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After the books closed

After the books closed: the quarter's biggest news happened too late to be in the numbers

Calls Tested
497
Answered YES
13
Hit Rate
2.6%
rare by design

Lantronix, Inc. (LTRX) — this company's answers

NO on the Q3 2024 call 2024-04-29 C
The model's full reasoning — Q3 2024 call → NO我们根据提供的财报电话会议记录,判断管理层是否报告了在报告期结束或之后不久发生的、最重要的积极发展,且这些发展对报告结果影响很小或没有影响,而管理层自己强调了这种时间安排。 分析内容: - 管理层提到“我们收到了首个后续订单”(针对智能电网客户),该订单将在2025财年上半年交付,金额约1100万美元。这发生在报告期(2024财年第三季度,截至2024年3月)之后,因为订单是“首个后续订单”,且交付在“第一半年”(即2025财年上半年,从2024年7月开始)。但管理层没有明确说这个订单是在季度末或之后才收到的,只是说“我们收到了首个后续订单”,没有具体时间点。不过,从上下文看,这个订单是在当前季度(第三季度)之后才收到的,因为它是“后续订单”,而当前季度是主要出货期。 - 管理层还提到“Togg推出了第二款车型T10F”,但这是产品发布,不是直接收入事件。 - 管理层强调“我们收到了首个后续订单”,并说“这显示了客户对项目的承诺”,但并没有说这个订单对当前季度结果没有影响,因为当前季度已经包含了主要出货。 - 管理层在回答关于Gridspertise的问题时,说“我们收到了首个后续订单,即使他们刚刚开始部署”,并说“初始订单约为1100万美元,将在第一半年交付”。这暗示订单是在当前季度之后收到的,但管理层没有明确说“在季度末之后”或“在报告期之后”。 - 管理层在讨论未来展望时,说“我们预计业务将继续增长”,但没有明确说当前结果没有反映这些后期事件。 关键点:管理层是否明确表示这些积极事件发生在报告期结束或之后,并且报告结果没有包含它们?管理层提到“我们收到了首个后续订单”,但未说明时间。在回答Jaeson的问题时,管理层说“我们收到了首个后续订单,即使他们刚刚开始部署”,这暗示订单是在部署开始后收到的,但部署是在当前季度进行的。实际上,当前季度是主要出货期,所以后续订单可能是在季度内或之后收到的,但管理层没有明确说“在季度末之后”。 另外,管理层在讨论未来时,说“我们预计业务将继续增长”,但没有说当前结果没有反映这些事件。 因此,没有明确证据表明管理层强调了“后期发生”的时间性。管理层只是提到了后续订单,但没有说它是在报告期结束后才收到的,也没有说报告结果没有包含它。实际上,当前季度已经包含了主要出货,后续订单是未来的。 所以,答案应为NO。

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Show the exact prompt the model was given
Using ONLY the supplied earnings call transcript and no outside information: On this call, does management report that the MOST IMPORTANT POSITIVE DEVELOPMENTS of the period happened SO LATE IN THE REPORTED PERIOD, OR SHORTLY AFTER IT ENDED, that the results being presented contain little or none of their effect — with management itself marking the timing? Answer YES when management's own words convey, in whatever form fits the business, ONE coherent situation with BOTH halves present: (1) LATE-BREAKING, CONCRETE POSITIVE EVENTS. Management points to specific favorable developments that actually occurred near the end of the reported period or in the weeks since it closed — real events, not hopes or pipeline. The events may take whatever form fits the industry: a contract, order, customer, or program signed or won late in the period or after quarter-end; a facility, location, product, or service that opened, launched, or shipped its first volumes in the final stretch or just afterward; an approval, certification, or qualification obtained late that has already begun converting into business; a large customer that went live, began ordering, or expanded right at the close or since; an acquisition or capability completed at or after period-end that is now operating. What matters is that management itself anchors the timing — saying in substance 'late in the quarter,' 'in the final weeks,' 'at the very end of the period,' 'since quarter-end,' 'subsequent to the close,' 'just after the period ended,' or equivalent — for events that are described as done or now happening, not merely expected. (2) MANAGEMENT TREATS THEM AS THE REAL STORY THE NUMBERS MISSED. Management conveys, directly or plainly in substance, that because of this timing the reported results reflect little or none of these developments — and treats them as consequential to where the company is now heading, for example by discussing how they will contribute in coming periods, how the company is now delivering or ramping them, or by contrasting the period's reported figures with the level of business the company is already doing as it exits. The late events should be presented as meaningful relative to the company's current size — capable of changing its trajectory — rather than as routine items in a long list. Answer NO if the period's positive developments are described as spread across the quarter in the ordinary way, with no emphasis on late or post-period timing. NO if the late-dated items are only letters of intent, negotiations, pipeline, expected signings, or events still contingent on approvals, financing, or decisions not yet made. NO if the late events are routine in scale for this company — the normal cadence of wins or openings it always reports — with no sense that they change its level of business. NO if management mentions timing only as an excuse for weak results without concrete late-arriving positives now in hand. NO if the post-period mention is a boilerplate subsequent-events disclosure that management does not connect to the company's trajectory. NO if the timing framing appears only in an analyst's question or model that management does not itself affirm. Use only the supplied transcript. Answer only YES or NO.

Companies that answered YES

TickerCompanyCallDateCall grade
ASM Avino Silver & Gold Mines Ltd. Q4 2023 2024-03-21 C+
KOPN Kopin Corporation Q4 2023 2024-03-14 C+
SCPH scPharmaceuticals Inc. Q3 2023 2023-11-08 B
NBTX Nanobiotix S.A. Q2 2023 2023-09-27 D
SWBI Smith & Wesson Brands, Inc. Q1 2023 2022-09-08 C+
YMM Full Truck Alliance Co. Ltd. Q2 2022 2022-08-25 C+
VNRX VolitionRx Limited Q1 2022 2022-05-12 F
OPK OPKO Health, Inc. Q1 2022 2022-05-09 D
BFIN BankFinancial Corporation Q1 2022 2022-05-06 A
RNW ReNew Energy Global Plc Q2 2022 2021-11-18 C
BFI BurgerFi International, Inc. Q3 2021 2021-11-12 C
LIND Lindblad Expeditions Holdings, Inc. Q2 2017 2017-08-06 C
PLAB Photronics, Inc. Q2 2017 2017-05-17 C+

How the model reasoned

OPK · Q1 2022 → YESThe question is: Does management report that the MOST IMPORTANT POSITIVE DEVELOPMENTS of the period happened SO LATE IN THE REPORTED PERIOD, OR SHORTLY AFTER IT ENDED, that the results being presented...YES The transcript shows management treating the ModeX acquisition (announced and closed on the call date, May 9) and the Sema4/GeneDx deal (closed April 29) as major positive developments that occurred after the Q1 period ended. These are framed as key steps toward unlocking value and are highlighted as the "exciting announcement" that changed the call format.
RNW · Q2 2022 → YESThe question is: Does management report that the MOST IMPORTANT POSITIVE DEVELOPMENTS of the period happened SO LATE IN THE REPORTED PERIOD, OR SHORTLY AFTER IT ENDED, that the results being presented...YES The transcript shows management explicitly marking the timing of key positive developments: 400 MW commissioned "since the end of the quarter" (bringing operating capacity to 7 GW today, with another 400 MW scheduled "over the next couple of weeks"), plus the completed Telangana acquisition adding 260 MW.
ASM · Q4 2023 → YESThe question is: Does management report that the MOST IMPORTANT POSITIVE DEVELOPMENTS of the period happened SO LATE IN THE REPORTED PERIOD, OR SHORTLY AFTER IT ENDED, that the results being presented...

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Not investment advice. Artul.ai publishes AI-generated earnings-call quality grades and expected-volatility estimates — never buy or sell recommendations. We tested over 1,600 predictive hypotheses against 165,000 transcripts; the honest result, including what failed, is documented in our methodology.