ITOX - Earnings call 2 2023

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Operator

Welcome, everybody, to the IIOT-OXYS, Inc. 2023 Second Quarter Financial Filing of the Form 10-Q, the discussion today with Cliff Emmons, CEO and acting CTO of IIOT-OXYS; and Karen McNemar, Chief Operating Officer and Acting CFO of the company, is traded on the OTC under the ticker symbol ITOX.

Before we get this call started, please listen to the following safe harbor statements. This call may contain forward-looking statements that reflects management's current views about future events and financial performance.

Forward-looking statements often contains words such as expects, anticipates intends, or believes. in finance are may a events affect cause materially those statements and of to the forward-looking and customers, the held to processes, their or risks failure from that obtain by their statements. Risks that limitation, in their others, products uncertainties actual are to projected of company and company's Securities include, subject could new filings a number to their risks patent contracts, differ Exchange their inability uncertainties uncertainties and without most to of The that Commission. forward-looking loss adversely other major with the their patents results and business and inability discussed infringement the recent this the to I'd as on new result acting the and Emmons, as made forward-looking information, their stated, to and call, a events statements date that, the CTO. this undertakes statements, or call of is like no CEO company obligation the of welcome He Cliff future forward-looking to update made only show, are as of whether The otherwise. With Cliff, your thoughts comments congratulations here your continued and with today. and opening listeners shareholders and please XXXX, on success in the share momentum

Clifford Emmons

with pleased Stuart. We're date as in XXXX in results Thanks, very our our to reported XX-Q. recent

half XXXX. of and throughout we XXX%, year was a revenue period increase an we significant in achieved first of Our XXXX same sustained revenue XXXX, improvement over in the momentum the

as the fuel funding in to achieved of is momentum this half efforts. long XXXX and continue expect first adequate marketing sales remainder We of will XXXX as the through secured

XXXX and this confidence the our will beyond following and through on revenue continue X-month strong Our are based factors. momentum

of for and of We with monitoring overall Contract Monitoring been Structural the the expansion DOT June. the contractor vertical favorable. Monitoring, our second XXXX continue expansions through The revenue believe extensions current with Bridge our half our approved momentum. beyond main to is revenue previously to Health DOT continue current our SHM have will and Our foundation discussions

Northeast that current well mid-XXXX. state our all well contribute municipalities U.S. also state other other potential Also, current as Northeast states revenue in prospects the X future to second bode is in in our of half there We as local DOT for business our DOTs, and in believe to with for into DOT XXXX contracts state XXXX.

is our that contract Our and our in and SaaS as test. was POC, additional strengthen the videos May Products as extrusion contracts, metal SaaS Manufacturing promotional smart stamping, to in Smart and resulted to are plastic other also would our in begun expected and well automated Proof-of-Concept, these vertical contribute second more Public these XXXX. assembly half discrete It's customer, has benefiting injection CNC processes POCs June POCs successfully endorsements plastic manufacturing believe Precision promotional to and lead endorsements will of will other for XXXX additional revenue beyond. and molding, as which secure featuring manufacturing and the of concluded videos forthcoming from signed XXXX Metal a progress Software-as-a-Service, endorsements in have Inc. We position such

for strength continue we strategic which continues bring development supplemental Aingura The force to of to Our a partnership value of software, ensures equipment expertise multiplier be our to and our partnership provides IIoT customers. us.

of some previously develop to partnerships. continue also We our other announced

half this finishing great of momentum XXXX second the pointing towards all So with is results.

Stuart Smith

comments Cliff. you, listeners your share opening our congratulations, Thank Karen, with Very and today. good. please likewise,

Karen McNemar

our our Stuart expenses And overview jump and and for then you, operational right into like date. a I'd Thank Great. results. to Cliff, just great thanks, to

to to half we XXXX, decrease continue of able through to to have be minimize first we in So with expenses, we continue always we to been that the expenses. reported our funding, our what monthly XXXX. Similarly continue and to responsible we work our do operational and

of year in half where overall first little this expenses. operating we or year down the XX% $XXX,XXX are a were fact, over last from In

put important support perspective, get via funding. From been we funding get dilution. note. from GHS this additional need this which reviewed to means is a very to We shareholder our continued to of Obviously, no may a operations able to as positive, haven't -- be this since year, as February

also company sales revenues However, compensation and for marketing result in this we not efforts. and receiving no the funds need personal funds of beyond myself since company. Lack to On of funding then a run level, CEO, the significantly resulted has limited the mid-April. has

we preferred stay of extremely the it's reporting filings, current fully As to sales to is company. on company. We've ensure stay our QX, to SEC to able shares some a critical which the of been secure important

Stuart Smith

right, much thank so your you for comments. Karen, All opening

section. going we're the Q&A Cliff, to move into Now

Stuart Smith

first And for OXYS they're latest or In acquirer? on PR, considering acquire merge companies states does Cliff. a is suitable pursuing management this What the have offer potential question to with you, to OXYS?

Clifford Emmons

on Thanks, Stuart. elements to the foundational discussed valuation that and of mergers it attractive The It answer an valuation. our is with shareholders previous we've target calls, interested in acquisitions. this and make to question a simple is companies OXYS' topic

years, opinion, than up market current cap the valuation far which, from of the is X significant elements, we've greater past the Over company. these built in my

Customers of give business are the Here of are core those some value. repeat company's first, valuable customers of you specifics in verticals. the element: that the X repeat

CEO customer been monitoring I before with ago. since became years has health X structural us Our

the us X in them year. we're earned Our of for major projects discussions with contracts, work project a XXXX current and fiscal expansion has extension

and us. services SaaS They videos for since customer, Products, Proof coming Precision Metal that contract now smart January. publicly And Concept will new of promotional completed distribution in the products Our us has They with in with them several weeks. in and us. are currently be POC, a with work been manufacturing they're with highlighted endorsed produced being our details of our a

data both X the company software software customers, the and platform industrial learning the machine of versions In providing. that and understand and to for our Structural visualization past AI customers present. allow deployed OXYS, our Manufacturing We've Smart IIoT for Health like a insights case, are both features years each our the our is algorithms SaaS has X over the of of Second, lifeblood Things Internet software company. past

Artificial Third, oil new not of we Manufacturing and Structural than and new or and and These the to algorithms. strategy strategies learn intellectual our lots bolster of or to applications data, are This valuable Learning, algorithms. new we've their more to Intelligence than Learning is related IT data. it, are Artificial X data have they to Machine And OXYS. years and well-kept and crown goal years data Smart employed Health more and valuation our of is which of secrets, file of the can therefore, other the about jewels plan And an least to of the products property companies and date. services extremely company. Intelligence continue era research is Machine is of I we customers. Last X the typically, algorithms, trade patent But

the is attract So strong will line strong bottom valuation partners.

Stuart Smith

Very good. Thank Cliff. you that for

question. some Karen, here's regarding provide X-K secured Can first recent the note? senior on the your company's details you

Karen McNemar

absolutely. Yes,

as that initially maturity our was date So we a extended reminder, and senior secured on recently $XXX,XXX, written note. note the for

that to the effect we to reminder, we with balance shareholders. something our debt As that's on always And need a consider. reducing always everyone,

But to sure also note, maturity protecting that we So we it to to this wanted allows when that we're were sure we on wanted make shareholders. extending reducing noteholders convert the the make debt. therefore,

converting this and incentives there for eliminating So are debt. fully

able clauses them protect were we help to by the However, balance to including shareholders. retail

Stuart Smith

how trends, business Very I an and in with interested Service-as-a-Software, you update right. which leveraging Karen. Cliff, craze earlier. for good. new details share getting question is All that which here. on Thank SaaS for you the in is the out Please and you Cliff. another pointed have Shareholders AI us, some are company

Clifford Emmons

of A and learning investor benefit data from business. an translating bootstrapped to good machine the technology is behavior, we is our is and work free artificial current our in that time. The continue done or are models that our effective significant marketing we to ChatGPT made sales intelligence are customers we've key benefit we've There and real use techniques the is The and series recent machine customers into subject we news collateral new secure real in excellent with and to our Structural highlight fueling companies type both because Monitoring large X learning Manufacturing. We've analyze our of verticals: products traditional Smart language Absolutely, Structural to that interest LLMs to time website is key this Stuart. Monitoring to, like our baseline hallucinations, create and AI from Health services. will believe for no doubt is to excellent to Health of material made trend. efforts and recent changes

and product easily system, are to YouTube Monitoring video links services videos our Bridge promotional including online, accessed now channel. on Our

translating promotional how agreed video we we're our our more customer website. will endorse our now Our are PMP. continue has recordings publicly also Metal us Smart is, news with execute into now Manufacturing year recently big before, short cases services and follow which more as comprehensive earlier partner, the Products, and and I also on-site as created to SaaS will we POC, completed this from that completed But services. We highlighted mentioned successful be on products our key in to use contract videos, several this and Precision

into leveraging engagements fourth all in with be the Massachusetts of we're sales world Florida, trip quarter, confident quarter lead fourth additional IIOT sales this the we along Coast effort continuing with month from the of past a our the to way beginning engagement I'll into XXXX. new information speaking East Finally, prospect road and Combining business. from effort will September this to gathered other

Stuart Smith

you their question working were Darbie. with Cliff. Karen, have any voiced Thank so shareholder with Does them? right. concerns you. with much they final that a concerns that company A the working All has for for J.H.

Karen McNemar

you. Thank

comments to So on I this one. wanted make there's X that

this involved. conducted for as that to us. for Darbie all, as a we first J.H. GHS, when wants So have see broker-dealer such SEC we does investor, the that

Darbie its since been and renewal GHS expired. before agreement agreement had with previous that we've a of Two, engaged just the was recent

we lastly, shareholders' And concern. appreciate do our

and confident feel should SEC have knowing attorney everyone agreement. very we we ensures thorough have equitable fair However, that that a

Stuart Smith

to I'll since And the closing open good. up open with I comments of for up the floor the now last first. final each very Well, your call from want you, for was question you. comments Karen,

Karen McNemar

Okay.

details, our funding. out additional in to current wasn't overall So confident and reminder XX-Q we'll our My responsible this for shareholders the be information especially covered that shareholders, continue quarterly call. can latest that filings with fiscally to our SEC potential feel check

SEC to reached For any to our discuss for the at We questions. lastly, the call. merger send reference, you our for can And transparent shareholders sec.gov the be our I want to and investments continue shareholders with to acquisitions. Stuart, that have shareholders and and you, through out the want IIOT-OXYS, to search filings and thank filings that potential find Inc. Thank our

to Thank open you. always are We from referrals shareholders. our suggestions or

Stuart Smith

Thank from you, final Cliff, Karen. any comments you?

Clifford Emmons

our a X their global potential for $XX.X in opportunities the in size also growth. to business and due key XXXX, industries strength of with Yes. XXXX and a and was industry will of by $XXX.X CAGR Industry was $X Manufacturing, And billion have known believe the as will billion We industry high success reach and The reach Health billion XXXX $X X.X Smart monitoring it world's by with in XXXX CAGR XX.X%. Structural billion XX.X%.

do many among we some tailwinds, However, headwinds. have our

Sensor efforts performing Manufacturing. we Health vertical in and to Aretas First, with better resources or verticals, have our IAQ quality indoor redirect Smart our the and air decided to those discontinue Structural Monitoring Networks

and filings. second headwind, But our SEC partners. potential is explained, pay to secured Furthermore, lead and the raising investor we're we discussed, we the acquisition as have our from additional funds. for funding merger considering difficulty options recent such a The Karen exploring which as

efforts. of to revenue we in total overall continue Revenue the QX will momentum up, than period XXXX XXXX of XXXX. for be of XXXX second through reduced So revenue and XXXX, available and things for less marketing sales will that quarter due that to anticipate exceed that funds in same sum may the

our shareholders However, technological will to and to appreciate collected, today. excellence we listen the AI listen experienced today. our this learning you cases talent believe to and and are that we developed we've truly our use shareholders investors algorithms time operational -- leadership combined and data the time taking given and the valuable that algorithms broadcast real-world our machine and to we savvy for achievable. Thank time data developed appreciate your compelling from and investors broadcast this marketing collateral these goals And are we've are our today, with taking

Stuart Smith

today. Form IIOT-OXYS. under and Karen, for call you, listeners second ITOX. investors you, the this Once to traded Thank OTC symbol XXXX investor Thank Cliff, good. for participation and again, and the the conference all Very your filed ticker thank you on covering XX-Q for the quarter

IIOT-OXYS (ITOX) 29 Aug 232023 Q2 Earnings call transcript