Cardlytics, Inc. (NASDAQ:CDLX) Q2 2019 Earnings Conference Call - Final Transcript

Aug 08, 2019 • 08:30 am ET

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Cardlytics, Inc. (NASDAQ:CDLX) Q2 2019 Earnings Conference Call - Final Transcript

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Presentation
Executive
David Evans

in our business puts us in a solid position to deliver against our 2019 expectations. In addition, as we discussed on our last quarterly call, we continue to expect to experience the benefits of a fixed-cost business later this year and into 2020 with positive adjusted EBITDA in 2020.

Finally, before turning the call back over to Scott, you may have noticed that we filed a universal shelf registration statement on July 26th. We view filing a shelf as a natural step towards improving our financial flexibility. If used, we would expect that the most likely use of the shelf would be to strengthen our balance sheet and/or acquire or invest in complementary businesses, product services, technologies or other assets. Today no acquisition is imminent, although we regularly evaluate acquisition opportunities.

With that, I'll hand it back to Scott for his closing remarks before we open the call to your questions. Scott?

Executive
Scott Grimes

Thanks, David. Q2 was a very good quarter. We are excited about our business and believe it can continue its momentum into the future. Lynne and I are proud of our team's ability to deliver results. And we are focused on a strong finish to the rest of the year.

With that, I will open up the call to your questions.