mdf Commerce Inc Q3 2023 Earnings Call Transcript - Thomson StreetEvents

mdf Commerce Inc Q3 2023 Earnings Call Transcript

mdf Commerce Inc Q3 2023 Earnings Call Transcript - Thomson StreetEvents
mdf Commerce Inc Q3 2023 Earnings Call Transcript
Published Feb 13, 2023
12 pages (7551 words) — Published Feb 13, 2023
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Abstract:

Edited Transcript of MDF.TO earnings conference call or presentation 13-Feb-23 7:00pm GMT

  
Brief Excerpt:

...Good afternoon, everyone. Excuse us for these technical issues. Thank you for joining us for our Q3 fiscal '23 financial results call. Before turning to the financial results that we filed this morning, I would like to provide an operational update. mdf commerce is a developer and operator of digital commerce platforms that facilitate billions of dollars per year of digital commerce transaction for well over 550,000 end user companies, mostly in North America. Our mission is to enable the flow of commerce. We reported Q3 fiscal 2023 revenues of $31.7 million, with recurring revenue representing 78% of total revenue. Also, we're pleased to report positive adjusted EBITDA again this quarter of $0.9 million. We completed the sale of InterTrade Systems on October 4, 2022. The InterTrade was a wholly owned subsidiary of the corporation that we sold for a total cash consideration of $65.8 million. It was USD 48.5 million, representing a valuation of approximately 5x annual revenues....

  
Report Type:

Transcript

Source:
Thomson StreetEvents
Company:
mdf Commerce Inc
Ticker
MDF.TO
Time
7:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Kevin Krishnaratne - Scotiabank Global Banking and Markets, Research Division - Analyst : Just one on the services that you are providing to the SPS, I guess, related to InterTrade, I think there were $900,000 of related services in the quarter. Deborah, maybe can you list -- can we assume that, that all drops down to the bottom line?

Question: Kevin Krishnaratne - Scotiabank Global Banking and Markets, Research Division - Analyst : So in this quarter, there was a $900,000 I guess, benefit to EBITDA from that. And in the next quarter, there will be a, call it, $600,000 and a little bit after that in Q1? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. FEBRUARY 13, 2023 / 7:00PM, MDF.TO - Q3 2023 mdf Commerce Inc Earnings Call

Question: Kevin Krishnaratne - Scotiabank Global Banking and Markets, Research Division - Analyst : And then the second question I have is just on the e-commerce business, $5.5 million between Orckestra, k-eCommerce. It's probably in the MD&A. Can you remind us, is that -- how much of that is recurring? And I guess maybe not related to volumes? I'm just trying to understand how to think about the base of really good recurring revenue that you can use for Q4?

Question: Kevin Krishnaratne - Scotiabank Global Banking and Markets, Research Division - Analyst : And then maybe to Luc and to you both a Deborah, just a higher-level question, just on e-procurement. Over the past year, there's been a few transactions in this space, some of the -- some competitors to Periscope have been acquired and they're going through various ownership changes -- can you maybe just talk about the competitive landscape, what you're seeing and maybe how Periscope is positioned relative to some of these other entities that are out there in the U.S.?

Table Of Contents

mdf Commerce Inc Q2 2024 Earnings Call Transcript – 2023-11-08 – US$ 54.00 – Edited Transcript of MDF.TO earnings conference call or presentation 8-Nov-23 2:00pm GMT

mdf Commerce Inc Annual Shareholders Meeting Transcript – 2023-09-19 – US$ 54.00 – Edited Transcript of MDF.TO shareholder or annual meeting 19-Sep-23 2:00pm GMT

mdf Commerce Inc Q1 2024 Earnings Call Transcript – 2023-08-09 – US$ 54.00 – Edited Transcript of MDF.TO earnings conference call or presentation 9-Aug-23 1:00pm GMT

mdf Commerce Inc Q4 2023 Earnings Call Transcript – 2023-06-28 – US$ 54.00 – Edited Transcript of MDF.TO earnings conference call or presentation 28-Jun-23 1:00pm GMT

mdf Commerce Inc Q2 2023 Earnings Call Transcript – 2022-11-14 – US$ 54.00 – Edited Transcript of MDF.TO earnings conference call or presentation 14-Nov-22 1:30pm GMT

mdf Commerce Inc at Q4 Investor Summit Transcript – 2022-11-14 – US$ 54.00 – Edited Transcript of MDF.TO corporate analyst meeting</ 14-Nov-22 6:00pm GMT

mdf Commerce Inc at OTC Markets Small Cap Growth Virtual Investor Conference Transcript – 2022-10-06 – US$ 54.00 – Edited Transcript of MDF.TO presentation 6-Oct-22 4:30pm GMT

mdf Commerce Inc Q1 2023 Earnings Call Transcript – 2022-08-12 – US$ 54.00 – Edited Transcript of MDF.TO earnings conference call or presentation 12-Aug-22 12:30pm GMT

mdf Commerce Inc Q4 2022 Earnings Call Transcript – 2022-06-30 – US$ 54.00 – Edited Transcript of MDF.TO earnings conference call or presentation 30-Jun-22 12:30pm GMT

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MLA:
Thomson StreetEvents. "mdf Commerce Inc Q3 2023 Earnings Call Transcript" Feb 13, 2023. Alacra Store. May 08, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-mdf-Commerce-Inc-Earnings-Call-T15458886>
  
APA:
Thomson StreetEvents. (2023). mdf Commerce Inc Q3 2023 Earnings Call Transcript Feb 13, 2023. New York, NY: Alacra Store. Retrieved May 08, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-mdf-Commerce-Inc-Earnings-Call-T15458886>
  
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