Technology
Sapiens Reports Second Quarter 2024 Financial Results
Published
2 years agoon
By
ROCHELLE PARK, N.J., Aug. 1, 2024 /PRNewswire/ — Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced its financial results for the second quarter ended June 30, 2024.
Summary Results for Second Quarter 2024 (USD in millions, except per share data)
GAAP
Non-GAAP
Q2 2024
Q2 2023
% Change
Q2 2024
Q2 2023
% Change
Revenue
$136.8
$128.3
6.6 %
$136.8
$128.4
6.6 %
Gross Profit
$60.1
$54.7
10.0 %
$62.5
$58.0
7.7 %
Gross Margin
43.9 %
42.6 %
130 bps
45.7 %
45.2 %
50 bps
Operating Income
$21.9
$19.6
11.5 %
$24.8
$23.4
6.1 %
Operating Margin
16.0 %
15.3 %
70 bps
18.2 %
18.2 %
0 bps
Net Income (*)
$18.6
$15.4
20.9 %
$21.0
$18.6
13.1 %
Diluted EPS
$0.33
$0.28
17.9 %
$0.37
$0.33
12.1 %
(*) Attributable to Sapiens’ shareholders
Roni Al-Dor, President and CEO of Sapiens, stated, “We are pleased to report that revenue reached $137 million this quarter, reflecting a 6.6% increase over the same period last year. This quarter non-GAAP demonstrated our strong execution capabilities, particularly with robust growth in North America and Europe. This quarter’s non-GAAP operating profit totaled $25 million, representing 18.2% of total revenue. Additionally, net income this quarter grew by 13%, and EPS per diluted share was $0.37 this quarter of 2024, up 12.1% from the second quarter of 2023″.
“We reiterate our 2024 guidance for non-GAAP revenues in a range of $550 million to $555 million and for non-GAAP operating margin in a range of 18.1%-18.5%,” concluded Mr. Al-Dor.
Quarterly Results Conference Call
Management will host a conference call and webcast on August 1, 2024, at 9:30 a.m. Eastern Time (4:30 p.m. in Israel) to review and discuss Sapiens’ results. Please call the following numbers (at least 10 minutes before the scheduled time) to participate:
North America (toll-free): 1-888-642-5032
International: 972-3-9180644
UK: 0-800-917-5108
The live webcast of the call can be viewed on Sapiens’ website at: https://veidan.activetrail.biz/sapiensq2-2024. A replay of the call will be available one business day following the completion of the event at the same link for 90 days.
Non-GAAP Financial Measures
This press release contains the following non-GAAP financial measures: non-GAAP revenue, ARR, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income attributed to Sapiens shareholders, non-GAAP basic and diluted earnings per share, Adjusted EBITDA and Adjusted Free Cash-Flow.
Sapiens believes that these non-GAAP measures of financial results provide useful information to management and investors regarding certain financial and business trends relating to Sapiens’ financial condition and results of operations. The Company’s management uses these non-GAAP measures to compare the Company’s performance to that of prior periods for trend analyses, for purposes of determining executive and senior management incentive compensation and for budgeting and planning purposes. These measures are used in financial reports prepared for management and in quarterly financial reports presented to the Company’s board of directors. The Company believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends, and in comparing the Company’s financial measures with other software companies, many of which present similar non-GAAP financial measures to investors.
Non-GAAP financial measures consist of GAAP financial measures adjusted to exclude: Valuation adjustment on acquired deferred revenue, amortization of capitalized software development and other intangible assets, capitalization of software development, stock-based compensation, compensation related to acquisition and acquisition-related costs, restructuring and cost reduction costs, and tax adjustments related to non-GAAP adjustments.
Management of the Company does not consider these non-GAAP measures in isolation, or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in the Company’s financial statements. In addition, they are subject to inherent limitations, as they reflect the exercise of judgment by management about which expenses and income are excluded or included in determining these non-GAAP financial measures.
To compensate for these limitations, management presents non-GAAP financial measures in connection with GAAP results. Sapiens urges investors to review the reconciliation of its non-GAAP financial measures to the comparable GAAP financial measures, which it includes in press releases announcing quarterly financial results, including this press release, and not to rely on any single financial measure to evaluate the Company’s business.
Reconciliation tables of the most comparable GAAP financial measures to the non-GAAP financial measures used in this press release are included with the financial tables of this release.
The Company defines Annual Recurring Revenue (“ARR”) as the annualized value of our revenue from customer subscriptions, term licenses, maintenance, application maintenance, and cloud solutions, which may not be the same as the timing and amount of revenue recognized. The ARR run rate is equal to the product of (i) the sum of these revenues in our most recently completed fiscal quarter, multiplied by (ii) four.
The Company defines Adjusted EBITDA as net profit, adjusted to eliminate valuation adjustment on acquired deferred revenue, stock-based compensation expense, depreciation and amortization, capitalization of software development costs, compensation expenses related to acquisition and acquisition-related costs, restructuring and cost reduction costs, financial expense (income), provision for income taxes and other income (expenses). These amounts are often excluded by other companies as well, in order to help investors understand the operational performance of their business.
The Company uses Adjusted EBITDA as a measurement of its operating performance, because it assists in comparing the operating performance on a consistent basis by removing the impact of certain non-cash and non-operating items. Adjusted EBITDA reflects an additional way of viewing aspects of the operations that the Company believes, when viewed with the GAAP results and the accompanying reconciliations to corresponding GAAP financial measures, provide a more complete understanding of factors and trends affecting its business. The Company uses Adjusted Free Cash-Flow as a measurement of its operating performance, and reconciles cash-flow from operating activities to Adjusted Free Cash-Flow, while reducing the amounts for capitalization of software development costs and capital expenditures. The Company adds back cash payments made for former acquisitions in respect of future performance targets and retention criteria as determined upon acquisition date of the respective acquired company, which were included in the cash-flow from operating activities. We believe that Adjusted Free Cash-Flow is useful in evaluating our business, because Adjusted Free Cash-Flow reflects the cash surplus available to fund the expansion of our business.
About Sapiens
Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. With more than 40 years of industry expertise, Sapiens’ cloud-based SaaS insurance platform offers pre-integrated, low-code capabilities across core, data and digital domains to accelerate our customers’ digital transformation. Serving over 600 customers in more than 30 countries, Sapiens offers insurers across property and casualty, workers’ compensation, and life insurance markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. For more information visit www.sapiens.com or follow us on LinkedIn.
Investor and Media Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Investor Relations, Sapiens
Yaffa.cohen-ifrah@sapiens.com
+1 917-533-4782
Investor Contacts
Brett Maas
Managing Partner, Hayden IR
+1 646-536-7331
Brett.Maas@HaydenIR.com
Kimberly Rogers
Managing Director, Hayden IR
+1 541-904-5075
kim@HaydenIR.com
Forward Looking Statements
Certain matters discussed in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, and are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the recent novel coronavirus pandemic, which adversely affected our results of operations, or fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company. While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading “Risk Factors” in our most recent Annual Report on Form 20-F, which we filled with the SEC on March 31, 2022, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.
SAPIENS INTERNATIONAL CORPORATION N.V. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENT OF INCOME
U.S. dollars in thousands (except per share amounts)
Three months ended
Six months ended
June 30,
June 30,
2024
2023
2024
2023
(unaudited)
(unaudited)
(unaudited)
(unaudited)
Revenue
136,800
128,299
271,049
253,020
Cost of revenue
76,696
73,635
153,385
145,327
Gross profit
60,104
54,664
117,664
107,693
Operating expenses:
Research and development, net
16,809
15,746
33,330
31,363
Selling, marketing, general and administrative
21,412
19,297
41,929
37,816
Total operating expenses
38,221
35,043
75,259
69,179
Operating income
21,883
19,621
42,405
38,514
Financial and other expenses (income), net
(1,109)
562
(2,201)
1,759
Taxes on income
4,375
3,587
8,488
6,917
Net income
18,617
15,472
36,118
29,838
Attributable to non-controlling interest
–
69
141
239
Net income attributable to Sapiens’ shareholders
18,617
15,403
35,977
29,599
Basic earnings per share
0.33
0.28
0.65
0.54
Diluted earnings per share
0.33
0.28
0.64
0.53
Weighted average number of shares outstanding used to
compute basic earnings per share (in thousands)
55,797
55,196
55,771
55,176
Weighted average number of shares outstanding used to
compute diluted earnings per share (in thousands)
56,163
55,582
56,072
55,576
SAPIENS INTERNATIONAL CORPORATION N.V. AND SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP RESULTS
U.S. dollars in thousands (except per share amounts)
Three months ended
Six months ended
June 30,
June 30,
2024
2023
2024
2023
(unaudited)
(unaudited)
(unaudited)
(unaudited)
GAAP revenue
136,800
128,299
271,049
253,020
Valuation adjustment on acquired deferred revenue
–
55
–
110
Non-GAAP revenue
136,800
128,354
271,049
253,130
GAAP gross profit
60,104
54,664
117,664
107,693
Revenue adjustment
–
55
–
110
Amortization of capitalized software
1,569
1,425
3,114
2,856
Amortization of other intangible assets
808
1,848
2,587
3,696
Non-GAAP gross profit
62,481
57,992
123,365
114,355
GAAP operating income
21,883
19,621
42,405
38,514
Gross profit adjustments
2,377
3,328
5,701
6,662
Capitalization of software development
(1,823)
(1,679)
(3,540)
(3,337)
Amortization of other intangible assets
1,223
1,084
2,456
2,160
Stock-based compensation
811
1,059
1,583
1,922
Acquisition-related costs *)
365
4
494
10
Non-GAAP operating income
24,836
23,417
49,099
45,931
GAAP net income attributable to Sapiens’ shareholders
18,617
15,403
35,977
29,599
Operating income adjustments
2,953
3,796
6,694
7,417
Taxes on income
(529)
(589)
(1,209)
(1,153)
Non-GAAP net income attributable to Sapiens’ shareholders
21,041
18,610
41,462
35,863
(*) Acquisition-related costs pertain to charges on behalf of M&A agreements related to future performance targets and retention criteria, as well as completed or prospective third-party services, such as tax, accounting and legal rendered..
Adjusted EBITDA Calculation
U.S. dollars in thousands
Three months ended
Six months ended
June 30,
June 30,
2024
2023
2024
2023
GAAP operating profit
21,883
19,621
42,405
38,514
Non-GAAP adjustments:
Valuation adjustment on acquired deferred revenue
–
55
–
110
Amortization of capitalized software
1,569
1,425
3,114
2,856
Amortization of other intangible assets
2,031
2,932
5,043
5,856
Capitalization of software development
(1,823)
(1,679)
(3,540)
(3,337)
Stock-based compensation
811
1,059
1,583
1,922
Compensation related to acquisition and acquisition-related costs
365
4
494
10
Non-GAAP operating profit
24,836
23,417
49,099
45,931
Depreciation
1,095
976
2,192
2,031
Adjusted EBITDA
25,931
24,393
51,291
47,962
Summary of NON-GAAP Financial Information
U.S. dollars in thousands (except per share amounts)
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Revenues
136,800
134,249
130,914
130,760
128,354
Gross profit
62,481
60,884
59,370
59,260
57,992
Operating income
24,836
24,263
24,152
24,058
23,417
Adjusted EBITDA
25,931
25,360
25,267
24,777
24,393
Net income to Sapiens’ shareholders
21,041
20,421
20,081
19,080
18,610
Diluted earnings per share
0.37
0.36
0.36
0.34
0.33
Annual Recurring Revenue (“ARR”)
U.S. dollars in thousands
Three months ended
June 30,
2024
2023
168,593
150,417
Non-GAAP Revenues by Geographic Breakdown
U.S. dollars in thousands
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
North America
57,918
55,158
54,882
54,848
52,116
Europe
66,072
68,727
65,239
64,662
62,960
Rest of the World
12,810
10,364
10,793
11,250
13,278
Total
136,800
134,249
130,914
130,760
128,354
Non-GAAP Revenue breakdown
U.S. dollars in thousands
Three months ended
Six months ended
June 30,
June 30,
2024
2023
2024
2023
Software products and re-occurring post-production services (*)
98,044
82,559
192,285
164,401
Pre-production implementation services (**)
38,756
45,795
78,764
88,729
Total Revenues
136,800
128,354
271,049
253,130
Three months ended
Six months ended
June 30,
June 30,
2024
2023
2024
2023
Software products and re-occurring post-production services (*)
52,237
42,437
102,577
87,286
Pre-production implementation services (**)
10,244
15,555
20,788
27,069
Total Gross profit
62,481
57,992
123,365
114,355
Three months ended
Six months ended
June 30,
June 30,
2024
2023
2024
2023
Software products and re-occurring post-production services (*)
53.3 %
51.4 %
53.3 %
53.1 %
Pre-production implementation services (**)
26.4 %
34.0 %
26.4 %
30.5 %
Gross Margin
45.7 %
45.2 %
45.5 %
45.2 %
(*) Software products and re-occurring post-production services include
mainly subscription, term license, maintenance, application maintenance,
cloud solutions and post-production services. This revenue stream is a
mix of recurring and re-occurring in nature.
(**) Pre-production implementation services include mainly implementation
services before go-live, which are one-time in nature.
Adjusted Free Cash-Flow
U.S. dollars in thousands
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Cash-flow from operating activities
8,545
18,488
38,646
3,988
14,603
Increase in capitalized software development costs
(1,823)
(1,717)
(1,543)
(1,638)
(1,679)
Capital expenditures
(666)
(466)
(421)
(696)
(775)
Free cash-flow
6,056
16,305
36,682
1,654
12,149
Cash payments attributed to acquisition-related costs(*) (**)
134
751
221
–
–
Adjusted free cash-flow
6,190
17,056
36,903
1,654
12,149
(*) Included in cash-flow from operating activities
(**) Acquisition-related payments pertain to charges on behalf of M&A agreements related to future performance targets and retention criteria, as well as completed or prospective third-party services, such as tax, accounting and legal.
SAPIENS INTERNATIONAL CORPORATION N.V. AND ITS SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEET
U.S. dollars in thousands
June 30,
December 31,
2024
2023
(unaudited)
(unaudited)
ASSETS
CURRENT ASSETS
Cash and cash equivalents
122,646
126,716
Short-term bank deposit
63,800
75,400
Trade receivables, net and unbilled receivables
102,101
90,273
Other receivables and prepaid expenses
20,258
22,514
Total current assets
308,805
314,903
LONG-TERM ASSETS
Property and equipment, net
12,065
12,661
Severance pay fund
3,360
3,605
Goodwill and intangible assets, net
307,231
317,352
Operating lease right-of-use assets
20,505
23,557
Other long-term assets
15,571
17,546
Total long-term assets
358,732
374,721
TOTAL ASSETS
667,537
689,624
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Trade payables
11,296
6,291
Current maturities of Series B Debentures
19,796
19,796
Accrued expenses and other liabilities
74,057
77,873
Current maturities of operating lease liabilities
5,705
6,623
Deferred revenue
31,928
38,541
Total current liabilities
142,782
149,124
LONG-TERM LIABILITIES
Series B Debentures, net of current maturities
19,768
39,543
Deferred tax liabilities
8,517
10,820
Other long-term liabilities
11,469
11,538
Long-term operating lease liabilities
17,816
21,084
Accrued severance pay
7,443
7,568
Total long-term liabilities
65,013
90,553
EQUITY
459,742
449,947
TOTAL LIABILITIES AND EQUITY
667,537
689,624
SAPIENS INTERNATIONAL CORPORATION N.V. AND ITS SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOW
U.S. dollars in thousands
For the six months ended June 30,
2024
2023
(unaudited)
(unaudited)
Cash flows from operating activities:
Net income
36,118
29,838
Reconciliation of net income to net cash provided by operating activities:
Depreciation and amortization
10,349
10,743
Accretion of discount on Series B Debentures
22
32
Capital (gain) loss from sale of property and equipment
(9)
86
Stock-based compensation related to options issued to employees
1,583
1,922
Net changes in operating assets and liabilities, net of amount acquired:
Decrease (increase) in trade receivables, net and unbilled receivables
(12,723)
2,351
Increase (decrease) in deferred tax liabilities, net
(1,428)
45
Decrease (increase) in other operating assets
3,445
(390)
Increase (decrease) in trade payables
4,446
(1,014)
Decrease in other operating liabilities
(8,354)
(12,572)
Increase (decrease) in deferred revenues
(6,587)
5,284
Increase in accrued severance pay, net
171
466
Net cash provided by operating activities
27,033
36,791
Cash flows from investing activities:
Purchase of property and equipment
(1,146)
(1,439)
Proceeds from (investment in) deposits
12,136
(70,002)
Proceeds from sale of property and equipment
14
30
Payments for business acquisitions, net of cash acquired
(375)
–
Capitalized software development costs
(3,540)
(3,337)
Acquisition of intellectual property
–
(177)
Net cash provided by (used in) investing activities
7,089
(74,925)
Cash flows from financing activities:
Proceeds from employee stock options exercised
98
–
Distribution of dividend
(15,635)
(13,796)
Repayment of Series B Debenture
(19,796)
(19,796)
Acquisition of non-controlling interest
(4,131)
–
Dividend to non-controlling interest
–
(47)
Net cash used in financing activities
(39,464)
(33,639)
Effect of exchange rate changes on cash and cash equivalents
1,272
905
Decrease in cash and cash equivalents
(4,070)
(70,868)
Cash and cash equivalents at the beginning of period
126,716
160,285
Cash and cash equivalents at the end of period
122,646
89,417
Debentures Covenants
As of June 30, 2024, Sapiens was in compliance with all of its financial covenants under the indenture for the Series B Debentures, based on having achieved the following in its consolidated financial results:
Covenant 1
Target shareholders’ equity (excluding non-controlling interest): above $120 million.Actual shareholders’ equity (excluding non-controlling interest) equal to $459.7 million.
Covenant 2
Target ratio of net financial indebtedness to net capitalization (in each case, as defined under the indenture for the Company’s Series B Debentures) below 65%.Actual ratio of net financial indebtedness to net capitalization equal to (46.79)%.
Covenant 3
Target ratio of net financial indebtedness to EBITDA (accumulated calculation for the four last quarters) is below 5.5.Actual ratio of net financial indebtedness to EBITDA (accumulated calculation for the four last quarters) is equal to (1.45).
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SOURCE Sapiens International Corporation
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July 19, 2026By
New findings from a Datingsmatch.com user survey show that the smallest gestures are doing more of the communication work than most people realize.
GIBRALTAR, July 19, 2026 /PRNewswire-PRWeb/ — People tend to think about opening messages as the moment a conversation actually starts online. The carefully worded introduction, the line someone spent time writing and then rewrote. What the data from a recent Datingsmatch survey points to is something different: for a meaningful share of users, none of that is where things began. It began with a wink.
According to the survey, 1 in 5 users of Datingsmatch reported that a wink was what got a conversation going. One-fifth of respondents, spread across different age groups and usage habits, identified that a single small gesture as the moment something actually started between two people.
What the Datingsmatch Survey Found
The survey was conducted among 5,000 users of the Datingsmatch online communication platform in June 2026, with participants asked to voluntarily share their experiences. The aim was to get a clearer picture of how conversations tend to begin, what it is that people hesitate about, and what eventually prompts someone to go ahead and reach out.
The wink finding was among the more consistent findings from the responses. Among users who described a conversation they felt good about, a notable portion were able to trace it back to a wink being sent first, whether they had sent it or received it. The reverse situation, where someone sent a cold message with no prior signal of any kind, was something respondents described as harder on both sides of the exchange.
That tracks with what broader research also points to. A 2023 Pew Research Center survey found that 55% of online daters felt insecure about the number of messages they received, and 36% felt overwhelmed by incoming contact. What that suggests is not that people don’t want to connect — it’s that the way contact gets initiated matters a great deal for how it lands.
Why Small Signals Carry More Weight Than They Seem
The Datingsmatch survey also looked at what stops people from reaching out when they want to. Uncertainty came up repeatedly. Not knowing whether someone is open to hearing from you. Not wanting to guess wrong and feel like you’ve overstepped.
What respondents described is not a lack of interest in connecting. It’s the absence of a clear enough signal that the other person is open to it. A Datingsmatch wink feature provides exactly that. It’s visible, unambiguous, and low-commitment enough that neither person has to feel exposed by it. For those still finding their footing on the platform, the beginner’s guide to the Datingsmatch platform walks through how these features work and how to use them effectively.
This connects to a 2024 study published in the journal Cyberpsychology, Behavior, and Social Networking that examined online rejection: ghosting was the most common form of rejection in digital communication, even after substantial prior exchanges. The fear that a message will simply be ignored — without any acknowledgment — is a real barrier. A lower-stakes signal reduces that barrier because the cost of no response feels smaller.
Datingsmatch notes, based on what survey participants shared, that this kind of low-friction signal seems to work differently than most people expect. It doesn’t just start conversations. It seems to reduce the gap that many users described feeling between “I want to reach out” and “I actually did.”
How People Actually Use the Wink Feature on Datingsmatch
Survey responses offered a more specific picture of the behavior. Winks were not being used randomly or as a form of mass outreach. Respondents described using them deliberately, on users they had spent time looking at, toward people they were genuinely interested in but not yet sure about approaching with a message.
Some users described sending a wink as a way of checking whether there was any openness to further contact, without having to commit to a full message exchange in order to find out. Others who had been on the receiving end of a wink said it was something they found easier to respond to, in part because it did not feel like it was asking too much of them too soon. There were also respondents who noted that when a wink had gone back and forth between two people, the first actual message felt less like an approach out of nowhere and more like a natural continuation of something that had already started.
Datingsmatch customer service regularly hears from users that knowing how to start a conversation is one of the things people think about most when they first join the platform. The survey data puts some numbers to what those conversations have long suggested.
What This Means for How the Platform Thinks About Connection
Datingsmatch highlights that findings like these shape how the platform continues to think about the role of small, low-pressure interactions in the overall experience. A conversation that begins with a wink is not a lesser conversation. Survey respondents who traced their most valued exchanges back to a wink described those conversations in consistently positive terms.
The platform sees value in giving users multiple ways to signal interest at different levels of commitment. A message is a commitment. A wink is an invitation. Both have a place, and the data suggests that for a meaningful portion of users, the invitation comes first and matters more than it might look like from the outside.
About Datingsmatch
Datingsmatch is an online communication platform that gives people a range of ways to connect online. The platform is built around the idea that how a conversation starts shapes everything that follows, and that not every interaction needs to begin with a message. Datingsmatch operates globally and continues to develop its communication tools based on how users actually engage with each other.
Media Contact
Elizabeth Fielden, Datingsmatch, 1 5869132511, review@datingsmatch.com, https://datingsmatch.com/
View original content:https://www.prweb.com/releases/new-datingsmatch-survey-1-in-5-users-say-a-wink-led-to-a-conversation-302828676.html
SOURCE Datingsmatch
Technology
Pudu Robotics Showcases Full Product Portfolio at WAIC 2026, Winning the “Most Investor-Attractive Enterprise” Award
Published
4 hours agoon
July 19, 2026By
SHANGHAI, July 19, 2026 /PRNewswire/ — Pudu Robotics, a global leader in commercial service robotics, is showcasing its full portfolio of intelligent robotics solutions at the 2026 World Artificial Intelligence Conference (WAIC), held from July 17–20 in Shanghai. A key highlight of this year’s exhibition is the offline global debut of the PUDU D7, Pudu’s next-generation semi-humanoid robot. In tandem with its exhibition highlights, Pudu Robotics was also honored with the 36Kr “Most Investor-Attractive AI & Embodied Intelligence Enterprise” Award, recognizing the company’s growing influence in the embodied AI sector and continued confidence from the investment community.
Full Product Matrix on Display: Demonstrating Multi-Scenario Capabilities
Pudu’s comprehensive presentation at WAIC 2026 showcased its complete technical and product layout, spanning service delivery, commercial cleaning, industrial delivery, and general embodied intelligence.
The PUDU D5 quadruped robot demonstrates advanced terrain adaptability and autonomous navigation across an on-site obstacle course mimicking sand, gravel, steps, and slopes, simulating autonomous inspections in complex environments such as power substations and industrial parks. Additionally, the D5 performed high-speed “drifting” demonstrations at the booth, reaching peak speeds of up to 5 m/s and showcasing industry-leading mobility and responsiveness.
Making its global offline public debut, the PUDU D7 engaged visitors with several immersive and interactive live experiences. Attendees posed for photos with the D7, instantly receiving unique snapshots taken directly from a “robotics perspective.” The robot also demonstrated advanced multi-robot coordination by autonomously walking and guiding the PUDU D5 quadruped around the booth while seamlessly avoiding pedestrian traffic, vividly illustrating collaborative workflows between different robotic form factors.
Pudu is also exhibiting its mature commercial robotics portfolio, including the BellaBot service delivery robot, the PUDU T300 industrial delivery robot, and the PUDU MT1 Max and PUDU CC1 Pro commercial cleaning robots. Together, these products highlight Pudu’s proven deployments across hospitality, retail, F&B, manufacturing, warehousing, and other industries.
Winning the “Most Investor-Attractive Enterprise” Award Amid Sustained Capital Traction
The “Most Investor-Attractive Enterprise” award from 36Kr arrives alongside sustained backing from major global institutional investors. In April 2026, Pudu Robotics completed a new financing round of nearly USD 150 million, bringing its valuation to more than USD 1.5 billion. This brings Pudu’s cumulative funding to more than USD 300 million.
This strong capital interest is supported by concrete commercial performance. According to the “2025 Global Embodied Intelligence and Commercial Service Robotics Independent Market Research Report” released by Frost & Sullivan, Pudu Robotics accounts for 25% and 23% of the global commercial service robotics market in terms of revenue and shipments respectively, ranking No. 1 worldwide in both categories. Furthermore, Pudu Robotics has maintained a year-over-year revenue growth rate exceeding 100%, with international markets accounting for more than 80% of total revenue for consecutive years. While the broader Embodied AI industry remains in early exploratory phases, Pudu has approached a positive EBITDA, achieving large-scale commercial viability ahead of the market.
From Product Export to Ecosystem Integration: A Blueprint for Global Expansion
According to the Research Report on Chinese Enterprises’ Overseas Expansion from 2025 to 2026 published by the 36Kr Research Institute, Pudu Robotics was featured as a primary benchmark case study for Embodied AI. The report attributes Pudu’s international success to its systematic combination of technological innovation, product capabilities, and localized global operation. Analysts noted that Pudu has successfully transitioned from exporting products to exporting global brand equity and integrated robotics ecosystems, establishing a core reference blueprint for hard-tech global expansion.
By deploying versatile product forms that span specialized, semi-humanoid, and humanoid forms, Pudu Robotics continues to focus on integrating Embodied AI directly into real-world environments—transforming Physical AI from a technical concept into a practical productivity partner.
About Pudu Robotics
Pudu Robotics, a global leader in the commercial service robotics sector, is dedicated to empowering easier work and better lives through AI and robotics, with a vision of building a global intelligent robotics infrastructure that serves 10 billion people worldwide.
Pudu Robotics has developed key core technologies and components, including robotic joint modules and motion controllers, and has filed more than 1,900 patent applications worldwide. Built on three core technologies—Embodied Navigation, Embodied Manipulation, and Embodied Interaction—Pudu Robotics has pioneered a “One Brain, Multiple Embodiments” architecture, establishing a comprehensive product portfolio that includes specialized, semi-humanoid, and humanoid robots.
Currently, Pudu offers four major product lines: service delivery, commercial cleaning, industrial delivery and general embodied AI. Its solutions are widely deployed across industries such as retail, hospitality, manufacturing, real estate and property services, healthcare, entertainment and sport, education, and public services.
To date, Pudu Robotics has shipped over 130,000 units globally, with a presence in more than 85 countries and regions.
View original content to download multimedia:https://www.prnewswire.com/news-releases/pudu-robotics-showcases-full-product-portfolio-at-waic-2026-winning-the-most-investor-attractive-enterprise-award-302829057.html
SOURCE Pudu Robotics
Technology
Best AI Productivity Tools for Creators (2026): CapCut Recognized for Faster Video and Image Workflows by Software Experts
Published
5 hours agoon
July 19, 2026By
NEW YORK, July 19, 2026 /PRNewswire/ — Artificial intelligence continues to reshape how digital content is produced, with creators relying on AI tools like CapCut to handle editing, asset generation, and repetitive production tasks that once required several separate applications. As these tools mature, software reviews are placing more weight on workflow efficiency alongside creative output.
Best AI Productivity Tools for Creators
Seedance 2.0 – an AI video generation model that creates videos from text prompts and image inputsPhoto to 3D – an AI tool that transforms 2D photos into images with realistic three-dimensional depth and effects
The use of AI has expanded across independent creators, marketing teams, educators, and small businesses producing content for websites, social media, online stores, and digital campaigns. Rather than using AI for a single task, many creative professionals now incorporate it throughout the production process, from generating concepts and visuals to refining finished content. This has encouraged software reviewers to test how well platforms support complete creative workflows instead of evaluating individual features in isolation.
Software Experts has included CapCut among its 2026 selections for AI productivity tools for creators, citing the platform’s collection of AI-powered features that support faster video and image production. The review examined how integrated AI tools can simplify common creative tasks across video editing, image generation, music creation, and visual enhancement.
What Is Driving Interest in AI Productivity Tools?
Content creators are producing more material than ever across short-form video platforms, social media, online stores, blogs, newsletters, and marketing campaigns. A single project may require multiple image formats, several video versions, captions, background edits, and audio, all within a short production window.
Many creators also repurpose one piece of content into several formats. A long-form video may be edited into short clips for social platforms, paired with custom graphics, accompanied by AI-generated music, and published alongside promotional images. Completing these tasks manually often requires switching between multiple editing applications.
This has encouraged software developers to introduce AI features that reduce manual editing while keeping creators in control of the finished product. Instead of switching between several applications, many creators now prefer platforms that support multiple stages of production within the same workspace.
How Does CapCut Support Video and Image Workflows?
CapCut offers AI tools that assist throughout the creative process, from generating visual assets to preparing finished content for publishing.
Among the tools included are:
Seedance 2.0 for generating AI videos from text promptsGPT Image 2 for creating images from written descriptionsSeedream for AI-generated artwork and creative visualsSeedmusic for producing original music from text promptsAI Image Extender for expanding images while preserving visual consistencyPhoto to 3D for adding depth effects to imagesAI Background Removal for separating subjects from image backgrounds with minimal editing
Together, these features support projects ranging from social media posts and marketing materials to promotional videos, educational content, presentations, and visual concepts, allowing creators to complete more production tasks within a single platform.
Why Are Integrated AI Platforms Receiving More Coverage?
Earlier AI tools often specialized in a single task, such as image generation or video editing. Newer platforms are bringing these functions together to let creators complete more of their work without transferring files between multiple services.
This type of workflow can shorten production time while helping maintain visual consistency across different content formats. It can also reduce the amount of time spent exporting files, reformatting assets, or rebuilding projects in separate applications.
As a result, software evaluations are increasingly examining how efficiently creators can complete everyday production work. Instead of concentrating solely on the number of AI features available, reviewers are also looking at how those tools function together during real-world creative projects.
What Did Software Experts Evaluate?
The review looked at AI tools that support practical creative work across multiple production stages rather than concentrating on a single feature.
Areas included in the evaluation included:
AI-assisted video generationText-to-image creationAI-generated musicBackground removalImage expansionThree-dimensional visual effectsEditing tools that support faster creative workflows
The review also examined how these features work together during typical content production rather than evaluating each tool separately. This reflects the way many creators now build content using interconnected AI tools instead of isolated editing software.
What Does This Mean for Creators?
Creative software continues to incorporate AI across more stages of content production, giving creators additional ways to streamline editing while maintaining creative control. As publishing schedules become more demanding, workflow efficiency has entered software evaluations alongside editing quality and creative flexibility.
Software Experts’ 2026 review places CapCut among AI productivity tools supporting faster video and image workflows through its collection of AI-powered creative features. As AI continues to influence digital content production, reviews are placing emphasis on how effectively platforms help creators complete everyday projects from concept through final publication.
To read the full review, please visit the Software experts website.
About CapCut
CapCut is an AI-powered photo and video editing platform designed to make high-quality video creation accessible across devices. The platform supports creators, businesses, and everyday users with tools for video editing, AI video generation, captions, templates, audio, and visual editing. CapCut is available across mobile, web, desktop, and iPad experiences, helping users create, edit, and prepare video content for social media, marketing, education, and personal projects.
About Software Experts: Software Experts delivers in-depth news on the digital tools shaping today’s consumer experience. As an affiliate, Software Experts may earn commissions from sales generated using links provided.
View original content:https://www.prnewswire.com/news-releases/best-ai-productivity-tools-for-creators-2026-capcut-recognized-for-faster-video-and-image-workflows-by-software-experts-302828623.html
SOURCE SoftwareExperts.org
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