Recent EVOL transcripts
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Keith Brody | VP, Marketing |
Matthew Stecker | Executive Chairman and CEO |
Mark Szynkowski | SVP, Finance |
Good evening. Thank you and welcome to Evolving Systems 2021 Second Quarter Results Conference Call.
As you may have seen our Form 10-Q was filed after market close today. And our press release was just issued. With us from management today will be Matthew Stecker, Evolving Systems' Chief Executive Officer and Executive Chairman. will well update our as activities underway. we quarter the business call, currently as XXXX update today's provide on an second investment On you on
with Systems' Q&A button. the of Thank the any the ask President, Additionally, questions available may portion Senior I you. you Szynkowski, will be Evolving Finance Mark Q&A is that us call. you and during by Vice pose have
be that making over to statements Matthew, like the Before company expectations, turn everyone will risks. current that the call on I projections are forward-looking to to based I'd and remind estimates subject
like statements actual Specifically encourage should At we company's news not filings, about expenses, to and And filed our publicly from to results factors time, Matthew. over our statements. this our taxes, I turn the Listeners growth reliance undue you and many on documents, these more differ materially SEC including about the now revenue to statements. Matthew future websites place There to forward-looking forward-looking. information company. cause the Stecker. strategy for could call are are releases, cash that review would
Thank you, Keith.
again positive make gain fact revenues that the we second stretch Happily hallmarked the would normal change the results and have came new new Evolving, the XX Over talk a with our a a of the habits post-pandemic in adjusted once adapting there's to today, is quarters Would normal, to impact normal of as we of storm pre-pandemic return pandemic? lockdowns? quarter doing in been of announce as a workplace How our resembling how preferences of of lot months, at and about result business? How would would weather something of been to the EBITDA. past normal? companies by our light ways significant able new we change our
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entertainment the of re-mixing focus opportunity. and more expert, effectively in networks Deloitte position bundles. offerings, themselves trends key advanced with almost position enormous services three, of firm, through And and wireless of thrive three Deloitte's needs experiences findings, XXXX. to list approach industry for converging monetize One, to example, every nuanced to entertainment at analysis new opportunities providers recently consistent published service For customers' center strategic for renewing through models. the new on highlights to front Deloitte's other biggest those and an consultancy customer taking future. service products, leading its the communications by repositioning Two, Evolving engagement.
and to real and both and with program so gamified and all one various enables points to best single profile by advanced this Evolution, ability they We second on gamified rewards. earn and our Evolution, program engagement to burn. At management, product Mark trends. retention, offers offers. for based solutions services on models. engagement directly business in measurement complex personalized provisioning performance orchestrates party software looking provide to multiple build now telcos at decisions using value which dashboards interface can packaged Mark? technologies learning, customer practice across on more journey mechanics Evolution customer latest enable - customer built to as products and Szynkowski management directly indicators. insight XXX our and know update manage and quarter impact various post-pandemic has effectively data communication marketing, How? telecom\s machine Using are they teams third It build It's three platform against Evolution, from powerful using channels that competitive not beyond to the the prices, a our with puts platform and marketing because campaigns integrate key plot customers a and journeys of sorry, been these confident an the note, and generally, Our the as loyalty loyalty across inbound niche catalog degree call customer and outbound XXXX customer multiple ringing. advantage their customer our time a putting of user provides more sources, is context-driven a as designed our providing address capture telecom's juncture customer a over intuitive customers platform, create service flexible this own specifically reporting phone is turn with I'll CFO, numbers. well products detailed advanced more and is
and to this joining thank you Thank for afternoon. everyone Matthew, you,
for XX, which the reported, other year-over-year a $XX.X on existing the XX% the our XX, revenues, increase projects the preference offset million million total million, XXXX XXXX. revenues mostly are profits, clients months second licensing, over revenues was or by a a months XXXX, comprise the an June Matthew XX, upgrade clients from increase XXXX same as the ago, an over and The six partially company's XXXX. comparable primarily ended XX, $X.X This revenue nature existing corresponding well. over with to aforementioned approximately to total quarter increase reduction period. million. comparable amortization June approximately in were X from in gains margins, were for As and related work decrease the reasons. including predominantly ended year ended three of which Services from request in X.X% of $X The ago. $XX.X related the Total work X.X% and new were June year-to-date client the services $XX.X an ended services those million was to the a XX.X% completion from the year-ago increase June companies' change revenues approximately in from was depreciation period These gross or perpetual year revenue period managed projects, June a quarter million was reoccurring for period from Service include year-to-date, XX, for or XXXX. as client projects neared for new revenues
those gross ended new gross profit in margins the six work June the XXXX, June gross was accounts excluding higher an revenue the XX, service The ended months to XX.X% which increase managed for six in of XX.X% primarily XX, reported XXXX. both margins our depreciation profit increase approximately from amortization we projects, For to margins margin. related and compared of as on months provide approximately
the million ended are to fees increased as from in $X.X and well for we the XX, primarily an expenses resource June total increases higher approximately ended by $X.X of professional professional million a million in expenses in French resource for development, restrictions in were a $X.X be a increase tax for $X.X less XXXX reported million adjusted and was increase and ended $X.X quarter in that for as in and ago. compensation to period. as offset credit million the the XXXX. operating future $X.X and the months income to than expenses refunded of global XXXX, $X.X XX, The for to costs June administrative were G&A a XX, items increases six ended internal in an Protection total compared six development, imposed in marketing as an million months compared work and such XXXX million and prior which EBITDA Program million $X.X And and product our the of XXXX. of during the the million XXXX. million of spent operating These for applied as decrease quarter months aforementioned operating same for resource June XX million costs for resource six Total profit our of in group, as XX, were three partially The XX, compared a The reported June of in These well XXXX. development future fees, inclusive years. and income total subsidiary, related June have $X in accounting if our and primarily the done general due the was increase of team, liabilities That the related increases of The to XXXX, our forgiveness EBITDA adjusted over expenses a loss not marketing operating $X.X size. million $X.X increase increases $X.X operating costs. million. June adjusted travel June foreign ended of sales research year Our ended ended product first months in and loan, to related XX, six costs the to will compared tax company to and months Paycheck cost of were equity operating reduction quarter by company costs the pandemic. was income XXXX ended the months staff in costs three income the June period $X.X related There year other net accounting EBITDA the to XX, the was
compared projects the compared to in Turning to was Working million, XXXX, end the period, compared $X.X billed accounts an sheet, an $X.X of XX, million post a Stecker increased collection look December primarily decrease June allowance project. of was to section. during and to related change million June to of increase contracts of XXXX. increase June million as XX, balance of $X.X revenue cash capital Matthew? our and December point, efforts December I'd million were XXXX. yearly XX, the million, large of the as of strong in $X.X XXXX, at XX, with The like million our receivables XX.X% as $X.X $X.X XX, XXXX. support early stages to as in questions increase significant of support start December million cash remind Unearned back June XX, XX, was the the billing to primarily and collection of increased a the $X.X doubtful as This $X.X you progress contract of million the at At for of accounts This some Matthew unbilled changes to that in XXXX, this to million, you're December to Q&A compared and now $X.X compared to of just welcome XX.X% related noted. work the we as the of XX, hand were total call $X.X XXXX, any to to XX, XXXX. XXXX. net as and the of related the as June was equivalents to to at $X.X On XXXX, of million XX,
Now. Thank you, Mark.
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you, it Matthew. Right have that now, appear questions. doesn't Thank we any
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There is one question.
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Okay, don't I have thank you, we any questions. think other Matthew.
Operator, have support. we're So thank your additional And developments end again and with and to to in will be the the questions, talk by everyone. gentlemen, Thanks, week. any you. feel means us ready communicating with look progress free we further contact to and if free, now for all mind, call. investors to forward to that you continued throughout ladies available Management you
everyone. Thanks
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