qualified personnel by recruiting and retaining highly skilled, competent personnel, and vendor certifications; risks relating to use or capabilities of artificial intelligence (“AI”) including social and ethical risks; our ability to manage a diverse product set of solutions, including AI products and services, in highly competitive markets with a number of key vendors; changes in the IT industry and/or rapid changes in product offerings, including the proliferation of the cloud, infrastructure as a service (“IaaS”), software as a service (“SaaS”), platform as a service (“PaaS”), and AI; supply chain issues, including a shortage of IT products, may increase our costs or cause a delay in fulfilling customer orders, or increase our need for working capital, or delay completing professional services, or purchasing IT products or services needed to support our internal infrastructure or operations, resulting in an adverse impact on our financial results; our inability to identify acquisition candidates, perform sufficient due diligence prior to completing an acquisition, successfully integrate a completed acquisition, or identify an opportunity for or successfully complete a business disposition, may affect our earnings; our ability to raise capital, maintain or increase as needed our lines of credit with vendors or our floor plan facility, obtain debt for our financing transactions, or the effect of those changes on our common stock price; our ability to implement comprehensive plans for the integration of sales forces, cost containment, asset rationalization, systems integration, and other key strategies; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this press release is current as of the date of this release and ePlus undertakes no duty or obligation to update this information either as a result of new information, future events or otherwise, except as required by applicable U.S. securities law.
ePlus inc. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
September 30, 2024
March 31, 2024
ASSETS
Current assets:
Cash and cash equivalents
$187,528
$253,021
Accounts receivable—trade, net
587,998
644,616
Accounts receivable—other, net
76,102
46,884
Inventories
93,857
139,690
Financing receivables—net, current
136,357
102,600
Deferred costs
61,874
59,449
Other current assets
58,663
27,269
Total current assets
1,202,379
1,273,529
Financing receivables and operating leases—net
90,561
79,435
Deferred tax asset
5,633
5,620
Property, equipment and other assets
104,081
89,289
Goodwill
203,233
161,503
Other intangible assets—net
94,167
44,093
TOTAL ASSETS
$1,700,054
$1,653,469
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES
Current liabilities:
Accounts payable
$281,927
$315,676
Accounts payable—floor plan
115,660
105,104
Salaries and commissions payable
45,163
43,696
Deferred revenue
143,334
134,596
Non-recourse notes payable—current
28,970
23,288
Other current liabilities
34,868
34,630
Total current liabilities
649,922
656,990
Non-recourse notes payable—long-term
9,723
12,901
Other liabilities
93,412
81,799
TOTAL LIABILITIES
753,057
751,690
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Preferred stock, $0.01 per share par value; 2,000 shares
authorized; none outstanding
–
–
Common stock, $0.01 per share par value; 50,000 shares
authorized; 26,798 outstanding at September 30, 2024 and
26,952 outstanding at March 31, 2024
276
274
Additional paid-in capital
187,330
180,058
Treasury stock, at cost, 750 shares at September 30, 2024 and
447 shares at March 31, 2024
(47,461)
(23,811)
Retained earnings
801,627
742,978
Accumulated other comprehensive income—foreign currency
translation adjustment
5,225
2,280
Total Stockholders’ Equity
946,997
901,779
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
$1,700,054
$1,653,469
ePlus inc. AND SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended September 30,
Six Months Ended September 30,
2024
2023
2024
2023
Net sales
Product
$411,505
$516,609
$877,854
$1,023,265
Services
103,667
71,002
181,856
138,521
Total
515,172
587,611
1,059,710
1,161,786
Cost of sales
Product
301,436
398,234
661,593
787,138
Services
65,745
45,012
115,645
88,010
Total
367,181
443,246
777,238
875,148
Gross profit
147,991
144,365
282,472
286,638
Selling, general, and administrative
98,971
92,652
192,579
182,950
Depreciation and amortization
5,765
5,630
10,584
10,422
Interest and financing costs
537
1,220
1,122
2,071
Operating expenses
105,273
99,502
204,285
195,443
Operating income
42,718
44,863
78,187
91,195
Other income (expense), net
579
117
2,652
307
Earnings before taxes
43,297
44,980
80,839
91,502
Provision for income taxes
11,987
12,316
22,190
24,991
Net earnings
$31,310
$32,664
$58,649
$66,511
Net earnings per common share—basic
$1.18
$1.23
$2.20
$2.50
Net earnings per common share—diluted
$1.17
$1.22
$2.19
$2.49
Weighted average common shares outstanding—basic
26,567
26,624
26,604
26,588
Weighted average common shares outstanding—diluted
26,676
26,679
26,750
26,659
Technology Business
Three Months Ended September 30,
Six Months Ended September 30,
2024
2023
Change
2024
2023
Change
(in thousands)
(in thousands)
Net sales
Product
$389,613
$500,937
(22.2 %)
$846,925
$999,103
(15.2 %)
Professional services
61,900
38,270
61.7 %
99,179
73,826
34.3 %
Managed services
41,767
32,732
27.6 %
82,677
64,695
27.8 %
Total
493,280
571,939
(13.8 %)
1,028,781
1,137,624
(9.6 %)
Gross profit
Product
89,359
104,749
(14.7 %)
187,864
216,140
(13.1 %)
Professional services
25,583
15,796
62.0 %
41,038
30,520
34.5 %
Managed services
12,339
10,194
21.0 %
25,173
19,991
25.9 %
Total
127,281
130,739
(2.6 %)
254,075
266,651
(4.7 %)
Selling, general, and administrative
94,050
88,593
6.2 %
184,134
175,693
4.8 %
Depreciation and amortization
5,765
5,602
2.9 %
10,584
10,366
2.1 %
Interest and financing costs
–
661
(100.0 %)
–
1,211
(100.0 %)
Operating expenses
99,815
94,856
5.2 %
194,718
187,270
4.0 %
Operating income
$27,466
$35,883
(23.5 %)
$59,357
$79,381
(25.2) %
Gross billings
$808,229
$856,495
(5.6 %)
$1,641,937
$1,698,465
(3.3) %
Adjusted EBITDA
$36,804
$44,496
(17.3 %)
$76,305
$95,445
(20.1) %
Technology Business Gross Billings by Type
Three Months Ended September 30,
Six Months Ended September 30,
2024
2023
Change
2024
2023
Change
(in thousands)
(in thousands)
Cloud
$195,852
$200,637
(2.4 %)
$437,126
$459,561
(4.9 %)
Networking
219,797
311,671
(29.5 %)
501,325
588,316
(14.8 %)
Security
163,565
143,340
14.1 %
315,448
290,683
8.5 %
Collaboration
46,717
51,770
(9.8 %)
79,693
73,931
7.8 %
Other
72,545
78,571
(7.7 %)
117,137
148,332
(21.0 %)
Product gross billings
698,476
785,989
(11.1 %)
1,450,729
1,560,823
(7.1 %)
Service gross billings
109,752
70,506
55.7 %
191,207
137,642
38.9 %
Total gross billings
$808,228
$856,495
(5.6 %)
$1,641,936
$1,698,465
(3.5 %)
Technology Business Net Sales by Type
Three Months Ended September 30,
Six Months Ended September 30,
2024
2023
Change
2024
2023
Change
(in thousands)
(in thousands)
Cloud
$121,336
$135,068
(10.2 %)
$258,567
$307,112
(15.8 %)
Networking
186,776
268,636
(30.5 %)
421,516
513,824
(18.0 %)
Security
41,209
51,886
(20.6 %)
89,214
97,682
(8.7 %)
Collaboration
17,988
27,083
(33.6 %)
38,887
40,039
(2.9 %)
Other
22,304
18,264
22.1 %
38,741
40,446
(4.2 %)
Total product
389,613
500,937
(22.2 %)
846,925
999,103
(15.2 %)
Professional services
61,900
38,270
61.7 %
99,179
73,826
34.3 %
Managed services
41,767
32,732
27.6 %
82,677
64,695
27.8 %
Total net sales
$493,280
$571,939
(13.8 %)
$1,028,781
$1,137,624
(9.6 %)
Technology Business Net Sales by Customer End Market
Three Months Ended September 30,
Six Months Ended September 30,
2024
2023
Change
2024
2023
Change
(in thousands)
(in thousands)
Telecom, Media, & Entertainment
$108,870
$124,306
(12.4 %)
$226,423
$265,641
(14.8 %)
Technology
54,988
110,948
(50.4 %)
164,094
184,351
(11.0 %)
SLED
97,687
94,906
2.9 %
189,783
204,311
(7.1 %)
Healthcare
78,235
72,022
8.6 %
153,515
158,678
(3.3 %)
Financial Services
34,759
69,885
(50.3 %)
84,484
135,575
(37.7 %)
All other
118,741
99,872
18.9 %
210,482
189,068
11.3 %
Total net sales
$493,280
$571,939
(13.8 %)
$1,028,781
$1,137,624
(9.6 %)
Financing Business Segment
Three Months Ended September 30,
Six Months Ended September 30,
2024
2023
Change
2024
2023
Change
(in thousands)
(in thousands)
Portfolio earnings
$4,864
$3,339
45.7 %
$9,025
$6,412
40.8 %
Transactional gains
14,502
6,949
108.7 %
15,795
8,228
92.0 %
Post-contract earnings
2,105
5,038
(58.2 %)
5,420
8,672
(37.5 %)
Other
421
346
21.7 %
689
850
(18.9 %)
Net sales
21,892
15,672
39.7 %
30,929
24,162
28.0 %
Gross profit
20,710
13,626
52.0 %
28,397
19,987
42.1 %
Selling, general, and administrative
4,921
4,059
21.2 %
8,445
7,257
16.4 %
Depreciation and amortization
–
28
(100.0 %)
–
56
(100.0 %)
Interest and financing costs
537
559
(3.9 %)
1,122
860
30.5 %
Operating expenses
5,458
4,646
17.5 %
9,567
8,173
17.1 %
Operating income
$15,252
$8,980
69.8 %
$18,830
$11,814
59.4 %
Adjusted EBITDA
$15,319
$9,072
68.9 %
$18,961
$12,002
58.0 %
ePlus inc. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP INFORMATION
We included reconciliations below for the following non-GAAP financial measures: (i) Adjusted EBITDA, (ii) Adjusted EBITDA for business segments, (iii) non-GAAP Net Earnings and (iv) non-GAAP Net Earnings per Common Share – Diluted.
We define Adjusted EBITDA as net earnings calculated in accordance with US GAAP, adjusted for the following: interest expense, depreciation and amortization, share-based compensation, acquisition and integration expenses, provision for income taxes, and other income (expense). Adjusted EBITDA presented for the technology business segments and the financing business segment is defined as operating income calculated in accordance with US GAAP, adjusted for interest expense, share-based compensation, acquisition and integration expenses, and depreciation and amortization. We consider the interest on notes payable from our financing business segment and depreciation expense presented within cost of sales, which includes depreciation on assets financed as operating leases, to be operating expenses. As such, they are not included in the amounts added back to net earnings in the Adjusted EBITDA calculation.
Non-GAAP net earnings and non-GAAP net earnings per common share – diluted are based on net earnings calculated in accordance with GAAP, adjusted to exclude other income (expense), share based compensation, and acquisition related amortization expense, and the related tax effects.
We use the above non-GAAP financial measures as supplemental measures of our performance to gain insight into our operating performance and performance trends. We believe that such non-GAAP financial measures provide management and investors a useful measure for period-to-period comparisons of our business and operating results by excluding items that management believes are not reflective of our underlying operating performance. Accordingly, we believe that such non-GAAP financial measures provide useful information to investors and others in understanding and evaluating our operating results.
Our use of non-GAAP information as analytical tools has limitations, and you should not consider them in isolation or as substitutes for analysis of our financial results as reported under GAAP. In addition, other companies, including companies in our industry, might calculate adjusted EBITDA, non-GAAP net earnings and non-GAAP net earnings per common share or similarly titled measures differently, which may reduce their usefulness as comparative measures.
Three Months Ended September 30,
Six Months Ended September 30,
2024
2023
2024
2023
(in thousands)
Consolidated
Net earnings
$31,310
$32,664
$58,649
$66,511
Provision for income taxes
11,987
12,316
22,190
24,991
Share based compensation
2,597
2,414
5,452
4,619
Acquisition related expenses
1,043
–
1,043
–
Interest and financing costs
–
661
–
1,211
Depreciation and amortization [1]
5,765
5,630
10,584
10,422
Other (income) expense, net [2]
(579)
(117)
(2,652)
(307)
Adjusted EBITDA
$52,123
$53,568
$95,266
$107,447
Technology Business Segments
Operating income
$27,466
$35,883
$59,357
$79,381
Share based compensation
2,530
2,350
5,321
4,487
Depreciation and amortization [1]
5,765
5,602
10,584
10,366
Acquisition related expenses
1,043
–
1,043
–
Interest and financing costs
–
661
–
1,211
Adjusted EBITDA
$36,804
$44,496
$76,305
$95,445
Financing Business Segment
Operating income
$15,252
$8,980
$18,830
$11,814
Share based compensation
67
64
131
132
Depreciation and amortization [1]
–
28
–
56
Adjusted EBITDA
$15,319
$9,072
$18,961
$12,002
Three Months Ended September 30,
Six Months Ended September 30,
2024
2023
2024
2023
(in thousands)
GAAP: Earnings before taxes
$43,297
$44,980
$80,839
$91,502
Share based compensation
2,597
2,414
5,452
4,619
Acquisition related expenses
1,043
–
1,043
–
Acquisition related amortization expense [3]
4,447
4,023
8,197
7,492
Other (income) expense [2]
(579)
(117)
(2,652)
(307)
Non-GAAP: Earnings before provision for income taxes
50,805
51,300
92,879
103,306
GAAP: Provision for income taxes
11,987
12,316
22,190
24,991
Share based compensation
730
665
1,529
1,272
Acquisition related expenses
293
–
293
–
Acquisition related amortization expense [3]
1,246
1,106
2,293
2,058
Other (income) expense, net [2]
(163)
(32)
(743)
(84)
Tax benefit (expense) on restricted stock
184
79
492
216
Non-GAAP: Provision for income taxes
14,277
14,134
26,054
28,453
Non-GAAP: Net earnings
$36,528
$37,166
$66,825
$74,853
Three Months Ended September 30,
Six Months Ended September 30,
2024
2023
2024
2023
GAAP: Net earnings per common share – diluted
$1.17
$1.22
$2.19
$2.49
Share based compensation
0.07
0.07
0.15
0.13
Acquisition related expenses
0.03
–
0.03
–
Acquisition related amortization expense [3]
0.12
0.11
0.22
0.20
Other (income) expense, net [2]
(0.02)
–
(0.07)
–
Tax benefit (expense) on restricted stock
(0.01)
–
(0.02)
(0.01)
Total non-GAAP adjustments – net of tax
0.19
0.18
0.31
0.32
Non-GAAP: Net earnings per common share – diluted
$1.36
$1.40
$2.50
$2.81
[1] Amount consists of depreciation and amortization for assets used internally.
[2] Interest income and foreign currency transaction gains and losses.
[3] Amount consists of amortization of intangible assets from acquired businesses.
View original content to download multimedia:https://www.prnewswire.com/news-releases/eplus-reports-second-quarter-and-first-half-financial-results-fiscal-year-2025-302303251.html
SOURCE EPLUS INC.
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Thermaltake Black Friday and Cyber Monday Sale Offers Savings of Up to 250 Dollars on Gaming PCs and 35 Percent on PC Cases Starting November 21
Published
56 minutes agoon
November 14, 2024By
Shop Exclusive Deals on Gaming Desktops, PC Cases, Coolers, and Power Supplies at Amazon, Best Buy, Newegg, and Thermaltake website for a Limited Time Through December 2
WALNUT, Calif., Nov. 14, 2024 /PRNewswire-PRWeb/ — Thermaltake, a global leader in PC gaming hardware, is excited to announce its highly anticipated Black Friday and Cyber Monday sales event, running from November 21 to December 2, 2024. Just in time for the holiday season, this event offers exclusive discounts on around 60 top-rated gaming products, including savings of up to 35 percent on PC cases and up to 250 dollars off select gaming desktops. Customers can also take advantage of additional deals on cooling solutions, power supplies, and accessories.
Highlighting this promotion are flagship prebuilt gaming desktops powered by the latest Intel® Core processors and NVIDIA® GeForce RTX™ 40 series graphics cards, premium PC cases, cooling fans, and AIO liquid coolers. These unbeatable offers will be available through major online retailers, including Amazon, Best Buy, Newegg, and Thermaltake Website, providing gamers and enthusiasts the perfect opportunity to upgrade their setups with high-performance, reliable gear just in time for the holidays.
“Thanksgiving, Black Friday, and Cyber Monday have become a celebrated tradition for shoppers across the nation. Thermaltake is excited to be part of this festive season, offering an array of special deals as a token of appreciation to our valued customers and the gaming community,” said Michael Guo, Vice President of Thermaltake USA. “We invite every gamer to take advantage of these special offers. Our promotion, available through major e-tailers like Amazon, Best Buy, and Newegg, offers a great opportunity for enthusiasts to enhance their gaming experience.”
Gaming Desktop PC Special Deals:
Thermaltake LCGS Quartz i460 R4 Gaming Desktop (https://reurl.cc/adpnLG)
Now $799.99
Intel® Core™ i5-13400F processorNVIDIA® GeForce RTX™ 4060 graphics cardToughRAM DDR4 3600Mhz 16GB RGB memory1TB NVMe M.2 SSD600W 80+ Gold ATX 3.0 PSUWindow 11 Home preinstalled
Thermaltake Vista i350 R4 Gaming Desktop (https://reurl.cc/0dVp9k)
Now $699.99
Intel® Core™ i5-13400F processorNVIDIA® GeForce RTX™ 3050 graphics cardToughRAM DDR4 3600Mhz 16GB RGB memory1TB NVMe M.2 SSD600W 80+ Gold ATX 3.0 PSUWindow 11 Home preinstalled
PC Case Special Deals:
20% off Tower 300 Mid Tower Black Edition (https://reurl.cc/4dk1jV)
Now $119.99
Motherboard supports: Mini-ITX, Micro-ATXTempered glass panels for a panoramic viewPreinstalled 2 x CT140 ARGB fanRadiator supports: Up to 420mm radiatorOptional purchase items:3.9 inches LCD display screen kitHorizontal display enabled chassis stand kit
20% off View 380 TG ARGB ATX Mid Tower Black (https://reurl.cc/Nl5AQq)
Now $79.99
Compatible with Mini-ITX, Micro-ATX, and ATX motherboards.Front and side tempered glass panels with Dual-chamber chassis designGraphics card clearance: Up to 415mm length in maxPreinstalled 4 x 120mm ARGB fansLiquid cooler radiator supports:Up to 360mm radiator on the top240mm/280mm radiator on the sideUp to 360mm radiator on the bottom120mm radiator at the rearStorage supports: Up to 2 x 2.5″ SSDs or 3.5″ HDD in total
25% off View 270 Plus TG ARGB E-ATX Mid Tower Black (https://reurl.cc/dyd2nk)
Now $59.99
Compatible with Mini-ITX, Micro-ATX, ATX, and E-ATX motherboards.Front and side tempered glass panelsPreinstalled 3 x 120mm ARGB fansLiquid cooler radiator supports: Up to 360mm radiator on the topStorage supports: Up to 2 x 2.5″ SSDs or 2 x 3.5″ HDD in total
21% off View 170 TG ARGB M-ATX Mini Tower Black (https://reurl.cc/LlvmW9)
Now $54.99
Compatible with Mini-ITX and Micro-ATX motherboards.Front and side tempered glass panelsPreinstalled 3 x 120mm ARGB FansLiquid Cooler Radiator Supports:240mm/280mm radiator on the Top120mm radiator at the rearStorage supports: Up to 2 x 2.5″ SSDs or 2 x 3.5″ HDD in Total
35% off Thermaltake Level 20 RS Mid Tower Black (https://reurl.cc/VMGDMN)
Now $84.99
Compatible with Mini-ITX, Micro-ATX, and ATX motherboardPreinstalled 2 x 200mm ARGB FansLiquid cooler radiator supports:360mm/240mm/120mm at the front360mm/240mm/120mm on the top120mm at rareStorage supports: Up to 5 x 2.5″ SSDs, 3 x 3.5″ HDDsGraphics card clearance: Up to 400mm length in max
Power Supply Unit Special Deals:
31% off ToughPower GF3 ATX 3.0 80+ Gold 850W PSU (https://reurl.cc/8XroXb)
Now $89.99
PCIe Gen.5 ready and PCIe5 12VHPWR connector includedFully compatible with Intel® ATX 3.0 standardsUltra-quiet 135mm fluid dynamic bearing FanBuilt-in industrial-grade protection100% Japanese high-quality capacitors80 PLUS Gold certified and C6/C7 states ready
20% off Smart W3 ATX 3.1 80+ 500W PSU (https://reurl.cc/dyd2yk)
Now $39.99
PCIe 6+2PIN readyFully compatible with Intel® ATX 3.1 standardsDC to DC high amperage +12V rail designUltra-quiet 120mm fluid dynamic bearing fanBuilt-in Industrial-grade protection80 PLUS certified and C6/C7 states ready
Coolers Special Deals:
20% off TH240 ARGB Sync V2 CPU AIO Liquid Cooler (https://reurl.cc/E6qrgg)
Now $79.99
Compatible Sockets:Intel® LGA 2066/2011-3/2011/1700/1200/1156/1155/1151/1150AMD AM5/AM4/AM3+/AM3/AM2+/AM2/FM2/FM1240mm radiatorCT120 ARGB cooling fans sync with motherboard RGB software360-degree rotational waterblock cap.Copper waterblock base plate
25% off ASTRIA 600 ARGB CPU AIR Cooler (https://reurl.cc/7dZDK1)
Now $44.99
Compatible with Intel® LGA 1700 and AMD AM5 CPU socketDual-tower heat pipe design supports up to 265W TDPARGB fans and the top cover featuring meteor shower lighting effectsHigh-performance U-shape copper heat pipesAirflow: 65 CFM, static pressure: 2.56 mm-H2O, PWM500-1800RPM
33% off UX200 ARGB Sync CPU Air Cooler (https://reurl.cc/Klyb9p)
Now $19.99
Compatible with Intel® LGA 1700 and AMD AM5 CPU socket120mm 2000RPM high static pressure ARGB Sync PWM fanARGB Fan: Built-in 15 high-lumen addressable LEDs with 16.8 million colorsHigh-performance U-shape copper heat pipes
Cooling Fan Special Deal:
20% off CT120 EX ARGB Sync Cooling Fan 3-Fan Pack (https://reurl.cc/XROjQE)
Now $47.99
MagForce 2.0, a new magnetic connection design for optimized fan daisy-chaining9 addressable LEDs controlled by 5V motherboard sync softwareOptimized hydraulic fan bearing for reliable and silent operationAnti-vibration mounting system embedded
Availability
Thermaltake offers over 60 discounted items for the holiday season, including Black Friday and Cyber Monday, from November 21st to December 2nd. For more details on these exclusive deals, please visit the links below:
Amazon Special Deals: https://reurl.cc/vvyxmN Best Buy Special Deals: https://reurl.cc/A2E79jNewegg Special Deals: https://reurl.cc/oyN1vv Thermaltake Website Special Deals: https://thermaltakeusa.com/collections/sale
All Thermaltake pre-built gaming desktop PCs and PC DIY components are backed by the comprehensive Thermaltake USA warranty program, ensuring consumers with reliable performance and peace of mind through trusted warranty coverage. To learn more: https://support.thermaltake.com/csWarranty.aspx
About Thermaltake
Thermaltake Technology was established in 1999 and has been marketed worldwide under the Thermaltake brand name ever since. With the mission to “Deliver the perfect user experience,” Thermaltake has since become the leading brand in Gaming Computer Hardware: from chassis, power supply units, cooling systems, and memory modules to gaming PCs, gaming peripherals, and gaming furniture. Thermaltake is the leader in the PC DIY, Case Mod & Gaming Market and is the number one choice for Gamers, Modders & PC DIY Enthusiasts worldwide.
Official website: https://www.thermaltakeusa.com
Follow Thermaltake USA
Facebook: https://www.facebook.com/ThermaltakeNA
Instagram: https://www.instagram.com/thermaltake_NA/
Twitter: https://twitter.com/Thermaltake_NA
YouTube: https://www.youtube.com/c/ThermaltakeNorthAmerica
TikTok: https://www.tiktok.com/@thermaltakena
Media Contact
Andrew Ouyang, IDEE Creatives, 8182824968, andrewouyang@ideecreatives.com, www.ideecreatives.com
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SOURCE Thermaltake
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Agora Launches Smart Questionnaire to Simplify the Onboarding and Subscription Process For Real Estate Investors
Published
56 minutes agoon
November 14, 2024By
The new tool converts complex signature documents into personalized, interactive, and simple questionnaires.
NEW YORK, Nov. 14, 2024 /PRNewswire/ — Agora, a leading real estate investment management platform with offices in New York City and Tel Aviv, is announcing the launch of its Smart Questionnaire. This tool is designed to help real estate LPs complete subscription agreements, and ultimately empower GPs to raise capital faster. Agora’s Smart Questionnaire reduces the complexity of the subscription process, helping convert complex signature documents into simple, personalized interactive questionnaires.
What the Smart Questionnaire does:
Transforms Complex Documents: Converts subscription documents into simple, interactive questionnaires that investors can complete with ease.Personalizes Content for Investors: Allows GPs to create interactive, pre-filled questionnaires that are simple and efficient for LPs to complete.Facilitates Seamless Collaboration: Supports multi-user input, allowing LPs, GPs, family offices, and others to complete sections collaboratively.Supports Efficient Revisions: Allows investors to correct only the necessary fields without redoing the entire form, minimizing back-and-forth.Streamlines Key Processes: Simplifies creation and completion of subscription agreements, operating agreements, and limited partnership agreements, making onboarding faster and more user-friendly.
“Agora has cracked the code for investor onboarding with our Smart Questionnaire. The tool turns complex subscription agreements into digital, interactive questionnaires that investors can complete in a few clicks,” stated Lior Dolinski, Co-Founder and Chief Product Officer of Agora. “This solution not only simplifies the process for investors but also enhances collaboration between LPs and GPs, creating a smoother, more efficient experience for real estate investment firms.”
Agora’s Smart Questionnaire offers the opportunity to enhance investors’ experiences with personalized workflows, simplify and speed up onboarding and investor commitments, and make for easier collaboration – similar to many of its other tools designed specifically for real estate professionals. Further, the launch of the Smart Questionnaire comes shortly after the launch of Agora’s Report Builder, a first-of-its-kind tool that helps real estate professionals create custom reports for clients, such as distribution notices, quarterly reports, and more, and is similar to website-building tools such as Wix or Squarespace, incorporating drag-and-drop functionality and dynamic fields. Additionally, Agora also launched its Waterfall Tool, which helps professionals navigate waterfall distributions – a method of allocating capital gains or returns among investors.
Book a demo to learn more about Agora here: https://agorareal.com/
About Agora:
Agora, a fintech and SaaS company based in New York City and Tel Aviv, offers an innovative real estate investment management platform designed for modern real estate investment businesses. This comprehensive software solution combines technology, automation, and real estate expertise to streamline investment management. Agora transforms how firms raise and preserve capital, delivering a seamless, efficient experience for both managers and investors by automating back-office tasks, enhancing investor satisfaction, and providing advanced tools to optimize operational efficiency. Core services include investor portals, CRMs, data rooms, automated investor onboarding, and expert CPA for bookkeeping and tax management, giving clients comprehensive control over their financial operations. Additionally, Agora delivers powerful data insights, enabling clients to make informed, data-driven decisions across a wide range of asset classes, including multifamily, residential, industrial, office, agriculture, and debt and equity funds.
View original content to download multimedia:https://www.prnewswire.com/news-releases/agora-launches-smart-questionnaire-to-simplify-the-onboarding-and-subscription-process-for-real-estate-investors-302304705.html
SOURCE Agora Real Estate
Technology
Millimeter Wave Technology Market is expected to generate a revenue of USD 14.8 Billion by 2031, Globally, at 9.5% CAGR: Verified Market Research®
Published
56 minutes agoon
November 14, 2024By
Verified Market Research® a leading provider of business intelligence and market analysis is thrilled to announce the release of its comprehensive and authoritative report on the, “Millimeter Wave Technology Market Size and Forecast.” This in-depth market research report is designed to provide industry leaders, decision-makers, and technology experts with critical insights into the expanding world of millimeter wave technology, emphasizing its pivotal role in future communication and industrial applications.
LEWES, Del., Nov. 14, 2024 /PRNewswire/ — The Global Millimeter Wave Technology Market Size is projected to grow at a CAGR of 9.5% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 2.6 Billion in 2024 and is expected to reach USD 14.8 Billion by the end of the forecast period.
The global market for millimeter wave technology is on a trajectory of substantial growth, driven by the surge in demand for high-speed, data-intensive communication networks, particularly in 5G and beyond. Our report offers a complete view of the market landscape, covering key segments, competitive dynamics, emerging trends, and the opportunities that lie ahead.
Key Insights and Opportunities:
Market Trends: Analysis of current trends driving the adoption of millimeter wave technology, including its increasing integration in telecommunications, automotive radar systems, and industrial automation.Technology Landscape: In-depth examination of advancements in millimeter wave components such as antennas, transceivers, and sensors that are reshaping the industry.Competitive Analysis: Insightful profiling of leading companies and their market strategies, innovation roadmaps, and R&D investments.Regional Insights: Comprehensive coverage of market dynamics in North America, Europe, Asia-Pacific, and other regions, highlighting the growth potential in developing and mature markets.Future Outlook: Forecasting market size, potential challenges, and opportunities to help businesses navigate this rapidly evolving sector.
This report is a crucial resource for professionals involved in the fields of telecommunications, semiconductor manufacturing, defense, and IoT (Internet of Things), providing actionable intelligence to drive informed strategic decisions. Companies seeking to stay ahead of the curve will find detailed competitor benchmarking, key investment pockets, and insights into technology partnerships that can lead to competitive advantages.
Why Industry Leaders Should Consider This Report:
Gain a clear understanding of the market’s growth drivers and restraints.Uncover new revenue streams in the dynamic millimeter wave technology space.Benchmark your position against industry competitors and recognize areas for improvement.Make data-driven investment decisions backed by a reliable forecast and detailed market analysis.
Stay ahead of the curve in the ever-evolving Millimeter Wave Technology Market. For more information or to request a sample copy of the report, please visit: https://www.verifiedmarketresearch.com/download-sample?rid=3287
Browse in-depth TOC on “Global Millimeter Wave Technology Market Size“
202 – Pages
126 – Tables
37 – Figures
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
GROWTH RATE
CAGR of 9.5% from 2024 to 2031
BASE YEAR FOR VALUATION
2024
HISTORICAL PERIOD
2021-2023
FORECAST PERIOD
2024-2031
QUANTITATIVE UNITS
Value in USD Billion
REPORT COVERAGE
Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis
SEGMENTS COVERED
ComponentFrequency BandProductLicense TypeEnd-User
REGIONS COVERED
North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa
KEY PLAYERS
Qualcomm Technologies, Inc., NEC Corporation, L3 Technologies, Inc.,, Millimeter Wave Products Inc.,, Keysight Technologies
CUSTOMIZATION
Report customization along with purchase available upon request
Global Millimeter Wave Technology Market Overview
Rising Demand for High-Speed Data Transmission: The increase in mobile data traffic and the expansion of 5G networks are driving the Millimeter Wave Technology Market. Rapid data transfer is essential for facilitating next-generation communication. This transition facilitates uninterrupted streaming, IoT integration, and smart city development, increasing investment in millimeter wave technologies, improving network efficacy, and creating a profitable market for telecoms companies.
Advancements in Automotive and Autonomous Technologies: The automotive and autonomous vehicle industries are progressively integrating millimeter wave technologies to improve radar and communication systems. These technologies provide accurate object identification, collision prevention, and lane guidance. As the automotive sector advances towards autonomous driving solutions, millimeter wave technology becomes crucial, facilitating market growth. Manufacturers and suppliers in automotive electronics are anticipated to witness significant demand growth.
Growth in Military and Defense Applications: Military and defense sectors are heavily investing in advanced millimeter wave technology for secure and high-speed communication, radar systems, and surveillance. Its superior bandwidth and low interference make it ideal for defense communications. The focus on modernizing defense capabilities in developed and developing nations is expected to drive market growth. Defense contractors and technology developers will find abundant opportunities in this evolving sector.
To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketresearch.com/select-licence?rid=3287
High Infrastructure and Equipment Costs: Notwithstanding its benefits, the substantial initial expenses associated with millimeter wave technology infrastructure hinder widespread implementation. The establishment of network infrastructure and specialized equipment requires substantial expenditure, constraining market entry in price-sensitive areas. Companies must evaluate the advantages relative to the significant investment, which may impede market expansion for cost-sensitive sectors such as telecommunications and manufacturing.
Signal Attenuation Challenges: Millimeter wave signals are prone to attenuation, particularly when encountering obstructions like buildings, trees, or inclement weather. This constraint affects the efficacy of the device in densely populated or difficult areas. Mitigating signal loss necessitates increased network densification and the installation of repeaters, hence complicating deployment and escalating expenses. Service providers must devise strategies to alleviate these constraints for sustained market expansion.
Limited Availability of Spectrum: The Millimeter Wave Technology Market is hindered by the restricted availability of spectrum, essential for 5G and high-frequency applications. Regulatory constraints and rivalry for spectrum allotment among companies may impede expansion initiatives. Telecommunications companies and allied sectors encounter challenges in obtaining adequate spectrum to sustain their services, which may affect the velocity and magnitude of future installations.
Geographical Dominance
North America occupies a preeminent position in the Millimeter Wave Technology Market, propelled by early 5G implementation, substantial R&D investment, and a flourishing technological ecosystem. The involvement of critical stakeholders and a robust defense sector further enhances progress. This regional supremacy propels technological advancements and establishes global benchmarks, stimulating demand for millimeter wave solutions internationally. North America’s leadership encourages investment in other regions, enhancing total market growth.
Key Players
The “Global Millimeter Wave Technology Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Qualcomm Technologies, Inc., NEC Corporation, L3 Technologies, Inc., Millimeter Wave Products Inc., Keysight Technologies.
Millimeter Wave Technology Market Segment Analysis
Based on the research, Verified Market Research has segmented the global Millimeter Wave Technology Market into Component, Frequency Band, Product, License Type, End-User and Geography.
Millimeter Wave Technology Market, by ComponentFrequency Sources & Related ComponentsCommunication & Networking ComponentsMillimeter Wave Technology Market, by Frequency Band24-57 GHz57-95 GH2Millimeter Wave Technology Market, by Vehicle TypeScanning SystemsRadar and Satellite Communication SystemsMillimeter Wave Technology Market, by License TypeLight LicensedUnlicensedMillimeter Wave Technology Market, by End UserCellular & TelecomConsumer & CommercialMillimeter Wave Technology Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America
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Visualize Millimeter Wave Technology Market using Verified Market Intelligence -:
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VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.
With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.
VMR’s domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.
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Thermaltake Black Friday and Cyber Monday Sale Offers Savings of Up to 250 Dollars on Gaming PCs and 35 Percent on PC Cases Starting November 21
Agora Launches Smart Questionnaire to Simplify the Onboarding and Subscription Process For Real Estate Investors
Millimeter Wave Technology Market is expected to generate a revenue of USD 14.8 Billion by 2031, Globally, at 9.5% CAGR: Verified Market Research®
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