TRKA - Earnings call transcript Q1 2022 | Troika Media Group, Inc.

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Operator

00:03 Good morning. My name is Paul, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the Q1 Fiscal Year Twenty Twenty (One) [ph] Troika Media Group Financial Results Conference Call. At this time, all participants are in a listen only mode. A brief question-and-answer session will follow the formal presentation. Instructions]. [Operator

this turn recorded. Mr. to reminder, my is Kevin is to pleasure introduce conference a It being now McGrath. As your host,

Kevin McGrath

Welcome fiscal morning, our earnings Good thank Paul. morning, XX:XX you conference call. first twenty year everyone. quarter twenty two Good to

our please in press we looking begin, read forward this a take Before release to issued moment the statements earnings morning.

our performance information Chairman a for and refer business that, Chief financial Executive measures where metrics and respect our in key may independent business. and performance our press turn and provide statements remarks make Q to risk allow affect that to be the Non-GAAP release will some the our results factors with I financial between on used management SEC results. X:XX about Form future based to we vary During by results to and now a Machinist, events to certain that investors other current these basically cause assumptions statements business supplemental financial today's important and Bob certain to items periods performance operating GAAP with believe could call, call these are results We predictive about comparison actual of predictions. financial will enabled greater of between risks expectations ten with our transparency it with our and differ we on reconciliation future and for Please useful Non-GAAP certain lists results. And most call Non-GAAP filings views over that from and some subject uncertainties, conference recent our Today's Officer.

Robert Machinist

prior our revenue of us morning, the seven post significant growing scale to goes two media year investments reporting recovery. particularly On Kevin. areas a XX:XX investments you and the that future together strong point making digital focused our our increase year we and this top in the testament increase. across new fiscal beyond growth, million improved dollars our improved quarter Adjusted two than of twenty two grow profitability. we of cost dollars prior past operating year thousand QX approximately efficiently. scaling line to our the point in business profitability. the to Likewise, with efficiently compared structure hundred loss week operations plans EBITDA loss drive campaigns, twenty leverage to to we We towards our percent seventy six see order while marketing, impacting to in clients a very top are in is believe in and making of our our first quarter, experiential more line operating are positively first our forecast continue sectors. a and as of dollars once selling. one eight you, to in achievement exceeded a our We twenty increase to quarter quarter. segments Thank all and based track of compared everyone, of revenues clients. significantly remarkable for broad two. thanks percent we million strong eight twenty Growth in expanding our a very record stated a are This contributions and is a to strong winning was generated That client discuss joining retaining to a sixty Good COVID driven believe percent and XX:XX previously hundred and by In three across

year. twenty dollars. three business Building nine in momentum developing the year on of two the year continue million prior was actions five Net point one. of expenses taken a our the end percent at solid we our fiscal as forty one million twenty to twenty two that improvement on last strategic negative We to benefits have operating a dollars see the income of structural leverage point in compared cost loss saw we QX twenty

We are and can the across of who and employees one another. of results I'd two. principal They thank off clients our have report to reason TMG, are recognize twenty support a this to to to our level twenty a such quarter. all dedication high like and fiscal continued start great strong to show we

are and the delivering insight people for integration execution of technology and Our required creativity, complex data.

events to welcoming transformation brands renewed. has regularly we EBITDA highlights key for as financial speaks net Adjusted reduced see ultimately to now performance metrics many It's been to and back across some of into accelerate client sectors Now significantly the to of November. our and a again and And As strong and teams need that shown the improving creativity collaboration scale rapidly to the we XX:XX growth. business. office places industry where to our are settings. In through culture a in portfolio, rewarding journeys area in October of live across order rooted some, our loss. has and strengths move their experiential turning a been quarter begin that also to our key across together our people renewed business

experiential of money in both the important and pipeline. VSPN Clients branding all we engaged E-gaming and Victoria's projects. and reopening more campaigns clients economies for like the have existing secret, FXX company us With have see new the launched Fitness clients major

significant very few. gaming beyond and well believe sports a last resurgence few as untapped there renewed there including we as think of TMG a value high we've by and the but and some are have multiple to e-sports, to events that growth XX:XX taken opportunities. have clients. years for over our operations a partner opportunities see are entertainment, Looking vertical, we ahead, Our sectors, across strategic business name already many and the we global activity healthcare activity steps attractive one the believe the business live We business positioned TMG, goes the in presence online

the We are and combine of power able to storytelling. creativity narrative

and evident going forward. the range broad strategic accountability, sectors. to brands position brands with them are we a of the data can help clients across to These results alerts well and and helping growth and audiences, of benefits steps delivered With us digital in greater strong By with better economy. succeed precision understand our and technology engage for in

evaluate continue such through approach experience, accelerate growth new and integrated for solutions as technologies new carefully our capabilities to areas We to businesses. existing looking a grow TMG harness We are in targeted their growth innovative growth are build M&A and for that technology. to scalable these significant to commerce how as there strategy and on believe XX:XX opportunities clients

second capabilities and momentum the to serve a begin continue our new for tone the business our well business year. strong business new we we platform as will and continues clients expand our innovating results fiscal and positive be on remains standpoint our quarter, net better All the focus in, a positioned of We to active. solid the head operating to strong in brands. pipeline We the the of and position from delivering are and into global

such, forward fiscal this two of progress. for continuing in As creation as to We to XX:XX all strong remarks shareholders. twenty update morning. see year we all of my look concludes twenty our a year prepared value you This our

open questions. for let's the your now So call

Operator

live. from the [Operator Instructions] Jeff floor XX:XX questions. is is first coming open your for line Certainly. is question [Indiscernible] The and now Jeff, Partners. Ladies gentlemen,

Unidentified Analyst

questions. I have Bob. Great. Great quick just quarter two XX:XX Congratulations.

Is starting First, or campaigns clients that to is the effect the story? story? than from is this of the this more a recovery Covid we more with

Robert Machinist

substantially question. over for were aim a I story well really, Thanks we our the headed you know, had company COVID. Jeff. morning, sets lot of we Good it next year. up X:XX your as penalized We And where think has the – by

and So, of new our programs. the or growing business on a as our book events five coming in That that interestingly, to recovery of portion significant is it's about six a is turned gets lot of previously period. COVID thought the during was months. the last created current from business But pickup of

going are to that twenty historic are from saw new we that of have a like clients significant digital but get the in recovery are be comfortable well clients, two. gaming it's that campaigns our to and continuing So, significant fiscal we into balance for we the only going we particularly not

Unidentified Analyst

can year? question on client the me quick like second some give A Fantastic. and mix you pipeline XX:XX looks remaining two again, twenty what the the color twenty

Robert Machinist

on are or to so. to number most clients we we pipeline this the has continue I that expect continue of pipeline advantage importantly, quarter. to to advantage year much a it our recurring is that can digital X:XX But comment going are in the having next – of of who we implementing their is into And well believe strong quarter a rebrand technologies winter. of either there programs only The the the decided first pipeline as and some continue for during or really have key we're second take some to the programs

of – through a two. expect business continue it's twenty fiscal think we So this we I broad but range can twenty to business,

and pre-pandemic business COVID, experiencing be We line. better expect our in we control able levels we our were that reducing a the – the expenses to stronger much to of advantage to that'll operating to we're as now and costs force recover think to as during getting operating reposition able well bottom is pre-COVID will

Unidentified Analyst

Bob, work. XX:XX up Great. the Well right, quarter again, Great Keep congratulations. good great. All answers.

Robert Machinist

we Thank you. these your XX:XX to much you look you very to forward support, and quarters Thank for unfold. talking as

Unidentified Analyst

XX:XX Thank you.

Operator

Josh, And Josh is live. coming is Securities. you. Revere your Thank next the from XX:XX from question Shipley line

Josh Shipley

guys. XX:XX Hi, morning good

net recording in you question on twenty profit a two. going be twenty to guys have Just if are

Robert Machinist

XX:XX I our believe twenty profit certainly that in you Another two. question, trend we line much, direction. in are towards can't recording fiscal tell twenty that great but We leads how operating

on see can reduction terms You EBITDA of our our in from losses. from material basis and numbers our

Josh Shipley

or you And great. point potential activity? on That's any XX:XX M&A and follow-up just can touch merger

Robert Machinist

twenty when consideration A nineteen IPO, to make activities. for of we that our year. effective public was to know available we maximize our or our had April was of a I mix going M&A think you As which April sure rationale this did significant XX:XX

and delivering we which the of have we of during thing first significant technology clients, in very and expect the we was digital was technology to to who brought did which our fiscal year crypto period. operating labs additional team strong family in we're acquisition space, we added now our would was occur redeem, that NFT then transactions the material to a The Troika some

Josh Shipley

appreciate it. Great, Really XX:XX guys.

Robert Machinist

Thank you. XX:XX

Operator

And from live. XX:XX from coming Partners. is question the next McNamara John, line your Thank is Emerald John you.

John McNamara

you of engaging Can what the the about and XX:XX global that quarter. tell taking brands seeing you the opportunities of side us are nice the question acquisition Good team Thanks having business? developing NFT side success business you're with bit for your little morning. on specifically with the a the of for on

Robert Machinist

year Thanks XX:XX really that exist developing your you're a business ago. really when didn't again and a for question

major our answer answer NFT the winded of You proposed doing yes. some entertainment play clients. It, range NFTs or sports in broad a can get we very Clearly of is, very space, and experiences. significant are long a programs interesting The a a number role.

be We to six expect next have continue the constituencies. to to announcements clients I to will to shareholders for able and series to reach months technology use to understanding our that how able a of advantage this take think be appropriate we're to of enhance over three their

So our continue IPO, and exciting and spring for I'm foods of excited NFT broad a it late off after significant started couple of we with the client. will program have an completed we in to months undertaking about for range [Indiscernible] we

John McNamara

Okay. back in that. to get Thanks XX:XX question. Thanks I'll next answering queue.

Robert Machinist

XX:XX John. Thanks,

Operator

next [Operator Dmitry, line your Shapiro Target And is the question live. Thank Capital. from you. from Instructions] is coming Dmitry XX:XX

Dmitry Shapiro

follow-up well? you so continue And to XX:XX quarter. wanted Do the do to Congratulations what question. drive future you growth just Jeff's this quarters initiatives the a Yes. specific think Hi. if will as on growth? on expect into great strong I

Robert Machinist

Dmitry. you Thank XX:XX

the summer both the the we as their happened seven this when are questions now. fifteen There of developed we have only any as not into quarterback we whom sectors multiple they range in with fall When two we that June added in are relationships. in on digital place clients selected figure to whom branding reason I one think of in for programs, I traditional taking as featuring of arena. had growth see for this, our through XX:XX campaign just points starting I have may the And with for which have as think, the you abatement turned digital was I initial long as that the companies New late adjust that points client esports we've that this forthcoming gaming back well arena, broad end footprint seen as address York no Jeff's State our simultaneously, all engagements answered substantially as very time, our year – during a gaming. debris, for those of

So, client points drive of expect we growth flight us. back significant a amount for really to

to time. Over no a the that abate to this expect growth ensuing we during reason see quarters and

Dmitry Shapiro

also your it. the had And Thank I What of a you you. broader Got would competition from you XX:XX in kind apart say question. space?

Robert Machinist

delivering In particularly in the nearly attractive our as to is So, technology that of XX:XX XX:XX we and being unified terms of is digital solutions. starting provider cost now these competitive media of are and as agency I marketplace. Said a which of very far agencies solutions. there as and structure in is responsive big We to be quality, approach aren't high quite client opportunity we're that branding terms based very and demonstrate have firms reflective a there that had space. sports think both well way think particularly and that boutique many needs broad technology can't in we've as the base digital an a relationships, where more structured long-term strategic

Dmitry Shapiro

it. great Got Congratulations so quarter Thank you XX:XX a on much. again.

Robert Machinist

very you of company. being And supporting really our you appreciate Thank the much. are XX:XX shareholder

Operator

Machinist Thank any There now queue to XX:XX call you. in hand like Bob closing back for the would I other remarks. were to this at no time. questions

Robert Machinist

today. XX:XX as interest base shareholder year. you consider our more taking go strategy for and for up call interesting I friend as and to in Media – marketplace keeping I aggressive you will as be that as believe the time results in in participate this reporting to we Troika will forward well community our on what the thank to our to we and help look your forward want brand acquisition substantially our date we our

you, reporting quarter. forward to look thank So, and again, on next

Operator

This XX:XX conclude Ladies you, Thank and does gentlemen, conference. today's

day. and for a You may your disconnect your Thank time this lines have wonderful at participation. you

Troika Media (TRKA) 15 Nov 212022 Q1 Earnings call transcript