We need answer only YES or NO. Need evaluate both gates. Need use transcript. We need identify positive current development highlighted and probed in Q&A, with additive detail beyond prepared remarks. Also engine company-controlled. Let's parse transcript. Prepared remarks: Revenue down, enterprise orders strong $215M new orders, backlog $1.6B. JUPITER 3 satellite final assembly, ship June, launch August, service Q4. Fusion plans well received. OneWeb gateways, 16,000 modules, new contract for LEO terminal. Defense contracts, 5G Whidbey. International enterprise, Stargroup Mexico, Brazil fleet, India backhaul. JUPITER system sales. Horizon 3: LiDAR constellation 28 LEO satellites, construction begun, launch first 2024, IoT services, direct-to-smartphone demos, 5G NTN. Q&A: Ric asks about EBITDA cost service light, cost ahead of J3. Paul says cost savings, efficient spend, continuing trend until J3. Then J3 costs, Paul says ground network already in place, additional spend sales/marketing as ramp. Then launch timing, Hamid says August schedule, June shipment, SpaceX manifest, government preemption. Then Horizon 3 direct-to-device, Hamid discusses S-band, LiDAR, 5G wideband second half decade, not disclose. Then Michael asks about DISH relationship, Hamid says collaborative, arm's length, complementary spectrum, possible agreements, no merger. Then follow-up on Horizon 3 what to look for, Hamid says enterprise backlog, growth in large chunks, S-band timing 2026-2027, LiDAR 2024. Then Chris asks about backlog segments, Hamid says not disclose, new areas. Then regional demand, Paul says South America cellular backhaul, connecting unconnected, broadband projects, North America industrial connectivity. Then Fusion growth, Paul says not completed rollout, base pricing $99, expect blending. Then Maxar payments, Hamid says $15M next quarter, $30M additional. Then ESA antenna, Paul says certification process, Gogo Business Aviation. Then OneWeb core modules, Paul says partners use. Then Ric asks DISH recombination, Hamid says not contemplated. Then enterprise economic concerns, Paul says customers proceeding, Hamid says no bad debt, paid before equipment. Then CFO search, Hamid says no CFO yet, picky.
EchoStar Corporation
The call grade, management's tone measured against 177,437 other calls, what changed since the quarter before, and every one of the 500 checks.
This is the current report. Unlock its call read, expected move size, and all 500 answers.
- Is there a questioner from an investment bank other than the first three analysts who ask questions?
- Are there more than ten analyst questions in total?
- Does the operator mention a queue or "next question" more than three times?
- Does the operator use the phrase "next question" at least three times?
30 markers, measured against 177,437 calls
Language counted straight from the transcript, behaviour read by the 500 checks, tone above. The band is the middle half of every call we have graded; a flag means this call sits outside it.
All 500 AI checks
Q4 2025 · 500 checks
Every answer is below. Open any check to see what its YES or NO means.
YES Does an executive answer a question by describing a process rather than an outcome?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Is there a question the executive answers with a question back to the analyst?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone compare the company to an unnamed "competitor" or "peer" rather than naming it?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone use "historically" or "traditionally" while defending a current practice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is a departure, transition, or role change mentioned only in passing without a thank-you or tribute?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone reference a private conversation ("as I told...", "as we discussed offline")?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the transcript contain the phrase "next question" at least twice?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does an analyst ask a question spanning more than five sentences?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any analyst ask a question containing multiple sub-questions (three or more)?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does the CEO answer a question personally after another executive initially responds?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any speaker use the phrase "if you look at" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any analyst preface a question by summarizing the company's stated results?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any speaker use the word "obviously" at least twice?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does anyone say "guidance" in the same sentence as a specific number?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any analyst say "congrats" or "congratulations" to management?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is the word "scale" or "scaling" used as a verb?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an analyst ask a question beginning with a number ("two questions", "three quick ones")?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any analyst say "thank you" before asking their question?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any analyst name two or more executives when asking their question?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the word "outperform," "outperformance," or "beat" appear?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "the environment" when describing market conditions?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any executive use the word "momentum" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an executive begin an answer with "Great question," "Thanks," or "Appreciate"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the CFO use the phrase "adjusted" or "non-GAAP" at least three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker say "thank you" more than three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any speaker say "with that" as a transition phrase?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does anyone use the phrase "on a comparable basis" or "adjusted for"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker say "moving to" or "turning to" when changing topics?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any speaker say "over to you" or "I'll turn it over"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any speaker say "operator" aloud during the call?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does anyone repeat the same stock phrase three or more times?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does anyone use the phrase "as you know" to introduce a claim?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any speaker apologize without attaching a fix to the apology?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the call end without any closing statement from the CEO?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is there a request to move the call along or to the last question?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an executive answer a question with another question?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an executive mention the weather?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does anyone describe a negotiation currently in progress?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does an executive describe a competitor with anything resembling respect?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the operator announce more than ten questioners in the Q&A?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does anyone use the phrase "kind of" at least twice?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any question include the word "color"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the CEO deliver the opening remarks rather than the CFO or IR head?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does anyone say "if I may" or "if you don't mind"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any executive's first sentence include the word "revenue"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an analyst use the word "clarification" or "clarify" in a question?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any question contain the phrase "color on" or "some color"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the operator use the phrase "our final question" before closing?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "let me" at least three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "aggressive" or "aggressively" appear at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an analyst ask a question referencing "the puts and takes"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does anyone use the phrase "to be clear"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does an analyst's question include a compliment followed by "but"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the CFO use the word "sequential" or "sequentially" at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker say "with that" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "for the benefit of" or "just to remind" when restating context?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone use the phrase "early days"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "journey" appear?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the speaker describe a strategy as "disciplined" without describing any trade-off?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is there an apology offered to a specific analyst by name?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone use the phrase "to be honest" or "frankly"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone promise to "follow up" or "take that offline" and fail to commit to when?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone on the call interrupt a colleague mid-sentence?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does someone use a personal anecdote rather than a metric to justify confidence?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does the word "question" appear in the operator's speech more than three times?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the word "growth" appear at least ten times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does anyone use the phrase "a couple of"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does an analyst ask about capital allocation or buybacks?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does management use the word "strong" at least three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an executive use the phrase "we're seeing" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "opportunity" appear at least three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management use the word "confident" or "confidence" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the phrase "record" appear at least twice in the transcript?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "team" appear at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management promise to follow up or take a question offline?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any speaker say "we're excited about" or "we're pleased with"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Do two or more analysts from the same firm ask questions?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone use the phrase "moving forward" or "go forward"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management mention a specific number of stores, locations, or markets?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone use the word "folks"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "thank you" more than five times in total?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an executive use the phrase "we believe"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does the operator use the phrase "next question" at least three times?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any analyst mention a specific percentage figure in their question?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the word "quarter" appear in at least ten questions or answers during the Q&A?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does at least one analyst ask a question about margins or costs?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does the CEO answer the majority of analyst questions personally?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any analyst ask a question phrased as "Can you talk about" or "Can you speak to"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does the CFO speak during the Q&A portion at least twice?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any question reference a specific quarter (e.g., "fourth quarter") by name?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the operator interrupt the Q&A to announce time is limited or that this will be the last question?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any analyst ask a question beginning with "just" (e.g., "just curious")?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any analyst ask about a specific dollar amount or number stated in the prepared remarks?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any question begin with the words "can you" or "could you"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any executive use the phrase "if you look at" during the Q&A?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the CFO answer at least one question without the CEO speaking first?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any analyst ask a question containing an explicit comparison to a competitor company?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the phrase "moving on" or "next question" come from the operator?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does an analyst ask about capital allocation (capex, buybacks, M&A, or dividends) in one question?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the phrase "color" appear (e.g., "add some color") in the transcript?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "guidance" appear at least five times in the transcript?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any question contain the word "why"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any speaker say "I think" at least three times within a single answer?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any executive begin an answer by restating the analyst's name?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any executive's answer exceed 300 words in the transcript?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does the CEO answer the first analyst question personally?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does the word "obviously" appear in the transcript?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the transcript contain the word "margin" more than ten times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an executive begin an answer with "So" as the first word?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does the phrase "if I may" or "if I could" appear?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any executive say "let me" at least once?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any question contain the word "specifically"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management use the word "momentum" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management mention "margin" or "margins" in prepared remarks?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is the word "definitely" used by any speaker?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "seasonality" appear?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone use the word "robust" to describe demand, growth, or the pipeline?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone use the word "leverage" as a verb at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any executive use the word "team" when referring to employees?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any executive say "that said" or "having said that" to introduce a caveat?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an analyst's question include the phrase "going forward"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an executive say "great question" at any point?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "we remain confident" or "we are confident"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any executive say "thank you" immediately after finishing an answer?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an executive cite a specific dollar figure greater than one billion?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any analyst's question contain the word "curious"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an analyst reference a specific prior quarter by name (e.g., "last quarter")?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any speaker say "obviously" two or more times?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any analyst ask a follow-up in the same turn after their first answer?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any analyst ask about a specific geographic region or market?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any analyst ask a question that includes the phrase "long term" or "long-term"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "margin" or "margins" appear at least five times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "opportunity" or "opportunities" appear at least three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an executive say "we'll come back to that" or defer an answer to a follow-up?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does anyone say "thank you" three or more times in the Q&A section?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the CFO use the phrase "free cash flow" at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any executive use the word "momentum"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the CEO mention at least one specific customer segment by name (e.g., "enterprise")?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the phrase "take your question" or "take the question" appear?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any analyst introduce themselves by name before asking their first question?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "including" at least three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management reference "the macro environment" or "macroeconomic" at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any executive reference "our team" or "the team" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the operator announce more than one analyst from the same firm?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any prepared remark mention "headwinds" or "tailwinds"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any speaker say "with that, I'll turn it over"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the CFO use the phrase "capital allocation"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an executive decline to answer, citing that something will come later or is not disclosed?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does an analyst ask a two-part question containing the word "but"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does anyone ask a follow-up question in the same turn after their first question is answered?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does anyone answer "yes" or "no" as the first word of a response?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does anyone say "thank you" at least ten times in the transcript?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does an executive use the phrase "if you look at" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any analyst begin their question with "Hi" or "Hello" as a greeting?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does anyone say "we are excited about" without naming a number?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an analyst reference a peer company's results or valuation?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any speaker use the phrase "just to clarify" or "just to be clear"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does management use the word "headwind" or "headwinds"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker use the word "tailwind" or "tailwinds"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker use the word "momentum"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "investments" appear in the context of margins or costs?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone mention "FX" or "foreign exchange"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "efficiency" or "productivity" appear at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an analyst thank the executives or congratulate them before asking a question?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does an executive say "great question" or "thanks for the question"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does an executive say "as we said last quarter" or reference a prior call?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the phrase "going forward" appear at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management use the word "levers" when discussing actions?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management thank analysts by name at any point after a question?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "we'll take that offline" or offer to follow up after the call?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management use the word "committed" regarding a target?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the CEO's prepared remarks mention "macro" or "macroeconomic"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone use the phrase "the vast majority"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "temporary" or "transitory" appear?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is an analyst's question answered with "great question" or similar?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Is there a questioner from an investment bank other than the first three analysts who ask questions?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any analyst ask a question that includes a reference to a specific dollar figure?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does anyone say "thank you" at least ten times across the call?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the phrase "thank you for taking my question" or "thanks for taking my question" appear?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any analyst's first sentence contain a compliment or thanks before asking their question?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the CFO present in both the prepared remarks and the Q&A portion of the call?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the CEO personally deliver the closing remarks of the call?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the CEO's prepared remarks contain the word "team" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any speaker use the phrase "moving on" or "with that" to transition between topics?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does the phrase "in terms of" appear at least twice?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO First-person singular ("I believe," "I think") used more by the CFO than the CEO.
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES A single question receives answers from two different executives.
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES A hedge word ("maybe," "sort of") appears inside a direct quantitative claim.
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any speaker use the word "obviously"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the word "guidance" appear in both prepared remarks and the Q&A section?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any executive defer a question to another executive by name?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Someone uses the word "honestly," "frankly," or "to be clear."
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does anyone use the word "ecosystem" or "platform" without a number attached?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the transcript contain the word "certainly" three or more times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone begin an answer by restating or paraphrasing the analyst's name?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an analyst reference a competitor by name during their question?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does a speaker say "let me" at least twice in the transcript?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES The transcript contains an apology unrelated to financial results.
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO The word "challenge" is spoken more often than "opportunity."
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "seasonality" or "seasonal" appear?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO The phrase "as you know" appears at least twice.
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker use the word "challenge" or "challenges" at least three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone mention "weather" as a factor affecting results?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an executive say "thank you" to the analyst before answering a question?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker say "great question" or similar praise of a question?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO The final question is answered noticeably shorter than the opening ones.
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does anyone say "we remain" followed by a verb (e.g., "we remain committed")?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does an executive cite a conversation with a customer that has no verifiable specificity (unnamed, undated, unquantified)?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the transcript contain a sentence that begins with "What I would say is"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any question mention a specific percentage or dollar figure?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does the CEO personally answer more questions than any other executive?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the operator say "our final question" or similar?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "opportunity" or "opportunities" appear at least five times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "clearly" appear at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "leverage" appear as a verb at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any analyst's first name get used by an executive when thanking them?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the operator announce more than five questioners?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Are there more than ten analyst questions in total?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the operator use the phrase "our next question comes from" more than three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Are the CEO's prepared remarks longer than the CFO's, judged by speaker turns on the transcript page?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does management say "we are not going to comment on" or equivalent refusal language?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Executive corrects an analyst's premise.
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the CFO's prepared section exceed the CEO's in number of paragraphs?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the CEO personally answer more than half of the analyst questions?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any analyst mention the word "margin" in their first question?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Executive uses the word "excited" more than twice.
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any analyst ask a multi-part question containing three or more distinct questions?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the word "guidance" appear at least three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any analyst ask a two-part question signaled by "and also" or "and secondly"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does an analyst begin with a compliment, such as "great quarter" or "congrats"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an executive say "we said" when recalling prior statements?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any analyst begin their turn with "thanks" or "thank you"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the word "headwind" or "tailwind" appear at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "synergies" appear?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any analyst address a question to two or more executives by name?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does the word "capital" appear at least five times?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any executive say "we feel" rather than "we believe" or "we think"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the word "capital" appear in at least three different speakers' turns?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an executive use the phrase "over time" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an executive say "as I mentioned" or "as we said" at least once?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the CEO open the call before any analyst questions by mentioning the macro environment?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does anyone say "we are pleased" or "we're excited"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does anyone use the word "leverage" (financial or metaphorical)?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an analyst thank management before asking their question?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Is the word "automation" or "productivity" used at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "uncertainty" or "uncertainties" appear at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the phrase "year over year" appear at least three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management use the word "leverage" or "leveraging" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Currency headwinds mentioned unprompted.
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is the phrase "a number of" used at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone use the phrase "best-in-class" or "industry-leading"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "momentum" appear at least twice in prepared remarks?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is the phrase "on a constant currency basis" or similar currency adjustment used?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an analyst's question include the phrase "just to clarify"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the phrase "the team" appear at least twice in management remarks?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker say "so clearly" or "quite frankly"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management use the phrase "we believe" at least three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Speaker says "we don't guide" on anything.
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the CFO use the word "quarter" at least ten times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker say "thank you" more than five times in total?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "macro" or "macroeconomic" appear at least twice in the call?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the transcript contain the word "typically" at least twice?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does an executive state they will "come back to" a question or follow up later?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does management thank analysts for their questions at any point during Q&A?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Speaker admits being surprised by anything.
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker use the phrase "going forward"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management use the phrase "going forward" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "stability" or "stable" when describing demand?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Word "normal" used about demand.
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an executive say "stay tuned" or "more to come"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management describe a cost program, restructuring, or efficiency initiative by a proper name?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the CFO's prepared section mention interest expense by name or figure?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "volatility" appear?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Executive mentions a hobby or personal anecdote.
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the word "pipeline" appear without a dollar figure attached?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the phrase "the macro" or "macro environment" appear?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the phrase "our team" appear at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an executive say "great question" or "good question" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any speaker say "we remain" followed by an adjective?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does management thank analysts by name when responding?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is the word "flexibility" or "flexible" used at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "takeaway," "take out," or "take rate"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Analyst compliments the team before asking a question.
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker use "we're" where "we are" could substitute, more than twenty times overall?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any analyst reference the CEO or CFO by first name?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does anyone say "obviously" at least three times?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does anyone use the word "pipeline" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "moving on" or "let me turn it over" during prepared remarks?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an analyst ask a question starting with "just"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does anyone say "headwind" or "headwinds" more than once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an analyst use the phrase "to clarify"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any executive use the phrase "year over year" at least three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an executive cite a conversation with a customer, partner, or employee as evidence?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any question go to a named executive other than the CEO or CFO?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does an executive say "to be clear" or "let me be clear"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does anyone mention a competitor by name without being prompted?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Is there a question that management declines to answer directly, citing timing or disclosure constraints?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any question explicitly reference the company's prior guidance or outlook?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any speaker say "next question" or does the operator use the word "final" before the last question?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does the word "invest" or "investment" appear at least five times in the transcript?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the CFO handle a strategic question instead of a financial one?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an analyst flatter management within their first sentence of speaking?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an analyst ask two questions when told to ask only one?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone use the phrase "underlying" to modify a business metric?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "excited" or "pleased" at least twice in the transcript?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "guidance" appear in the prepared remarks (not just Q&A)?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is the word "margin" used with a number attached (e.g., "400 basis points")?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the transcript contain the word "record" preceding a noun (e.g., "record margin")?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an executive answer a question by citing a competitor's actions?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "macro" or "macroeconomic" appear in the transcript?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "challenges" appear more than once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the CEO begin an answer with "look" or "listen"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the word "inflation" appear anywhere in the transcript?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is there a pause or silence acknowledged on the call ("I think we lost you")?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an executive name a specific competitor during the call?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "challenges" appear at least three times in the transcript?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "we don't break that out" in response to a question?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone describe a metric as "noisy" or "lumpy"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an executive mention a specific number of percentage points when discussing market share?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does a speaker correct a figure they themselves just stated?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the CEO refer to a competitor by name rather than "competition" or "peers"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the CEO mention their own tenure or years of experience unprompted?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does anyone use the phrase "the team" when taking ownership would be natural?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone blame weather, holidays, or calendar quirks unprompted?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone cite a personal anecdote involving a customer conversation?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone use the phrase "a little bit"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Is the CFO the speaker for at least one analyst question?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the word "guidance" appear in the transcript?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "we're excited" or "we are excited"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "dividend" appear?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Is the word "invest" or "investment" used more than twice?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does the word "invest" or "investment" appear at least twice?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does anyone cite a percentage of revenue from a specific segment?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "challenge" or "challenging" appear at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone describe cutting discretionary spending like travel or hiring?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the phrase "year over year" appear?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the word "liquidity" appear at least once?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does the transcript mention refinancing, maturity dates, or debt coming due?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does anyone mention selling assets, real estate, or equipment to raise cash?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does anyone reference "the macro" or "macro environment"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is the word "capacity" mentioned?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does anyone use the phrase "our customers" rather than naming a customer?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the transcript include a question about interest expense or debt service?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the phrase "working capital" appear in a context other than a seasonality excuse?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does management thank analysts at any point?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does anyone reference borrowing from a bank or drawing on a credit facility?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "cost" appear in the first ten sentences of prepared remarks?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an executive say "we remain confident" or similar?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does anyone mention covenants, amendments to loan documents, or lender conversations?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does anyone say "with that" or "that said" to pivot?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does an executive open their first answer by thanking the analyst?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any analyst's question include the word "capex" or "cash flow"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "headline" or "headwinds" appear at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "core" appear at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an analyst's turn contain the word "congratulations"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any analyst ask a question containing "how" and also "why"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any executive say "as we mentioned" or "as I mentioned" at least once?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Are there more than eight analyst questioners?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any analyst's question include a percentage figure?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any analyst's question contain the word "guidance"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the CFO's prepared remarks exceed 1,000 words?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker say "if you look at"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the CEO personally answer the first question?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any speaker use the phrase "tailwind" or "tailwinds"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management use the phrase "balance sheet" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the CEO make closing remarks after the Q&A ends?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any speaker say "structurally" or "secular"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the operator say "our next question" two or more times?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the final questioner get an explicit closing acknowledgment from the operator ("last question" or similar)?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management use the phrase "business as usual" or "as expected" at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an analyst preface a question with "quick" or "quickly"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an executive state a specific numeric percentage when answering a question?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does anyone say "in terms of" at least twice?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Is there a question that clearly annoyed the executive, visible in the reply's abruptness?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "guidance" appear in the Q&A section?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "strong" appear more than five times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the phrase "thank you" appear more than ten times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an analyst ask a question containing the word "margin"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management use the word "guidance" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the phrase "thank you" appear at least ten times anywhere in the transcript?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does an executive begin an answer by restating the analyst's name?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any analyst ask about capital allocation or share repurchases?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the word "challenge" or "challenging" appear at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "opportunity" or "opportunities" appear more than three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Is there a villain—market conditions, regulation, currency—that behaves consistently across the call?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the word "challenging" appear?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the word "certainly" appear at least once in management's answers?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any analyst ask a personal, warm, or congratulatory question?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does the phrase "capital" appear at least five times?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does an analyst ask a question the prepared remarks already answered?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "quarter" appear at least twenty times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any single analyst ask more than two questions during the whole call?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the phrase "on a year-over-year basis" or "year over year" appear at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is the word "headwinds" or "tailwinds" used?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "margin" appear at least three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Is the word "confidence" or "confident" spoken by any executive?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does anyone use the phrase "call it" or "let's call it" before an estimate?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the phrase "going forward" appear?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "coming back" or "circling back" to take a follow-up?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "inflation" appear at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any executive say "we believe" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management use the phrase "going forward"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone use the word "robust"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker use the phrase "if you will" or "so to speak"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker say "appreciate" at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone use the phrase "at the end of the day"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone tell a self-contained anecdote with a beginning, middle, and end?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any executive use the phrase "our team"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the transcript contain a silence, pause, or "we'll come back to that" that never resolves?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone describe a customer, employee, or competitor as a named character with a motive?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any executive say "we're pleased" or "I'm pleased"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Is there a moment of modesty—someone crediting luck or timing?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone use the phrase "on a year-over-year basis"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is the word "excited" or "exciting" used by management at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker say "just" five or more times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any question begin with "Can you" or "Could you"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "quick" or "quickly" appear in three or more analyst questions?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an analyst ask for guidance on a metric management did not offer unprompted?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Is there a question about capital allocation (buybacks, M&A, debt, or dividends)?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any analyst use the word "clarify" or "clarification"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the word "obviously" appear at least twice?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does management refer to a prior call or prior quarter's commentary when answering?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does anyone use the word "actually" at least three times?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any executive begin an answer with "Look," or "So,"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the word "challenging" or "challenges" appear at least three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the operator run out of queued questions and close early?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any analyst apologize or preface with "sorry" before asking?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Is the word "excited" used by the CEO more than the word "confident"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any speaker use the phrase "the right" before a noun ("the right team," "the right decisions")?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the word "guidance" appear more than five times in the transcript?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "tailwind" or "headwind" appear?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any analyst's question begin with a compliment or congratulation?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an analyst apologize before or during their question?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Are there more questions about revenue than about costs?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "challenging" appear at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker use the phrase "on a" four or more times total (e.g., "on a constant currency basis")?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any executive answer begin with "Sure" or "Yes" followed by a comma?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does anyone say "from a ... perspective" (e.g., "from a margin perspective")?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does an executive say "we're not going to" in response to a question?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does management decline to answer by citing a future event ("we'll address that in..." or "at our upcoming...")?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the word "quarter" appear at least 20 times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is there a mention of "FX," "currency," or "foreign exchange"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any executive say "that's right" or "that's correct" to an analyst?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "leverage" appear at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is the word "leverage" used at least three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management use the word "headwinds" at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any speaker say "great question" or thank the analyst before answering?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does anyone attribute results to "the team" rather than to strategy?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker say "going forward"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any analyst begin their question with "congratulations"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does an analyst thank management at the end of their turn?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does anyone describe the future with "We believe" more than "We expect"?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does a speaker say "normal" or "normalized" about conditions that predate any disruption mentioned?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Is the word "momentum" used without a stated metric attached to it?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "macro" appear at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management use the word "solid" at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is there an analogy to a machine, engine, or flywheel?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is the word "visibility" used at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is the phrase "base case" or "scenario" used at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "we take that seriously" or "we're very focused on"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is the phrase "to your point" or "as you mentioned" used at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the operator say "thank you" more than three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management mention a specific competitor by name?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management say "the team" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "fundamentally" appear at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the phrase "ahead of" precede any mention of guidance or expectations?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management use the phrase "on a year-over-year basis"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any single speaker say "right?" as a tag question at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management use the phrase "on a consistent basis" or "consistently"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does a speaker begin a sentence with "To be honest" or "To be clear"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does management use the phrase "strategic" at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker describe a business unit as "healthy"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker use the word "fundamentals"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "resilient" or "resilience" appear?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the operator mention a queue or "next question" more than three times?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does any analyst ask a follow-up after their initial answer ("follow-up", "second one", "just one more")?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any analyst ask a question containing the word "why"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "if you look at" before citing a number?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the phrase "last question" or "final question" appear?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "clearly" appear anywhere in the transcript?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the CEO speak first among named executives in the Q&A?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the word "headwind" or "headwinds" appear at least twice?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the CFO mention a specific percentage greater than ten?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the phrase "going forward" appear at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "team" appear at least three times?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does the word "confident" appear in any executive's remarks?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does an analyst thank management at the start or end of their turn?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does the CEO use the word "incredibly" at any point?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any executive use the word "team" to refer to company personnel?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does anyone say "to your point" when answering a question?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Does any executive say "with that" to transition between speakers or topics?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
YES Does the word "transformation" or "transformational" appear?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any speaker say "moving on" or "next question" themselves?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any speaker use the word "hedging" or say "to hedge"?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does any analyst identify themselves with a two-part introduction (name and firm)?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does the word "talent" appear at least once?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Is the word "capacity" used more often about factories than about people?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
NO Does an executive confess to having too much of something physical somewhere?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
YES Is a supplier or vendor mentioned by name at any point?
The model found enough evidence in the earnings transcript to mark this exact condition as present.
NO Does any executive blame weather, season, or geography for a shipment or delivery issue?
The model did not find enough evidence in the earnings transcript to confirm this exact condition. NO means “not detected,” not necessarily “disproved.”
Archived AI reasoning
Earlier Artul research experiments on SATS calls. Open a question to read the model's original reasoning.
NO Answers go deeper than the script: questioning keeps surfacing new concrete detail behind a positive development — compa
Original model output from the research archive. It may be verbose or include the model's working notes.
We need answer only YES or NO. Need evaluate both gates. Need use transcript. Gate 1: positive current development with Q&A adding more concrete operating detail than prepared remarks. Need identify development. Candidates: Hughes enterprise orders up 138%, international enterprise contracts, OneWeb gateway deployments, Jupiter 3 progress, Latin America subscriber growth, S-band/5G, nano satellite. Q&A probes: Ric asks about nano satellite/3GPP release date; Anders gives date Q1 2022, not much operational. Pradman on Latin America capacity constraints: Q&A adds details about installation restrictions, capacity constraints in beams, but that's about problems/constraints, not positive development? Also Q&A on hybrid solutions, infrastructure bill, EBB. Pradman says more to come, no specifics. Q&A on international growth: Pradman says expect continue, capacity, Jupiter 3. Q&A on India JV: one approval needed, hopeful in next few months. Q&A on supply chain: no impact, aggressive inventory. Q&A on bad debt: normalized. Q&A on buybacks: plan in place. Q&A on Jupiter 3 launch date: on track, milestones by end of year. Q&A on U.S. subs: no dialing back, churn declining. Is there a positive current development where Q&A adds more concrete operating detail? Maybe Latin America subscriber growth? Prepared remarks: "In Latin America, in Q2, we grew our subscriber base by approximately 9,000. Continuing stay at home conditions... capacity constraints... balancing network utilization... anticipate ongoing growth." Q&A: Ric asks about capacity constraints, Pradman explains bits per subscriber increased due to COVID, quality impact, churn, conditions improving, Anders adds installation restrictions in some regions. This is more detail but about constraints/problems, not necessarily positive development? It explains why growth is constrained. Not really adding positive substance. Enterprise business: Prepared remarks mention strong Q2 orders, increase 138%, deployments in franchise, retail petroleum, SME, AI, in-flight, SES-17, OneWeb gateways, international contracts. Q&A doesn't probe enterprise specifically except hybrid and infrastructure. No added detail. OneWeb gateway: Prepared remarks: seven gateways deployed, complete by end 2022, expanded contract for ops support. Q&A doesn't ask.
The user wants me to evaluate two gates based on the earnings call transcript. Gate 1: Is there a positive, current development where Q&A produces more concrete operating detail than prepared remarks? Gate 2: Is the main positive development chiefly something the company itself created and controls? Let me analyze the transcript. The main positive development is clearly the Hughes consumer broadband business (HughesNet Gen5) growth. In the prepared remarks, Pradman discusses strong subscriber adds, Gen5 rollout, low churn, etc. In the Q&A: - Ric Prentiss asks about pacing and filling of Jupiter-2 satellite. Mike Dugan responds that beams are filling up faster than anticipated, which will have an effect going forward as beams fill up. This is somewhat additive - it gives detail about beam fill rates. - Ric asks about competitive dynamics with ViaSat. Mike says they don't compete directly, not much impact. - Ric asks about ARPU trends. Mike says ARPU is ticking up, partly due to mix change (DISH stopping wholesale). - Andrew Spinola asks about negative gross margin on equipment. David explains it's due to fixed costs and Q4 being high equipment sales quarter. - Chris Quilty asks about HNS margins sustainability. David says they're sustainable, but new markets will dampen. - Giles Thorne asks about gross adds dropping quarter-on-quarter. Pradman says it's seasonality. Let me look more carefully at whether the Q&A adds substantial new detail about the positive development (Hughes consumer broadband growth). The prepared remarks already covered: 1.267M subscribers, net adds of 59,000 in Q1, Gen5 implementation, lowest churn in 5 years, New York Broadband Program awards, Brazil growth, etc. In Q&A, the additional details: 1. Beams filling up faster than anticipated - this is somewhat new, about capacity fill. 2. ARPU ticking up due to mix change - this is somewhat new. 3. Margin sustainability discussion - somewhat new. But are these "substantive" additions that show command of operational facts? The beam fill comment is somewhat substantive. The ARPU mix comment is somewhat substantive. However, looking at the overall Q&A, most answers seem to restate or slightly elaborate on prepared remarks. The answers are relatively brief and don't go deep into new specifics.
NO Event-dense runway: management frames the coming quarters as a calendar of its own named, scheduled events
Original model output from the research archive. It may be verbose or include the model's working notes.
We need to determine if management frames the near future as a calendar of its own specific, named, already-scheduled events, and treats working through that event sequence as the central story. Let's review the transcript for forward-looking statements about specific events with timing. Key points from the call: - Pradman Kaul discusses Hughes' journey and future: "Our new high throughput K satellite Jupiter-3 is currently being built and will have significant additional capacity... We expect to launch service on Jupiter 3 in 2021" - that's a specific event but far out (2021) not near term. - "We have now completed the implementation of HughesNet Gen5 plans across Jupiter 1 beam and now have over half of all the North American subscribers on Gen5." - that's a current state, not future. - "During the quarter, we received notification that we have been recommended for grant awards under the New York State Broadband Program and for associated funding through the Connect America Fund, or CAF, program likely for about 50,000 households. We are working through the final details of these awards and the terms and conditions associated with them, and will provide updates once these are finalized." - This is a specific event: finalizing awards. But is it a near-term scheduled event? They say "working through final details" - it's in motion, but no specific timing given. - "Work on the development and production of OneWeb gateways continues, and we've already shipped equipment for the first two pilot gateways that will be used to validate the system with the initial satellites. We will commence production and shipments in the second half of this year." - That's a specific event: production and shipments in second half of this year. That's near-term (within 2018). Also "first two pilot gateways" already shipped. - "In our international business, HughesNet consumer service in Brazil continued to grow nicely and surpassed our expectations for net adds in Q1. Service operations in Columbia and preoperational activities in other newer LATAM markets continues to progress well." - That's ongoing, not a specific event. - "We received some major orders from news space in Thailand in a partnership deal SES, and our Jupiter system was selective by a major multinational operator in South Asia to support backhaul of NPE traffic over satellite." - That's orders, not future events.
NO Named counterparty roster suddenly upgraded in caliber
Original model output from the research archive. It may be verbose or include the model's working notes.
We need to answer YES or NO based on the transcript. The question asks: does management describe that the caliber of counterparties now doing real business with the company has recently stepped up? That is, customers/partners/institutions of a size/stature/sophistication the company did not previously transact with are NOW actually buying, deploying, contracting, or committing, and management presents this upgraded roster as a recent change grounded in current transactions, with the associated business still early relative to what those relationships imply. We need to check the transcript for such a description. Look for mentions of new types of customers, large names, etc. In the transcript, Pradman Kaul discusses enterprise business. He mentions "One of the new customers in Endeavor, a market leader in the retail petroleum space, who signed a large initial contract for SD-WAN and security services at their locations." Also mentions "Other significant orders in the managed services sector included Beverages & More!, IGT and Murphy Oil." Also "In the energy sector, we extended our relationship with BP pipelines, marathon pipelines and added Baker Hughes as a new customer in support of their exploration business." Also "In the aero market, we had additional orders for the expansion of the services that we provide, Global Eagle." Also "We received some major orders from news space in Thailand in a partnership deal SES, and our Jupiter system was selective by a major multinational operator in South Asia to support backhaul of NPE traffic over satellite. Bharat Electronics Limited, Bharat Petroleum Corporation and Wipro in India; Nextel in the state of Santa Catarina in Brazil; Telespazio in Europe; Star Satellite in the UAE; and Nexsat also awarded major orders in Q1." Are these counterparties of a higher caliber than the company's historical norm? The company is Hughes, a major satellite communications company. They have always served enterprise customers. The question is whether management conveys that they have recently begun transacting with a visibly higher class of counterparty than its historical norm. The transcript does not explicitly contrast with historical norm. It just lists new customers and orders. There is no statement like "we used to serve small businesses but now we are serving Fortune 500" or something. The names like BP, Baker Hughes, etc.
NO The bridge is already built: management walks investors from today's numbers to a bigger business using only pieces alre
Original model output from the research archive. It may be verbose or include the model's working notes.
We need to determine if management's forward-looking explanation is built out of specific pieces already secured or in motion, such that the reported results understate the business already locked in. The question asks about the NEXT YEAR. We need to see if management describes a path from current numbers to a larger business via named, committed, near-term, material components. Let's analyze the transcript. Key points: - Hughes consumer business: strong growth, Gen5 rollout, churn down. They mention filling up Jupiter-2 faster than expected, which will lead to slowdown as beams fill. That's not a forward expansion but a capacity constraint. - Jupiter-3: being built, launch service in 2021. That's beyond next year (2021 is more than a year away from Q1 2018). So not near-term. - New York Broadband Program and CAF funding: "recommended for grant awards" for about 50,000 households. They are "working through the final details" and "will provide updates once finalized." So contingent, not secured yet. - SD-WAN: 29,000 sites with 19 enterprises. That's current, not a forward ramp. - OneWeb gateways: shipped equipment for first two pilot gateways, production and shipments in second half of this year. That's part of $300 million order. That is a secured order, and shipments are beginning. That could be a piece. - International business: Brazil growth, Columbia, etc. They mention "preoperational activities" in newer LATAM markets. That's not yet contributing. - Enterprise backlog: $1.6 billion, slightly higher than last year. That's a backlog, but it's typical for them. Is it material? They mention it as a metric, but not as a step-up. - EchoStar 105: one customer expanded and extended service, but that's short-term (Q2, maybe Q3). Not a major forward driver. - EchoStar Mobile: rolling out applications, but no specifics. The question asks: does management build the forward explanation out of specific pieces already secured or in motion? The most concrete forward piece is the OneWeb gateway production and shipments starting in H2 2018. That is a secured order ($300 million) and shipments are beginning. But is that material to the overall business? Hughes revenue is $401 million per quarter, so $300 million over time is significant. However, the call does not emphasize that as a major driver of near-term growth. They mention it as part of the enterprise business.
NO Personal bests piling up: management reports multiple company-history records in the same quarter
Original model output from the research archive. It may be verbose or include the model's working notes.
We need to determine if management itself reports multiple distinct company-history bests in the same recent period. Look for superlatives like "record", "all-time high", "largest ever", "first ever" etc. from management's own words. From transcript: - Pradman Kaul: "we now have 1,267,000 retail, wholesale and SME consumers and continue to be the undisputed market leader in the broadband satellite world today." That's market leader, not company history best. - "over half of all the North American subscribers on Gen5" - not a record. - "overall consumer churn in Q1 2018 was the lowest quarterly churn in over five years in North America." That's a multi-year low, not all-time company history. "over five years" is not "ever". - "We had net adds of approximately 59,000 subs in Q1 compared to approximately 7,500 net adds in the same quarter last year." That's growth, not record. - "our EBITDA margin was 34% compared to 31% in Q1 last year." Not record. - "we have about 29,000 SD-WAN sites with 19 enterprises" - not record. - "backlog from enterprise customers was 1.6 billion as of March 31, slightly higher than the backlog at March 31 last year." Not record. - "we pioneered the offering of satellite-based Internet service to consumers, the first to do so worldwide at that time." That's historical, not recent period. - "we will have the largest K fleet coverage over the Americas." That's future with T19V launch, not yet. - "Jupiter-3 ... will have significant additional capacity ... We expect to launch service on Jupiter 3 in 2021" - future. - "we have been achieving high EBITDA margins consistently" - not record. - "we continue to be the undisputed market leader" - market position, not company history. - "we are very pleased with our results" - no record. - "we are filling up the satellite ahead our expectations" - not record. - "we are the number one company in the world delivering mobile SaaS systems" - market position. - "we have the strongest balance sheet in our sector" - sector comparison. - "we continue to be the industry leader" - industry. No mention of "record", "all-time high", "largest ever", "first ever" for the company in the recent period. The only "first" is historical (pioneered 20 years ago). The churn is "lowest in over five years" - that's a multi-year best, not all-time. Also "over five years" is not "ever". So not a company-history best.
NO The product is disappearing into reorder rhythm: revenue is shifting from won-each-time to arriving-on-its-own, and the
Original model output from the research archive. It may be verbose or include the model's working notes.
We need to determine if management describes a growing share of revenue arriving without a new selling event, with recent visible growth in that proportion, grounded in observed current behavior. Scan the transcript for relevant statements. Management discusses revenue growth, subscriber adds, churn, etc. They mention that churn is low, but that's about customer retention, not necessarily self-arriving revenue. They talk about consumer business growth, but that's from new adds. They mention enterprise contracts, but those are contractual. They mention SD-WAN, but that's new sales. They mention that they are filling up satellite capacity, but that's about capacity utilization, not self-arriving revenue. Key point: Is there any mention of reorders, renewals, consumables, usage-driven billing, or repeat purchases that have recently grown as a proportion? The transcript does not explicitly discuss such a mechanism. The closest is that they have a large installed base and low churn, but that's not about revenue arriving without a selling event; it's about retaining existing customers, which is still a selling event (they pay monthly, but that's contractual). The question asks about revenue that arrives without a new selling event, like reorders or renewals. In a subscription business, monthly payments are recurring, but that's inherent to the business model. The question asks if management describes that this self-arriving share has recently and visibly grown as a proportion. They mention that they have 1.267 million subscribers, up from 1.043 million a year ago, but that's growth in subscribers, not necessarily a shift in revenue mix. They also mention that churn is at a five-year low, which means customers stay longer, but that's about retention, not about a shift in revenue composition. The question specifically asks: "Does management describe that a GROWING SHARE OF THE COMPANY'S REVENUE NOW ARRIVES WITHOUT A NEW SELLING EVENT — through reorders, refills, renewals, repeat purchases, usage-driven billing, aftermarket or consumable pull-through, or customers' own standing routines — AND that this self-arriving share has RECENTLY AND VISIBLY GROWN as a proportion of the business, with management grounding the shift in observed current behavior and treating it as changing the company's quality of revenue?" Management does not explicitly discuss such a shift.
NO Torch passed to the next generation: the company's own replacement offering is now winning, while the old one still domi
Original model output from the research archive. It may be verbose or include the model's working notes.
We need answer YES/NO. Need analyze transcript. Need determine if management describes new generation/successor of core offering, real customers already choosing now, transition early, older still majority. Need use only transcript. Let's parse. Company EchoStar, segments Hughes and ESS. Hughes consumer broadband: Gen5 service. They launched HughesNet Gen5 plans. They have Jupiter 1, Jupiter 2 satellites. Gen5 is new generation? They say "implementation of HughesNet Gen5 plans across Jupiter 1 beam and now have over half of all North American subscribers on Gen5." Wait "over half of all North American subscribers on Gen5" means transition maybe more than half, not early? Need examine. They also mention "new high throughput K satellite Jupiter-3 is currently being built... expect launch service in 2021" not current. Gen5 is current offering. Is Gen5 successor to Gen4? They say "We have now completed the implementation of HughesNet Gen5 plans across Jupiter 1 beam and now have over half of all the North American subscribers on Gen5." This indicates transition underway, over half already on Gen5. Is that "early enough that older still accounts for most"? No, if over half on new, older less than half. But maybe "over half" means majority, so transition not early. However question asks "new generation or successor of what it already sells — next version... AND real customers already choosing it now, while transition is still early enough that older offering still accounts for most of what reported results reflect." If over half on Gen5, older does not account for most. But maybe "over half of all North American subscribers on Gen5" means more than half, so no. But need consider "Gen5" is not necessarily a new generation replacing mainstay? It is a service plan upgrade. They describe "HughesNet Gen5" as new service with higher speeds, and customers migrating. They say "We have now completed implementation of HughesNet Gen5 plans across Jupiter 1 beam and now have over half of all North American subscribers on Gen5." That suggests transition substantially underway, not early. But maybe "over half" means "more than half" but still not complete; older still accounts for some. The question's "transition is still early enough that the older offering still accounts for most of what the reported results reflect" — if over half on Gen5, older not most. So answer NO.
NO Volume already booked into a capability that is still being built out
Original model output from the research archive. It may be verbose or include the model's working notes.
We need to answer YES or NO based on the transcript. The question asks: does management describe that the company's current constraint is building fast enough to serve business that counterparties have already committed to? That is, both (a) real, already-committed demand exceeds present capability, and (b) the company is physically expanding capability right now. Look for evidence in the transcript. The call is about Q1 2018 results. There is discussion of Hughes consumer broadband, filling up Jupiter-1 and Jupiter-2, and Jupiter-3 being built for 2021. Also OneWeb gateways. Let's examine. Pradman Kaul: "We are very fortunate in that the popularity of the service has been great. And so the different beams are filling up at a faster rate than even we had anticipated. So the nice thing about that is that the pipe is getting filled fast, so the internal rate of return on that investment are obviously significantly better than we anticipated. But it's going to have an effect going forward because the areas where there are lot of customers are beginning to have beams that are filled up. So we’ll probably see some level of slowdown in the next year as these beams starts filling up." This indicates that demand (subscribers) is filling up capacity, and they anticipate slowdown because beams fill up. But is that committed demand exceeding present capability? They are filling up existing satellite capacity. They are not saying they cannot serve committed customers; they are saying they will see slowdown as beams fill up. That suggests they are approaching capacity limits, but not that they have committed demand beyond capability. They are not describing a constraint of building fast enough to serve committed business. They are describing that they are filling up existing capacity and will slow down. Also, they mention Jupiter-3 being built for 2021. That is expansion, but it's planned for future, not currently underway to meet committed demand? They say "currently being built" and "expect to launch service on Jupiter 3 in 2021". That is expansion, but is it to meet committed demand? They say it will support consumer business and enterprise. But is there committed demand beyond current capability? Not really. They are filling up existing satellites, but they haven't said they have orders or contracts that they cannot fulfill. They are just anticipating slowdown.
NO Compounding evidence: management cites customer behavior, not just customer numbers, as proof the offering is winning
Original model output from the research archive. It may be verbose or include the model's working notes.
We need to answer YES or NO based on the transcript. The question asks whether management grounds its case for business growth in observed customer/counterparty behavior from the recent period, as described concretely and currently, and treats it as core proof with more ahead. Let's examine the transcript. Management discusses strong customer adds, low churn, Gen5 adoption, etc. Pradman Kaul mentions specific behaviors: "We saw high levels of consumer and customer satisfaction with the new HughesNet Gen5 plans a clear indicator being that churn continue to go down, overall consumer churn in Q1 2018 was the lowest quarterly churn in over five years in North America." That's a specific observed behavior (low churn) but is that concrete? It's a metric. Also "had net adds of approximately 59,000 subs in Q1 compared to approximately 7,500 net adds in the same quarter last year." That's results. Also "We have now completed the implementation of HughesNet Gen5 plans across Jupiter 1 beam and now have over half of all the North American subscribers on Gen5." That's company action. But the key is observed customer behavior: customers returning, renewing, expanding, etc. The churn being lowest is evidence of retention, but is it described as "behavior"? Yes, it's a behavioral outcome. But is it presented as core proof? Management mentions it as an indicator. Also "our SD-WAN sites with 19 enterprises" - that's a result. But more specific: "In Q1, one of our in-flight entertainment aeronautical customers expanded and extended their service on EchoStar 105" - that's a specific example of a customer expanding. But is that treated as core proof? Anders mentions it as progress. Also "We received notification that we have been recommended for grant awards under the New York State Broadband Program" - that's an award, not customer behavior. Management also mentions "customers continue to upgrade" and "natural migration" - but not concrete examples. The question requires both (1) behavioral evidence described concretely and currently, and (2) management treats it as core proof with more ahead. Let's see if there's a clear example. Pradman talks about "churn continue to go down" - that's a behavior (customers staying). But is it described as "observed now"? Yes. And he says "a clear indicator being that churn continue to go down" - so he uses it as proof of satisfaction.
NO Already spoken for downstream: customers are buying to fulfill business they have already secured
Original model output from the research archive. It may be verbose or include the model's working notes.
We need to determine if management conveys that customers are buying because of commitments already secured on the customers' side. Look for statements about customers' own backlogs, awarded projects, funded programs, etc., that drive purchases from the company. In the transcript, Pradman Kaul mentions: "We received some major orders from news space in Thailand in a partnership deal SES, and our Jupiter system was selective by a major multinational operator in South Asia to support backhaul of NPE traffic over satellite." That's about orders to the company, not necessarily about customers' secured business. Also: "Bharat Electronics Limited, Bharat Petroleum Corporation and Wipro in India; Nextel in the state of Santa Catarina in Brazil; Telespazio in Europe; Star Satellite in the UAE; and Nexsat also awarded major orders in Q1." Again, these are orders to Hughes, not necessarily indicating that those customers have secured their own downstream business. There is mention of "OneWeb gateways" and "work on the development and production of OneWeb gateways continues, and we've already shipped equipment for the first two pilot gateways that will be used to validate the system with the initial satellites." That is about OneWeb's project, but is it described as already secured? OneWeb is building a constellation, that's an ongoing project. But does management connect that to customers' secured business? Not really. Also, "In Q1, one of our in-flight entertainment aeronautical customers expanded and extended their service on EchoStar 105, with those services to continue through the second quarter and should possibly run into the third quarter." That's about a customer extending service, but not about that customer's own secured business. The question asks: does management convey that the company's customers are buying to serve business those customers have already secured? For example, customers who have already won contracts, etc. I don't see any explicit statement like that. Management talks about strong demand, growth, but not about the customers' own backlogs or awarded projects driving purchases. There is mention of "New York State Broadband Program and for associated funding through the Connect America Fund, or CAF, program likely for about 50,000 households." That is about funding that the company might receive, not about customers' secured business.
NO Bigger than they can carry alone: management is reaching outside the company for capability it lacks, because business a
Original model output from the research archive. It may be verbose or include the model's working notes.
We need answer YES/NO based on transcript. Need determine if management describes currently going outside itself to obtain capability it lacks because business already won has outgrown what company can do on its own. Let's parse. Transcript: EchoStar/Hughes. They discuss Hughes consumer broadband, enterprise, satellites. Key: OneWeb gateways. Pradman: "Work on the development and production of OneWeb gateways continues, and we've already shipped equipment for the first two pilot gateways that will be used to validate the system with the initial satellites. We will commence production and shipments in the second half of this year. As announced previously, this work is part of the $300 million order from OneWeb." This is about Hughes providing equipment to OneWeb, not going outside for capability. They are supplier. Other: They have satellites, Jupiter-3 being built. They have hosted payloads on EUTELSAT, Telesat. They are expanding. But question: Does management describe company currently going outside itself to obtain capability it does not have because business already won has outgrown what company can do on its own? Need look for reaching outside for capability. They mention "hosted payload arrangement on EUTELSAT 65 West" and "hosted payload on Telesat T19V" - that is using third-party satellite capacity? Actually Hughes has hosted payloads on other satellites to provide service in Brazil, Colombia, etc. That is reaching outside for capacity? But is that because business outgrown? They are expanding into new markets. But is it "currently going outside itself to obtain capability it does not have" - yes, they lease/use hosted payloads on other satellites. But reason? They want to expand service presence. But is it because business already won has outgrown? Not exactly. They are launching new markets. Also they have own satellites. The question specifically: "business it has already won or is already serving has outgrown what the company can do on its own." Management does not say that. They say they are filling up Jupiter-1/2 faster than expected, beams filling up, so growth will slow. That implies they have capacity constraints, but they are not going outside to get more capacity? They have Jupiter-3 being built for 2021. They are not buying outside capacity to serve existing demand? They have hosted payloads for new markets, but that's expansion.
NO Selling into a wave of new capacity being built by others: management describes its customers' own build-out spending as
Original model output from the research archive. It may be verbose or include the model's working notes.
We need to determine if management explains current momentum and near-term trajectory chiefly by pointing to a wave of building/equipping/capacity-creation by other parties, for which the company supplies part, and that this build-out is early/intensifying. Let's analyze the transcript. The call covers EchoStar's Q1 2018 results. Key segments: Hughes (consumer broadband, enterprise, international) and ESS (satellite services). Management discusses strong growth, Gen5 service, subscriber adds, etc. Look for mentions of others building capacity. There is mention of OneWeb gateways: "Work on the development and production of OneWeb gateways continues, and we've already shipped equipment for the first two pilot gateways that will be used to validate the system with the initial satellites. We will commence production and shipments in the second half of this year. As announced previously, this work is part of the $300 million order from OneWeb." That is a build-out by OneWeb (a customer) for which EchoStar supplies equipment. But is that the chief explanation for momentum? The call focuses heavily on consumer broadband growth, Gen5, etc. The OneWeb gateway work is a small part. Also, there is mention of "new space in Thailand" and "Jupiter system selected by a major multinational operator in South Asia" but that's more about selling systems, not necessarily a wave of building by others. The question asks: "does management explain the company's current momentum and near-term trajectory chiefly by pointing to A WAVE OF NEW BUILDING, EQUIPPING, OR CAPACITY-CREATION BEING UNDERTAKEN BY OTHER PARTIES ... for which the company already supplies part of what those parties must buy, AND does management convey that this outside build-out is early or intensifying rather than mature, so that the business it will bring the company is mostly still ahead?" The dominant narrative is about Hughes' consumer broadband growth, Gen5, subscriber adds, and margin expansion. That is driven by their own capacity (Jupiter satellites) and market demand. There is no mention of a wave of building by others that is early and big. The OneWeb gateway is a specific contract, but it's not described as a wave; it's a single order. Also, the call mentions "we continue to explore opportunities to expand our broadband service presence" but that's their own expansion. Thus, the answer is NO.
NO The lull that never came: the company's own recurring weak stretch failed to materialize
Original model output from the research archive. It may be verbose or include the model's working notes.
We need to determine if the transcript conveys that a recurring weak interval (seasonal slow period, trough, lull) that the company normally expects has failed to materialize because real business filled it. We must check management's own words for three elements: (1) the lull was genuinely expected as part of the company's rhythm, (2) its absence is already observable with real business filling it, (3) management marks the contrast. Scan the transcript for any mention of seasonal patterns, slow periods, expected lulls, etc. The operators and analysts ask about subscriber adds, churn, margins, etc. Key points: Pradman and Mike discuss that Q1 typically has lower gross adds than Q4 due to seasonality. When asked about the drop in gross adds quarter-over-quarter, Pradman says "that is primarily seasonality." And earlier, Mike says "Q1 last year, we’re certainly weak. I mean we had no capacity itself effectively like before we launched the Gen5 service." In response to the question about gross adds dropping, the discussion is about seasonality. However, does management say that the expected slow interval failed to materialize? Actually, the question was: "So I wanted to know why gross adds stopped to quarter-on-quarter." And the answer: from Q4 to Q1, that's primarily seasonality. So they acknowledge that Q1 is normally slower than Q4. But is there any indication that this time the slowdown did not happen? They report net adds of 59,000 in Q1 vs 7,500 in Q1 last year. So they are having strong adds. But management attributes that to Gen5, not to the expected seasonal lull failing to materialize. They say Q1 is usually lower than Q4, but they didn't explicitly say that this Q1 was unusually strong for the normally weak part of the year. They said Q1 last year was weak due to capacity constraints, but this year they have Gen5 capacity. So the strength is due to capacity, not the absence of a seasonal lull. They don't say "we expected a dip but it didn't come." They acknowledge seasonality, but they don't contrast it as unusual. The question specifically asks: "a WEAK INTERVAL THIS COMPANY HAS LEARNED TO EXPECT — a slow season, a seasonal trough, a recurring soft stretch... has FAILED TO MATERIALIZE this time, because real business filled the interval that used to be empty?" The transcript mentions that Q1 is typically slower than Q4 due to seasonality.
NO Center of attention has moved to the newest working thing: management's energy is disproportionately on a small but alre
Original model output from the research archive. It may be verbose or include the model's working notes.
We need to determine if management devotes a clearly disproportionate share of energy, enthusiasm, and detail to one identifiable part of the business that is still a minority of overall results, and that part is described as already producing real, current business, and management treats it as the main driver going forward. Let's analyze the transcript. The call covers EchoStar Corporation with segments Hughes and ESS. Hughes is the larger segment (revenue $401M vs ESS $? but overall revenue $502M, so Hughes is majority). Within Hughes, there is consumer broadband (HughesNet Gen5), enterprise, international, etc. The transcript shows a lot of discussion about Hughes consumer business, Gen5, subscriber growth, churn, etc. But is that the majority? Hughes revenue is $401M out of $502M, so Hughes is majority. But within Hughes, consumer is a part. The question asks: is there a specific piece that is smaller than the established base, yet gets the richest discussion? Possibly the consumer broadband business? But it's already a large part of Hughes. Alternatively, the SD-WAN (Software-Defined Wide Area Networks) is mentioned as an exciting development. Let's see. Pradman Kaul talks about SD-WAN: "I'd now like to talk about another exciting development this time in the enterprise space, and that is Software-Defined Wide Area Networks." He describes it as emerging, with 29,000 SD-WAN sites with 19 enterprises. That is a specific piece. But is it minority? Yes, likely smaller than the overall enterprise business. But does management treat it as the main driver? They mention it as exciting, but the call also heavily discusses consumer broadband. Let's look at the overall structure. The call starts with Mike Dugan saying "we had a solid first quarter. In aggregate, our two business segments, Hughes and ESS, generated double-digit revenue and EBITDA growth." Then Dave Rayner gives financials. Then Anders Johnson talks about ESS (satellite services) briefly. Then Pradman Kaul talks about Hughes. He spends a lot of time on consumer broadband: "First I’d like to share with you briefly our exciting journey through the broadband consumer business." He goes into history, subscribers, Gen5, churn, etc. He also mentions SD-WAN as an exciting development. But the bulk of his discussion is on consumer broadband. However, consumer broadband is a major part of Hughes.
NO Management is re-underwriting a specific asset or business at a value far above its cost, using fresh third-party marks
Original model output from the research archive. It may be verbose or include the model's working notes.
We need to determine if management puts a concrete, externally-derived value on something the company already owns or controls, and conveys that this value is far above what the company paid, carries it at, or what the company's current results would imply. We need to look for a specific asset being valued with an outside reference point. The transcript discusses various things: Hughes business, satellites, investments, etc. But we need to see if management explicitly values a specific holding against an outside reference. The call mentions net losses on investments, but that's not a positive valuation. There is discussion of the company's own stock? No. There is mention of the company's cash and marketable securities, but that's not a specific asset being valued above cost. There is discussion of the company's stake in DISH Mexico? They mention "our ownership in DISH Mexico" but they don't give a value or an external reference. They say they will continue to work with partner, no definitive plans. There is discussion of the company's satellites, but they don't give a market value. There is discussion of the company's backlog, but that's not a valuation. There is discussion of the company's investments, but they mention net losses on investments, not gains. The question asks: "does management put a CONCRETE, EXTERNALLY-DERIVED VALUE ON SOMETHING THE COMPANY ALREADY OWNS OR CONTROLS, and convey that this value is far above what the company paid, carries it at, or what the company's current results would imply?" We need to see if management says something like "our stake in X is worth Y based on a recent transaction" or "our satellite is worth more than book because of comparable sales" etc. In the transcript, there is no such statement. Management talks about the business performance, but not about valuing specific assets against external benchmarks. There is a mention of "net losses on investments" but that's a loss, not a value above cost. There is also mention of "reductions in capitalized interest" etc., but that's accounting. The only possible thing is the mention of the company's stake in DISH Mexico, but they don't give a value. Also, the company has a large cash balance, but that's not a specific asset being valued above cost. Thus, the answer is NO. We need to be careful: the question says "Answer YES when management's own words convey...
NO First domino, named next dominoes: management generalizes a fresh win into a repeatable template and points to the speci
Original model output from the research archive. It may be verbose or include the model's working notes.
We need answer YES/NO. Need analyze transcript. Need determine if management explicitly generalizes a recent real success as repeatable template and identifies specific next places already in motion. Let's parse. The call covers Hughes, ESS. Potential candidates: Hughes SD-WAN? They mention "another exciting development... Software-Defined Wide Area Networks... Hughes SD-WAN... In North America, so far we have about 29,000 SD-WAN sites with 19 enterprises across multiple industries, and we look forward to strengthening our already strong presence in the enterprise space with this offering." Is that a proven first instance? They have 29,000 sites with 19 enterprises. But do they explicitly generalize as template and identify specific next places? No, just "look forward to strengthening" generic. OneWeb gateways: "Work on the development and production of OneWeb gateways continues, and we've already shipped equipment for the first two pilot gateways that will be used to validate the system with the initial satellites. We will commence production and shipments in the second half of this year. As announced previously, this work is part of the $300 million order from OneWeb." This is a completed/proven? First two pilot gateways shipped, but not yet validated? They will commence production later. Not a success yet? It's a contract, but not demonstrably working? Maybe not. Jupiter platform: "Our Jupiter system was selective by a major multinational operator in South Asia to support backhaul of NPE traffic over satellite." That's a win, but no template generalization. Brazil/Columbia expansion: "We entered into a hosted payload arrangement on EUTELSAT 65 West for its K beams and commence service in Brazil in 2016 and in Columbia in late 2017. Our hosted payload on Telesat T19V was launched in mid-2018 to provide service in other Central and South American countries. With the addition of T19V, we will have the largest K fleet coverage over the Americas." This is a pattern: they have done Brazil, Columbia, and now T19V for other countries. Is that a proven first instance treated as template? They describe history and next. But do they explicitly say "what we did in Brazil is a template we can repeat"? They say "We entered into a hosted payload arrangement... commence service in Brazil... and in Columbia... Our hosted payload on Telesat T19V was launched...
NO Informed outsiders doubling down
Original model output from the research archive. It may be verbose or include the model's working notes.
1. The user asks to determine if management reports that parties with direct inside knowledge (existing major customers, strategic partners, insiders, or sophisticated investors) have recently made significant new financial or resource commitments to the company, presented as validation of trajectory not yet visible in reported results. 2. I need to scan the transcript for such commitments. 3. Let's look for mentions of commitments by customers, partners, insiders, etc. 4. Anders Johnson mentions: "In Q1, one of our in-flight entertainment aeronautical customers expanded and extended their service on EchoStar 105, with those services to continue through the second quarter and should possibly run into the third quarter." This is an expansion by an existing customer (informed party) on a specific satellite. Is it framed as validation of trajectory? It's a specific contract expansion, but it's not necessarily framed as evidence of a broader inflection beyond current numbers. It's a specific service extension. 5. Pradman Kaul mentions: "We received some major orders from news space in Thailand in a partnership deal SES, and our Jupiter system was selective by a major multinational operator in South Asia to support backhaul of NPE traffic over satellite. Bharat Electronics Limited, Bharat Petroleum Corporation and Wipro in India; Nextel in the state of Santa Catarina in Brazil; Telespazio in Europe; Star Satellite in the UAE; and Nexsat also awarded major orders in Q1." These are major orders from customers (informed parties). Are they framed as validation of trajectory? They are mentioned as part of the quarter's performance, but not specifically as evidence of an inflection beyond current numbers. They are just orders. 6. Let's look for insider share purchases or strategic investments. There is no mention of insider share purchases. 7. Is there a mention of a partner dedicating resources? The OneWeb gateways work is mentioned: "Work on the development and production of OneWeb gateways continues, and we've already shipped equipment for the first two pilot gateways that will be used to validate the system with the initial satellites. We will commence production and shipments in the second half of this year. As announced previously, this work is part of the $300 million order from OneWeb." This is a $300 million order from OneWeb (a strategic partner).
NO Fresh order-of-magnitude reference change: management has started describing the business in units it did not use to nee
Original model output from the research archive. It may be verbose or include the model's working notes.
We need to determine if the company's own unit of account has visibly changed—i.e., management now routinely describes its business in a larger denomination than before, and this change is recent and driven by real business already happening. Let's analyze the transcript. The company is EchoStar, with segments Hughes and ESS. Key points: - Hughes consumer business: They have 1,267,000 subscribers, up from 1,043,000 a year ago. They talk about net adds of 59,000 in Q1 vs 7,500 last year. They mention "over half of all North American subscribers on Gen5." They talk about filling up Jupiter-2 satellite, and Jupiter-3 coming in 2021. They mention "we will have the largest K fleet coverage over the Americas." They talk about SD-WAN with 29,000 sites and 19 enterprises. They mention "backlog from enterprise customers was 1.6 billion." They talk about "we continue to be the undisputed market leader in the broadband satellite world today." They mention "we have now completed the implementation of HughesNet Gen5 plans across Jupiter 1 beam and now have over half of all the North American subscribers on Gen5." They talk about "we are very fortunate in that the popularity of the service has been great. And so the different beams are filling up at a faster rate than even we had anticipated." They mention "we’ll probably see some level of slowdown in the next year as these beams starts filling up." They talk about "we are launching in five countries in South America this year." They mention "we received some major orders from news space in Thailand in a partnership deal SES, and our Jupiter system was selective by a major multinational operator in South Asia to support backhaul of NPE traffic over satellite." They list many customers. Now, is there a shift in the unit of account? The company is talking about large numbers of subscribers, large contracts, large orders. But is this a recent shift? The company has been in satellite broadband for a long time. They have always had large numbers. The transcript doesn't indicate that they used to talk about smaller units. They talk about "we pioneered the offering of satellite-based Internet service to consumers" and "we changed strategy to building our own satellite" etc. They talk about growth, but it's within the same frame. They mention "we are very fortunate in that the popularity of the service has been great.
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SATS call history
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D Q1 2025 · Weak call · 2025-05-09Management held guidance steady against accelerating demand and contracting margins. The delivery was rich in specifics.
D Q4 2024 · Weak call · 2025-02-27Management held guidance steady against mixed demand signals and contracting margins. The delivery was rich in specifics.
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D Q3 2024 · Weak call · 2024-11-12Management held guidance steady against mixed demand signals and contracting margins. The delivery was rich in specifics, promotional in tone.
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F Q2 2024 · Very weak call · 2024-08-09Management held guidance steady against mixed demand signals and contracting margins. The delivery was unusually candid, rich in specifics, visibly under pressure.
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F Q1 2024 · Very weak call · 2024-05-08Management held guidance steady against mixed demand signals and contracting margins. The delivery was frequently evasive, visibly under pressure.
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F Q4 2023 · Very weak call · 2024-03-01Management gave no formal guidance against slowing demand and contracting margins. The delivery was frequently evasive, visibly under pressure, promotional in tone.
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F Q3 2023 · Very weak call · 2023-11-06Management raised guidance against mixed demand signals and contracting margins. The delivery was frequently evasive, promotional in tone.
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View 28 earlier calls
| Call | Date | Grade | Guidance | Demand | Margins | Candor | Evasion |
|---|---|---|---|---|---|---|---|
| Q2 2023 | 2023-08-08 | F | none | unclear | unclear | 6/9 | 4/9 |
| Q1 2023 | 2023-05-14 | C | none | mixed | contracting | 7/9 | 4/9 |
| Q4 2022 | 2023-02-24 | D | none | mixed | expanding | 6/9 | 5/9 |
| Q3 2022 | 2022-11-05 | D | maintained | mixed | contracting | 6/9 | 5/9 |
| Q2 2022 | 2022-08-06 | D | maintained | mixed | contracting | 7/9 | 4/9 |
| Q1 2022 | 2022-05-08 | F | none | mixed | contracting | 6/9 | 6/9 |
| Q4 2021 | 2022-02-25 | F | none | mixed | contracting | 6/9 | 4/9 |
| Q3 2021 | 2021-11-09 | C | maintained | stable | expanding | 6/9 | 3/9 |
| Q2 2021 | 2021-08-04 | B | maintained | mixed | expanding | 7/9 | 2/9 |
| Q1 2021 | 2021-05-09 | B | none | accelerating | expanding | 7/9 | 2/9 |
| Q4 2020 | 2021-02-23 | C+ | maintained | mixed | expanding | 7/9 | 3/9 |
| Q3 2020 | 2020-11-07 | C | none | mixed | expanding | 6/9 | 5/9 |
| Q2 2020 | 2020-08-08 | C+ | none | mixed | expanding | 7/9 | 2/9 |
| Q1 2020 | 2020-05-08 | D | none | mixed | stable | 7/9 | 4/9 |
| Q4 2019 | 2020-02-24 | C | none | accelerating | expanding | 7/9 | 3/9 |
| Q2 2019 | 2019-08-11 | C | none | mixed | contracting | 7/9 | 4/9 |
| Q1 2019 | 2019-05-08 | C | none | stable | expanding | 6/9 | 3/9 |
| Q4 2018 | 2019-02-21 | D | none | mixed | contracting | 6/9 | 6/9 |
| Q3 2018 | 2018-11-08 | C | none | mixed | expanding | 7/9 | 4/9 |
| Q2 2018 | 2018-08-10 | C+ | none | mixed | expanding | 7/9 | 4/9 |
| Q1 2018 | 2018-05-10 | C+ | none | accelerating | expanding | 6/9 | 3/9 |
| Q4 2017 | 2018-02-22 | C | none | accelerating | expanding | 6/9 | 4/9 |
| Q3 2017 | 2017-11-08 | C+ | none | accelerating | expanding | 7/9 | 3/9 |
| Q1 2017 | 2017-05-10 | C+ | maintained | mixed | contracting | 7/9 | 3/9 |
| Q3 2016 | 2016-11-08 | C+ | maintained | mixed | contracting | 7/9 | 3/9 |
| Q2 2016 | 2016-08-09 | C+ | maintained | mixed | stable | 7/9 | 3/9 |
| Q1 2016 | 2016-05-10 | B | maintained | mixed | expanding | 7/9 | 2/9 |
| Q4 2015 | 2016-02-24 | B | maintained | mixed | contracting | 7/9 | 2/9 |