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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

Gogo Inc. (GOGO) — this company's answers

NO on the Q1 2016 call 2016-05-06 C+
The model's full reasoning — Q1 2016 call → NO我们根据要求分析。管理层是否报告了最重要的积极发展发生在报告期后期或之后,且结果几乎没有体现?从转录中,Michael Small开场说“我们正以惊人的速度开始2016年”,提到2Ku开始飞行,但具体时间?他说“2Ku era has officially taken flight. The service is flying on AeroMexico as we begin the enviable task of installing the growing number of committed aircraft.” 然后提到IAG宣布安装2Ku,Shareco,Air Canada,Delta增加承诺。这些是宣布,但具体时间?他说“we announced yesterday that International Airline Group has decided to install 2Ku...” 昨天是5月5日,季度结束是3月31日,所以这是季度后。还有“We also entered the Chinese market by announcing we will partner with Shareco...” 也是宣布。还有“we agreed to extend our relationship with Air Canada...” 这些是后季度事件。但管理层是否说这些事件发生在报告期后,且结果没有体现?Norm在财务部分没有明确说这些事件对Q1结果没有影响,但Michael在开头说“we are off to an amazing start in 2016”然后提到这些。但问题要求“management itself marking the timing”即管理层自己指出时间。在转录中,Michael说“we announced yesterday”明确是季度后。但有没有说结果没有体现?他提到“2Ku is now in commercial service”但那是AeroMexico,可能是在季度内?他说“The service is flying on AeroMexico as we begin the enviable task of installing...” 没有具体时间。但“we announced yesterday”是明确的。另外,他说“we have massive momentum with 2Ku beginning with our announcement yesterday...” 所以这些是后季度事件。但管理层是否说这些事件对Q1结果没有影响?在财务部分,Norm说“Q1 CapEx...”,没有直接说。但Michael在结尾说“we started 2016 firing on all cylinders. 2Ku is now in commercial service. 2Ku awards now exceed 1000 aircraft.” 这些是后季度事件。但问题要求“management itself marking the timing”并且“treats them as the real story the numbers missed”。管理层是否明确说结果没有体现?没有直接说,但可能隐含。然而,问题要求“ONE coherent situation with BOTH halves present”。我们需要看是否有明确表述。在转录中,Michael说“we are off to an amazing start in 2016. We had record revenue... But most importantly we marked the beginning of our next chapter; the era of 2Ku has officially taken flight.” 然后提到IAG等。但他说“we announced yesterday”明确是后季度。但有没有说这些对Q1结果没有影响?没有直接说。但可能隐含,因为Q1结果只到3月31日,而IAG是5月5日宣布。但管理层没有明确说“这些事件发生在季度后,所以结果没有体现”。他们只是宣布了这些事件。另外,问题要求“management itself marking the timing”即管理层自己指出时间。他们确实说了“yesterday”和“we announced”。但有没有说“the results being presented contain little or none of their effect”?没有明确。可能没有。另外,还有“we also entered the Chinese market by announcing...” 也是后季度。但管理层没有说这些是“the real story the numbers missed”。他们只是说“we have massive momentum”。所以可能不符合。另外,注意问题要求“MOST IMPORTANT POSITIVE DEVELOPMENTS”是否发生在后期。这里IAG等是重大事件,但管理层没有说它们对Q1结果没有影响。他们只是宣布。所以可能答案是否。但让我们仔细看:在开头,Michael说“We are off to an amazing start in 2016. We had record revenue...

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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.