MAM Software Group, Inc. (NASDAQ:MAMS) Q2 2019 Earnings Conference Call Transcript

Feb 12, 2019 • 09:00 am ET


MAM Software Group, Inc. (NASDAQ:MAMS) Q2 2019 Earnings Conference Call Transcript


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Good day and welcome to the MAM Software Second Quarter 2019 Earnings Call. Today's call is being recorded. And at this time, I'd like to turn the conference over to James Carbonara. Please go ahead, sir.

James Carbonara

Thank you. Good morning, and welcome once again to MAM Software's Fiscal Year 2019 Second Quarter Earnings Call. With me on the call are Michael Jamieson, President and Chief Executive Officer; and Brian Callahan, MAM Software's Executive Vice President and Chief Financial Officer. I would like to begin the call by reading the safe harbor statement. All statements made on this call, with the exception of historical facts, may be considered forward-looking statements within the section -- within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can make no assurances that such expectations will prove to have been correct. Actual results may differ considerably from the Company's expectations, due to changes in operating performance and other technical and economic factors. During the course of this meeting and any question and answer period afterwards, representatives of the Company may make forward-looking statements regarding future events or the future financial performance of the Company, including statements about future events based on current expectations, potential product development efforts, near and long-term objectives, potential new business strategies, organization changes, changing markets, future business performance, and outlook. Such statements are predictions only and actual events and results may differ materially from those made in any forward-looking statements due to a number of risks and uncertainties. Actual results and trends may differ materially from historical events or those projected in any such forward-looking statements, depending on a variety of factors.

For a discussion of such risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see Risk Factors in the Company's reports on Forms 10-K and 10-Q, as well as other reports that the Company files from time-to-time with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to update publicly any forward-looking statements for any reason, except as required by law, even as new information becomes available or other events occur in the future.

Now, I will turn the call over to Michael Jamieson, President and Chief Executive Officer of MAM Software Group. Mike, please proceed.

Michael G. Jamieson

Thank you, James. Good morning and thank you for joining us for this earnings call. The achievements of our VAST Online team were again a highlight of our operational performance in the second quarter of fiscal year 2019. We completed the second phase of the pilot with Goodyear with the installation of two additional corporate-owned retail locations in the month of December. As with the first location, customer feedback has been encouraging with users citing the intuitiveness and ease of use of the software. As