Arco Platform Ltd (NASDAQ:ARCE) Q2 2023 Earnings Conference Call August 31, 2023 5:00 PM ET

Company Participants

Roberto Otero - CFO

Ari de Sá Cavalcante Neto - Founder, CEO & Director

Conference Call Participants

Mauricio Cepeda - Credit Suisse

Operator

Good afternoon, everyone. Thank you for standing by, and welcome to Arco Platform Second Quarter 2023 Earnings Call. This event is being recorded and all participants will be in a listen-only mode during the company's presentation. [Operator Instructions] This event is also being broadcast live via webcast and may be accessed through Arco's website at investor.arcoplatform.com, where the presentation is also available.

Now I will turn the conference over to Roberto Otero, Arco's CFO. Otero, you may begin your presentation.

Roberto Otero

Thank you. I'm pleased to welcome you to Arco's second quarter 2023 conference call. With me on the call today, we have Arco's CEO, Ari de Sá Cavalcante Neto. During today's presentation, we'll make forward-looking statements generally relate to future events or future financial or operating performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those contemplated by these forward-looking statements.

Forward-looking statements in this presentation include, but are not limited to, statements related to our business and financial performance, our expectations and guidance for future periods or expectations regarding strategic product initiatives and the related benefits and our expectations regarding the market. These risks include those set forth in the documents that we issued earlier today as well as those more fully described in our filings with the Securities and Exchange Commission. The forward-looking statements in this presentation are based on the information available to us as of the date hereof. You should not rely on them as predictions of future events, as we disclaim any obligation to update any forward-looking statements except as required by law.

In addition, management may reference non-IFRS financial measures on this call. The non-IFRS financial measures are not intended to be considered in isolation or as a substitute for results prepared in accordance with IFRS. We have provided a reconciliation of these non-IFRS financial measures to the most directly comparable IFRS financial measure in our press release.

Please note that except for revenue, gross margin, selling expense, G&A and cash flow from operations, all other financial measures we discussed here are non-IFRS, and growth rates are compared to the prior year's comparable period unless otherwise stated. We also note that year-over-year comparisons are affected by acquisitions not included in our 2022 financials.