Latest news with #BrianLewis
Yahoo
6 days ago
- Business
- Yahoo
How the Brooklyn Nets can help the Boston Celtics this NBA offseason
Can the Brooklyn Nets help the Boston Celtics this NBA offseason? As the team in the league with the largest payroll that is also over the second apron long enough to incur the worst penalties mandated by the collective bargaining agreement (CBA), the Celtics are staring at being hit with a potentially historic payroll and tax bill on top of the punitive team building penalties the CBA will dole out on Boston. Enter the Nets, who are the only team in the Association that is going to have the sort of cap space the Celtics would need to absorb the kind of salary necessary in single-team deals to get Boston out of being a second (and perhaps even first) apron ball club. There are other, more complex ways the Celtics could get cheaper -- and others that would take more time -- but if the Celtics want to get cheaper in a hurry, all roads lead to Brooklyn. Advertisement The cohost of the CLNS Media "Garden Report" podcast, Bobby Manning, sat down with the New York Post's Brian Lewis on a recent episode of the show to talk over the potentiality for a Nets-Celtics cap cleansing team up. Take a look at the clip embedded below to hear what they had to say. If you enjoy this pod, check out the "How Bout Them Celtics," "First to the Floor," and the many other New England sports podcasts available on the CLNS Media network: This article originally appeared on Celtics Wire: How the Brooklyn Nets can help the Celtics this NBA offseason
USA Today
6 days ago
- Business
- USA Today
How the Brooklyn Nets can help the Boston Celtics this NBA offseason
How the Brooklyn Nets can help the Boston Celtics this NBA offseason Can the Brooklyn Nets help the Boston Celtics this NBA offseason? As the team in the league with the largest payroll that is also over the second apron long enough to incur the worst penalties mandated by the collective bargaining agreement (CBA), the Celtics are staring at being hit with a potentially historic payroll and tax bill on top of the punitive team building penalties the CBA will dole out on Boston. Enter the Nets, who are the only team in the Association that is going to have the sort of cap space the Celtics would need to absorb the kind of salary necessary in single-team deals to get Boston out of being a second (and perhaps even first) apron ball club. There are other, more complex ways the Celtics could get cheaper -- and others that would take more time -- but if the Celtics want to get cheaper in a hurry, all roads lead to Brooklyn. The cohost of the CLNS Media "Garden Report" podcast, Bobby Manning, sat down with the New York Post's Brian Lewis on a recent episode of the show to talk over the potentiality for a Nets-Celtics cap cleansing team up. Take a look at the clip embedded below to hear what they had to say. If you enjoy this pod, check out the "How Bout Them Celtics," "First to the Floor," and the many other New England sports podcasts available on the CLNS Media network:
Yahoo
02-06-2025
- Business
- Yahoo
2025 NBA Draft: Would the Nets be the perfect fit for Dylan Harper?
The Brooklyn Nets have some important decisions to make before the 2025 NBA Draft comes around in June and they will have to do something with their five draft picks. Brooklyn will have four picks in the first round, including the eighth overall pick, but it's fair to wonder if a certain Rutgers player would be perfect for the Nets if the team were to select him. Brian Lewis of the New York Post recently said on X to user "Aces" that Rutgers guard Dylan Harper would be the first player taken in most drafts outside of the upcoming 2025 edition. Lewis went on to say that Harper would be "perfect" for the Nets, according to the scouts that he has talked to thus far. In the upcoming Draft, Harper seems to be the consensus second player taken after Duke forward Cooper Flagg and it makes sense given how much hype precedes Flagg. Advertisement In his latest mock draft for Bleacher Report, Jonathan Wasserman projected Harper to be taken by the San Antonio Spurs with the second overall pick and one would be hard-pressed to find a mock draft that doesn't have Harper off the board by the time the third overall pick comes around. As this relates to the Nets, it's important to note that there are reports suggesting that Brooklyn could attempt to move up in the Draft. However, Lewis himself reiterated that multiple people believe that it's unlikely that the Nets would be able to get the No. 2 pick. Harper, 19, is coming off a freshman season at Rutgers in which he put himself firmly in the top-3 of the Draft after averaging 19.4 points, 4.6 rebounds, 4.0 assists, and 1.4 steals per game while shooting 48.4% from the field and 33.3% from three-point land. Harper put forth that kind of production while playing alongside forward Ace Bailey, who is widely projected to be taken in the top-4 of June's Draft. While it's considered unlikely that the Nets would be able to get in position to take Harper in the Draft, if Brooklyn were able to get Harper somehow, it's easy to see why he would be perfect for a Nets team that is still looking for its point guard of the future. "The positional size, strength and length are obvious selling points and advantage creators for a ball-handler that can change directions and gears as well as Harper," Wasserman wrote. This article originally appeared on Nets Wire: 2025 NBA Draft: Would the Nets be the perfect fit for Dylan Harper?
USA Today
30-05-2025
- Sport
- USA Today
Nets may be able to pull off 2025 NBA Draft trade with the Rockets
Nets may be able to pull off 2025 NBA Draft trade with the Rockets The Brooklyn Nets have a number of matters to attend to ahead of the 2025 NBA Draft in June, especially with them having four picks in the first round. Brooklyn did not get the result they were hoping for in the Lottery as they ended up with the eighth overall pick, but it seems like there may be an opportunity for them to get another bite at the Lottery apple. Brian Lewis of the New York Post reported earlier this month that the prevailing belief from other teams is that the Nets could be trying to acquire another Lottery pick in this Draft. Lewis' reporting seemingly confirmed what NBA insider Jake Fischer reported in that Brooklyn was assumed to be a team looking to move up while Lewis left the door open for the Nets to potentially use forward Cam Johnson to get something else in the Draft. "So league sources expect the Rockets to look into trading this pick, whether it's a trade way up, a trade out for a star or a trade out for a group of future picks similar to what the Spurs received from the Timberwolves when Minnesota moved up for Rob Dillingham last year," Yahoo! Sports' Kevin O'Conner reported during his latest mock draft article. For those who need a refresher, the Minnesota Timberwolves traded first-round picks in 2030 and 2031 to the San Antonio Spurs on the night of the Draft in exchange for the right to draft Rob Dillingham with the eighth overall pick. If the Rockets were looking to trade back in the Draft or out of it completely, the Nets have the 19th, 26th, and 27th overall picks in this draft along with plenty of first-round picks to use in the next few years. While O'Connor's report could give Brooklyn the hope that they can acquire another first-round pick in the Lottery, it's fair to note that Houston could do a number of things with the 10th overall pick, including trading up in the draft or using it to get Milwaukee Bucks superstar Giannis Antetokounmpo. Ironically, the last time the Nets and the Rockets did business together, it involved swapping picks to help each franchise get what they wanted.
Yahoo
16-05-2025
- Business
- Yahoo
Intellicheck Inc (IDN) Q1 2025 Earnings Call Highlights: Strong Recurring Revenue Growth Amid ...
Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Intellicheck Inc (NASDAQ:IDN) has significantly increased its recurring revenue stream from under $2 million to almost $20 million annually. The company is making progress in migrating clients from Azure to AWS, which is expected to result in cloud savings and improved data analytics. Intellicheck Inc (NASDAQ:IDN) is diversifying its client base beyond retail credit cards into sectors like retail banking, title insurance, auto, and logistics. The company has appointed Tim Poolin as Senior Vice President of Sales, who has a strong track record in driving revenue and fostering client relationships. Gross margins remain strong at around 90%, with an adjusted gross margin of 91.8% in Q1 2025, indicating scalability and efficiency. Retail revenue has decreased by 26% from Q1 2024, reflecting challenges in the retail sector. The company is still in the process of integrating new clients and systems, which can delay revenue realization. Economic conditions have led to a decrease in consumer confidence, impacting retail purchases. The company faces challenges in penetrating new markets and requires time to establish itself in sectors like logistics and background checks. There is a reliance on resellers for market penetration, which may limit direct control over sales processes and customer relationships. Warning! GuruFocus has detected 4 Warning Signs with BOM:500245. Q: How much of the title market does Intellicheck currently penetrate, and what is the potential for growth in this area? A: (Brian Lewis, CEO) Intellicheck currently has exposure to about 40% of the title market. The revenue from title insurance is up about 350% in Q1, split between direct large clients and smaller clients through resellers. The company is optimistic about further growth as they continue to integrate with large clients and expand through reseller partnerships. Q: Outside of credit cards, what are Intellicheck's next three largest verticals? A: (Brian Lewis, CEO) The next largest verticals are banking, auto, and age-restricted products. Revenue from retail banking has increased by about 50% compared to Q1 of last year, indicating significant growth in that sector. Q: What is the current exposure to retail, and how is it impacting Intellicheck's growth? A: (Brian Lewis, CEO) Retail exposure has decreased, with revenue from retail down 26% from Q1 of 2024. This decline is due to some customers going out of business and general retail challenges. However, the diversification into other markets has been beneficial, and the company is well-positioned to benefit from any economic turnaround. Q: What drove the increase in deferred revenue and fast RPOs in the recent quarter? A: (Brian Lewis, CEO) The increase is largely due to a shift in pricing models, where customers, particularly large banks, are signing multi-year contracts and paying upfront, either annually or quarterly. This change from billing in arrears to upfront payments has contributed to the increase. Q: Can you provide an update on the large social media customer and the regional bank's anticipated rollout? A: (Brian Lewis, CEO) The social media customer is satisfied with Intellicheck's services but has variable volume needs. The large regional bank has agreed to terms, and the company is currently going through procurement processes. The bank continues to use Intellicheck's services in the digital space, and an announcement will be made once the paperwork is finalized. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
