Earnings Labs

TON Strategy Co. (TONX)

Q4 2024 Earnings Call· Tue, Mar 25, 2025

$2.20

-2.88%

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Transcript

Operator

Operator

Good afternoon and welcome to the Full Year and Fourth Quarter 2024 Financial Results Conference Call for Verb Technology Company, Incorporated. At this time, all participants are in a listen-only mode. Please be advised, the call is being recorded at the Company’s request. On our call today is Rory J. Cutaia, Verb’s Founder, Chairman and CEO. Before we begin, I’d like to remind everyone that statements made during this conference call will include forward-looking statements under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties that can cause actual results to differ materially. Forward-looking statements speak only as of the date they are made, except as required by law, as the underlying facts and circumstances may change. Verb Technology Company disclaims any obligations to update these forward-looking statements, as well as those contained in the Company’s current and subsequent filings with the SEC. I would now like to turn the call over to Rory J. Cutaia, CEO. Rory?

Rory Cutaia

Management

Thank you moderator, and thanks to everyone for joining us today for our fourth quarter and full-year 2024 financial results and business update conference call. Well it sure feels good being back before you, speaking directly to you about our company, our business, our performance, and sharing our direct, transparent, honest thoughts and strategies for how we intend to drive shareholder value in this business now and into the future. So, I would like to begin with a brief discussion about our history and the challenging market conditions that influenced the formulation of the strategies, and we undertook to insulate ourselves from those conditions. I’m referring to insulating ourselves from those market conditions that became impediments to value creation in our former direct sales Software-as-a-Service line of business, as well as those market conditions, particularly capital markets conditions, that affected, and are affecting many, many small and micro-cap exchange-listed companies even today. Then I’d like to discuss the strategies that we employed and the changes we’ve made that underlie the impressive results we are now seeing in the business. I’ll also touch on the strategies we employed that resulted in what I’m proud to state is a well cash-infused, extremely healthy debt-free balance sheet and a super clean cap table, the combination of which provide the all-important foundation for the impressive revenue growth we are now enjoying. All right. Let’s jump in. Historically, we were an R&D driven technology business, built around a SaaS platform, with a customer base that was comprised of, for the most part, direct sales companies, or as they are sometimes referred to; multi-level marketing companies. When we entered the market with our interactive video-based sales software, we set out to become the dominant player in this sector. And we did, what we saw at that…

Operator

Operator

That does conclude today's teleconference. Thank you for your participation. You may disconnect your lines at this time. End of Q&A: