Ed Goodwin | SVP, IR |
Christopher Paucek | Co-Founder & CEO |
Paul Lalljie | Chief Financial Officer |
Bhavin Shah | Credit Suisse |
Ryan McDonald | Needham & Company |
Stephen Sheldon | William Blair |
Jeff Silber | BMO Capital Markets |
Jeff Meuler | Robert W. Baird & Co. |
George Tong | Goldman Sachs |
Ladies and gentlemen, thank you for standing by, and welcome to the 2U, Inc. 2019 Fourth Quarter and Full Year Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions].