GTY Technology Holdings Inc. (NASDAQ:GTYH) Q2 2020 Earnings Conference Call - Final Transcript

Aug 07, 2020 • 08:30 am ET

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GTY Technology Holdings Inc. (NASDAQ:GTYH) Q2 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Ladies and gentlemen, thank you for standing by and welcome to the GTY Technology Holdings Inc. Q2 2020 Earnings Call. [Operator Instructions]

I would now like to hand the conference over to Mr. John Curran, CFO. Please go ahead.

Executive
John J. Curran

Thank you and good morning, everyone. I'm John Curran, GTY's CFO, and I'd like to welcome you to our second quarter earnings conference call for 2020. With me on today's call is TJ Parass, GTY's CEO. We'll be presenting to slides on today's call and encourage you to view the presentation found on our website at www.gtytechnology.com. The presentation is located on the Filings and Reports page under the Investor Relations section of our website. Please note that our earnings release and quarterly report on Form 10-Q are available on the GTY website at www.gtytechnology.com.

Both contain additional information about our financial results. Any forward-looking statements we made in the earnings release or any that we may make during this call are based upon information that we believe to be true as of today. Things often change, however, and actual results may differ materially from those projected or anticipated. Please refer to our cautionary statements in the earnings release under the heading, Forward-looking Statements. You should also refer to our SEC filings, including our most recent Form 10-K and our subsequent SEC filings for a list of risk factors applicable to GTY, including risks associated with COVID-19. As you'll hear in our comments today, the pandemic is impacting our business today and for an undetermined time into the future.

During the call, we may refer to non-GAAP financial measures if we believe they are useful to investors or if we believe it will help investors better understand our results or business trends. You can see a reconciliation of our non-GAAP financial measures to their nearest comparable GAAP financial measure in Exhibit two of the earnings release.

With that, I'll now turn the call over to TJ.

Executive
T. J. Parass

Good morning, and thank you all for joining us. We are incredibly proud of the hard work that our GTY team, leadership and Board have devoted during the past three months in adapting to both COVID and our customers' needs during these difficult times. Our team is geared up quickly to working from home, and I'm inspired by their dedication and continued drive to help governments modernize.

More than ever, governments are feeling the pressure to work to provide citizens with easy-to-use tools. GTY was formed with the intent of bringing the top cloud technologies to state and local governments with a focus on improving citizens' experience and creating a more streamlined back office. We offer five core product lines: our back-office solutions focus on providing value and efficiency in the areas of grant management, budgeting, planning, procurement and payment transactions; our front-office solutions which center our permits, permit discovery, and virtually all payment interactions focus on making the citizens' experience smooth and easy to use. Citizens are demanding modern ways to interact with their governments.