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Proof-point cadence

Proof-point cadence: the last promised marker just landed, and the next one is already on the clock

Calls Tested
345
Answered YES
24
Hit Rate
7%
rare by design

Curis, Inc. (CRIS) — this company's answers

NO on the Q1 2016 call 2016-05-09 C
The model's full reasoning — Q1 2016 call → NO我们根据提供的财报电话会议记录来判断。管理层是否将公司进展呈现为“实时、可核查的证明点序列”，并且同时满足两个条件：(1) 刚刚交付的里程碑；(2) 下一个里程碑已命名且临近。 分析内容： - 关于CUDC-907：管理层提到“we have now completed the enrollment in the monotherapy arm of the Phase 1 and of the total 25 patients in this arm of the study, eight patients have experienced an objective response”。这是刚刚完成的入组，属于具体可验证的步骤。同时，他们提到Phase 2试验正在进行，但未给出具体时间表。他们提到“that study is ongoing”，但没有明确下一个里程碑的具体时间。 - 关于CA170：管理层说“Later this quarter, we expect CA170 to become the world's first orally administered checkpoint targeting immunooncology drug candidate to enter the clinic.” 这是即将发生的具体事件，有明确时间（本季度）。这符合“下一个里程碑已命名且临近”。 - 但第一个条件“刚刚交付的里程碑”是否足够具体？完成Phase 1入组并报告响应率，这算是一个检查点。但管理层是否将其视为“先前描述或承诺的路径上的检查点”？他们提到“we designed our Phase 2 study... that study is ongoing”，但未明确说Phase 1入组完成是之前承诺的。不过，从上下文看，这是他们正在进行的临床试验的一部分，可以视为一个里程碑。 - 然而，对于CUDC-907，他们没有明确说下一个里程碑是什么以及何时。对于CA170，他们给出了进入临床的时间，但那是即将发生的，不是已经完成的。所以，是否同时满足两个条件？第一个条件需要“刚刚完成”的步骤，这里Phase 1入组完成是刚刚完成的。第二个条件需要“下一个具体步骤”并给出时间，CA170进入临床是下一个步骤，时间在本季度。但这两个步骤是否在同一条路径上？CUDC-907和CA170是不同项目，所以不是同一条路径。管理层是否将两者作为同一执行序列？他们分别讨论，但整体上公司有多个项目。问题要求“ONE phenomenon”即一个执行序列。这里似乎没有将两者联系起来作为同一路径。更可能的是，管理层分别报告了不同项目的进展，但没有形成一个连贯的“检查点-下一个检查点”的序列。 再仔细看：对于CUDC-907，他们完成了Phase 1入组，但下一个步骤是Phase 2，他们提到“that study is ongoing”，但没有给出具体时间表。对于CA170，他们即将进入临床，但那是尚未发生的。所以，没有同时满足“刚刚完成”和“下一个临近”在同一路径上。 另外，管理层是否将进展呈现为“实时可核查的序列”？他们报告了数据，但似乎没有强调“我们刚刚完成了这个，接下来我们将做那个”的连贯叙事。他们更多是分别更新。 因此，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 present the company's progress as a LIVE, CHECKABLE SEQUENCE OF PROOF POINTS — with BOTH of the following present in management's own words as one coherent posture? (1) A MARKER JUST DELIVERED. Management reports that a specific, concrete operational step it had previously set out to accomplish has JUST been completed or reached in the recent period — something real and verifiable that happened (for example: a facility, line, or site brought online; a product, program, or service launched or shipped; a certification, approval, qualification, or acceptance obtained; a first delivery, first production, first customer, or go-live achieved; a ramp, rollout, conversion, or expansion reaching a defined stage; an integration, build, or transition completed). Management should treat this as a checkpoint passed on a path it had already described or committed to — not merely a good financial result, and not routine activity every quarter contains. (2) THE NEXT MARKER IS NAMED AND NEAR. Management also identifies the NEXT concrete step on that same forward path and anchors it in the near term (roughly within the coming year) with at least approximate timing — what specifically is supposed to happen next and when — presented as scheduled, in motion, or already being executed rather than as an aspiration, and specific enough that an observer could later tell whether it happened. The essence is ONE phenomenon, in whatever form fits the industry: a company moving through an execution sequence in real time — the last checkpoint just cleared, the next checkpoint already on the clock — with management inviting investors to track it step by step, and treating this progression (rather than general market conditions) as what is driving where the company is headed. Answer NO if the call reports only completed accomplishments with no specific near-term next step attached to the same path. NO if management only promises future milestones without any recently completed checkpoint behind them. NO if the only 'delivery' is beating financial guidance or reporting strong numbers, with no operational checkpoint passed. NO if the completed and upcoming steps are routine business-as-usual for this company (ordinary seasonal openings, standard product refreshes, normal maintenance) that management does not present as advancing the company's trajectory. NO if the next step is vague, undated, distant, or contingent on financing, approvals, or decisions not yet in hand. NO if management is chiefly explaining delays, misses, or resets of previously promised milestones. NO if the sequence is assembled only in an analyst's question or summary that management does not itself adopt. Use only the supplied transcript. Answer only YES or NO.

Companies that answered YES

TickerCompanyCallDateCall grade
CMPS COMPASS Pathways plc Q3 2023 2023-11-04 F
VRE Veris Residential, Inc. Q4 2022 2023-02-22 D
ADPT Adaptive Biotechnologies Corporation Q4 2022 2023-02-14 C+
HIW Highwoods Properties, Inc. Q4 2022 2023-02-08 B
TCBI Texas Capital Bancshares, Inc. Q2 2021 2021-07-21 F
CUBI Customers Bancorp, Inc. Q3 2018 2018-10-26 C+
AU AngloGold Ashanti's Q2 2018 2018-08-20 B
XOM Exxon Mobil Corporation Q2 2018 2018-07-27 C
MKC McCormick & Company, Incorporated Q2 2018 2018-06-28 C+
CLMT Calumet Specialty Products Partners, L.P Q1 2018 2018-05-16 C+
ATI Allegheny Technologies Incorporated Q1 2018 2018-04-24 B
SCVL Shoe Carnival, Inc. Q4 2017 2018-03-27 C+
UPLD Upland Software, Inc. Q4 2017 2018-03-08 C+
ITCI Intra-Cellular Therapies, Inc. Q4 2017 2018-03-01 D
INSM Insmed Incorporated Q4 2017 2018-02-23 B
AOSL Alpha and Omega Semiconductor Limited Q2 2018 2018-02-07 B
SBSI Southside Bancshares, Inc. Q4 2017 2018-02-06 A
CPK Chesapeake Utilities Corporation Q3 2017 2017-11-10 A
HOLX Hologic, Inc. Q4 2017 2017-11-08 D
IBTX Independent Bank Group, Inc. Q3 2017 2017-10-24 A
MXL MaxLinear, Inc. Q2 2017 2017-08-08 C+
LIND Lindblad Expeditions Holdings, Inc. Q2 2017 2017-08-06 C
BP BP p.l.c. Q4 2016 2017-02-07 B+
RCL Royal Caribbean Cruises Ltd. Q1 2016 2016-04-29 C+

How the model reasoned

XOM · Q2 2018 → YESThe question is whether management presents the company's progress as a LIVE, CHECKABLE SEQUENCE OF PROOF POINTS with both a marker just delivered and the next marker named and near. YES Management presents a live, checkable sequence of proof points. In Neil Chapman's remarks, he explicitly notes that the Coral Floating LNG project is "progressing on schedule" and that "fabrication of the hull is expected to start in the third quarter of this year" — a concrete, near-term operational checkpoint 3–4 months away. Immediately prior, he states that "earlier this month, we announced that the development plan for the first phase has been submitted," treating that submission as the just-completed marker on the same path. He anchors the next step as "targeting final investment decision in 2019" with 2024 first LNG, presented as scheduled and already in motion rather than aspirational. This forms one coherent posture: the company is executing a verifiable execution sequence on the Mozambique LNG opportunity, with the development-plan submission just cleared and FID locked for 2019. Other examples (Baytown ethane cracker operations begun yesterday; 50 new Permian wells brought to sales in the quarter) exist, but the Mozambique LNG thread satisfies both required elements on a single forward path. No other elements (financial beats, routine maintenance, or analyst questions) are used to construct the sequence.
MKC · Q2 2018 → YESThe question is whether management presents the company's progress as a LIVE, CHECKABLE SEQUENCE OF PROOF POINTS with both a marker just delivered and the next marker named and near. YES The transcript shows management framing the Frank's and French's integration as a completed checkpoint ("With the acquisition and integration complete"), then immediately naming and anchoring the next concrete steps on the same path — such as launching the first dedicated mustard campaign in the U.S. (kicked off this week during the call) and 2018 U.S. national TV advertising for Frank's in the second half — as scheduled, in-motion activities that will drive further growth. This is presented as one coherent execution sequence rather than isolated results. Other elements like distribution gains and summer grilling promotions are tied directly to this progression. No routine or vague items qualify; 2018 advertising and marketing acceleration are explicitly tied to the post-integration trajectory.
CMPS · Q3 2023 → YESThe question is whether management presents the company's progress as a LIVE, CHECKABLE SEQUENCE OF PROOF POINTS with both a marker just delivered and the next marker named and near. YES The transcript shows management framing progress as a live execution sequence: the open-label PTSD Phase II study has just reached full recruitment (a concrete checkpoint passed), and they explicitly name the next marker — top-line readout this year — as the immediate follow-on step already in motion and scheduled within the coming months. This is presented as part of the same forward trajectory they are tracking, alongside the TRD Phase III where site initiations (3/4 of COMP005) are described as continuing to advance toward the summer 2024 readout.

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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.