Neighborhood Intelligence, Inc. (NXH) Discusses Acquisition Strategy Shift and Focus on Addressing Home Affordability Challenges Transcript

SA Transcripts 162.15K Followers Follow Neighborhood Intelligence, Inc. ( NXH ) Discusses Acquisition Strategy Shift and Focus on Addressing Home Affordability Challenges September 9, 2026 10:30 AM EDT Company Participants Marcus Lemonis - CEO & Executive Chairman Conference Call Participants Michael Piccolo - Wedbush Securities Inc., Research Division Presentation Michael Piccolo Wedbush Securities Inc., Research Division Everybody, and thank you for joining us today. I'm here with the Chairman and CEO, Marcus Lemonis of the new Neighborhood Intelligence, formerly Bed Bath & Beyond. And we got a great list of prepared questions that we're going to go through and learn a little bit more about the Neighborhood Intelligence story, what's driving the stock today and how Marcus sees intrinsic value for his ultimate vision in the long term. So thank you again for coming today, Marcus. Very happy to have you here. Marcus Lemonis CEO & Executive Chairman Appreciate you guys doing this. Michael Piccolo Wedbush Securities Inc., Research Division Yes. No, of course. Question-and-Answer Session Michael Piccolo Wedbush Securities Inc., Research Division So I want to address one of the most recent news items first. Yesterday, you guys announced that you're mutually terminating the agreement with F9 for that acquisition. Can you expand more on what happened? And also what does that mean for your strategy overall, specifically the Home Services pillar? Because forgive me, I think a lot of brands were coming from that. Marcus Lemonis CEO & Executive Chairman Yes. I think you have to back up and really understand like what is the acquisition strategy and how are we thinking about bringing companies into the fold? And back in January, we clearly identified that we wanted to set up a 3-pillar structure: Omni-Channel businesses, which is largely led by our asset-light e-commerce business; Home Services businesses, which are high margin, high recurring once you cross the threshold businesses; and then Home Ownership, which includes