Akerna Corp (NASDAQ:KERN) Q4 2020 Earnings Conference Call - Final Transcript

Sep 24, 2020 • 08:30 am ET


Akerna Corp (NASDAQ:KERN) Q4 2020 Earnings Conference Call - Final Transcript


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Good morning, and welcome to Akerna's Fourth Quarter and Year-end June 30, 2020 Financial Results Conference Call. Today's call is being recorded. [Operator Instructions] At this time, I'd like to turn the conference over to Christa Naughton with Akerna for introductions and reading of the safe harbor statement. Please go ahead, Kristen.

Kristen Naughton

Thank you. And welcome to today's fourth quarter and year-end June 30, 2020 conference call. Representing the company today are Jessica Billingsley, CEO of Akerna, and John Fowle, CFO of Akerna. Both will be available for questions during the Q&A portion of today's call.

Before we begin our formal remarks, I'd like to remind everyone that, during this conference call, certain statements will be made that are forward-looking statements within the meaning of the Safe Harbor Provisions of the United States Private Securities Litigation Reform Act of 1995.

Words such as estimates, projected, expects, anticipates, forecasts, plans, intends, believes, seeks, may, will, should, future, propose, and variations of these words or similar expressions, or the negative versions of such words or expressions are intended to identify forward-looking statements.

These statements include, but are not limited to, statements regarding the future growth and prospects for Akerna and statements regarding expected future revenue recognition. These forward-looking statements are not guarantees of future performance, conditions or results, and involve several known and unknown risks, uncertainties, assumptions, and other important factors, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements, including risks related to changes in the cannabis market and risks related to the impact of the COVID-19 crisis. These risk factors are more fully discussed in Akerna's filings with the Securities and Exchange Commission.

Forward-looking statements speak only as of the date they are made. Akerna undertakes no obligations to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Now, I would like to turn the call over to Akerna's CEO, Jessica Billingsley, for a more in-depth discussion of the company's fourth quarter and year ended June 30, 2020. Jessica?

Jessica Billingsley

Thank you, Kristen. Good morning, everyone. Thank you for joining us. Welcome to our 2020 fiscal year-end conference call. As we enter the fall season, I want to review what we have accomplished this year, and provide a recap for those of you who may not have attended our prior earnings calls or maybe new to the Akerna story.

Throughout the first three quarters of our fiscal 2020, we maintained growing operational traction and made several big announcements, including the acquisitions of Ample Organics, Trellis and solo sciences. Collectively, these acquisitions are accelerating our revenue growth and vast market share gain across the industry. And I will touch on these integrations throughout the discussion.

We implemented a multitude of new platform technology enhancements, announced PAX Labs as our cornerstone client for Akerna Insights product, and strategically shifted our focus to client engagement.

Client product experience is at the forefront of our