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Vaxart, Inc. (VXRT) Shareholder/Analyst Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Greetings, and welcome to Vaxart’s Stockholder Fireside Chat Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the webcast over to David Carey, Finn Partners.

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David Carey
Finn Partners, Inc.

Good afternoon, and welcome to today’s call. Joining us from Vaxart are Steve Lo, Chief Executive Officer; Dr. Sean Tucker, Founder and Chief Scientific Officer; Dr. James S. Cummings, Chief Medical Officer; Jeroen Grasman, Chief Financial Officer; and Ed Berg, Senior Vice President and General Counsel.

Before we begin, I would like to remind everyone that during this conference call, Vaxart may make forward-looking statements, including statements about the company’s financial results, financial guidance, its future business strategies and operations, any partnerships with third parties, timing of any anticipated regulatory approvals or that any such approval will be obtained, the company’s future cash runway, ability to regain compliance with NASDAQ listing standards or raise capital if such listing is regained, and its product development and regulatory progress, including statements about its ongoing or planned clinical trials.

Actual results could materially differ from those discussed in these forward-looking statements due to a number of important factors, including uncertainty inherent in the clinical development and regulatory process and other risks described in the Risk Factors section of Vaxart’s most recently filed annual report on Form 10-K and also on other periodic reports filed with the SEC. Vaxart undertakes no obligation to update

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Adaptive Biotechnologies’ president Rubinstein sells $2.37 million in ADPT stock

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Adaptive Biotechnologies’ president Rubinstein sells $2.37 million in ADPT stock

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Winners and Losers of the Fertilizer-Price Surge

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Fertilizer Stocks Jump With Shipments Stuck at the Strait of Hormuz

Winners and Losers of the Fertilizer-Price Surge

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the three projects causing uproar

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the three projects causing uproar

Malta’s golden beaches and bustling tourist industry have long attracted both visitors and investors.

Yet, beneath this success, the island has become somewhat of a battleground for persistent debates, legal disputes and public controversies. As developers push forward with ambitious projects, critics and NGOs continue to raise concerns about their environmental, social, and cultural impacts. Ahead, we spotlight the three developments which sparked the fiercest battles in Malta’s development scene.

Camilleri’s Villa Rosa: development’s momentum meets backlash on Malta’s coastline

Anton Camilleri’s Villa Rosa project has provoked significant public backlash in recent times, drawling criticism from local councils, activist organisations and environmental non-governmental organisations (NGOs) alike. In 2025, Camilleri unveiled a renewed draft plan for the site, envisioning a 146,500-square-metre development comprising a hotel, commercial areas, retail, and catering facilities which would be spread across three towers.

Environmental NGOs have been particularly vocal in their opposition, warning that approval of the project would ‘disfigure’ Malta’s coastal landscape. The coalition of hostile NGOs, including Moviment Graffitti, Din l-Art Helwa, and BirdLife Malta issued a statement arguing that there was ‘no credible justification’ for increasing the project’s scope. They also criticised the absence of evidence showing a tourism shortfall in Malta or that high-rise hotels would, in fact, attract ‘high-quality tourism,’ noting as well that no environmental, social, or economic impact assessments had been submitted.

This is not the first time the Villa Rosa development has faced setbacks. In December 2024, an initial permit for the Villa was rescinded due to the developer’s failure to ‘follow site notice procedures.’ Moviment Graffiti lodged the appeal, highlighting that ‘site notices were not affixed on one side of the project site and did not include the names of all the access roads next to the project.’ Indeed, the relentless opposition from prominent voices in Malta’s civic and development spheres underscores why Villa Rosa clearly warrants a place among the country’s most controversial projects.

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Paul Gauchi’s Villa St Ignatius: Logistical Challenges Spark Court Battles

Whilst Paul Gauchi, owner of Villa St Ignatius, was ultimately cleared of wrongdoing in a court case over the St Ignatius project, the very fact that the case reached the courts makes it a noteworthy entry on this list of controversial developments.

For context, developer Paul Gauci acquired the 19th-century historic villa in Sliema, with plans to redevelop it into a four-star hotel. NGO Din L-Art Helwa protested, arguing that parts of the building were demolished in violation of a 2017 court order requiring roof repairs by the previous owners. Furthermore, the NGO also contended that the planned redevelopment threatened the villa’s historic fabric and as a result, they had no option but to pursue their protest in court.

However, in a damning judgement levied against the NGO in October 2025, Justice Vella Cuschieri ruled that Din L’art Helwa had no legal authority to file the case in the first instance, as Gauci was not bound by the original court order dating back to 2017. The Planning Authority amplified these criticisms, accusing the NGO of ‘misusing its platform to target individual public officers’ and warning that such actions could undermine the effectiveness of enforcement staff acting in the public interest.

Corinthia Group’s Hal-Ferħ Project: Public Land but Private Gains

The Corinthia Group Hal-Ferħ scandal has been unfolding since October 2021, when The Shift first revealed that Corinthia Group, a Maltese hotel developer, would be parting with just $1.3 million for 30,600 square metres of public land – far below the $10.3 million originally expected for a site enjoying exclusive views over Golden Bay.

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The project departs significantly from the 2012 permit previously granted for the area. Rather than the 228 tourism and timeshare units initially approved, Corinthia Group instead proposed the building of a luxury resort complex consisting of a hotel with 122 rooms and 39 suites alongside a residential zone spanning accommodating 25 high-end villas.

Critics have voiced sharp criticism of the deal, arguing that not only was valuable public land sold at a heavily discounted price, but that the terms under which Corinthia acquired the land were ‘scandalous’ and potentially ‘illegal.’  The damning allegations, reported by The Shift, posits that whilst the hotel developers would pay $1.3 million upfront, the remaining €9 million would be financed through the sale of the villas, paid incrementally each time a property sold.

Legal sources suggested that the agreement could have breached EU state aid rules, raising questions over ‘unfair competition, below-market prices and advantageous payment terms.’ Indeed, critics argue that if the revised permit terms had been publicly known in advance, other developers might have submitted competing bids for the land. Despite the absence of a formal investigation into these allegations, Corinthia’s Hal-Ferħ project has clearly been mired in controversy since its inception.

The project has not escaped debate in more recent times either. In 2025, the Environment and Resources Authority (ERA) raised three principal concerns regarding the development. These included the potential for a major adverse impact on landscape and visual amenity, significant impacts resulting from the removal of geological material, and moderate impacts on fauna caused by artificial lighting.

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Although the ERA ultimately issued clearance subject to certain conditions, and in February 2026 the project was recommended for approval by the Planning Authority, the anticipated environmental impacts have nonetheless generated frustration and criticism on social media. Notably however, no major NGOs such as Moviment Graffiti or Din L’art Helwa have formally appealed or protested the Hal-Ferħ development.

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Katie Nolan Has Epic Freak-Out Meeting Jeopardy! All-Stars Before Celebrity Showdown

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Katie Nolan

Katie Nolan, the sports media personality and longtime Jeopardy! enthusiast, couldn’t contain her excitement after crossing paths with two of her favorite recent contestants just hours before stepping onto the Celebrity Jeopardy! stage for the All-Stars edition.

Katie Nolan

In a behind-the-scenes clip released by ABC ahead of the March 13, 2026 premiere, host Ken Jennings teased Nolan about her earlier encounter with standout players Sam Buttrey and Andrew He. The moment sent the broadcaster into full fan mode: hands flying to her head, eyes wide, voice rising as she exclaimed how surreal it felt to meet them in person.

“Oh my God, I freaked out,” Nolan said in the preview, laughing at her own reaction. She described He giving her a last-minute pep talk loaded with classic sports clichés. “It was literally every locker-room line you’ve ever heard. I don’t know if it helped, but it was amazing.”

The clip, widely shared across social media and highlighted by TV Insider and other outlets, quickly became one of the most talked-about moments leading into the season opener. For Nolan — who has never hidden her deep love for the quiz show — the interaction felt like a full-circle dream.

Nolan first competed on Celebrity Jeopardy! during the 2023-2024 cycle, powering through the quarterfinals and semifinals before finishing as runner-up in the finals and raising $100,000 for The Trevor Project. Her return for the All-Stars tournament places her among an elite field of 21 celebrities, including three former champions who receive direct semifinal berths: Ike Barinholtz, Lisa Ann Walter and W. Kamau Bell.

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Tonight’s Quarterfinal #1 pits Nolan against Saturday Night Live alum Rachel Dratch and actor-director Mark Duplass. The episode airs at 8 p.m. ET on ABC, with next-day streaming available on Hulu.

Fan sites and prediction threads on Reddit and Jeopardy! message boards give the trio fairly even chances heading into the game, citing their strong buzzer timing and clue-conversion rates from prior appearances. Many observers expect the outcome to hinge on Daily Double timing and aggressive Final Jeopardy! wagering — elements producers have emphasized will carry extra weight in this All-Stars format.

The new season introduces strategic tweaks designed to reward bold play, a change Jennings has praised in recent press interviews. “These players know the game now,” he said. “They’re coming back ready to swing bigger.”

Beyond competition, Nolan’s genuine fangirling has struck a chord with viewers. Social media reactions poured in after the sneak peek dropped, with fans calling her response “the most relatable celebrity Jeopardy! moment ever” and “proof she’s one of us.”

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Her sports broadcasting background — spanning roles at ESPN, Fox Sports and her own podcast work — has long translated into quick recall and composure under lights. That same energy was on full display during her debut run, where she frequently outpaced better-known names in clue acquisition.

The All-Stars lineup remains stacked: Macaulay Culkin, Patton Oswalt, Cynthia Nixon, Margaret Cho, Ray Romano, Mina Kimes, Mo Rocca, Roy Wood Jr., Robin Thede, Mira Sorvino, Steven Weber, Sean Gunn, Andy Richter, Jackie Tohn, Tim Simons and others round out the field. Each celebrity plays for a charity of their choice, continuing the spinoff’s tradition of blending high-stakes trivia with philanthropy.

For Nolan, though, the experience transcends the scoreboard. In past interviews she has called appearing on Jeopardy! “literally my favorite thing on Earth,” and the chance to meet players like Buttrey and He only amplified that joy.

Whether she advances to the semifinals will be decided tonight, but her pre-game enthusiasm has already secured her a win in the eyes of many longtime viewers. As one fan posted on X shortly after the clip surfaced: “Katie Nolan losing her mind over Andrew He is the content we didn’t know we needed.”

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Tune in to ABC at 8 p.m. ET to see if Nolan can channel that same energy into another strong Celebrity Jeopardy! performance.

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Iran war puts many in US on high alert, but synagogue attack shows limits

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Iran war puts many in US on high alert, but synagogue attack shows limits


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Turning Grit Into a Leadership-Driven Business

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Poorly designed and inadequately maintained workplaces are draining the UK economy of more than £71 billion a year, according to new research from facilities and security services company Mitie.

How Trig, Inc. Turned a Simple Idea Into a Sales Organization

In 2018, Adrienne P. saw something many people overlooked.

Major national brands were expanding. Retail environments were evolving. Digital marketing was growing fast. Yet many companies still needed something simple and human: real conversations with customers.

That gap in the market led to the launch of Trig, Inc., a Columbus, Ohio–based sales and leadership development organization.

The idea behind the company was direct. Represent brands face-to-face. Build trust with customers. And develop the next generation of business leaders along the way.

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“The industry often focuses on quick transactions,” Adrienne says. “But we’ve always believed in real conversations. If you understand the customer, the rest of the process becomes clearer.”

That belief helped shape Trig from its earliest days.

The Story Behind the Name Trig

Unlike many companies, the name Trig does not come from a long business backstory.

Instead, it came from a simple moment of creativity.

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“I scrambled the word grit and landed on Trig,” Adrienne says. “There wasn’t some deep branding exercise behind it.”

But the meaning behind the word stuck.

Grit became a quiet theme inside the company. It reflected the work ethic required to succeed in a competitive sales environment.

“Hard work, discipline, and consistency matter more than flashy ideas,” Adrienne says. “That mindset shaped how we built the company.”

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The focus was never just growth. It was sustainable growth.

Why Face-to-Face Sales Still Matters

Trig was founded to meet market expansion demand from national clients. Many brands needed strong in-person representation in retail locations, sports venues, and event environments.

While technology continues to change the sales world, Adrienne believes personal interaction still plays an important role.

“People want information, but they also want connection,” Adrienne says. “A conversation allows you to understand what someone actually needs.”

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Trig teams represent products and services directly to customers in these environments. The goal is not to rush the interaction.

Instead, the company trains team members to ask questions and listen carefully.

“Our model is simple,” Adrienne explains. “It has to be a win for the client, a win for the customer, and a win for the team. If it’s not all three, we don’t move forward.”

That approach helped the company build long-term relationships with clients rather than relying on short-term results.

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Building a Culture Around Leadership and Growth

From the outside, Trig might look like a traditional sales organization. But inside the company, the focus is broader.

Adrienne describes Trig as a leadership and entrepreneurial development organization.

Team members are trained in more than just product knowledge. They learn communication skills, emotional intelligence, leadership habits, and business thinking.

Many employees begin with limited business experience. Over time, they develop the ability to lead teams, manage performance, and solve problems independently.

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Adrienne believes this approach benefits both the company and the individuals involved.

Recognizing Consistent Performance Over Time

Since launching in March 2018, Trig has received more than 25 awards tied to performance, leadership, compliance, and customer satisfaction.

Some of the recognitions include:

  • Campaign Pacesetter Awards
  • National Pacesetter honors
  • Market Expansion Leadership Awards
  • Consistency Awards
  • Million Dollar Club Awards from 2018 through 2025

One achievement stands out in particular.

Trig has earned Campaign Cup recognition for seven consecutive years, recognizing the highest sales production among comparable channels used by its clients.

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Adrienne says the recognition reflects long-term consistency rather than one strong year.

“Anyone can have a good season,” she says. “What matters is maintaining that level over time.”

The awards also reinforce the company’s focus on discipline and steady improvement.

The Role of Integrity in High-Performance Work

Sales organizations often face pressure to prioritize numbers.

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Adrienne believes strong results matter. But they must be paired with integrity.

“High performance without integrity doesn’t last,” she says. “But integrity without performance is ineffective.”

That balance shapes how Trig approaches customer interactions.

Representatives are trained to understand customer needs before presenting products or services. The company encourages team members to slow down conversations and listen carefully.

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“People can tell when you’re just trying to close something,” Adrienne says. “If you focus on understanding first, you build trust.”

That trust often leads to stronger relationships between brands and customers.

The Long-Term Vision for Trig, Inc.

More than seven years after its launch, Trig continues to operate with the same mindset that shaped its founding.

Integrity remains central. Performance is expected. And growth is constant.

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Adrienne believes the company’s biggest impact may come from the people it develops along the way.

“We’re building leaders who create opportunity for others,” she says.

That focus on leadership development is what Adrienne sees as the company’s long-term contribution to the industry.

“We build for our clients,” she says. “But we grow as a team.”

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For Trig, the formula is straightforward.

Integrity is the foundation. Performance is the standard. And growth is a daily habit driven by grit.

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3 Food Stocks With Big Dividend Yields That Wells Fargo Just Downgraded

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3 Food Stocks With Big Dividend Yields That Wells Fargo Just Downgraded

3 Food Stocks With Big Dividend Yields That Wells Fargo Just Downgraded

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FAA lifts ground stops at Reagan National, other D.C.-area airports after chemical smell disrupts controllers

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Emirates airplane

The Federal Aviation Administration lifted ground stops Friday evening at Ronald Reagan Washington National Airport and other major airports serving the Washington, D.C., region after a strong chemical smell at a key air traffic control facility forced a temporary halt to operations.

Emirates airplane
Unleashed Agency / Unsplash

The disruptions began around 4:50 p.m. when the FAA issued ground stops at Reagan National (DCA), Washington Dulles International (IAD) and Baltimore-Washington International Thurgood Marshall (BWI) airports. The agency cited a “strong chemical smell” at the Potomac Consolidated Terminal Radar Approach Control (TRACON) facility in Warrenton, Virginia, about 50 miles west of the capital, that was impacting some air traffic controllers.

The Potomac TRACON manages approach and departure traffic for the busy airspace covering the D.C. metropolitan area, as well as Richmond International Airport (RIC) in Virginia, which also fell under a ground stop. Additional airports in the facility’s coverage area, including Charlottesville-Albemarle Airport and Manassas Regional Airport, experienced similar restrictions. Philadelphia International Airport (PHL) faced ground delays tied to the regional ripple effects.

FAA officials initially described the issue as an “equipment outage” on their status page, but later clarified in statements that the odor was the primary cause, affecting controller operations. The agency did not immediately identify the source of the smell or confirm whether it posed a health risk, though no injuries or evacuations were reported at the TRACON facility.

Transportation Secretary Sean Duffy addressed the situation on social media, stating that the FAA was actively investigating the odor and working to resolve it. “The FAA is investigating a strong odor coming from Potomac TRACON,” Duffy posted. In follow-up updates, officials emphasized efforts to “address the source of the strong odor.”

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By approximately 7:45 p.m., the FAA lifted the full ground stops at DCA, IAD and BWI. Flights resumed under ground delay programs, with some departures facing waits of up to three hours or more into the overnight period Friday into Saturday. Dulles reported departure delays climbing to 90 minutes and increasing during the peak of the disruption.

Passengers at the affected airports reported long lines and uncertainty as airlines scrambled to manage the backlog. At Reagan National, located along the Potomac River just minutes from downtown Washington, travelers posted photos of crowded terminals and gates with delayed or canceled flights. Similar scenes unfolded at Dulles, the region’s main international gateway, and BWI, which serves as a major hub for Southwest Airlines.

The incident highlights the vulnerability of the nation’s air traffic system to even localized issues at control facilities. The Potomac TRACON handles thousands of flights daily in one of the country’s most congested airspaces, where military operations, commercial traffic and presidential movements frequently overlap.

FAA spokesperson Donnell Evans confirmed in an email that the smell directly affected controllers, prompting the precautionary halt to prevent safety risks. “The FAA has temporarily stopped traffic … because of a strong chemical smell at the Potomac TRACON that is impacting some air traffic controllers,” Evans said.

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Authorities have not released details on what caused the odor, though some social media speculation from aviation observers suggested possible HVAC issues, maintenance chemicals or an environmental factor at the facility. The FAA said investigations were ongoing, with no immediate indication of foul play or a hazardous materials incident requiring broader emergency response.

As operations normalized, airlines began issuing waivers for rebooking and changes without fees. Travelers were advised to check flight status directly with carriers or through the FAA’s flight status tools.

The ground stop lasted roughly three hours at its peak, a relatively short duration compared to past major disruptions but enough to create cascading delays across the East Coast. By late Friday evening, the focus shifted to recovery, with controllers reportedly back online after the facility addressed the immediate concerns.

The FAA urged passengers to monitor fly.faa.gov for real-time updates. No further ground stops were anticipated as of late Friday, though residual delays were expected to persist into Saturday morning.

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This incident marks another reminder of how sensitive the aviation network is to issues beyond weather or mechanical problems at individual airports. Officials have not indicated any long-term impact on operations.

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Port of Tauranga Limited (PTAUY) Analyst/Investor Day – Slideshow

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Port of Tauranga Limited (PTAUY) Analyst/Investor Day – Slideshow

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Q4 GDP Second Estimate: Real GDP At 0.7%, Lower Than Expected

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Q4 GDP Second Estimate: Real GDP At 0.7%, Lower Than Expected

Wooden cube with the word USA and GDP on an American flag background. Business and GDP growth. Gross Domestic Product concept of USA. Counting only income generated within the country.

Worawith Ounpeng/iStock via Getty Images

By Jennifer Nash

U.S. economic growth cooled more than expected in Q4 2025, according to the BEA’s latest estimate. Real GDP rose at just a 0.7% annual rate, falling well short of the 1.4% forecast and marking a steep drop-off

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