SPS Commerce, Inc. (NASDAQ:SPSC) Q2 2020 Earnings Conference Call - Final Transcript

Jul 30, 2020 • 04:30 pm ET


SPS Commerce, Inc. (NASDAQ:SPSC) Q2 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by, and welcome to the SPS Commerce Q2 2020 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions] I would now like to hand the conference over to your speaker for today, Irmina Blaszczyk. You may begin.

Irmina Blaszczyk

Thank you, Towanda. Good afternoon, everyone, and thank you for joining us on SPS Commerce second quarter 2020 conference call.

We will make certain statements and projections today, including with respect to our expected financial results, go-to-market strategy and efforts designed to increase our traction and penetration with retailers and other customers. These statements and projections are forward looking and involve a number of risks and uncertainties that could cause actual results to differ materially.

We note, in particular, that uncertainty regarding the impact of COVID-19 pandemic on our performance could cause actual results to differ materially from our projections. Please note that these forward-looking statements reflect our opinions only as of the date of this call, and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Please refer to our SEC filings, specifically our Form 10-K as well as our financial results press release we furnished via Form 8-K to the SEC earlier today for a more detailed description of risk factors that may affect our results. These documents are available at our website, spscommerce.com and at the SEC's website, sec.gov.

In addition, we are providing a historical data sheet for easy reference on our Investor Relations section of our website, spscommerce.com. During our call today, we will discuss adjusted EBITDA financial measures and non-GAAP earnings per share. In our press release and our filings with the SEC, each of which is posted on our website, you will find additional disclosures regarding these non-GAAP and adjusted EBITDA measures, including reconciliations of these measures with comparable GAAP measures.

And with that, I will turn the call over to Archie.

Archie Black

Thanks, Irmina, and welcome, everyone. Before I review our second quarter performance, I would like to address two important topics. First, I would like to reflect on the tragedy that took place two months ago in our hometown of Minneapolis, and the senseless murder of George Floyd, while in police custody. My sympathy and condolences are with George Floyd's family, friends and communities. My heart goes out to everyone that has been impacted and affected by the violent riots that followed this tragic event. It is time to stop turning a blind eye and ignoring the systemic issues that plague our society. I would like to thank all SPS Commerce employees for their commitment to be part of the solution as we all take action against racial bias, injustice and inequity.

SPS has always embraced diversity, but we recognize that more needs to be done, and we began with the following steps. During the past two months, I hosted discussions with employees and listened intently to their