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After the books closed

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

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

ADS-TEC Energy PLC (ADSE) — this company's answers

NO on the Q4 2021 call 2022-04-28 D
The model's full reasoning — Q4 2021 call → NO我们根据提供的财报电话会议记录,判断管理层是否报告了最重要的积极发展发生在报告期结束或之后不久,以至于所呈现的结果几乎没有包含这些发展的影响,并且管理层自己指出了这一时间点。 首先,寻找管理层关于时间点的明确表述。在电话会议中,Thomas Speidel 提到:“Year-to-date having just completed Q1 at more than $60 million. This is a good number to achieve so early in the year.” 这指的是2022年第一季度末的订单积压超过6000万欧元,但这是关于2022年第一季度的,而报告期是2021年全年。所以这不是关于报告期结束后的。 再找关于2021年第四季度或之后的积极事件。管理层提到:“Our launch in North America took only a few months during the first steps.” 但这是关于北美业务的启动,时间上可能是在2021年末或2022年初。但具体时间点没有明确说“late in the period”或“after quarter-end”。 另外,关于ChargePost的合同:“We already have a first contract signed for the ChargePost with a strategic customer who does not wish to be named at this time. The initial order is about 50 Units and it will be supplied in Europe as early as 2022, so already this year.” 这个合同是在2022年签署的,但报告期是2021年,所以这是报告期后的。但管理层没有明确说这个合同是在报告期结束后不久签署的,只是说“already this year”,即2022年。而且这个合同是重要的,因为客户计划购买超过10,000台。 还有关于美国工厂:“we expect to open this location this year to handle services, warehousing, and then also, assembly and testing.” 这是预期,不是已发生。 关于服务合同:“We expect to have the first service contracts executed in 2022, so this year,” 这也是预期。 关于订单积压:“we have a good order backlog. Year-to-date having just completed Q1 at more than $60 million.” 这是2022年第一季度的数据,不是报告期。 管理层在讨论2021年业绩时,提到收入下降是因为“a shipment logistic issue which delayed the revenue recognition into 2022.” 这是延迟,不是积极事件。 那么,是否有管理层明确表示“late in the period”或“after the period”的积极事件?在电话会议中,管理层提到:“Our international sales expansion continued with the launch of our U.S. business in late 2021.” 这里明确说“late 2021”,即2021年末,这是报告期内的最后阶段。但这是关于美国业务的启动,是否算作具体积极事件?管理层说“launch of our U.S. business”,这可能是具体的,但并没有说这个启动带来了多少收入或订单,只是说“continued with the launch”。而且,在财务结果中,2021年收入主要来自德国,只有28%来自德国以外,包括西班牙、爱尔兰等,但美国业务可能刚开始。 另外,管理层提到:“In the U.S. we have already achieved initial success with channel partnerships established in world orders received, focusing on the [Indiscernible] and on the automarket segments.” 但这是关于美国业务的初步成功,但时间点没有明确说是在报告期结束前还是后。 再仔细看,管理层在讨论2021年业绩时,提到“we are pleased to have diversified our revenue stream”,但并没有强调这些多元化发生在报告期后期。 关于订单积压,管理层说:“We had a significant increase in orders for the financial year 2021, and this came in at €34.5 million representing an increase of 38 -- 386% year-over-year.

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

Companies that answered YES

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

How the model reasoned

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

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