and now you today. almost thank I all Ehud. you, year. for have us been for OTI a with Welcome Thank joining half
with First, profitable of the of employees and company the capable a we into seen business. I’ve a significant time, OTI are quality, professionalism and turning I growing the that potential high. believe are And very For enthusiasm
are in based superior market. and Second, technology are OTI’s technically our to on unique the product others
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to maintaining new to been our past want is critical I few company sales ongoing to I customers the to them. in discuss sales with with my back and level. first believe profitability working strategy. and to up and bring that potential an and a management our our customers marketing In long-term growing months, new relationship the I’ve growth next strategy team on the
level an sales We have increasingly put our and managers sales level marketing a expert, to with executive an be focus ours, our is near key goal had employee in team, top top located another employees, we two The sales restructured U.S. and before. for of we customers. place have the physically solution market replacing and important general
cover North in in the who in region. Western based all which European executive person, part Europe, third based our are key the of America. We a Dallas them be hiring of recruited process will of the office, we covering UK, a will In
with Africa in a great region already and have In Russia us. office. addition, executive a are beyond another South for to local where we have strongly presence of a North established covering CIS Africa, the cover In region we we Africa, countries, focus established
in our all customers, discussed, existing customers. is also but our presales, of strategy better for as element servicing not Another just I
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major Asian especially time, gained in and all, used solutions and with growth with regions in certified of bank North are goal we Japan. revenue a certification and coming partners Visa, major Amex, are focus already card covering the Western companies strong All Our Russia adding customers. to credit in Mastercard having millions be recently America, on year, in the many all focus including our our worldwide, additional is the Europe, all to
first Our show us already the results growing initial of million. our for with revenues $X.X XX% success quarter fruits to
enabled of these we level feel go. over us loss by our I reduce only long However, the and adjusted to have to and quarter strategy, our million. half are EBITDA revenue $X.X decreased This higher early the to for successes way our net of a loss
financials Assaf will cover shortly. the
look the closer impact significant pandemic quarter, you Taking as at a all activities on including everyone, of has a coronavirus us. the know, the
a workforce South In priority. that Poland, the to we United operate. OTI steps terms everywhere in and taken and of its Africa, places Israel, logistics, protect States, the employees environment health I and work of as has safety top its OTI note
of limited remotely. and the possible, work-from-home workers to the creating to implemented distances presence was only R&D By provided our February, globally. and facility environments office end international all took new travel at technical physical eliminated that whose our those essential. to steps We the where service infrastructure We work social we employees allowed implement and by
as same and well offices, sanitization time, areas. meetings. we and of at Furthermore, ensure much we This cleaning conferencing as utilizing possible. meeting, public includes our as the support and business At we minimized customers have remote meetings face-to-face as video ongoing development are
to shifted also activities. We virtual marketing
from the pandemic. on will impact revenue forward, we see of Moving two type
in a delivery, extended. is time as become procurement period the component components shutdown lead the coronavirus first The product longer where occurs is shortage and
The second the business – type is the side. time second on
expect As we in foreseeable predicted to mass and for down, this we continue transit slowed the since March, activity future. Poland
Despite the has through challenges have business is pandemic these us, everyone, quarter on it been to the particularly results our results. what manage effect in at including continuity. demonstrated have working Yet, predict all the changing maintaining immediate-term will hard logistical created that successful in our second challenge, we and environment the for
our not In cashless physical but we discuss cash cashless I payment key Looking out the strong only space, or solution only phone. when for payment and by the very positioned transmission cards is virus market, contact where market feel vector current a well credit environment people hot are solutions, the a in has own consumer little interest. generated payment or are between card payment we between cashless and further, his
This solution is and all an we solution pre-certified one completed. are very months products customers. our significantly consistently. installation a for current The to adding is is is already major process as the cards, certification time the providers our with existing already our technically This advanced, most attractive shortened step secondary it are and And not credit to major of only problem. already many
Yet, forecast number We as business customers closing therefore, that relative weak grow. new the growing partners, remains potential product execution see a will due environment. of interest need to to deal they slow higher for our from the and
that their second the we I Before financials, to in additional want after the highlight our investors I announced completed belief existing for moving its to growth in $X.X we our the and strategy. of the investors, vote end of quarter, of and working potential and December term our raised company to on strategy. capital additional thank million want from the part XXXX an giving us our to the confidence fundraising in support long
and know many have with is been very of you making. pleased we that our meet did potential. OTI long I not very time, I’m with that investors, are progress summary, your In meet and a OTI the loyal expectations
to is growing ongoing profitability right visibility the shareholder I and goal returning believe we ultimately revenues of creating hope epidemic, While do short-term and on the value. are the and with the due back to path cloudy
live and engagement a session that today’s aim with investor new in we ahead, our step to direction. Looking is increase community questions-and-answer with first
Assaf results. the to like to Cohen, the provide over summary I’d our financial CFO, of to hand call the
Assaf, please go ahead.
