mdf Commerce Inc Q2 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Unidentified Participant - Echelon Partners - Analyst : Good morning, Luc and Deborah. It's [Michael Zacarino] here on behalf of the Amr. Thank you for taking my questions. So excluding Periscope, your revenues are essentially flat over the last two quarters at 22 million, excuse me. Can you walk us through the dynamics in each of the divisions? What is stalling organic growth?

Question: Unidentified Participant - Echelon Partners - Analyst : Thank you. So on Periscope, you had mentioned that three states used the transaction fee solution. How should we think about the pace of converting the SaaS states to transaction? Is there an opportunity to do the same in Canada?

Question: Unidentified Participant - Echelon Partners - Analyst : Thank you. Can you give us a sense of what normalized OpEx looks like going forward? There are a couple of moving parts during the quarter with one-offs and only the one month contribution for Periscope as well should we be expecting more restructuring charges in the short-term?

Question: Unidentified Participant - Echelon Partners - Analyst : Okay, great. And can you list the full balance of deferred revenues for Periscope, and how many quarters to go through that, an estimate? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 11, 2021 / 1:30PM, MDF.TO - Q2 2022 mdf Commerce Inc Earnings Call

Question: Unidentified Participant - Echelon Partners - Analyst : OK, great. One last question and I'll pass the line. You had a large working capital [cost] in the quarter, what is that related to? And should we expect that to normalize going forward or does Periscope have larger working capital needs?