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Globant Reports 2024 Second Quarter Financial Results

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Growth Outlook Remains Strong, Executing on Profitability

Second quarter revenues of $587.5 million, up 18.1% year-over-yearIFRS Diluted EPS of $0.87 for the second quarter Non-IFRS Adjusted Diluted EPS of $1.51 for the second quarter

LUXEMBOURG, Aug. 15, 2024 /PRNewswire/ — Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced results for the three and six months ended June 30, 2024.

Please see highlights below. Note that reconciliations between IFRS and Non-IFRS financial measures are disclosed at the end of this press release.

Second Quarter 2024 Financial Highlights

Revenues rose to $587.5 million, representing 18.1% year-over-year growth.IFRS Gross Profit Margin was 35.7% compared to 36.3% in the second quarter of 2023.Non-IFRS Adjusted Gross Profit Margin was 38.1% compared to 38.3% in the second quarter of 2023.IFRS Profit from Operations Margin was 9.2% compared to 9.4% in the second quarter of 2023.Non-IFRS Adjusted Profit from Operations Margin was 15.1% compared to 15.0% in the second quarter of 2023.IFRS Diluted EPS was $0.87 compared to $0.85 in the second quarter of 2023.Non-IFRS Adjusted Diluted EPS was $1.51 compared to $1.36 in the second quarter of 2023.

Six months ended June 30, 2024 Financial Highlights

Revenues rose to $1,158.5 million, representing 19.4% year-over-year growth.IFRS Gross Profit Margin was 35.5% compared to 36.0% in the first six months of 2023.Non-IFRS Adjusted Gross Profit Margin was 38.0% compared to 38.2% in the first six months of 2023.IFRS Profit from Operations Margin was 8.8% compared to 9.4% in the first six months of 2023.Non-IFRS Adjusted Profit from Operations Margin was 15.0% compared to 15.0% in the first six months of 2023.IFRS Diluted EPS was $1.89 compared to $1.70 in the first six months of 2023.Non-IFRS Adjusted Diluted EPS was $3.04 compared to $2.64 in the first six months of 2023.

Other Metrics as of and for the quarter ended June 30, 2024

Cash and cash equivalents and Short-term investments were $180.4 million as of June 30, 2024, a decrease of $142.9 million from $323.3 million as of December 31, 2023, driven mainly by payments of bonuses, investments in our platform business, partial repayment of our credit facility and a number of M&A earnout payments. As of June 30, 2024, we had a total amount of $125 million drawn from our credit facility.Globant completed the second quarter of 2024 with 29,112 Globers, 27,133 of whom were technology, design and innovation professionals.The geographic revenue breakdown for the second quarter of 2024 was as follows: 56.3% from North America (top country: US), 23.0% from Latin America (top country: Argentina), 16.9% from Europe (top country: Spain) and 3.8% from New Markets1 (top country: Saudi Arabia).Globant’s top customer, top five customers and top ten customers for the second quarter of 2024 represented 8.3%, 21.0% and 30.3% of revenues, respectively.During the twelve months ended June 30, 2024, Globant served a total of 958 customers (with revenues over $100,000 in the last twelve months) and continued to increase its wallet share, with 329 accounts generating more than $1 million of annual revenues, compared to 283 for the same period one year ago.In terms of currencies, 67.1% of Globant’s revenues for the second quarter of 2024 were denominated in US dollars.

“As we celebrate our tenth anniversary as a public company, Globant remains steadfast in its commitment to long-term growth and industry leadership. Our recent quarterly results demonstrate robust revenue growth and strong performance across all regions and verticals, particularly in media, sports, and entertainment. Our AI-related revenues have significantly grown by nearly 130% in the first half of 2024, underscoring our pivotal role in the ongoing AI revolution. With the unveiling of our AI agents, which enhance the software development life cycle, and the introduction of the Globant GUT Network at the Cannes Lions International Festival of Creativity, we are poised to meet the growing demands for AI-based solutions across the global economy. Our entrepreneurial and innovative mindset continues to drive us forward, fostering lasting client relationships and delivering exceptional shareholder returns,” said Martín Migoya, Globant’s CEO and co-founder. “As we look ahead, we are optimistic about our record-high pipeline and the transformative potential of generative AI to shape the future of our industry.”

“We are very proud of the results today, which reflect our strong execution. This quarter, we achieved revenues of $587.5 million, up 18.1% year-over-year, driven by a broad-based performance. Our ability to maintain high profitability, despite the challenging economic environment, is a reflection of our operational efficiency. As we look ahead, we are maintaining a strong growth outlook for the remainder of the year. This is supported by our continued expansion across different regions and our investments in broadening our service offering. Additionally, the increase in AI-related revenues is translating into tangible revenue growth for Globant. We remain encouraged by the opportunities ahead for the company, and are committed to delivering industry leading growth and profitability,” explained Juan Urthiague, Globant’s CFO.

2024 Third Quarter and Full Year Outlook

Based on current market conditions, Globant is providing the following estimates for the third quarter and the full year of 2024:

Third quarter 2024 Revenues are estimated to be in the range of $611.0 million to $617.0 million, or 12.1% to 13.2% year-over-year growth.Third quarter 2024 Non-IFRS Adjusted Profit from Operations Margin is estimated to be in the range of 15.0% to 16.0%.Third quarter 2024 Non-IFRS Adjusted Diluted EPS is estimated to be in the range of $1.60 to $1.64 (assuming an average of 44.4 million diluted shares outstanding during the third quarter).Fiscal year 2024 Revenues are estimated to be in the range of $2,407.0 million to $2,421.0 million, implying a 14.8% to 15.5% year-over-year revenue growth.Fiscal year 2024 Non-IFRS Adjusted Profit from Operations Margin is estimated to be in the range of 15.0% to 15.5%.Fiscal year 2024 Non-IFRS Adjusted Diluted EPS is estimated to be in the range of $6.30 to $6.50 (assuming an average of 44.3 million diluted shares outstanding during 2024).

Conference Call and Webcast
Martin Migoya, Globant’s CEO and co-founder, Juan Urthiague, Globant’s CFO, Patricia Pomies, Globant’s COO, and Diego Tártara, Globant’s  CTO, will discuss the second quarter 2024 results in a video conference call today beginning at 4:30pm ET.

Video conference call access information is:
https://more.globant.com/F2Q24EarningsCall
Webcast http://investors.globant.com/ 

About Globant (NYSE:GLOB)
At Globant, we create the digitally-native products that people love. We bridge the gap between businesses and consumers through technology and creativity, leveraging our expertise in AI. We dare to digitally transform organizations and strive to delight their customers.

We have more than 29,100 employees and we are present in more than 30 countries across 5 continents working for companies like Google, Electronic Arts and Santander, among others.

We were named a Worldwide Leader in CX Improvement by IDC MarketScape report. We were also featured as a business case study at Harvard, MIT and Stanford. We are a member of the Cybersecurity Tech Accord.

For more information, please visit www.globant.com 

Non-IFRS Financial Measures

While the financial figures included in this press release have been computed in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”), applicable to interim periods, this announcement does not contain sufficient information to constitute an interim financial report as defined in International Accounting Standards 34, “Interim Financial Reporting” nor a financial statement as defined by International Accounting Standards 1 “Presentation of Financial Statements”. The financial information in this press release has not been audited.

Globant provides non-IFRS financial measures in addition to reported IFRS results prepared in accordance with IFRS. Management believes these measures help illustrate underlying trends in the company’s business and uses the non-IFRS financial measures to establish budgets and operational goals, communicated internally and externally, for managing the company’s business and evaluating its performance. The company anticipates that it will continue to report both IFRS and certain non-IFRS financial measures in its financial results, including non-IFRS measures that exclude share-based compensation expense, depreciation and amortization, acquisition-related charges, and the related effect on income taxes of the pre-tax adjustments. Because the company’s non-IFRS financial measures are not calculated according to IFRS, these measures are not comparable to IFRS and may not necessarily be comparable to similarly described non-IFRS measures reported by other companies within the company’s industry. Consequently, Globant’s non-IFRS financial measures should not be evaluated in isolation or supplant comparable IFRS measures, but, rather, should be considered together with its condensed interim consolidated statements of financial position as of June 30, 2024 and December 31, 2023 and its condensed interim consolidated statements of comprehensive income for the three and six months ended June 30, 2024 and 2023, prepared in accordance with International Accounting Standard (“IAS”) 34, “Interim Financial Reporting”.

Globant is not providing a quantitative reconciliation of forward-looking Non-IFRS Adjusted Profit from Operations Margin or Non-IFRS Adjusted Diluted EPS to the most directly comparable IFRS measure because it is unable to predict with reasonable certainty the ultimate outcome of certain significant items without unreasonable effort. These items include, but are not limited to, share-based compensation expense, acquisition-related charges, and the tax effect of non-IFRS adjustments. These items are uncertain, depend on various factors, and could have a material impact on IFRS reported results for the guidance period.

Forward Looking Statements
In addition to historical information, this release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. These statements include, but are not limited to, statements regarding our future financial and operating performance, including our outlook and guidance, and our strategies, priorities and business plans. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could impact our actual results include: our ability to maintain current resource utilization rates and productivity levels; our ability to manage attrition and attract and retain highly-skilled IT professionals; our ability to accurately price our client contracts; our ability to achieve our anticipated growth; our ability to effectively manage our rapid growth; our ability to retain our senior management team and other key employees; our ability to continue to innovate and remain at the forefront of emerging technologies and related market trends; our ability to retain our business relationships and client contracts; our ability to manage the impact of global adverse economic conditions; our ability to manage uncertainty concerning the instability in the current economic, political and social environment in Latin America; and other factors discussed under the heading “Risk Factors” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission and any other risk factors we include in subsequent reports on Form 6-K.

Because of these uncertainties, you should not make any investment decisions based on our estimates and forward-looking statements. Except as required by law, we undertake no obligation to publicly update any forward-looking statements for any reason after the date of this press release whether as a result of new information, future events or otherwise.

Globant S.A.
Condensed Interim Consolidated Statements of Comprehensive Income
(In thousands of U.S. dollars, except per share amounts, unaudited)

Six Months Ended

Three Months Ended

June 30, 2024

June 30, 2023

June 30, 2024

June 30, 2023

Revenues

1,158,539

969,952

587,461

497,531

Cost of revenues

(746,769)

(620,814)

(377,912)

(316,690)

Gross profit

411,770

349,138

209,549

180,841

Selling, general and administrative expenses

(306,699)

(247,533)

(154,585)

(128,176)

Net impairment losses on financial assets

(5,327)

(11,358)

(3,162)

(6,641)

Other operating income and expenses, net

1,961

614

1,961

614

Profit from operations

101,705

90,861

53,763

46,638

46638

Finance income

2,527

2,176

1,402

941

Finance expense

(13,502)

(9,402)

(6,233)

(5,230)

Other financial results, net

5,606

8,429

532

4,667

Financial results, net

(5,369)

1,203

(4,299)

378

Share of results of investment in associates

56

15

70

(41)

Other income and expenses, net

10,606

1,301

595

(186)

Profit before income tax

106,998

93,380

50,129

46,789

Income tax

(23,044)

(20,089)

(10,104)

(9,883)

Net income for the period

83,954

73,291

40,025

36,906

Other comprehensive income, net of income tax effects

Items that may be reclassified subsequently to profit and loss:

– Exchange differences on translating foreign operations

(43,013)

1,252

(24,405)

(1,489)

– Net change in fair value on financial assets measured at FVOCI

1,019

(2,331)

894

(2,356)

– Gains and losses on cash flow hedges

(13,133)

3,879

(4,378)

(327)

Total comprehensive income for the period

28,827

76,091

12,136

32,734

Net income attributable to:

Owners of the Company

83,718

73,412

38,658

36,993

Non-controlling interest

236

(121)

1,367

(87)

Net income for the period

83,954

73,291

40,025

36,906

Total comprehensive income for the period attributable to:

Owners of the Company

30,598

75,027

11,589

32,898

Non-controlling interest

(1,771)

1,064

547

(164)

Total comprehensive income for the period

28,827

76,091

12,136

32,734

Earnings per share

Basic

1.94

1.73

0.89

0.87

Diluted

1.89

1.70

0.87

0.85

Weighted average of outstanding shares (in thousands)

Basic

43,172

42,362

43,244

42,426

Diluted

44,220

43,309

44,292

43,373

 

Globant S.A.
Condensed Interim Consolidated Statements of Financial Position as of June 30, 2024 and December 31, 2023
(In thousands of U.S. dollars, unaudited)

June 30, 2024

December 31, 2023

ASSETS

Current assets

Cash and cash equivalents

157,629

307,223

Investments

22,736

16,070

Trade receivables

578,819

499,283

Other assets

25,312

31,753

Other receivables

64,745

54,786

Other financial assets

4,338

15,418

Total current assets

853,579

924,533

Non-current assets

Investments

2,115

1,833

Other assets

4,973

4,088

Other receivables

26,243

26,475

Deferred tax assets

59,763

60,777

Investment in associates

1,482

1,426

Other financial assets

37,008

34,864

Property and equipment

151,873

162,736

Intangible assets

284,518

285,661

Right-of-use assets

120,676

119,400

Goodwill

1,076,761

1,105,073

Total non-current assets

1,765,412

1,802,333

TOTAL ASSETS

2,618,991

2,726,866

LIABILITIES

Current liabilities

Trade payables

101,251

124,545

Payroll and social security taxes payable

191,950

221,843

Borrowings

125,605

156,916

Other financial liabilities

67,659

68,750

Lease liabilities

31,809

47,852

Tax liabilities

25,797

33,229

Income tax payable

5,565

11,287

Other liabilities

1,611

896

Total current liabilities

551,247

665,318

Non-current liabilities

Trade payables

3,173

2,981

Borrowings

1,777

2,191

Other financial liabilities

91,070

135,238

Lease liabilities

84,205

70,884

Deferred tax liabilities

19,861

21,098

Income tax payable

4,372

—

Payroll and social security taxes payable

3,470

5,139

Provisions for contingencies

20,718

28,336

Total non-current liabilities

228,646

265,867

TOTAL LIABILITIES

779,893

931,185

Capital and reserves

Issued capital

52,039

51,705

Additional paid-in capital

1,041,459

1,022,918

Other reserves

(95,168)

(42,048)

Retained earnings

780,807

697,089

Total equity attributable to owners of the Company

1,779,137

1,729,664

Non-controlling interests

59,961

66,017

Total equity

1,839,098

1,795,681

TOTAL EQUITY AND LIABILITIES

2,618,991

2,726,866

 

Globant S.A.
Selected Cash Flow Data
(In thousands of U.S. dollars, unaudited)

Three Months Ended

June 30, 2024

June 30, 2023

Net Income for the period

40,025

36,906

Non-cash adjustments, taxes and others

41,788

61,928

Changes in working capital

(71,646)

(62,444)

Cash flows from operating activities

10,167

36,390

Capital expenditures

(38,155)

(27,822)

Cash flows from investing activities

(60,656)

(35,510)

Cash flows from financing activities

(17,514)

(13,256)

Net decrease in cash & cash equivalents

(68,003)

(12,376)

 

Globant S.A.
Supplemental Non-IFRS Financial Information
(In thousands of U.S. dollars, unaudited)

Six Months Ended

Three Months Ended

June 30,
2024

June 30,
2023

June 30,
2024

June 30,
2023

Reconciliation of adjusted gross profit

Gross profit

411,770

349,138

209,549

180,841

Depreciation and amortization expense

15,958

13,033

8,525

6,601

Share-based compensation expense – Equity settled

12,901

8,778

5,759

3,188

Adjusted gross profit

440,629

370,949

223,833

190,630

Adjusted gross profit margin

38.0 %

38.2 %

38.1 %

38.3 %

Reconciliation of selling, general and administrative expenses

Selling, general and administrative expenses

(306,699)

(247,533)

(154,585)

(128,176)

Depreciation and amortization expense

50,507

40,489

25,442

20,710

Share-based compensation expense – Equity settled

26,714

24,995

14,399

13,865

Acquisition-related charges (a)

15,584

9,118

5,986

4,570

Adjusted selling, general and administrative expenses

(213,894)

(172,931)

(108,758)

(89,031)

Adjusted selling, general and administrative expenses as % of revenues

(18.5) %

(17.8) %

(18.5) %

(17.9) %

Reconciliation of adjusted profit from operations

Profit from operations

101,705

90,861

53,763

46,638

Share-based compensation expense – Equity settled

39,615

33,773

20,158

17,053

Acquisition-related charges (a)

32,880

21,142

14,736

10,727

Adjusted profit from operations

174,200

145,776

88,657

74,418

Adjusted profit from operations margin

15.0 %

15.0 %

15.1 %

15.0 %

Reconciliation of net income for the period

Net income for the period

83,718

73,412

38,658

36,993

Share-based compensation expense – Equity settled

39,425

33,749

20,077

17,029

Acquisition-related charges (a)

26,380

20,761

16,440

10,889

Tax effect of non-IFRS adjustments

(15,117)

(13,660)

(8,313)

(6,053)

Adjusted net income

134,406

114,262

66,862

58,858

Adjusted net income margin

11.6 %

11.8 %

11.4 %

11.8 %

Calculation of adjusted diluted EPS

Adjusted net income

134,406

114,262

66,862

58,858

Diluted shares

44,220

43,309

44,292

43,373

Adjusted diluted EPS

3.04

2.64

1.51

1.36

(a)  Acquisition-related charges include, when applicable, amortization of purchased intangible assets included in depreciation and amortization expense line on our consolidated statements of comprehensive income, interest charges on acquisition-related indebtedness, external deal costs, acquisition-related retention bonuses, integration costs, changes in the fair value of contingent consideration liabilities, and other acquisition-related costs. We cannot provide acquisition-related charges on a forward-looking basis without unreasonable effort as such charges may fluctuate based on the timing, size, and complexity of future acquisitions as well as other uncertainty inherent in mergers and acquisitions.

 

Globant S.A.
Schedule of Supplemental Information (unaudited)

Metrics

Q2 2023

Q3 2023

Q4 2023

Q1 2024

Q2 2024

Total Employees

25,947

27,505

29,150

28,991

29,112

IT Professionals

24,163

25,575

27,116

26,933

27,133

North America Revenues %

60.6

58.9

57.4

56.0

56.3

Latin America Revenues %

22.0

21.6

22.9

22.9

23.0

Europe Revenues %

13.8

15.9

15.8

17.2

16.9

New Markets Revenues %

3.6

3.6

3.9

3.9

3.8

USD Revenues %

73.9

72.5

68.6

68.4

67.1

Other Currencies Revenues %

26.1

27.5

31.4

31.6

32.9

Top Customer %

8.8

8.7

8.2

8.3

8.3

Top 5 Customers %

23.7

22.5

21.4

21.8

21.0

Top 10 Customers %

33.3

32.2

30.8

30.1

30.3

Customers Served (Last Twelve Months)*

835

889

930

955

958

Customers with >$1M in Revenues (Last Twelve Months)

283

305

311

318

329

(*) Represents customers with more than $100,000 in revenues in the last twelve months.

Investor Relations Contact:
Arturo Langa, Globant
investors@globant.com
+1 (877) 215-5230

Media Contact:
Wanda Weigert, Globant
pr@globant.com
+1 (877) 215-5230

1 Represents Asia, Oceania and the Middle East.

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SOURCE Globant

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Stoneridge to Participate in the Stephens Annual Investment Conference

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NOVI, Mich., Nov. 11, 2026 /PRNewswire/ — Stoneridge, Inc. (NYSE: SRI) today announced that the company will participate in the Stephens Annual Investment Conference, to be held November 17-19, 2026, at The Grand Hyatt in Nashville, Tennessee. Scott Humphrey, Chief Financial Officer, and Mike Swartz, Investor Relations, will host one-on-one meetings with investors attending the conference.

Investors who would like to schedule a meeting with Stoneridge can do so by contacting their Stephens representative. Those who are not attending the conference and would like to schedule a call should contact Mike Swartz at Mike.Swartz@stoneridge.com.

About Stoneridge, Inc.
Stoneridge, Inc., headquartered in Novi, Michigan, is a global supplier of safe and efficient electronic systems and technologies. Our systems and products power vehicle intelligence, while enabling safety and security for on- and off-highway transportation sectors around the world. Additional information about Stoneridge can be found at www.stoneridge.com.

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Aura Reports Third Quarter 2026 Results, Highlights Sustained Business Momentum and Transformative Platform Innovation

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Q3 revenue grew 24% YoY to $87.9 million, corresponding to Q3 ARR of $355.0 million, also a 24% increase year over year.Generated positive Adjusted FCF of $12.4 million, a $15.5 million improvement year over year.Reaffirming full-year 2026 outlook for 20%+ ARR growth and positive Adjusted Free Cash Flow from Transaction Close through year-end.Introduced Solstice, an in-house AI engine built to protect families, and the new Aura running on it.

BOSTON, Nov. 11, 2026 /PRNewswire/ — Aura Consolidated Group, Inc. ARBN 695 488 843 (ASX: AXQ) (“Aura” or “the Company”), a global leader in online safety and wellbeing, today announced its financial results for the third quarter of 2026, the first quarter since completing the acquisition of Qoria on July 17, 2026 (“Transaction Close”).

On a pro forma basis, Aura exited the quarter with $355.0 million in annual recurring revenue (“ARR”), up 24% year over year, and generated positive Adjusted FCF of $12.4 million, a $15.5 million improvement year over year. The Company reaffirmed its full-year 2026 guidance of 20%+ ARR growth and positive Adjusted Free Cash Flow from Transaction Close to year-end.

Reflecting on the achievements in Q3’26, Aura’s Founder and CEO, Hari Ravichandran, said:

 “This quarter, we laid the foundation for our expanded long-term vision for Aura while delivering sustained revenue growth and positive free cash flow. At the same time, we are accelerating our pace of innovation, and earlier this week introduced Solstice, our in-house AI engine, along with an updated Aura experience, the first product built on that foundation.

“For decades, consumer security has pushed the hard work back onto the user. We’re reimagining protection from the ground up with Solstice and will unlock what no consumer security product has had: a deep understanding of the family, and the ability to help take action when the family asks.”

Aura’s Chief Financial Officer, Brian DeCenzo, added, “As generative AI fuels more frequent and sophisticated scams and new risks to children online, more families, schools, and employers are turning to Aura as their trusted source of protection. We are translating broad-based customer growth and strong product uptake into robust, sustainable revenue growth. That momentum, paired with our ongoing focus on operational efficiency, leaves us well positioned to deliver on both our 20%+ ARR growth and positive free cash flow targets this year, while building toward our medium-term financial objectives.”

Continued innovation

Introduced Solstice, an in-house AI engine built to protect families. Solstice will serve as the foundation under every Aura product, and it has five parts: data collectors, a household knowledge graph, a machine learning stack, a proprietary foundation model, and an action plane. The result: deep understanding of the family, and the means to take action when the family asks.Unveiled a new Aura experience, built on Solstice. The new Aura replaces alerts and to-do lists with a cohesive safety system that works for the family. Specialized AI agents monitor the household’s digital activity, decide what matters, and take action when directed. The new Aura is available in limited beta, with broader availability expected in early 2027.Launched Trusted Family Access, a consent-based offering that helps families protect aging parents and adult loved ones from scams and fraud.Data removal coverage surpassed 500 data brokers, a major milestone for privacy protection.Recognition for Aura Parents as one of TIME’s Best Inventions of 2026.

Cost reductions

Aura is executing ahead of plan on the $55 million cost-out program outlined in February 2026, with year-to-date and planned Q4 actions representing approximately $66 million in total savings. This includes $42 million in annualized direct and operating cost savings, driven by organizational realignment that significantly reduced the Company’s fixed cost base. Direct-to-Consumer (“D2C”) marketing spend is expected to decline $24 million in 2026 compared with 2025, while continuing to support investment in efficient growth.

Q3’26 pro forma financial highlights

Aura’s acquisition of Qoria became effective on July 17, 2026. As such, Q3’26 unaudited statutory financials reflect Aura’s full-quarter results, together with Qoria’s post-close results from July 17, 2026 through September 30, 2026. To provide a more representative view of the combined group’s performance and facilitate period-over-period comparability, this release and the related materials focus on unaudited pro forma results, combining Aura and Qoria for the full duration of each period presented. All dollar amounts are reported in U.S. currency unless otherwise noted.

Q3 revenue was $87.9 million, an increase of 24% year over year.ARR[1] was $355.0 million, an increase of 24% year over year.Adjusted FCF was $12.4 million, up $15.5 million year over year. From Transaction Close to September 30, consistent with Aura’s guidance framework, Adjusted FCF was $13.7 million.[2]Adjusted EBITDA of negative $14.9 million reflects a 45% year-over-year improvement.As of September 30, 2026, net debt was $2.6 million, a $7.3 million improvement since Transaction Close.

Q3’26 business highlights

Completed the Qoria acquisition and began integrating the two businesses, uniting protection across home, school, and work.Demonstrated strength across channels:D2C: Grew subscribers 13% year over year to 1.1 million and drove an 11% increase in ARPU alongside an 18% reduction in marketing spend.Enterprise: Reached approximately 2,300 employers, up 31% year over year, and approximately 7,000 K-12 districts, up 5%, with net revenue retention of 103%.

Capital markets update

Aura continuously evaluates strategic opportunities to optimize its business. As part of that ongoing assessment, management is evaluating a potential dual listing on a U.S. stock exchange alongside its ASX listing. While the Company remains secure in its capital position, management believes a dual listing could support its objective of maximizing long-term shareholder value through an expanded investor base and improved trading liquidity. Any potential dual listing remains subject to approval by Aura’s Board of Directors and the completion of required regulatory and other processes.

Investor conference call

A conference call will be held today as follows:

November 12, 2026 10:30am AEDT | November 11, 2026 6:30pm ESTLink to register: https://events.q4inc.com/attendee/159132282

This conference call and related materials will be publicly available and can be accessed at investors.aura.com. A replay will also be made available after the call.

The release of this announcement was authorized by the Aura Board of Directors.

About Aura

Aura (ASX: AXQ) is a global leader in online safety and wellbeing. Built on the belief that people deserve a trusted, always-on layer of protection, Aura’s AI-powered platform delivers protection for individuals, families, and enterprises—from proactive protection against identity theft, financial fraud, and online threats to tools that help schools and parents protect children from cyberbullying, harmful content, and threats to their wellbeing.

Aura’s platform spans the environments that matter most—home, school, and work—empowering people of all ages with end-to-end protection for every aspect of online life. Learn more at aura.com.

Forward-looking statements

This announcement and the accompanying presentation and conference call include certain statements that constitute “forward-looking statements” and “forward-looking information” regarding possible or assumed future performance or potential growth of the Company, which involve substantial risks and uncertainties.

In some cases, you can identify forward-looking statements by the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “predict,” “project,” “potential,” “should,” “will,” or “would” and/or the negative of these terms, or other comparable terminology intended to identify statements about the future.

They appear in a number of places throughout this release and the related materials and include statements regarding management’s intentions, beliefs, or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies, the industry in which the Company operates, and other information that is not historical information.

These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although management of the Company believes that it has a reasonable basis for the forward-looking statements, the Company cannot assure you that the Company will achieve or realize these plans, intentions, or expectations.

Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Except as required by applicable regulations or by law, the Company does not undertake to publicly update or review any forward-looking statements, whether as a result of new information or future events. See section 7.3 of the Qoria Scheme Booklet from May 2026 for further information.

Non-GAAP financial information

This announcement and the accompanying presentation and conference call contain pro forma information and certain measures of financial performance not determined in accordance with U.S. generally accepted accounting principles (“GAAP”), such as Adjusted EBITDA and Adjusted Free Cash Flow (the “non-GAAP financial measures”).

The non-GAAP financial measures are used by Company management to evaluate financial performance of, and determine resource allocation for, the Company’s operations. Items excluded from each of the non-GAAP financial measures are significant components in understanding and assessing financial performance.

The non-GAAP financial measures should not be considered in isolation, or as alternatives to, or substitutes for, pro forma loss from operations, loss before income taxes, or any other measure calculated in accordance with GAAP as indicators of financial performance or liquidity, and should be considered together with the Company’s GAAP financial measures.

Because the non-GAAP financial measures are not measurements determined in accordance with GAAP and are thus susceptible to varying definitions, the non-GAAP financial measures as presented may not be comparable to other similarly titled measures of other companies. Please refer to the earnings presentation for additional information.

Pro forma Adjusted EBITDA GAAP to non-GAAP reconciliation

Adjusted EBITDA is defined as net income (loss), adjusted to exclude interest, taxes, depreciation and amortization, IPO readiness costs, acquisition-related costs, stock-based compensation, mark-to-market gains/losses, and foreign currency exchange gains/losses.

Three months ended September 30,

 in US$M

2025

2026

Loss before income taxes

(40.5)

(66.3)

     Interest expense, net

1.6

1.8

     Depreciation and amortization

4.8

6.5

EBITDA

(34.1)

(58.0)

     IPO readiness costs

0.6

–

     Acquisition-related costs

0.5

29.8

     Mark-to-market gain/loss

(1.0)

6.3

     Stock-based compensation expense

5.2

5.1

     Foreign currency exchange loss

1.5

1.9

Adjusted EBITDA

(27.3)

(14.9)

Pro forma Adjusted FCF GAAP to non-GAAP reconciliation

Adjusted Free Cash Flow (“FCF”) is defined as operating cash flow less capital expenditures (including capitalized software development), excluding IPO readiness and acquisition-related costs paid in cash during the period.

Prior disclosures defined Adjusted FCF using accrual-based adjustments for IPO readiness and acquisition-related expenses. Please refer to the earnings presentation for additional information.

Three months ended September 30,

 in US$M

2025

2026

Net cash used in operations

3.2

(10.0)

     Capital expenditures

(6.5)

(3.9)

     Cash IPO readiness and acquisition-related costs

0.2

26.3

Adjusted FCF

(3.1)

12.4

Key operating metrics

The Company monitors several key operational and business metrics to measure performance, identify trends, prepare financial forecasts, and make strategic decisions. Operating metrics are derived from internal company systems and have not been audited or reviewed by the Company’s independent auditor. Due to the recency of the Transaction Close, certain operational data from legacy Qoria business lines have not yet been fully integrated into Aura’s systems and may be revised as integration progresses and methodologies are further aligned. Please refer to the earnings presentation for additional information on Aura’s key operating metrics.

ARPU: Average revenue per user (“ARPU”) is defined as total revenue attributable to the service period, including upsells and net of refunds, from all D2C subscribers active during a given period, divided by the total number of active D2C subscribers at the close of that same period, and expressed as a monthly figure.

ARR: Annualized recurring revenue (“ARR”) reflects annualized recurring GAAP revenue recognized in the final month of a given period. 

D2C subscriber: An active, paid subscription acquired through a D2C channel, as of period end.

Employer: A company accessed via the Employee Benefits channel that offers Aura as a workplace benefit.

Enterprise NRR: Defined as revenue attributable to a fixed cohort of K-12 districts and employers identified as active one year prior to the end of the measurement period, measured in the final quarter of the measurement period, divided by revenue attributable to those same K-12 districts and employers measured in the final quarter of the prior-year period. 

K-12 district: Defined as an administrative unit that manages and operates one or more primary or secondary schools serving kindergarten through 12th grade (“K–12”) within a specific geographic area, that is under an active contract to receive Aura’s student safety solutions.

1 Q3’26 ARR was updated following the Company’s Appendix 4C filing (previously reported as $357.4 million) to reflect updated reporting received from a partner post-quarter end and identified during the auditor’s review, which resulted in the reclassification of approximately $200,000 of September revenue from recurring to non-recurring.

2 Adjusted FCF reflects a revised definition compared to prior disclosures. Please refer to the “Forward-looking statements,” “Non-GAAP financial information,” and “Pro forma Adjusted FCF GAAP to non-GAAP reconciliation” sections of this release for additional information about Adjusted FCF.

CATEGORY: Financial News

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SOURCE Aura

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Reality Television Icon Audrina Patridge Launches New Podcast “Say More”

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Reality television icon Audrina Patridge launches ‘Say More’ November 12, a weekly audio and video podcast produced by Network One Digital, with advertising sales led by Amplitude Media Partners.

LOS ANGELES, Nov. 11, 2026 /PRNewswire-PRWeb/ — Reality television icon and author Audrina Patridge is returning to podcasting with Say More with Audrina Patridge, a new weekly series that brings celebrity friends, experts and other compelling guests together for honest conversations that go beyond the surface. The show premieres November 12 in both audio and video formats, with its official trailer available now. The launch also marks the beginning of two key partnerships—with Network One Digital (NOD) and Amplitude Media Partners (AMP)—designed to support the show’s growth and long-term success.

“I’ve spent so much of my life in front of the camera, but I feel like there’s still so much to learn, so many stories to share, and so many conversations worth having. That’s really what inspired Say More.” – Audrina Patridge

From dating, desire and relationships to motherhood, mental health and starting over, Say More will explore the subjects people discuss in their group chats, over brunch and with the friends who know them best. Guided by Patridge’s natural curiosity, sense of humor and life experience, each episode will use personal stories and unexpected questions to examine what people are really thinking, feeling and experiencing.

The podcast marks Patridge’s return to the medium after previously co-hosting Was It Real? The Hills Rewatch, which revisited the landmark MTV reality series that first introduced her to audiences. While her previous show looked back at The Hills, Say More gives Patridge an opportunity to explore the questions, relationships and life transitions shaping who she—and her audience—is today.

“I’ve spent so much of my life in front of the camera, but I feel like there’s still so much to learn, so many stories to share, and so many conversations worth having,” said Audrina Patridge. “That’s really what inspired Say More. I wanted to create a space where we can be ourselves, have real, honest conversations, laugh, learn from each other, and talk about everything from relationships and motherhood to personal growth and all the ups and downs of life. I’m in a different chapter of my life now, and I’m excited to explore new things, ask questions, and hopefully inspire others along the way. Shane and Travis at Network One Digital really understood what I wanted to create from the beginning, and they’ve been amazing partners in bringing this vision to life. I’m so excited for everyone to be a part of it!”

Patridge rose to prominence as one of the original stars of MTV’s The Hills, the influential reality series that chronicled the personal and professional lives of a group of young adults in Los Angeles. She later returned for The Hills: New Beginnings, competed on Dancing with the Stars, hosted NBC’s travel and lifestyle series 1st Look and starred in her own VH1 reality series, Audrina. Her additional credits include film roles in Sorority Row and Into the Blue 2: The Reef.

In 2022, Patridge released her memoir, Choices: To the Hills and Back Again, sharing her perspective on navigating fame, relationships, motherhood and life in the public eye. Those experiences will help inform the thoughtful, personal and occasionally provocative conversations at the heart of Say More.

Alongside conversations with celebrity guests and subject-matter experts, Patridge will connect each topic to the everyday realities of love, family, friendship, confidence and change. Episodes may move from relationship red flags and personal reinvention to listener questions and stories guests have never previously shared publicly. The show will also leave room for astrology, spirituality and subjects that may not have simple explanations—but remain irresistible to discuss.

Network One Digital (NOD) will oversee production of the series, creating a polished audio and video experience while helping Patridge translate her distinctive voice and perspective into a multiplatform show.

“Audrina Patridge has built an enduring connection with audiences who have followed her journey for nearly two decades,” said Shane Carmichael, CEO and Co-Founder of Network One Digital. “What makes this partnership particularly exciting is the opportunity to introduce audiences to a new dimension of her personality while building a platform that reflects who she is today. Audrina brings an authenticity, relatability, and cultural relevance that are increasingly valuable in today’s media landscape.”

Travis Holden, Co-Founder of Network One Digital, added “Audrina brings a rare combination of experience, instinct, and an effortless on-screen presence that makes her a natural fit for this format. What excites us most is her willingness to take creative risks, embrace new ideas, and push beyond what audiences might expect. She’s been an incredible collaborator throughout the development process, and we’re excited to see this next chapter take shape.”

Amplitude Media Partners (AMP) has been retained to lead advertising sales for Say More, developing brand partnerships across the podcast’s audio and video distribution.

“Audrina has built an enduring relationship with an audience that has followed her through several different stages of life,” said Marques Pfaff, Managing Partner at Amplitude Media Partners. “Say More creates an opportunity for that audience to reconnect with her in a format that’s honest and highly personal, while also introducing a different side of Audrina to new viewers and listeners. AMP is beyond excited to support the launch and connect the show with advertisers that recognize the value of that authentic relationship.”

Full video episodes of Say More with Audrina Patridge will be available on YouTube and Spotify Video. Audio episodes will be distributed through Apple Podcasts, Spotify and all other major podcast platforms.

The official trailer is available now, with the first full episode premiering November 12. New episodes will be released weekly.

ABOUT SAY MORE WITH AUDRINA PATRIDGE

Say More with Audrina Patridge is a weekly podcast for curious minds hosted by television personality and author Audrina Patridge. Through candid conversations with celebrity friends, experts and fascinating guests, Patridge explores dating, relationships, motherhood, mental health, beauty, fashion, confidence, reinvention and life after reality television. Honest, warm, funny and occasionally provocative, Say More goes beyond the surface to uncover the stories and experiences behind the subjects everyone is already discussing.

ABOUT AUDRINA PATRIDGE

Audrina Patridge is a television personality, author and podcast host who rose to prominence as one of the original stars of MTV’s The Hills. She later appeared in The Hills: New Beginnings, competed on Dancing with the Stars, hosted NBC’s 1st Look and starred in the VH1 reality series Audrina. Patridge is also the author of the memoir Choices: To the Hills and Back Again and previously co-hosted Was It Real? The Hills Rewatch.

ABOUT NETWORK ONE DIGITAL

Network One Digital is a podcast production agency specializing in high-quality audio and video storytelling. Through creative development, production and strategic support, NOD works with creators, brands and organizations to build polished, engaging content designed to reach audiences across platforms.

ABOUT AMPLITUDE MEDIA PARTNERS

Amplitude Media Partners (AMP) provides revenue-generating solutions for independent creators through direct sales, programmatic access and operational support. AMP works with podcasters, video creators and networks to develop advertising partnerships, optimize revenue opportunities and support the continued growth of their content.

MEDIA CONTACT:

Marques Pfaff

marques@amplitudemediapartners.com

(608) 385-9108

Media Contact

Marques Pfaff, Amplitude Media Partners (AMP), 1 6083859108, marques@amplitudemediapartners.com, amplitudemediapartners.com 

Shane Carmichael, Network One Digital, shane@networkonedigital.com

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SOURCE Amplitude Media Partners (AMP)

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