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CallDelta

Exhibit NO. 005

Read the tone gap in earnings calls.

For earnings-call research: management remarks and analyst Q&A, scored separately across quarters. For a different research comparison, Scholar Outflow Lab follows researchers’ affiliations rather than earnings-call tone.

30/30 synthetic passages tagged as expected in the recorded evaluation.

Management vs. analyst Q&A Fictional sample · 8 quarters

Northwind Semiconductor

Management Analyst Q&A
-0.5 0.0 0.5 1.0 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q4 25 Q1 26
Q1 26 · tone gap0.27

Management stays more positive than the Q&A.

View the values
QuarterManagementAnalyst Q&A
Q2 240.740.52
Q3 240.780.58
Q4 240.710.49
Q1 250.690.45
Q2 250.720.48
Q3 250.680.41
Q4 250.660.38
Q1 260.620.35

Synthetic data from the product’s sample file. Not a trading signal.