ShiftPixy, Inc. (NASDAQ:PIXY) Q2 2019 Earnings Conference Call Transcript

Apr 15, 2019 • 09:00 am ET

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ShiftPixy, Inc. (NASDAQ:PIXY) Q2 2019 Earnings Conference Call Transcript

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Presentation
Operator
Operator

Greetings and welcome to the ShiftPixy Fiscal Second Quarter 2019 Financial Results Conference Call. All participants will be in a listen-only mode.

I'll now turn the call over to Vance Edelson with ICR. Please go ahead.

Executive
Vance Edelson

Thank you very much, and welcome everyone to this morning's call. I'm here with ShiftPixy's CEO, Scott Absher; and CFO, Patrice Launay. Before we begin, I want to remind everyone that today's call will contain several forward-looking statements, all of which are subject to risks and uncertainties, and the Company assumes no obligation to update or revise any forward-looking statements. These risks and uncertainties, some of which are described in today's press release and in the Company's SEC filings, could cause actual results to differ materially from those in the forward-looking statements.

On today's call, management will be referring to certain non-GAAP financial measures. These non-GAAP measures allow investors to analyze operating trends and compare results of operations in the current period to prior results based on the Company's fundamental performance. Also any comparisons made today to prior period results are based on a comparison to the same period in the prior year unless otherwise stated. Within the past hour, ShiftPixy released its financial results for the fiscal second quarter ended February 28, 2019. If you do not have a copy of the press release, please visit the Investor Relations section of the Company's website.

With that, it's my pleasure to turn the call over to Chief Executive Officer, Scott Absher.

Executive
Scott Absher

Thanks, Vance, and good morning, everyone. We are excited you can join us today to hear about our ongoing progress and our continued rapid growth. I would like to start by welcoming two new members of the ShiftPixy team. In February, we announced the hiring of Kirk Flagg as Chief Compliance Officer and Corporate Secretary. Kirk is an accomplished veteran of the employer services industry. He served as the COO of Kelly Staff Leasing and Vice President of Human Resources and Government Relations there, as well as the senior trial attorney in the Civil Rights Division of the US Department of Justice. Kirk brings a tremendous amount of experience, having spent more than 30 years in the public and private sectors.

Even more recently, Amy Wang joined us to become our Chief Marketing Officer. Amy most recently served as Co-Founder and CEO of Dawn Design Studios, where she helped businesses grow their brands, and was previously the Marketing Manager for the international skincare line of Sebamed. Amy has several years experience in brand management, market strategy and business development. So, Kirk and Amy, welcome to the ShiftPixy team. We are pleased to have you on board at this exciting time.

As I done in recent quarters, I want to begin with a quick background on ShiftPixy for investors who are new to the story. I'll then share the highlights of our second quarter results before turning it over to Patrice, who will walk us through the financials and operating metrics in greater detail. And