ShiftPixy, Inc. (NASDAQ:PIXY) Q3 2019 Earnings Conference Call - Final Transcript

Jul 22, 2019 • 08:30 am ET


ShiftPixy, Inc. (NASDAQ:PIXY) Q3 2019 Earnings Conference Call - Final Transcript


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Patrice H. Launay

Scott mentioned, we're [Indecipherable] inflection point for ShiftPixy, during which our growth should benefit from the activation of greater functionality of our platform. Even ahead of this, just halfway through our fiscal fourth quarter of 2019, which ends on August 31, it appears our growth has remain robust. Specifically, we've brought on board another 17 new clients since the end of May, which have added approximately 6,000 new worksite employees, generating roughly $29 million in additional annual revenue.

From a cash flow standpoint, we anticipate achieving break even towards the end of our first quarter of fiscal 2020, in other words by November. And once again, we believe the activation of user functionalities will significantly improve our operating and financial metrics. I think we are going to save some of our remarks around convertible debt activity and move on our newly announced share repurchase program for our Q&A session that Vance will now walk us through.

Once again, we've asked members of the investment community to send us their questions, which cover these topics. Vance?