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Benefitfocus, Inc. (BNFT) CEO Raymond August on Q4 2019 Results - Earnings Call Transcript

Mar. 03, 2020 11:14 PM ETVoya Financial, Inc. (VOYA)
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Benefitfocus, Inc. (BNFT) Q4 2019 Earnings Conference Call March 3, 2020 5:00 PM ET

Company Participants

Michael Bauer - IR

Raymond August - CEO, President & Director

Stephen Swad - CFO

Conference Call Participants

Brian Peterson - Raymond James & Associates

Sean Wieland - Piper Sandler & Co.

Jamie Stockton - Wells Fargo Securities

Matthew Coss - JPMorgan Chase & Co.

Nandan Amladi - Guggenheim Securities


Greetings, and welcome to Benefitfocus Q4 and Full Year 2019 Earnings Conference call. [Operator Instructions].

I would now like to turn the conference over to your host, Mr. Michael Bauer, Vice President of Finance and Investor Relations. Thank you. You may begin.

Michael Bauer

Thank you, Operator. Good afternoon, and welcome to Benefitfocus Fourth Quarter and Full Year 2019 Earnings Call. We will be discussing the operating results announced in our press release issued after the close of market today.

Joining me today are Ray August, our President and Chief Executive Officer; and Steve Swad, Chief Financial Officer. Ray and Steve will offer some prepared remarks, and then we'll open the call up for a Q&A session.

Before we begin, let me remind you that today's discussion will include forward-looking statements, such as first quarter and full year 2020 guidance and other predictions, expectations and information that might be considered forward-looking under federal security laws, including statements about our positioning for the future. These statements reflect our views as of today only and should not be considered as representing our views for any subsequent date. These statements are subject to a variety of risks and uncertainties, including our continuing losses and need to achieve GAAP profitability; the fluctuation of our financial results; the immature and volatile market for our products and services; recruitment and retention of key personnel; risks associated with acquisitions; the need to innovate and provide useful products and services; our ability to compete

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