MICS - Earnings call 2 2021 | Algorhythm Holdings, Inc.

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Operator

Good day, everyone, and welcome to today's signing -- sorry, Singing Machine second quarter earnings call. [Operator Instructions] Please note this call is being recorded. [Operator Instructions] It is now my pleasure to turn today's program over to Brendan Hopkins.

Brendan Hopkins

Hi. Good afternoon, everyone, and thank you for taking the time to join us.

safe we'll quick to a have harbor, get and it. We the the historical that this to XXXX. of information Act for Litigation statements Private are harbor Securities the contained pursuant statements Except of forward-looking herein, in Reform provisions are conference made safe call

our materially involve statements from cause forecasted unknown in future uncertainties, which risks results. Forward-looking results and periods and may known actual to differ

The call said, over turn to Singing I'd Machine CEO Atkinson, that Company. With the of like Gary to

Gary Atkinson

detail of want Gary this is on with to This of Global I'm everybody. Lionel our afternoon, Good Brendan. the do in Machine. Melo, time also I you, of afternoon CEO have taking Marquis, and Sales Bernardo Singing me thank to everybody more Atkinson. as the second the Marketing. and Thank the status quarter. for afternoon, VP company's I listen CFO; give we this

For this We for those released and the in second were seen, very being one track. sales the year-to-date able strong line And very, be expenses. as things to our to we grow those quarter happy couple of contributed came during a a successful morning, expanding the this pleased to was were back this numbers out that Machine. We're top a X-month bottom haven't and on well line as XX-Q. successful were great We Obviously, in different reducing Singing also were quarter period. quarter. in first margin areas, our all quarter of

And update into to turning Bernardo, call to us to give the be over going going to quarter over going financials. us turn give that, we're going Lionel, deeper the to sales. an call after the to on dive who's who's second a I'm

turn I'll it Lionel. that, with over you, to So

Lionel Marquis

-- to earnings highlights some here, strong $XX.XXX million XX Okay. million. to the by Thanks, second I I'd million were sales actually We $XX.XXX quarter, a $X.X versus and afternoon, to Net year-to-date. the of for we right report at versus were $XX.XXX for the quarter million quarter. had we would like like up again, now. $XX.XX up million Good everybody. Gary. up get Year-to-date,

million $X.X So pickup.

product to $X Thank And goods you hurt Karaoke $X.X year, not damaged increases. approximately our recall, quarter-to-date that also, or year-to-date you recall very that don't much. million we a Carpool contributed we and of. $X.X had almost by those or million Walmart repeat if $X.X incident The may million performance sales million and last have with a

that same for So as meeting quarter the year-to-date. terms well helped last sales us in year our as at of

Internet when million For by goods year from as demand looking compared is do -- business with didn't strong the category. quarter, minimal the last at X with last JCPenney for you're And that in to were year-to-date, and Karaoke no $X.X Carpool business we JCPenney our any those at year. or product offset damaged year, increase about this

-- from $X.X that So JCPenney. and with little million or with damaged business goods no offset and business was no with Carpool

Karaoke damaged Carpool $XX.X also primarily million a million to there. was increase. No due not goods the the that increase the and the Gross to and damaged million profit And incident, It's versus $XXX,XXX. million. $X increase increase a Karaoke, $X.X million. approximately only rest pickup contributed in $XX Year-to-date, in situation no about -- $XX.X pickup million, million Same gross Carpool versus for gross sales profit goods of was related profit that to reason the $XXX,XXX a $XXX,XXX for but $X.XXX $X.X increase of margin, margin million margin. that. $X.XXX another in there, was sales

And our higher-margin versus XX% normal yield to product. carries of point Carpool rest XX% also difference Karaoke, of with pickup. so was due contribution profit point margin. that margin Carpool percentage had a in increase in lot or lot significantly which that, to to profit in Karaoke of margin margin profit mix the gross of do margin. versus products the the X.X again, XX.X%, was sold Year-to-date, gross a the Our XX.X% than a pickup and X.X gross had Most the a

the We do From for we're had you $XXX,XXX. million administrative to bought from had JCPenney -- some year, business didn't special this so cost was expenses, and accounts didn't $X.XXX a $X.XXX talking million we $XXX,XXX of goods. [ out-of-pocket ], And at year, we it's there last we change $X.XXX recall, with receivable may JCPenney pocket need We a repeat insurance that. general $XXX,XXX. Since about (sic) need versus approximately million damaged -- didn't some damage decrease. had we to of

So things to we home. on the and traveled shows, not -- close we been get on saved top that participating a those X that quite fact to in we've canceled, and entertainment of obviously, staying travel due bit shows

$X.X savings and versus $XXX,XXX. insurance savings on down $XXX,XXX million. was same substantial the of General $XXX,XXX and -- the damage million year-to-date. by out-of-pocket $X.X travel reasons, and thing JCPenney, It's We're of Same administrative for entertainment.

a going quarter-to-date. as last that the decrease, same And $X.X for the on $XXX,XXX product, the $X.X was $XXX,XXX, in current Carpool year, because less spent It's reasons offset marketing of versus royalties rollout in in quite by less Karaoke. the million year prior million year -- versus which for was year, bit marketing, it the about and has $X.X Karaoke about about $X.X difference. Carpool We taken in we the the year-to-date $XXX,XXX the the it expenses, so same lot current $XXX,XXX a up the had reason million Selling this substantially for million, year. difference, off

a versus year, a operations, X.X $XXX,XXX -- that's Year-to-date, million year-to-date, quarter. almost million last $X.X That's last pickup. versus about $X.X $X.X $X.X increase. from and a million a loss Income $XXX,XXX million

a the a insurance our of that company. damaged Other of last had to income, income all we recovery there's has issues line from of goods with lot you'll notice had It the other below We year. operations. do

We of pickup $XXX,XXX a the the of about manufacturing from caused one that also damage. had

recovery So quarter $XXX,XXX we million approximately $X.X year-to-date. in almost picked up this and

of because expenses has with little year. we and another interest had interest up Bank to note, lose our more take a us PNC in gone costing deal this financing route, did Other

It's year-to-date, difference about So and -- additional $XX,XXX there's costs. about amortization interest quarter-to-date. financing $XXX,XXX a on finance deferred

of million last $X.X year, income, a $XXX,XXX loss quarter-to-date $XXX,XXX That's year-to-date of net a And last $X.XXX million. income. Net versus it's million of $X.X versus $X.XXX year. million pickup

note. We're up we $X.X pretty very And Karaoke. to in report and demand We're Karaoke. at one demand heavy experiencing Karaoke half inventory. of end to the item excess Just more strong. of in year, was the of ended -- for inventory. strong happy We're about million very, that been million the probably for the We're happy $X extraordinarily or that Carpool report has

the in just last currently at And give to the an we we $X.X of -- in year of million. year the this versus had you or $XX.X prior year, inventory inventory, at inventory million approximately versus had September, example, this end point, in

is So the a $X million inventory decrease inventory. sale, that it we and about going due had. that away demand lot that's in of the excess to a of excess Not but the all is

let salesperson Thanks. some of pretty what's my year light we'll going end on in And report. about what's and the market talk inventory this. that's is to driving we should up on So the after done, everything the and

Gary Atkinson

Great on Lionel. numbers. report you, Appreciate Thank that. the

now it to what Bernardo, stories we're bit talk the we've point, we're through us seeing this about going at market quarter in the a and who So of some we to our turn that peak the give season. seen right as enter over will holiday second little success

Bernardo. to over it So I'll turn you,

Bernardo Melo

Yes. Thanks, go a Gary. the some over I'll that some of this of year. calls numbers covered throughout of the numbers Yes, -- the I've few

little that some we're sell-through numbers of we're now So on I'll bit getting into good well focus more set the season. and a

be really years, were I'll And up have Amazon. the sales And Us the -- the been from for We starting off on that out thought they things ones from would that, the slow most this the with to year, closing "R" of we benefit but doing. taken Amazon. or some some that we've would that start of Toys pick they

this online Prime would gave through with a Prime So I on X to had They the day an discussing through casted. type Day on it, page. with their QVC we about we it, And go and Karaoke the for want Day X We the product deal, on in the for first almost taker that, Amazon than they thought location into a to interaction had they year. that online video excellent we success It's that bought Carpool performed the less Day. hours. people take pieces us sold also numbers. those focus in Prime promoted product. and And which XX,XXX

more one it so got the a We management excited So from successful Cyber a -- to of Amazon as products of into promo going Monday. people they're did branded that lot the same the bought non-Amazon team And online. now upper run about that. it, just product and they were lot during compliments well of

please lookout for So that. the on be

time already similar And inventory be to they've Cyber we'll has line for the program see on yet but You'll another announced, that. have bought Monday. the into

really So excited. we're

know, increase you is just year. from So year-to-date XXX% sell-through already let the to last

Singing on getting hitting be, thought we we but because So behind Karaoke products really excited number also and only people good. Machine few the the our would are Machine what brand, click residual on not effects we're are years Singing then to that is back all Carpool brand it has with Amazon way on well that a was that of our that our and the

million Just forecast. above that to $X week give in and from you close this an and received to order we example, Amazon, beyond was

some numbers. of little But of So inventory that demand. a lack them shipping I to bit because struggling those due everything we are a we are those have of to available lot of because just fulfill exceeding orders they're we to the mean

walmart.com. thing with experienced Same we

you and omnichannel. As are guys walmart.com complete Walmart now know,

the sooner. we weekend is that numbers. they with November the putting started it also our this dot-com. of all week deal November or of X. week about doing X the X of And we week Walmart And X the we some we store did part different beginning one on And Thanksgiving, tiers rolled lot see year So fee -- Black the out out a Black incredible already, Friday instead Walmart promos Friday, were program. on of

numbers at from also, And from XXX% our it has store that seeing buying people increase note, picking walmart.com it last or to of product we're and year-to-date. year, a stores. the put lot shipping Interesting up

to doing in system our the that that it is right store people they or sort of going So we picking the up out are stores, have longer lot of have. burden Walmart the warehouses. of of of the A stuff no carry because dropship at

really So positive that's been for us.

So we the on walmart.com. see there success to continue

but conservative, pieces Machine. XX,XXX than beginning have year. one there continued. on ordered During that going they that would just the And at they our team less be to from because they the with was with they conversations mistake comments probably see thought product. they year, buying And Singing the them, the admitted of the they that the in-line should not were to the demand go continue next was success make has they Obviously, of

So focus good. year. that on next still the they're for fixing going But to numbers are

Sam's to Club. over right Going

continued We products all And a our before, summer did this summer, with this so our of X. we up X double year success far. on item to even only there. And were year, sell-throughs program about our year. are Sam's sales with I main we XX% were Club. in our products Last our Like seeing to continued through mentioned

as be also Club on not been buy number has not on but They into most They're doing high-end is, the -- of carrying the did Costco we'll steady, Costco completely they're items. That carries well product. one Pedestal. So Sam's as clean the X.

to be understood. that's So

we the Costco's was doing where they're sales product at with drop all. not last retail, the in exceeding there. and seen year, number a have Pedestal. well $XXX the And They're $XXX,

seen As a has though matter that fact, higher. in even of increase the an been we've point sales price

they're a talked really XXXX satisfied going. And well about -- already true with that for because what well given product we are we've self-commitments because how before. as it's they've So that WiFi bodes

still numbers XXX%. Dropship over are up see. me Let

So that's been going well.

in business and is direct-to-consumer up website, by had mostly is triggered Carpool on triggered Karaoke. SMC Our XXX%, promote business Machine been videos that some our margins us. up, full Carpool for Karaoke. TikTok and go which the by and over And influencers items has Singing mainly do that's We've on right

our great. end-of-life to year. haven't at been also had that Like Karaoke, Even Lionel by business. mentioned had triggered we before, to have inventory margins Carpool haven't the margin. product, much able to out close They've We're such our close we sell a business been full we've in good but pretty position this been

contributed. So that's

event increase the in saw margin XX%. So Walmart XX%, quarter, out almost when could to you even net that you the be about annual margin. Actually, up for an item,

said, us So to items. any bodes for had well that particular out because, close we like I haven't

still in Australia. that slow. We're been has doing well And has International really business grown.

know, guys has Europe you been shutdown. As in

of So some on down the that's the slowed the international, for picked us. thankfully, up has has side. U.S. European -- business But that

you And business, to did business do we a lastly, JCPenney. pay the difference goods. We do had with that they where that this for mentioned business upfront was was didn't only Lionel, with it JCPenney The prepaid year.

out. for doing do shipped but goods So of business some it year's fraction did with just to they a They prepay we before we was, are business what were JCPenney. was last to manage the the -- still had

Gary if over him. hand cover to But with said, being I'm missed and it, anything, back I'll that sure will I it

Gary Atkinson

right, All be I much. so have us. of Great. I time, questions am has chance any if so you to Great a answer we Bernardo, for want questions anybody Good numbers. Great. report. thank mindful -- to

on in heavily promoted Friday I This touch retailer this you year. the Obviously, at every seen pandemic. But Friday. Machine right, on wanted obviously, circumstances, just would recent unusual almost to with have single also year, Singing years, quickly is Black major Black

of event. that such sort little participate, We huge the lot a Black running a promotion with So obviously of the from retailers bit annual event. early. making started backpedaled in have did Walmart They away a Friday

weeks. sell-through been the has X for exceeding strong, now And that running expectations. very very, been they've So

going a with back the just bit come digitally. promotions, from likely little But to year, Black Friday that this retailers, we've doing of most pulled other sales traditional knowing the are

heavily just that circulars point reason out Friday wanted Machine and anybody the was why. I promoted. seeing So Singing not is That the in case Black at to looking

time want make I sure So with said, we that questions. to being have for

So we'll over turn it to guys. you

Operator

our Nickerson SMDM. will [Operator take first question Eric Instructions] from [ And we ] with

Unknown Analyst

or I'm All ago pretty we're I know. SMDM, everything ago moment -- from we're selling you much a from of that's said shipping coming Yes, you the one right. in -- Bernardo we as not said moment factories. think a that that

you wondering, used So to haven't supplied? airfreight I'm any everybody keep

Bernardo Melo

margins, are have over But go some we don't most for aggressive for part, early products make sense of demands that year. also back in, did No, And we right, it's that been pull on last we -- on to We work coming Yes. products in had inventory a fortunately, don't in those X, we little were airfreight, year size. we this with not the our are from because we seeing do huge -- due carried acute did week were And some go that obviously. usually just able which have we do. and And X, for we all to December, to triggers. November, fulfillment. ordering that week we use

best exceeded our as we In catch demand the what possible. has all But cases, some expected. just airfreight. tried up So the we've far no to much even on as

Unknown Analyst

Yes.

Okay. That's do margin you airfreight, kills know. It if good. I your

overseas have talking a The thing, because I little you said other Europe of pandemic, think I and about mostly Is that you're sales England. presume been that slow. right? the

Bernardo Melo

Yes, that's in Great correct. also Britain. And

decided They called decided also offering a customer just on drove And we going year. major just distributor. -- it have lot to to to of with not a Smyths when for the I was pass directly a to the last mean year that this Toys, that our came could sales. this factory which they compete We year business prices go

caused that. So that

market think just -- mean, pandemic, Amazon of combination we things on you flooding if I those business just microphones, then sort a the combination business. product there a we approach on And those Chinese took distributed the money of contributed. couldn't of the the have I also, made But I the with pass the yes, that just --

Unknown Analyst

I looking ask the themselves. spring here to up and and were What Okay. buy of to things recall that, at people if about the at pandemic because because I entertain wanted a business that picked Yes. last home

of it there was you Europe, in that a had might more if demand extra over this didn't just So hadn't competition have, situation the occur from...

Bernardo Melo

our ended they yes. this number's the -- because going walking Yes, went customer to big them That away from profitable Because is and was yes, distributor. lower year, his up exactly. mostly not business. a Smyths do it because our And factory. big Yes, it just directly U.K. he to be the to was for

Unknown Analyst

one information remember wondering, speaking said case? this that I mic mics don't same have was feature that that we better also just there an that nobody extra other get advantage unique. the makes and going particular I a with that still about to it's we I correct, for still we the does? change? I'm higher if And with won't to while only with If away you in we Do that of mics kind that are Are anymore? And Okay. do competitors and come mic. the Brendan right, charging is have else so does the prices more. situation have probably the looking have have And the thing features that up back that

Bernardo Melo

there's branded the for deal Carpool with official Well, a one, CBS mic. have things. Karaoke Number we licensing X

Corden, And of mic. consumers so a it's they know James feel show, when and lot the show the official buy mic, they like know this

So advantage we a that competitive have. that's

been been it's in car but product. car. this that is sit with has the And proprietary The other you so that thing your that's to that a radio unique not the mic could works feature

have that that competitors there Asia in are heard after technology. We coming

some for Karaoke the But to licensing still, the voice is do features, year we have including add effects, deal there. we're we minor what changes. Carpool going exclusive for #X, to So additional design are going

Unknown Analyst

to be would that none Is it? of stuff stay assume the of that is and of to correct here try stay it this just It's just patentable? ahead gains. something we Okay. And kind game

Bernardo Melo

correct. Yes,

Operator

[Operator Alvarado will [ Instructions] ]. question We take from Jonathan our next

Unknown Analyst

Nice create inventory? quarter. are to Have been new chain all there any your you able issues? Or supply

Bernardo Melo

issues. coming the No, no. out a delays delays There's due There's lot There's chain the lot a There's to definitely supply port. been issues at of pandemic. China. of of

that them to the X:XX get can't let's picked be port. goods up, today have we in Sometimes at are morning, they and the say, up scheduled

have the which for So wait then X orders week. to have we to change they means days, following

from But tell have November have Everyone's boat. to everyone week We They penalty. worked a weeks. with that all not is X thing any amazing. you would year -- everyone announced X this the retailers going port. just diverted without change issue in they the Christmas to because they surprisingly Walmart been one having The are I is same to orders that goes way got delay challenges the the had usually by with through vessel Tacoma. chargebacks

been out to sent we've in ago to aware, we the same -- us and a everybody hey, all the boat. So was, memo all we're is sending about month retailers, a response out the

still been is there's changing everybody scrambling. happy been there flexible extremely on some to vendors. all And orders report has have issues, and if that I'm delays. they retailers have And So worked but with yes, with us

Lionel Marquis

in. And are director few the weeks the issues a they definitely catching I Both I catching I are last Yes. some substantial coming base there, Gary up, late the touched back, Thank but up. and did. mean our you. week. containers is warehouse with port according had they to and

a appears hoped. point what coming in they're or might had X cases. up, some week on this anyway, based and It have it's is So we coming. catching be stuff But at certainly, lost the to in we

Unknown Analyst

sales? Great. are steady? Microphone drop-off Is Or any there they Karaoke Carpool in

Bernardo Melo

They're steady. they're No, steady.

sold X,XXX the at Just be pieces used less to XXX. XXs in last it we than Amazon, where and week,

and numbers. just steady. out were going sold they're additional no, bought inventory the yes, seen Everybody we through So again. nicer we February, has have in all some already that We to we thought way

a number. number. it's So slight not a I mean significant It's

into the yes, was -- lot because brick-and-mortar and what it a to numbers lost. some success the continue back mean, I And for seeing the is move are bring and steady. we're online placement just location we're of So brick-and-mortar of XXXX hoping that

most back is looking brick-and-mortars. bring ], So rightsized now XXXX it but to [ has of success we're in and to it then been get which fine, online

Unknown Analyst

are products there the And works? any new in

Bernardo Melo

We works. yes. some products definitely the Yes, in new have

a We capitalize was trying That are to that. product. WiFi a of line the And on success. designing we're

working products. We a -- have been on we are yes, few

assortment this we so have -- should of summer products nice of launched for a to fall or And be XXXX.

Operator

question next ]. from [Operator Grotko Instructions] We'll take Zachary our [

Unknown Analyst

look question look sales how to Do at one quarter? you it lot? forward My it definitely doesn't be, going Do this think it stagnant? you helped you Or on it was basis, do that immensely? they affected? at question. home, of is much you Do you Or at not going it's as helps if kind think you COVID a -- how Or just go-forward do that? my let's kind a say, of think is being you helping

Bernardo Melo

Yes. good question. And that's a

-- music go But good We March, since department. cycle to that good for we're that there's that a a now are above often really and COVID. demand regular -- the those so seeing increase And that Since push. beyond have seeing there's every every that through within the we're also holiday COVID so the getting a season, during numbers about through spring/summer. numbers, we and we seen effect started different some goes holiday couple

in games have we few that instruments. like means years, spike steady are like a karaoke, and not that. video wave much that a seeing So every And musical that we musical And parents are seeing instruments usually effect but spike. learning down. the start and as into leaves promoting go instruments just residual And up things a maybe which

both, the the of yes. here pandemic but in States, combination has believe definitely United the demand out helped I So it's a

Operator

Hirschman question Jason will we next ]. our take And from [

Unknown Analyst

you doing to on the you're maybe Carpool could to covered I'm marketing -- missed since some minutes relationships so the sorry, that and great call, it build What really is on few of building your doing sustain you give and these Mic of on capitalize this more TikTok I some the hopefully some you're are of effective. Great apologize promoters if bit brand the of your if you I some Karaoke hoping already. of some a quarter, I so first detail aspects of sort other guys. business? that And and little was out

Bernardo Melo

Lionel good on Yes. just has we it that are a That's the shown because it a expense. were question. done And on some I of gone has mean And a of geniuses numbers to we've any marketing shift anything. cut I that budgetary total trying or a us marketing down. wasn't was mean expenses. it reason

that, And influencers what was leading out and mania like Carpool the the on born charge the of really that. things was TikTok and Karaoke on

Chris we TikTok reached expensive. have now a lot gentleman team of a And product. marketing and they've been it's lot out a who He receptive. the of to named and So have and on Pacheco influencers runs his not

the pages. engaged -- and grad -- mean hire $XXX, cost on marketing our like services substantially. their are could and marketing. our We $XXX. service increased. our for us recent sure the we've in on for make a on they'll of at -- Facebook a page I is on grads that, smaller fraction And engagement we've Instagram, TikTok call posts. see and give They'll go in it's recent been that reversion, seen grow also the which users TikTok And the you obtain it's for looked And

this that. could improves improve, in Once cash seen our model and we've reinvest that we if our sales work. now So

it's larger key on out that we'll we're Right we reach us. influencers out I and to some scale. a have with worked out, working now, us help think just for

Unknown Analyst

let reaching out international, are are you these Bernardo, kind I maybe also U.K. And some whether as markets, build to to Are guess, some whatever, me TikTok? mostly like seeing trend mostly influence? it's U.S.-based? also Or they or just and in -- of influencers, one other this try you in or follow-up.

Bernardo Melo

a programs in in on they unfortunately, Right it They true here the there influences. the as and that in Copenhagen same. similar the In Instagram we'll it's and been some mostly U.S. our other well. presence a streaming good were to we're But have with of once worked doing have U.K. it's really Yes, true to if Australia, great question. see seeing have But think I we now, working out hasn't then reaching and what's do the start U.S., regions well. in some distributor

is in the our like has distributor, But this been that. marketing and savvy past, influencers with things U.K. team very also --

have of the here So eventually. we U.S., that model but sure internationally unfortunately, success in we seen same most could I'm the that use

Operator

Eric will we And take ]. question final from our [ Nickerson

Unknown Analyst

into I'll Finance has right, out took loan been taken I'm question. you I guys forgiven how swing. much spring. tell you remember said one about was Yes. PPP you last take more me can If If And and yet? a right income that, it it?

Lionel Marquis

The it's answer to that books. is still on the It was $XXX,XXX.

who and we should companies our took of and The report report expenses way expect to rules simple terms We have that to forgiven. it who be less the just government banks it million, right submit supposed our forgiveness. thing be how the been documents $X changing as it spent, and proof, to ours they want in the in and banks to -- want to was on like be the on. get pretty keeps now, -- the spent it submit than we it But Smaller there's things a but a they to have delay.

everything. they know why They taken we're think and the not get rules up keep been have forgiven. off fact, books on supposed I how it. will The question don't I morning submit it's yet. because this stuff they the It's it to changing the in And But do to have patience. the said I'm to yes, the bank. that asked I -- expectation is

expecting another of a be government-run to this the it is that But So fiscal before year. pickup end I'm program.

have I things these patience, take sometimes guess. you So got to --

Unknown Analyst

country. understand fraud they're I around looking the for

may what's be down. slowing So that it

that cash So be next time, sheet, any forgiven That but anyway, some not then. yet. just if Am would have effect then -- on it's I gets year income if the right? balance it doesn't

Lionel Marquis

X/XX, could in up was of I'd I X/XX, the care fiscal the this we year. year year. so sheet to Well, mean that cleaned mean, fiscal of since I'm before is of. them balance -- thing on that the this I by get all report taken fiscal our hopeful like end

So I would think...

Unknown Analyst

fully be income if it's -- when would it's right, taxable That then, forgiven forgiven?

Lionel Marquis

the is yes. that to Yes, answer

Operator

for no back at And program remarks. over questions time. presenters or further I we additional to the closing this turn will have our any

Gary Atkinson

afternoon about I move February all is may for great. to third this our to again, thank our you. have with awake Well, everybody. right. these come want Take the with we when calls quarter since with We out everybody look all to Thank forward actually All afternoon so to earnings. questions, that's this Okay. the talk great to we quarter, in taking us you everybody quarter time second care. talking earnings. And

Operator

This you participation. does today's program. for conclude Thank your

any at disconnect may You time.

Algorhythm (RIME) 16 Nov 202021 Q2 Earnings call transcript