Earnings Labs

Intelligent Protection Management Corp. (IPM)

Q2 2016 Earnings Call· Thu, Aug 11, 2016

$1.82

+5.20%

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Transcript

Operator

Operator

Good day and welcome to the Snap Interactive Second Quarter 2016 Earnings Conference Call. Today's conference is being recorded. At this time, I’d like to turn the conference over to Mr. Michael Pritchard, Company Counsel from Haynes and Boone. Please go ahead, sir. And sir you're live. Please go ahead. And Mr. Pritchard we're unable to hear you. Please check your mute function.

Alex Harrington

Management

Melissa can you hear me. This is Alex Harrington.

Operator

Operator

Yes I can hear you.

Alex Harrington

Management

Okay. We're going to kick off the body of the presentation we can circle back to the opening remarks for Safe Harbor once Michael Pritchard comes back online. So thank you all for joining us on today's call. I encourage you all to access the second quarter 2016 earnings call presentation, which is available www.snap-interactive.com. It's on the homepage if you scroll down to the left hand side. And I encourage you to go to the website follow along with the presentation. So first I'm going to review the strategic emphasis of the second quarter and then we will get into detail on the operating results. So right now this positive moment while attendees can get their hands on the presentation and please forward to page five. All right, so page five highlights the strategic focus of the quarter it's been a two pronged approach. On the financial side we've been exploring strategic alternatives to most advantageously refinance or retire the $3 million senior notes due in 2017. On the operational side we continue to execute on the plan of commercializing our 30 million user database, which is one of the largest in the industry and which we believe to be an untapped engine for growth. So tactically what that is meant is an intensive investigation of strategic alternative and I'll get into that a little further in a bit. As well as the execution of the next phase of our growth plan, which is to build a new product with a planned launch in Q4. We will get into greater detail on the financial results for the quarter, but the high level overview is that revenues largely held steady sequentially on lower marketing spend lead by higher reactivations of users in our database. We continue to cut expenses to…

Michael Pritchard

Management

Yes, Alex, I am. Thank you and I apologize to everyone in attendance today for the technical difficulties we experienced at the beginning of the call. As Alex said my name is Michael Prichard and I'm with Haynes and Boone outside counsel to Snap. I would like to inform everyone in attendance today that certain statements that were made during today’s conference call and in the presentation accompany in this call are not statements of historical fact, including those concerning future plans, objectives, goals, strategies or performance, those statements are forward-looking statements. These statements reflect the good faith beliefs and judgments of Snap and are based upon 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 actual results to differ materially from current expectations. These factors include those described in the risk factor section of Snap’s periodic reports that are filed with the Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance and Snap expressly disclaims any obligation to update earlier statement as a result of new information except as required by law. In addition certain non-GAAP measures were discussed during today's presentation including adjusted EBITDA, adjusted EBITDA have been calculated consisted with the manner in which it has been defined in Snap’s periodic reports that are filed with the Securities And Exchange Commission and it has been reconciled to the nearest applicable GAAP measure in Snap's earnings release, which is available under the press releases tab of the Investor Relations section of Snap's website snap-interactive.com. And with that I will turn the call over to the operator and Alex to take any questions.

Operator

Operator

Thank you. [Operator Instructions] And I show we have no questions at this time.

Alex Harrington

Management

Great. Thank you all for joining today's call. If there are any follow-up questions, you can feel free to email ir@snapinteractive.com . I look forward to keeping you all posted on our progress. Thanks again for your interest.

Operator

Operator

That does conclude our conference for today. Thank you for your participation.