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Verus International, Inc. (VRUS) CEO Anshu Bhatnagar on Q1 2020 Results - Earnings Call Transcript

May 03, 2020 10:14 AM ETVerus International, Inc. (VRUS)
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Verus International, Inc. (OTC:VRUS) Q1 2020 Earnings Conference Call April 29, 2020 4:30 PM ET

Company Participants

Mark Forney - Investor Relations

Anshu Bhatnagar - Chief Executive Officer

Chris Cutchens - Chief Financial Officer

Conference Call Participants


Greetings. Welcome to the Verus International First Quarter 2020 Conference Call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. [Operator Instructions] Please note that this conference is being recorded.

I will now turn the conference over to our host, Mark Forney, Investor Relations. Thank you. You may begin.

Mark Forney

Good afternoon, everyone, and welcome to Verus International’s Fiscal 2020 Q1 Earnings Conference Call. As a reminder, Verus' Q1 ended on January 31st, 2020. So, all figures presented in through these periods will reflect that end date.

Earlier today, we issued our fiscal year 2200 Q1 financial results. A copy of the press release is available on the Investor Relations section of our website and the financials are posted on EDGAR. We report our financials in US dollars. So, today's discussion will use that currency, unless otherwise noted.

Before beginning our formal remarks, I'd like to remind listeners that today's discussion may contain forward-looking statements that reflect management's current views with respect to future events. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. Verus does not undertake to update any forward-looking statements except as required.

At this point, I am pleased to turn the call over to Verus CEO, Anshu Bhatnagar. Please go ahead.

Anshu Bhatnagar

Thank you, Mark. As you’ve seen in our financial press release, we just reported another revenue record quarter, posting a 153% year-over-year increase. This is our first quarter with over $6 million in revenue. Today is

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