Similarweb Ltd. (NYSE:SMWB) Q2 2022 Results Conference Call August 10, 2022 8:30 AM ET

Company Participants

R. J. Jones - Vice President Investor Relations

Or Offer - Chief Executive Officer

Jason Schwartz - Chief Financial Officer

Conference Call Participants

Ryan MacWilliams - Barclays

Jason Helfstein - Oppenheimer

Tyler Radke - Citi

Arjun Bhatia - William Blair

Noah Herman - JPMorgan

Brett Knoblauch - Cantor Fitzgerald

Patrick Walravens - JMP Securities

Operator

Greetings, and welcome to SimilarWeb Q2 Fiscal 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Mr. R. J. Jones, Vice President, Investor Relations. Please go ahead, sir.

R. J. Jones

Thank you, operator. Welcome, everyone, to our second quarter 2022 earnings conference call. During this call, we will make forward-looking statements related to our business. These statements may include the expected performance of our business and our future financial results, our strategy, the potential impact of the COVID-19 pandemic and its associated global economic uncertainty, our anticipated long-term growth and overall future prospects. These statements are subject to known and unknown risks, uncertainties and assumptions that could cause actual results to differ materially from those projected or implied during the call.

Again, actual results and the timing of certain events may differ materially from the projected results or the timing predicted or implied by such forward-looking statements. Further, reported results should not be considered as an indication of future performance. Please review our Form 20-F filed with the SEC on March 25, 2022, in particular, the section entitled Risk Factors therein. For a discussion of the factors that could cause our actual results to differ from the forward-looking statements.

Also note that the forward-looking statements made on this call are based on available information as of today's date, August 10, 2022. We undertake no obligation to update any forward-looking statements we make today, except as required by law. As a reminder, certain financial measures we used in presentation of results and on our call today are expressed on a non-GAAP basis. In particular, we referenced non-GAAP operating loss, which represents GAAP operating loss less share-based compensation, adjustments and payments related to business combinations, amortization of intangible assets and certain other nonrecurring items.

We use this and other non-GAAP financial measures internally to facilitate analysis of our financial and business trends and for internal planning and forecasting purposes. We believe these non-GAAP financial measures when taking collectively may be helpful to investors because they provide consistency and comparability with past financial performance by excluding certain items that may not be indicative of our business, results of operations or outlook.