SITO Mobile, Ltd. (NASDAQ:SITO) Q4 2018 Earnings Conference Call - Final Transcript

Mar 29, 2019 • 09:00 am ET


SITO Mobile, Ltd. (NASDAQ:SITO) Q4 2018 Earnings Conference Call - Final Transcript


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Greetings, and welcome to the SITO Mobile Fourth Quarter and Full Year 2018 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Rob Fink of Hayden IR. Thank you. Sir, you may begin.

Rob Fink

Thank you, operator. Hosting the call today are Tom Pallack, Chief Executive Officer; Bill Seagrave, Chief Operating Officer; and Terry Lynn, SITO's newly appointed Chief Financial Officer.

Before beginning, we would like to remind you that the information provided during this call may contain forward-looking statements relating to current expectations, estimates, forecasts and projections about future events that are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the company's plans, objectives and expectations for future operations and are based on management's current estimates and projections, future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, please see risk factors as described in SITO's -- SITO Mobile's annual report on Form 10-K and quarterly report on Form 10-Q that are filed with the SEC.

In addition, during the call, the company will present non-GAAP financial measures, such as EBITDA and adjusted EBITDA. Reconciliations to the most directly comparable GAAP measures and management's reasons for presenting such information is set forth in the press release that was issued earlier this morning. Because these measures are not calculated in accordance with US GAAP, they should be considered -- they should not be considered in isolation from the financial statements prepared in accordance with GAAP.

Before I turn the call over to management, I would like to remind everyone that a press release disclosing the company's financial results was issued today at approximately 8:00 a.m. Eastern Time. That press release can be accessed on the company's website,, under the News and Events link that's found on the Investor Relations tab.

With all that said, I'd now like to turn the call over to Tom Pallack. Tom, the call is yours.

Thomas J. Pallack

Thanks, Rob. 2018 was an important and necessary transition year for SITO. While the results we're reporting today do not reflect the full benefit of aggressive actions we took in 2018 and in the early part of 2019 to restructure and enhance our organization, we entered 2019 with a much stronger position to capitalize on the market -- significant market opportunity that we see in front of us.

Let me recap some of the key areas where we made progress over the past year. First, we strengthened our Board of Directors, five experienced advertising and marketing executives who bring an amazing track record of success to SITO. Please take your time at your leisure to look at our website and get that information. This group has decades of domain expertise relevant our