The earnings call reflected a positive sentiment overall, driven by the successful completion of the CRESSO transaction and significant financial turnaround. While there was a decrease in revenue due to restructuring, the expanded ecosystem and strategic partnerships position the company well for future growth. However, ongoing cash flow challenges and negative adjusted EBITDA indicate areas for improvement.

Company Guidance

During the ARCpoint Inc. Q3 2024 earnings call, CEO John Constantine highlighted the company's strategic advancements, emphasizing a pivotal joint venture with CRESSO Brands, which expanded their distribution from 135 to over 370 locations. The collaboration includes a licensing agreement for the MyARCpointLabs software platform, set to enhance operational efficiency across these locations, with positive financial impacts anticipated in 2025. CFO Jason Tong reported that Q3 2024 revenue was $1.2 million, a decline from $1.6 million in Q3 2023, primarily due to decreased royalties and the deconsolidation of ARCpoint Franchise Group. Despite this, the net income surged to $5.2 million, driven by a $6.3 million accounting gain from the CRESSO transaction, marking a significant turnaround from a $1.5 million loss in the previous year. The company is also developing a large language model to educate consumers on their health data, aiming to enhance service offerings and generate new revenue streams.

Successful CRESSO Transaction

The CRESSO transaction was concluded in the third quarter of 2024, significantly increasing the distribution footprint from 135 locations to over 370 locations and contributing to a significant accounting gain.

Positive Financial Turnaround

Net income for Q3 2024 was $5.2 million compared to a net loss of $1.5 million in Q3 2023, with EBITDA for Q3 2024 at $5.5 million compared to negative $1.2 million in Q3 2023, primarily due to an accounting gain on deconsolidation.

Expanded Ecosystem and Strategic Partnerships

The company has signed a licensing agreement for its software platform, MyARCpointLabs, with CRESSO Brands and is refining its bidirectional interface with telehealth companies, expanding its healthcare ecosystem.

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RSI International Systems (TSE:ARC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:ARC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 20, 2018	2018 (Q3)	- / 0.01	-0.003	433.33% (+0.01)	―	―
Apr 26, 2019	2018 (Q4)	- / 0.32	-0.01	3280.00% (+0.33)	―	―
May 30, 2019	2019 (Q1)	- / -	-0.004	―	―	―
Aug 27, 2019	2019 (Q2)	- / >-0.01	0	―	―	―
Apr 30, 2020	2019 (Q4)	- / >-0.01	0.319	-100.63% (-0.32)	―	―
May 20, 2020	2020 (Q1)	- / -	0.128	―	―	―
Jul 29, 2020	2020 (Q2)	- / >-0.01	-0.005	60.00% (<+0.01)	―	―
Nov 17, 2020	2020 (Q3)	- / >-0.01	-0.001	-100.00% (>-0.01)	―	―
Apr 29, 2021	2020 (Q4)	- / >-0.01	-0.002	50.00% (<+0.01)	―	―
May 26, 2021	2021 (Q1)	- / -	-0.001	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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TSE:ARC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 28, 2024	C$0.06	C$0.06	0.00%
Aug 29, 2024	C$0.10	C$0.11	+10.00%
May 23, 2024	C$0.10	C$0.09	-10.00%
Apr 29, 2024	C$0.09	C$0.09	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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FAQ

When does RSI International Systems Inc (TSE:ARC) report earnings?

RSI International Systems Inc (TSE:ARC) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.

What is RSI International Systems Inc (TSE:ARC) earnings time?

RSI International Systems Inc (TSE:ARC) earnings time is at May 05, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:ARC EPS forecast?

Currently, no data Available

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