Earnings Labs

Intelligent Protection Management Corp. (IPM)

Q3 2015 Earnings Call· Tue, Nov 17, 2015

$1.82

+5.20%

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Transcript

Operator

Operator

Good day, and welcome to the Snap Interactive Third Quarter 2015 Earnings Conference Call. Today’s conference is being recorded. At this time, I would like to turn the conference over to Todd Fromer of KCSA Strategic Communications. Please go ahead, sir.

Todd Fromer

Management

Thank you. Good morning, and welcome to the Snap Interactive third quarter 2015 earnings and business update call. Again, my name is Todd Fromer, and I am with KCSA Strategic Communications, Investor Relations Counsel to Snap Interactive. Earlier today, we issued a presentation to accompany this call. The presentation can be accessed on the company’s IR Web site at snapinteractive.com under the Presentations & Events page. I’d like to inform everyone in attendance that certain statements made during today’s conference call that are not statements of historical fact, including those concerning future plans, objectives, goals, strategies or performance, are forward-looking statements. These statements reflect the company’s good faith beliefs and judgments based on currently available information only as of the date of this conference call. These statements are subjects to risks, uncertainties and other factors that could cause our actual results to differ materially from our current expectations. These factors include those described in the Risks Factors section of the company’s periodic reports that are filed with the Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance and we expressly disclaim any obligation to update earlier statements as a result of new information, except as required by law. Certain non-GAAP measures may be discussed during the course of the call, including adjusted EBITDA and bookings. Adjusted EBITDA and bookings have been calculated consistent with the manner in which they are defined in our period reports filed with the Securities and Exchange Commission. Each of these measures has been reconciled with the nearest applicable GAAP measure in our earnings release and presentation materials, which are available on our Web site at snapinteractive.com. Representing the company today is Alex Harrington, Chief Executive Officer. Let me quickly outline the agenda for today’s call. Alex will be providing some introductory remarks and a brief review of SNAP’s third quarter results; then providing an overview of the company’s business plan and strategic vision. After that, we will open the call to questions. Now, with nothing further, Alex, the floor is yours.

Alex Harrington

Management

Thanks, Todd, and thank you all for joining us today on the call. If you’re following along in the investor deck or the earnings deck that we posted on our Web site, I’ll be queuing you on page turns. And with that, why don’t we turn to Page 4. Let me start by introducing myself as I’m new to the role of CEO at SNAP. Prior to joining SNAP about just over 20 months ago, I’ve had several roles growing and operating entrepreneurial digital businesses in the dating industry and at the media industry. Some highlights include; I was the CEO of a venture backed mobile dating pioneer called MeetMoi that was sold in 2003 to Match.com. Prior to that, I served as SVP of Strategy and Operations at the Zagat Survey, the restaurant travel guide company, where I led the team in revamping the digital business leading to an ultimate sale to Google. In a past life, I was an investment banker focusing on mergers and acquisitions and went to Wharton for business school. So with that out of the way, let’s talk about the quarter and let’s move on to Page 5. Today on this call, I would like to review some highlights of the present quarter but more importantly, I want to share the longer term strategy for the company that I think is still exciting and I think presents a great opportunity to realize value for shareholders. We’ll touch on this in the next slide and go deeper in the second half of the presentation. Let’s turn to Slide 6. So in September we announced a strategic review during which we evaluated what we believe to be the best ways to maximize the value of the SNAP enterprise. There were a few key outcomes. First, I…

Operator

Operator

[Operator Instructions].

Operator

Operator

And it appears there are no questions at this time. I will turn the call back over to Alex Harrington, Chief Executive Officer, for any additional or closing remarks.

Alex Harrington

Management

Well, thanks everyone for participating in today’s conference call. If you have further questions, feel free to reach out to me or to KCSA. We thank you for your interest and support and look forward to continuing to update you on our progress in the future. With that, we can conclude. Thank you.

Operator

Operator

This does conclude today’s conference. We thank you for your participation. You may now disconnect.