In today’s briefing:
- Semiconductor Shopping Season Is Now
- Forum Energy Technologies, Inc: Beat-The-Market Strategy Supports Through Cycle Value Creation
- CPKF: Raising our 2025 Diluted EPS Estimate by 0.20 to $2.70 and Initiating our 2026 Estimate at $2.85
- reAlpha Tech – With only a partial contribution from recently acquired mortgage brokerage company
- Unusual Machines, Inc. – CEO Discusses Ukraine’s Historic Drone Attack…
Semiconductor Shopping Season Is Now
- Qualcomm acquired Alphawave, a UK firm that specializes in chip design IP, especially silicon photonics and chiplets.
- AMD acquired 3 firms. Untether AI, an AI edge / inference chip designer. Brium, an AI software and compiler firm. Enosemi, a silicon photonics and co-packaged optics firm.
- 4 acquisitions in 2 weeks. AMD and Qualcomm are putting their money where their mouth is: the future is AI. This also illustrates how far ahead Nvidia is.
Forum Energy Technologies, Inc: Beat-The-Market Strategy Supports Through Cycle Value Creation
- FET’s Beat-the-Market strategy is geared to position the company to gain share with customers during cyclical troughs that can support accelerated growth as the cycle turns higher.
- The strategy is underpinned by the company’s focus on developing specialized technological solutions that allow its customers to develop their assets cost-efficiently and safely.
- Increased drilling and completion intensity as operators push the limits of lateral lengths and stimulation intensity drives demand for the consumable products that account for ~80% of FET’s revenue.
CPKF: Raising our 2025 Diluted EPS Estimate by 0.20 to $2.70 and Initiating our 2026 Estimate at $2.85
- CPKF’s first quarter net earnings, excluding a one-time charge from repositioning its investment securities portfolio of $8.0 million aftertax, or $1.69 per diluted share, increased $0.8 million, or 29%, to $3.55 million year over year, while 2025’s first quarter diluted EPS rose $0.17, or 29%, to $0.75.
- Including this one-time charge, CPKF reported a net loss of $4.45 million, or a diluted loss per share of $0.94.
- This was better than our estimate, which had called for flat net earnings (off by $0.8 million), as well as flat diluted EPS (off by $0.17).We are increasing our diluted EPS estimate for 2025 by $0.20 from $2.50 to $2.70, representing a 12% gain over 2024’s actual EPS of $2.42.
reAlpha Tech – With only a partial contribution from recently acquired mortgage brokerage company
- With only a partial contribution from recently acquired mortgage brokerage company, GTG Financial, and before peak homebuying season had begun, 1Q25 revenue reached $925.6k vs $20.4k in 1Q24.
- As competition intensifies during the peak homebuying spring-summer season, we expect the company to record further revenue ramp as homebuying activity climbs.
- We also believe the GTG acquisition underscores AIRE’s focus on offering mortgage brokerage, title and home insurance services, which are also expected to lead to recurring revenue opportunities & potentially help smooth out the seasonality of homebuying trends.
Unusual Machines, Inc. – CEO Discusses Ukraine’s Historic Drone Attack…
- According to the WSJ, Ukraine’s drone strike on June 1 damaged as many as 40 aircraft deep inside Russia as strategic bombers sat outside in the open on military bases.
- Ukraine was able to secretly place numerous cheap drones near Russian military installations all over the massive country.
- The order was then given, and the drones were flown out of trucks and remotely piloted directly into exposed expensive bombers.
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