Previous Statements by IPAS
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» iPass CEO Discusses Q4 2010 Results - Earnings Call Transcript
Please note that iPass undertakes no responsibility to update information in this conference call. On this call, we will provide and talk about our results using non-GAAP financial measures. The press release on our website includes text and tables that explain how we define and calculate the various non-GAAP metrics and the reconciliation of non-GAAP results to GAAP results.The press release in Form 8-K announcing our financial results are available on our website. This earnings call is being recorded for replay. It is being webcast and will also be available on our website for one quarter until the next earnings call. Please note that this webcast is the property of iPass and any copying or rebroadcast without expressed prior written consent of iPass is prohibited. Before I turn the call over to Evan, we’d like to note for you that we will be meeting with investors and analysts in Dallas, New York, and Boston next week and we will be presenting and Wedbush Tech Conference in New York on March 7 th, the ROTH Growth Stock Conference in LA on March 14 th, and at the B. Riley Investor Conference in LA on May 22 nd. If you’re interested in connecting with us, please feel free to shoot us an email at email@example.com. With that, I’d like to turn the call over to Evan. Evan Kaplan Thanks, Steven. Good after noon, everyone, great to be here with you today and thanks for joining us. I’m eager to jump into our Q4 results, state of our business and our view forward. But let me start toady’s discussion with a few summary comments. First, let me say that we will stop using the words ‘transformation’ or ‘turnaround’ to describe the iPass business going forward. In a very real way, we see iPass as having turned the corner, and we are very excited about the foundation we have built and the breakout opportunity in front of the company.
We now have our core enterprise business, OME, on solid footing and geared for growth. We believe we have a tremendously valuable Wi-Fi exchange opportunity evidencing traction and starting to take shape and our managed network service business is growing again. In our view, all of these businesses are being booed by a compelling market tailwind fueled by the dramatic resurgence in the build-out of Wi-Fi.To get a sense of our assets and scale in the Wi-Fi domain, let me shed some light on iPass by the numbers. To start, iPass has the world’s largest commercial Wi-Fi network footprint with nearly 700,000 hotspots across a 117 countries, and we anticipate doubling that number this year. In 2011, iPass had nearly 2 million unique users initiating almost 20 million payable authentications, generating more than 72 million Wi-Fi sessions across a global technology infrastructure that’s physically integrated more than a 140 plus, and growing, Wi-Fi operators around the world. The network, the global supply chain that supports it, and the open mobile platform that we have built, nurtured and grown are unique and valuable set of strategic assets in this increasingly global mobile world. Put simply, we view iPass as running the world’s largest carrier-independent Wi-Fi network. With these technology assets and our deep experience of authenticating clearing and billing wireless connections, we are able to tie together a fragmented but increasingly strategic group of Wi-Fi providers and drive meaningful value across the entire mobile ecosystem. We believe this positions iPass as the natural market maker in the global Wi-Fi space. This commanding position that’s evolving in an emerging market, we believe will deliver increasing value for our stockholders. On a broad basis, there are two messages I’d like you to leave with today. First, we continue to perform well. We like our results and we like our growth profile in our core businesses. And second, we view 2012 as the year for growth and the metrics that we are most focused on specifically, driving scale with users, revenue in our core offerings, profitability and cash flow. Read the rest of this transcript for free on seekingalpha.com