PaySign, Inc. (NASDAQ:PAYS) Q1 2022 Earnings Conference Call May 11, 2022 5:00 PM ET
Company Participants
Mark Newcomer - Chief Executive Officer
Jeff Baker - Chief Financial Officer
Conference Call Participants
Gary Prestopino - Barrington
Operator
Hello, and welcome to the PaySign First Quarter 2022 Earnings Conference Call. As a reminder this conference is being recorded. This presentation may include comments that may be deemed to be forward-looking statements under federal securities laws and the company intends that such forward-looking statements be subject to the safe harbor created thereby. All statements other than statements of fact included in this release are forward-looking statements. Such forward-looking statements include among others that our unrestricted cash, anticipated revenues and profits will be sufficient to sustain operations for the next 12 months; that the expected total revenue, gross profit margins, operating expenses, depreciation and amortization, stock-based compensation, adjusted EBITDA, plasma revenues and pharma revenues for 2022 meet our expectations; that the company will continue to post year-over-year improvements; that the company's growth prospects in plasma, pharma and other prepaid business materialize; and that the company will continue to be affected by COVID-19-related to labor shortages.
We caution that these statements are qualified under important risks, uncertainties and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. Such factors include among others, the inability to continue our current growth rate in future periods; that a downturn in the economy including as a result of COVID-19 and variants as well as further government stimulus measures could reduce our customer base and demand for our products and services, which could have an adverse effect on our business, financial condition, profitability and cash flows; operating in a highly regulated environment, failure by us for business partners to comply with applicable laws and regulations, changes in the laws regulations, credit card association rules or other industry standards affecting our business; that a data security breach could dispose us to liability and protracted and costly litigation and other risk factors set forth in our Form 10-K for the year ended December 31, 2021.
Except to the extent required by federal securities laws, the company undertakes no obligation to publicly update or revise any statements made today, whether as a result of new information, future events or otherwise. This presentation also includes adjusted EBITDA, a non-GAAP financial measure that is neither prepared in accordance with nor an alternative to financial measures prepared in accordance based on any standardized methodology prescribed by GAAP and is not necessarily comparable to similarly titled measures presented by other companies.