Cardlytics, Inc. (NASDAQ:CDLX) Q4 2023 Earnings Conference Call March 14, 2024 5:00 PM ET

Corporate Participants

Nick Lynton - Chief, Legal and Privacy Officer

Karim Temsamani - Chief Executive Officer

Alexis DeSieno - Chief Financial Officer

Conference Call Participants

Kyle Peterson - Needham

Jacob Stephan - Lake Street Capital Markets

Jason Kreyer - Craig-Hallum

Operator

Good day and thank you for standing by. Welcome to Cardlytics Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions] Please note that today's conference is being recorded.

I will now hand the conference over to your speaker host, Nick Lynton, Chief, Legal and Privacy Officer. Please go ahead.

Nick Lynton

Good evening and welcome to the Cardlytics fourth quarter and full year 2023 financial results call.

Before we begin, let me remind everyone that today's discussion will contain forward-looking statements based on our current assumptions, expectations, and beliefs, including expectations regarding our future financial performance and results, including for the first quarter of 2024 and various product initiatives and improvements.

For a discussion of the specific risk factors that could cause our actual results to differ materially from today's discussion, please refer to the risk factors section of the company's 10-K for the year ended December 31, 2023, which has been filed with the SEC.

Also during this call, we will discuss non-GAAP measures of our performance. GAAP financial reconciliations and supplemental financial information are provided in the press release issued today in the 8-K that has been filed with the SEC. Today's call is available via webcast and a replay will be available for one week.

You can find the information I have just described in the Investor Relations section of the Cardlytics website. Please note that a supplemental presentation to our fourth quarter and full year results has also been posted on our Investor Relations website.

Joining us on the call today is Cardlytics CEO, Karim Temsamani, and CFO, Alexis DeSieno. Following their prepared remarks, we'll open the call to your questions.

With that said, let me turn the call over to Karim.

Karim Temsamani

Thank you, Nick. Good evening, and thank you for joining our Q4 2023 earnings call.

I would first like to reflect on 2023 as a whole.

We started the year in a difficult position financially, with the SRS dispute presenting a significant challenge for the company. I'm glad we not only resolved the SRS dispute, but also finished the year with positive annual adjusted EBITDA of $3.8 million. This is the first time since 2019 that we ended the year with positive adjusted EBITDA.