Transcat to Host First Quarter Fiscal Year 2026 Conference Call and Webcast on Thursday, August 7, 2025 at 11:00 a.m. Eastern Time
The Company will host a conference call and webcast on Thursday, August 7, 2025 at 11:00 a.m. ET to review the financial and operating results for the period and discuss its corporate strategy and outlook. A question-and-answer session will follow.
First Quarter Fiscal Year 2026 Conference Call
Thursday, August 7, 2025
11:00 a.m. Eastern Time
Dial-in – Toll-Free US / Canada: (800) 267-6316
Dial-in – Toll / International: (203) 518-9783
Conference ID: TRANSCAT (THIS CONFERENCE ID WILL BE REQUIRED FOR ENTRY)
Webcast and accompanying slide presentation:
https://viavid.webcasts.com/starthere.jsp?ei=1727811&tp_key=beaff2fcef
A telephonic replay will be available from 3:00 p.m. ET on the day of the conference call through Thursday, August 14, 2025. To listen to the archived call, dial (844) 512-2921 from the US or Canada, or (412) 317-6671 from international locations, and enter conference ID number 11159645 or access the webcast replay at https://www.transcat.com/investor-relations, where a transcript will be posted once available.
About Transcat
Transcat, Inc. is a leading provider of accredited calibration, reliability, maintenance optimization, quality and compliance, validation, Computerized Maintenance Management System (CMMS), and pipette services. The Company is focused on providing best-in-class services and products to highly regulated industries, particularly the Life Science industry, which includes pharmaceutical, biotechnology, medical device, and other FDA-regulated businesses, as well as aerospace and defense, and energy and utilities. Transcat provides periodic on-site services, mobile calibration services, pickup and delivery, in-house services at its 33 Calibration Service Centers strategically located across the United States, Puerto Rico, Canada, and Ireland. Inclusive of customer embedded locations and other field offices, we operate out of more than 50 locations. The breadth and depth of measurement parameters addressed by Transcat's ISO/IEC 17025 scopes of accreditation are believed to be the best in the industry.
Transcat also operates as a leading value-added distributor that markets, sells, and rents new and used national and proprietary brand instruments to customers primarily in North America. The Company believes its combined Service and Distribution segment offerings, experience, technical expertise, and integrity creates a unique and compelling value proposition for its customers.
Transcat's strategy is to leverage its strong brand and unique value proposition that includes its comprehensive instrument service capabilities, enterprise asset management, and leading distribution platform to drive organic sales growth. The Company will also look to expand its addressable calibration market through acquisitions and capability investments to further realize the inherent leverage of its business model. More information about Transcat can be found at: Transcat.com.
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SOHU.COM REPORTS SECOND QUARTER 2025 UNAUDITED FINANCIAL RESULTS
BEIJING, Aug. 4, 2025 /PRNewswire/ -- Limited (NASDAQ: SOHU) ("Sohu" or the "Company"), a leading Chinese online media platform and game business group, today reported unaudited financial results for the second quarter ended June 30, 2025. Second Quarter Highlights Total revenues were US$126 million, down 27% year-over-year and 7% quarter-over-quarter. Marketing services revenues were US$16 million, down 21% year-over-year and up 14% quarter-over-quarter. Online game revenues were US$106 million, down 28% year-over-year and 10% quarter-over-quarter. GAAP net loss attributable to Limited was US$20 million, compared with a net loss of US$38 million in the second quarter of 2024 and net income[1] of US$182 million in the first quarter of 2025. Non-GAAP[2] net loss attributable to Limited was US$20 million, compared with a net loss of US$34 million in the second quarter of 2024 and a net loss of US$16 million in the first quarter of 2025. Dr. Charles Zhang, Chairman and CEO of Limited, commented, "In the second quarter of 2025, our marketing services revenues were in line with our expectations while our online game revenues and bottom-line performance hit the high end of our guidance. For the Sohu media platform, we continued to focus on refining products, enhancing the operation of our social networks, and improving synergies across our product matrix. During the quarter, we hosted differentiated events that not only attracted numerous participants with shared interests, but also encouraged them to build social connections and interact vibrantly with each other on our platform. With these efforts, we were able to increase user engagement, further consolidate our brand influence, and capture more monetization opportunities. Our online games delivered solid results, underpinned by our dedication to serving users' needs through compelling new content and continual optimization of our games." [1] In the first quarter of 2025, due to the expiration during the quarter of the statutory period for the U.S. Internal Revenue Service to conduct an examination of the Company's filing in connection with a one-time transition tax (the "Toll Charge") imposed by the U.S. Tax Cuts and Jobs Act, the Company fully reversed a tax expense that it had recognized as an uncertain tax position in the fourth quarter of 2018 upon the Company's re-evaluation and adjustment of a tax expense initially recognized in the fourth quarter of 2017 with respect to the Toll Charge. This reversal resulted in recognition during the first quarter of 2025 of a previously unrecognized income tax benefit and reversal of related accrued interest in a total amount of approximately $199 million. [2] Non-GAAP results exclude share-based compensation expense; changes in fair value recognized in the Company's consolidated statements of operations with respect to the Company's investments; and the income tax benefit in connection with the Toll Charge and related accrued interest expense. Explanation of the Company's non-GAAP financial measures and related reconciliations to GAAP financial measures are included in the accompanying "Non-GAAP Disclosure" and "Reconciliations of Non-GAAP Results of Operation Measures to the Nearest Comparable GAAP Measures." Second Quarter Financial Results Revenues Total revenues were US$126 million, down 27% year-over-year and 7% quarter-over-quarter. Marketing services revenues were US$16 million, down 21% year-over-year and up 14% quarter-over-quarter. Online game revenues were US$106 million, down 28% year-over-year and 10% quarter-over-quarter. Gross Margin Both GAAP and non-GAAP gross margin were 78%, compared with 67% in the second quarter of 2024 and 76% in the first quarter of 2025. Both GAAP and non-GAAP gross margin for the marketing services business were 17%, compared with 20% in the second quarter of 2024 and 10% in the first quarter of 2025. Both GAAP and non-GAAP gross margin for online games were 86%, compared with 76% in the second quarter of 2024 and 85% in the first quarter of 2025. Operating Expenses Both GAAP and non-GAAP operating expenses were US$120 million, down 25% year-over-year and 1% quarter-over-quarter. Operating Loss GAAP operating loss was US$22 million, compared with an operating loss of US$44 million in the second quarter of 2024 and an operating loss of US$19 million in the first quarter of 2025. Non-GAAP operating loss was US$22 million, compared with an operating loss of US$45 million in the second quarter of 2024 and an operating loss of US$19 million in the first quarter of 2025. Income Tax Expense/(Benefit) GAAP income tax expense was US$9 million, compared with income tax expense of US$9 million in the second quarter of 2024 and income tax benefit of US$189 million in the first quarter of 2025. In the first quarter of 2025, the Company reversed a tax expense that it had recognized as an uncertain tax position in previous years, and related accrued interest expense, in a total amount of approximately $199 million. Non-GAAP income tax expense was US$9 million, compared with income tax expense of US$5 million in the second quarter of 2024 and income tax expense of US$10 million in the first quarter of 2025. Net Income/(Loss) GAAP net loss attributable to Limited was US$20 million, or a net loss of US$0.69 per fully-diluted American depositary share ("ADS," each ADS representing one Sohu ordinary share), compared with a net loss of US$38 million in the second quarter of 2024 and net income of US$182 million in the first quarter of 2025. Non-GAAP net loss attributable to Limited was US$20 million, or a net loss of US$0.68 per fully-diluted ADS, compared with a net loss of US$34 million in the second quarter of 2024 and a net loss of US$16 million in the first quarter of 2025. Liquidity and Capital Resources As of June 30, 2025, cash and cash equivalents, short-term investments and long-term time deposits totaled approximately US$1.2 billion. Supplementary Information for Changyou Results[3] Second Quarter 2025 Operating Results For PC games, total average monthly active user accounts[4] (MAU) were 2.3 million, an increase of 6% year-over-year and flat quarter-over-quarter. Total quarterly aggregate active paying accounts[5] (APA) were 0.9 million, an increase of 8% year-over-year and a decrease of 3% quarter-over-quarter. The year-over-year increases in MAU and APA were mainly due to the improved performance of some of our older games, including Tian Long Ba Bu ("TLBB") PC, resulting from content updates and optimization launched during recent quarters. For mobile games, total average MAU were 1.9 million, a decrease of 60% year-over-year and 9% quarter-over-quarter. Total quarterly APA were 0.3 million, a decrease of 72% year-over-year and 9% quarter-over-quarter. The year-over-year decreases in MAU and APA were mainly due to the natural decline of New Westward Journey, which was launched in the Chinese mainland market during the second quarter of 2024. The quarter-over-quarter decreases were mainly due to the natural decline of Journey Renewed: Fate Fantasy, the international version of New Westward Journey, which was launched during the fourth quarter of 2024. [3] "Changyou Results" consist of the results of Changyou's online games business and its Website. [4] Monthly active user accounts refers to the number of registered accounts that are logged in to these games at least once during the month. [5] Quarterly aggregate active paying accounts refers to the number of accounts from which game points are utilized at least once during the quarter. Second Quarter 2025 Unaudited Financial Results Total revenues were US$107 million, a decrease of 28% year-over-year and 10% quarter-over-quarter. Online game revenues were US$106 million, a decrease of 28% year-over-year and 10% quarter-over-quarter. Both GAAP and non-GAAP gross profit were US$92 million, compared with US$112 million for the second quarter of 2024 and US$99 million for the first quarter of 2025. GAAP operating expenses were US$42 million, a decrease of 48% year-over-year and 8% quarter-over-quarter. The year-over-year decrease was mainly due to a decrease in marketing and promotional spending for our online games. Non-GAAP operating expenses were US$41 million, a decrease of 48% year-over-year and 8% quarter-over-quarter. GAAP operating profit was US$50 million, compared with US$32 million for the second quarter of 2024 and US$54 million for the first quarter of 2025. Non-GAAP operating profit was US$51 million, compared with US$32 million for the second quarter of 2024 and US$55 million for the first quarter of 2025. Recent Development Under the previously-announced share repurchase program of up to US$150 million of the outstanding ADSs, Sohu had repurchased 6.6 million ADSs for an aggregate cost of approximately US$83 million as of July 31, 2025. Business Outlook For the third quarter of 2025, Sohu estimates: Marketing services revenues to be between US$14 million and US$15 million; this implies an annual decrease of 20% to 25%, and a sequential decrease of 4% to 10%. Online game revenues to be between US$107 million and US$117 million; this implies an annual decrease of 8% to 16%, and a sequential increase of 1% to 10%. Both non-GAAP and GAAP net loss attributable to Limited to be between US$25 million and US$35 million. For the third quarter 2025 guidance, the Company has adopted a presumed exchange rate of RMB7.15=US$1.00, as compared with the actual exchange rate of approximately RMB7.12=US$1.00 for the third quarter of 2024, and RMB7.19=US$1.00 for the second quarter of 2025. This forecast reflects Sohu's management's current and preliminary view, which is subject to substantial uncertainty. Non-GAAP Disclosure To supplement the unaudited consolidated financial statements presented in accordance with accounting principles generally accepted in the United States of America ("GAAP"), Sohu's management uses non-GAAP measures of gross profit, operating profit/(loss), net income/(loss), net income/(loss) attributable to Limited and diluted net income/(loss) attributable to Limited per ADS, which are adjusted from results based on GAAP to exclude the impact of share-based compensation expense; changes in fair value recognized in the Company's consolidated statements of operations with respect to the Company's investments; and the income tax benefit in connection with the Toll Charge and related accrued interest expense. These measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. Sohu's management believes excluding share-based compensation expense; changes in fair value recognized in the Company's consolidated statements of operations with respect to the Company's investments; and the income tax benefit in connection with the Toll Charge and related accrued interest expense from the Company's non-GAAP financial measures is useful for itself and investors. Further, the impact of share-based compensation expense; changes in fair value recognized in the Company's consolidated statements of operations with respect to the Company's investments; and the income tax benefit in connection with the Toll Charge and related accrued interest expense could not be anticipated by management and business line leaders and these expenses were not built into the annual budgets and quarterly forecasts that have been the basis for information Sohu provides to analysts and investors as guidance for future operating performance. As share-based compensation expense, and changes in fair value recognized in the Company's consolidated statements of operations with respect to the Company's investments do not involve subsequent cash outflow or are reflected in the cash flows at the equity transaction level, Sohu does not factor in their impact when evaluating and approving expenditures or when determining the allocation of its resources to its business segments. As a result, in general, the monthly financial results for internal reporting and any performance measures for commissions and bonuses are based on non-GAAP financial measures that exclude share-based compensation expense and changes in fair value recognized in the Company's consolidated statements of operations with respect to the Company's investments, and also exclude the income tax benefit in connection with the Toll Charge and related accrued interest expense. The non-GAAP financial measures are provided to enhance investors' overall understanding of Sohu's current financial performance and prospects for the future. A limitation of using non-GAAP gross profit, operating profit/(loss), net income/(loss), net income/(loss) attributable to Limited, and diluted net income/(loss) attributable to Limited per ADS excluding share-based compensation expense is that this expense has been and can be expected to continue to recur in Sohu's business. It is also possible that changes in fair value recognized in the Company's consolidated statements of operations with respect to the Company's investments, will recur in the future. In order to mitigate these limitations Sohu has provided specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables include details on the reconciliation between the GAAP financial measures that are most directly comparable to the non-GAAP financial measures that have been presented. Notes to Financial Information Financial information in this press release other than the information indicated as being non-GAAP is derived from Sohu's unaudited financial statements prepared in accordance with GAAP. Safe Harbor Statement This announcement contains forward-looking statements. It is currently expected that the Business Outlook will not be updated until release of Sohu's next quarterly earnings announcement; however, Sohu reserves right to update its Business Outlook at any time for any reason. Statements that are not historical facts, including statements about Sohu's beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, instability in global financial and credit markets and its potential impact on the Chinese economy; exchange rate fluctuations, including their potential impact on the Chinese economy and on Sohu's reported U.S. dollar results; fluctuations in Sohu's quarterly operating results; the possibilities that Sohu will be unable to recoup its investment in content and will be unable to develop a series of successful games for mobile platforms or successfully monetize mobile games it develops or acquires; and Sohu's reliance on marketing services and online games for its revenues. Further information regarding these and other risks is included in Sohu's annual report on Form 20-F for the year ended December 31, 2024, and other filings with and information furnished to the SEC. Conference Call and Webcast Sohu's management team will host a conference call at 7:30 a.m. U.S. Eastern Time, August 4, 2025 (7:30 p.m. Beijing/Hong Kong time, August 4, 2025) following the quarterly results announcement. Participants can register for the conference call by clicking here, which will lead them to the conference registration website. Upon registration, participants will receive details for the conference call, including the dial-in numbers and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin. The live Webcast and archive of the conference call will be available on the Investor Relations section of Sohu's website at About Sohu Limited (NASDAQ: SOHU) was established by Dr. Charles Zhang, one of China's internet pioneers, in the 1990s. Sohu operates one of the leading Chinese online media platforms and also engages in the online games business in the Chinese mainland. Sohu has built one of the most comprehensive matrices of Chinese language web properties, consisting of Sohu News App, Sohu Video App, the mobile portal the PC portal and the online games platform As a mainstream media platform with social features, Sohu is indispensable to the daily life of millions of Chinese, providing to a vast number of users a network of web properties and community based products, which offer a broad array of content such as news, information, text, picture, video, and live broadcasting. Sohu also attracts users to be highly engaged in content generation and distribution, and actively interact with each other on the platform. Sohu's online games business is conducted by its subsidiary Changyou which develops and operates a diverse portfolio of PC and mobile games, such as the well-known TLBB PC and Legacy TLBB Mobile. For investor and media inquiries, please contact: In China: Ms. Pu LimitedTel: +86 (10) 6272-6645E-mail: ir@ In the United States: Ms. Linda BergkampChristensenTel: +1 (480) 614-3004E-mail: LIMITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED, IN THOUSANDS EXCEPT PER SHARE AMOUNTS) Three Months EndedJun. 30, 2025Mar. 31, 2025Jun. 30, 2024Revenues: Marketing services $ 15,624 $ 13,725 $ 19,853 Online games105,994117,347146,997 Others4,6494,5735,483Total revenues126,267135,645172,333Cost of revenues:Marketing services (includes share-based compensation expense of nil, nil, and $1, respectively) 12,97912,34115,904Online games14,54418,13635,588Others 7682,6694,974Total cost of revenues28,29133,14656,466Gross profit97,976102,499115,867Operating expenses:Product development (includes share-based compensation expense of nil, nil, and $10, respectively) 58,82462,97265,209Sales and marketing (includes share-based compensation expense of $1, $1, and $10, respectively) 48,54545,58683,936General and administrative (includes share-based compensation expense of $352, $391, and $-421, respectively)12,92212,96911,012Total operating expenses120,291121,527160,157Operating loss(22,315)(19,028)(44,290)Other income, net3,4814,1995,572Interest income7,5707,7089,561Exchange difference185(119)231Loss before income tax expense(11,079)(7,240)(28,926)Income tax expense/(benefit)[6] 8,937(189,391)8,731Net income/(loss)(20,016)182,151(37,657)Less: Net loss attributable to the noncontrolling interest shareholders-(9)-Net income/(loss) attributable to Limited(20,016)182,160(37,657)Basic net income/(loss) per share/ADS attributable to Limited $ (0.69) $ 6.07 $ (1.16)Shares/ADSs used in computing basic net income/(loss) per share/ADS attributable to Limited[7]28,82630,00832,492Diluted net income/(loss) per share/ADS attributable to Limited $ (0.69) $ 6.07 $ (1.16)Shares/ADSs used in computing diluted net income/(loss) per share/ADS attributable to Limited28,82630,00832,492[6] See footnote 1. [7] Each ADS represents one ordinary share. LIMITED CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED, IN THOUSANDS)As of Jun. 30, 2025As of Dec. 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 114,277 $ 159,927 Restricted cash79- Short-term investments711,784744,498 Accounts receivable, net43,44353,762 Prepaid and other current assets 91,37283,575 Total current assets960,9551,041,762 Fixed assets, net247,829252,860 Goodwill 47,00546,944 Long-term investments, net43,49643,120 Intangible assets, net5,3847,695 Long-term time deposits361,810331,290 Other assets10,03810,995 Total assets $ 1,676,517 $ 1,734,666LIABILITIES Current liabilities: Accounts payable $ 35,649 $ 36,043 Accrued liabilities92,65797,138 Receipts in advance and deferred revenue54,73951,007 Accrued salary and benefits42,26947,232 Taxes payables11,60414,225 Other short-term liabilities78,48576,322 Total current liabilities $ 315,403 $ 321,967Long-term other payables2,8702,807 Long-term tax liabilities295,381485,545 Other long-term liabilities7781,659 Total long-term liabilities $ 299,029 $ 490,011 Total liabilities $ 614,432 $ 811,978 SHAREHOLDERS' EQUITY: Limited shareholders' equity1,061,741922,335 Noncontrolling interest344353 Total shareholders' equity $ 1,062,085 $ 922,688Total liabilities and shareholders' equity $ 1,676,517 $ 1,734,666 LIMITED RECONCILIATIONS OF NON-GAAP RESULTS OF OPERATIONS MEASURES TO THE NEAREST COMPARABLE GAAP MEASURES (UNAUDITED, IN THOUSANDS EXCEPT PER SHARE AMOUNTS)Three Months Ended Jun. 30, 2025Three Months Ended Mar. 31, 2025Three Months Ended Jun. 30, 2024 GAAPNon-GAAP AdjustmentNon-GAAPGAAPNon-GAAP AdjustmentNon-GAAPGAAPNon-GAAP AdjustmentNon-GAAP- (a) - (a) 1 (a)Marketing services gross profit $ 2,645 $ - $ 2,645 $ 1,384 $ - $ 1,384 $ 3,949 $ 1 $ 3,950 Marketing services gross margin17 %17 %10 %10 %20 %20 %- (a) - (a) - (a)Online games gross profit $ 91,450 $ - $ 91,450 $ 99,211 $ - $ 99,211 $ 111,409 $ - $ 111,409 Online games gross margin86 %86 %85 %85 %76 %76 %- (a) - (a) - (a)Others gross profit $ 3,881 $ - $ 3,881 $ 1,904 $ - $ 1,904 $ 509 $ - $ 509 Others gross margin83 %83 %42 %42 %9 %9 %- (a) - (a) 1 (a)Gross profit $ 97,976 $ - $ 97,976 $ 102,499 $ - $ 102,499 $ 115,867 $ 1 $ 115,868 Gross margin78 %78 %76 %76 %67 %67 % Operating expenses $ 120,291 $ (353) (a) $ 119,938 $ 121,527 $ (392) (a) $ 121,135 $ 160,157 $ 401 (a) $ 160,558353 (a) 392 (a) (400) (a)Operating loss $ (22,315) $ 353 $ (21,962) $ (19,028) $ 392 $ (18,636) $ (44,290) $ (400) $ (44,690) Operating margin-18 %-17 %-14 %-14 %-26 %-26 %Income tax expense/(benefit) $ 8,937 $ - (c)$ 8,937 $ (189,391) $ 199,018 (c)$ 9,627 $ 8,731 $ (3,764) (c)$ 4,967353 (a) 392 (a) (400) (a)--131 (b)-(199,018) (c) 3,764 (c)Net income/(loss) before non-controlling interest $ (20,016) $ 353 $ (19,663) $ 182,151 $ (198,626) $ (16,475) $ (37,657) $ 3,495 $ (34,162)353 (a) 392 (a) (400) (a)--131 (b)-(199,018) (c) 3,764 (c)Net income/( loss) attributable to Limited for diluted net loss per share/ADS $ (20,016) $ 353 $ (19,663) $ 182,160 $ (198,626) $ (16,466) $ (37,657) $ 3,495 $ (34,162) Diluted net income/( loss) per share/ADS attributable to Limited $ (0.69)(0.68) $ 6.07(0.55) $ (1.16)(1.05) Shares/ADSs used in computing diluted net income/( loss) per share/ADS attributable to Limited28,82628,82630,00830,00832,49232,492 Note: (a) Share-based compensation expense (b) Change in the fair value of the Company's investments (c) Reversal of the tax expense in connection with the Toll Charge and related accrued interest expense. View original content to download multimedia: SOURCE Limited
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The use of certain words, including 'anticipate,' 'believe,' 'can,' 'could,' 'estimate,' 'expect,' 'may,' 'might,' 'potential,' 'intend,' 'should,' 'will,' or the negative of these and similar expressions, is intended to identify forward-looking statements. Although the Company believes its expectations are based on reasonable assumptions, these forward-looking statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks and uncertainties include, among other things, the uncertainties inherent in research and development, including related to safety, progression of and results from its ongoing and planned clinical trials and preclinical studies, review and approvals by regulatory authorities of its product candidates, the Company's reliance on third parties to manufacture its product candidates, the Company's commercialization efforts and the Company's continued ability to raise capital to fund its development. For an additional discussion of risks and uncertainties, which could cause the Company's actual results, financial condition, performance or achievements to differ from those contained in the forward-looking statements, please refer to the Risk Factors ('Facteurs de Risque") section of the Universal Registration Document filed with the French Financial Markets Authority ('AMF'), which is available on the AMF website or on Innate Pharma's website, and public filings and reports filed with the U.S. Securities and Exchange Commission ('SEC'), including the Company's Annual Report on Form 20-F for the year ended December 31, 2024, and subsequent filings and reports filed with the AMF or SEC, or otherwise made public by the Company. References to the Company's website and the AMF website are included for information only and the content contained therein, or that can be accessed through them, are not incorporated by reference into, and do not constitute a part of, this press release. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by the Company or any other person that the Company will achieve its objectives and plans in any specified time frame or at all. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. This press release and the information contained herein do not constitute an offer to sell or a solicitation of an offer to buy or subscribe to shares in Innate Pharma in any country.
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- Business Wire
Elliptic Labs Launches Three Smartphone Models with vivo and HONOR for July 2025
OSLO, Norway--(BUSINESS WIRE)-- Elliptic Labs (OSE: ELABS), a global AI software company and the world leader in AI Virtual Smart Sensors™ currently deployed in over half a billion devices, has launched its AI Virtual Smart Sensor Platform™ on three smartphone models in July 2025. HONOR launched two smartphones: the HONOR X70 Series. vivo announced one smartphone: the vivo X200FE smartphone. For 2025 year-to-date, Elliptic Labs has launched on a total of 39 smartphone models. Lastly, with the HONOR X70 Series shipment, Elliptic Labs surpassed 200 smartphone models shipped in its history! 'Elliptic Labs' AI Virtual Smart Sensor Platform was launched on three smartphone models in July 2025, bringing our total to 39 smartphone model launches year-to-date 2025,' said Laila Danielsen, CEO of Elliptic Labs. Share 'Elliptic Labs' AI Virtual Smart Sensor Platform was launched on three smartphone models in July 2025, bringing our total to 39 smartphone model launches year-to-date 2025,' said Laila Danielsen, CEO of Elliptic Labs. AI Virtual Proximity Sensor INNER BEAUTY Elliptic Labs' AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen's touch functionality. This keeps the user's ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life. Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs' AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk. INNER BEAUTY is a registered trademark of Elliptic Labs. AI Virtual Smart Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs. All other trademarks or service markets are the responsibility of their respective organizations. About Elliptic Labs Elliptic Labs' AI Virtual Smart Sensor Platform™ brings contextual intelligence to devices, enhancing user experiences. Our technology uses proprietary deep neural networks to create AI-powered Virtual Smart Sensors that improve personalization, privacy, and productivity. Currently deployed in over 500 million devices, our platform works across all devices, operating systems, platforms, and applications. By utilizing system-level telemetry data to cloud-based Large Language Models (LLMs), the AI Virtual Smart Sensor Platform delivers the unrivaled capability to utilize output data from every available data source. This approach allows devices to better understand and respond to their environment, making technology more intuitive and user-friendly. At Elliptic Labs, we're not just adapting to the future of technology – we're actively shaping it. Our goal is to continue pushing the boundaries of contextual intelligence, creating more intuitive and powerful experiences for users worldwide. Elliptic Labs is headquartered in Norway with presence in the USA, China, South-Korea, Taiwan, and Japan. The company is listed on the Oslo Stock Exchange. Its technology and IP are developed in Norway and are solely owned by the company.
