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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

Advanced Energy Industries, Inc. (AEIS) — this company's answers

NO on the Q2 2023 call 2023-08-03 B
The model's full reasoning — Q2 2023 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,以至于结果几乎没有包含这些影响,并且管理层自己指出了这种时间安排。 分析内容: - 管理层提到了多个积极发展,如新产品的发布(eVerest、eVo、FluorOptic)、设计胜利、工业医疗市场的创纪录收入等。 - 但关于时间安排,管理层是否明确表示这些事件发生在报告期后期或之后?例如,在电话会议中,Steve Kelley提到“在SEMICON West上,我们正式推出了两款新的等离子体电源技术”,但SEMICON West通常在7月举行,而Q2是4-6月,所以这发生在Q2之后。然而,管理层没有明确说这些发布对Q2结果没有影响,而是说“我们预计将在未来18个月内获得多个设计胜利”,这更像是未来预期。 - 关于设计胜利,管理层说“我们预计2023年将产生创纪录的设计胜利数量”,这是预期,不是已发生。 - 关于工业医疗的创纪录收入,管理层说“第二季度收入连续增长至创纪录的1.28亿美元”,这是本季度内的表现,没有提到后期。 - 关于供应链改善,管理层说“关键组件的可用性有所改善”,但仍有短缺,没有具体时间。 - 关于泰国工厂,管理层说“我们决定在泰国建设旗舰工厂,预计2025年开始生产”,这是未来计划。 - 关于墨西哥工厂,管理层说“我们正在执行计划,在未来两年内将产量提高四倍”,也是未来。 关键点:管理层是否明确表示某些积极事件发生在报告期结束或之后,并且这些事件对报告结果没有贡献?在电话会议中,管理层提到“在SEMICON West上,我们正式推出了两款新的等离子体电源技术”,但SEMICON West通常在7月举行,而Q2是4-6月,所以这发生在Q2之后。然而,管理层没有明确说这些发布对Q2结果没有影响,而是说“我们预计将在未来18个月内获得多个设计胜利”,这更像是未来预期。 另外,管理层提到“我们还在第二季度扩大了我们在老节点工艺中的强大地位,在离子注入应用中获得了额外的胜利”,这是本季度内的。 关于时间安排,管理层没有明确说“这些事件发生在季度末或之后,因此结果没有反映它们”。相反,他们谈论的是未来预期。 因此,没有明确的管理层自己锚定时间,说“在季度末”或“自季度结束以来”发生了具体事件,并且这些事件是结果没有包含的。 所以,答案应为NO。

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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.