DATA Comms Mgmt (TSX:DCM) released second-quarter financial results and hosted an earnings call on Tuesday. Read the complete transcript below.
This transcript is brought to you by Benzinga APIs. For real-time access to our entire catalog, please visit https://www.benzinga.com/apis/ for a consultation.
The full earnings call is available at https://events.teams.microsoft.com/event/f2ba33e9-dfc9-46b1-83c0-5dba8d2fd438@292d1152-50ec-4b7b-b37b-2b579c26bb35
Summary
DATA Comms Mgmt reported a slight decrease in revenue compared to the previous year, but maintained strong sales activity and free cash flow, with significant debt reduction.
The strategic acquisition of Octacom was a major focus, expected to enhance revenue and earnings and solidify the company's position in the intelligent document processing market.
Positive growth is anticipated in the second half of the year with the return to year-over-year revenue growth and improved gross profit margins.
The company emphasized the synergy between its core business and Octacom, particularly in the financial services sector, and plans to leverage its commercial reach to fuel Octacom's growth.
Management highlighted the robust pipeline for new business development and the expectation of sustained growth in the upcoming quarters.
Full Transcript
James E. Lorimer, Chief Financial Officer
Good morning, ladies and gentlemen. Thank you for standing by and welcome to the DATA Comms Mgmt Second Quarter Fiscal 2026 Financial Results Conference Call. My name is James E. Lorimer, Chief Financial Officer of DCM, and I'm pleased to host today's call. Joining me is Richard Kellum, President and Chief Executive Officer, and Lee Berger, Managing Director of Octacom. After our prepared remarks, we will open the call for Q&A. As a reminder, this conference call is being broadcast live and recorded.
Richard and I can also be available after the call for any follow-up questions. Before we begin, I'll remind everyone that today's call will include forward-looking information. This information is subject to risks and uncertainties described in our press release and in our public disclosure filings on SEDAR Plus. We will also be referring to non-IFRS measures, the details and reconciliations of which to IFRS measures can be found in our most recent public disclosure, which is also filed on SEDAR Plus.
The presentation, recording, and transcript will be available on our website following the call. Additional information relating to DCM is available on our website and on SEDAR Plus. We also invite you to follow DCM on LinkedIn for updates on our business developments, and I'll now turn the call over to Richard.
Richard Kellum, President and Chief Executive Officer
Thank you, James, and good morning—and good afternoon and good evening to any shareholders joining us from other markets or time zones. As many on the call have likely already reviewed the press release, our second quarter results were generally in line with what we expected. While revenue remains slightly below prior-year levels, our sales activity did remain very robust. We generated strong free cash flows, we continued to pay down debt quite significantly in the quarter, and we completed, of course, this very strategic acquisition of Octacom, and we're going to spend a majority of our time on the call today reviewing that acquisition.
So I'll move pretty quickly through the quarter. As noted in our press release, moving through the third quarter and into the second half of the year we are seeing very encouraging signs, including an expected return to positive year-over-year revenue growth, a more favorable business mix contributing to improved gross profit, continued momentum in new business development—which I'll talk to on the next page—and then, of course, continued strong free cash flows.
In addition, the Octacom acquisition is going to deliver enhanced revenue and earnings contribution through the balance of the year, and we'll talk a little more detail as we progress through the call here today. So again, I'm going to move fairly quickly on the numbers for the quarter because I do want to spend the majority of our time with Lee on this fantastic acquisition of Octacom. As I said, it's in line with what we expected. Revenue decelerated in the quarter, and we're seeing that continue to stabilize, and we'll see that stability as we progress into quarters three and four.
From a new business development standpoint, our revenue from new logo wins did accelerate quite significantly—actually a much higher rate than a year ago—and the average value per client is considerably higher. This positions us well and is why we're confident we're going to see that return to growth in quarters three and four. Our tech-enabled services, hardware, and revenue from software continue to grow, up 10.4% on the quarter. They're now about 7.3% of total revenue.
Gross profit was in line with what we expected on the quarter, and our SG&A—we continue to build a better business, and you can see that our SG&A continues to decrease over a year ago—and adjusted EBITDA in line, just under 13% of total revenue. And again, we'll see that progress as we move into quarters three and four with the base business as well as the addition of Octacom. Free cash flow is extremely strong, up 15.7 million in the first half of 2026, and it's about a 16.3 million swing versus a year ago.
So very solid free cash flow delivery. Net debt—we're very pleased with our continued progress on reducing debt. Obviously this is prior to the Octacom acquisition, which we'll see included in our quarter three results. We're down 26% on the year, and it's the lowest leverage we've seen in three years—so real good progress on continuing to pay down debt. And then, of course, we returned a solid amount of capital to shareholders, about 3.4 million in the quarter.
So again, in line with what we expected and decent progress through the quarter. As I said at the top of the call, we do want to spend a majority of this call reviewing the Octacom acquisition. Lee Berger is sitting beside me here, our new Managing Director managing the Octacom division of DCM, and Lee's going to provide you with an update on the Octacom business—a good overview of the Octacom business. He's going to talk about the intelligent document processing market, the size and growth of that market, why the market's growing so quickly.
He's also going to talk about opportunities for Octacom and IDP as part of DCM. We're very excited about the acquisition. You read the press release, and you can hear my excitement in the call today. It's just a month ago—it's actually a month and two days since we completed the acquisition—and we're already off to a great start. But I want to be clear to shareholders that the IDP, or intelligent document processing, market is not new to DCM. We started down the path about two years ago with very serious intentions to build a business here in IDP. We saw lots of inbound coming from clients, and we've already built a small—much smaller, obviously, than Octacom—but a small piece of business in IDP that is a fast-growing piece of business. So it's not new to us, and the addition of Octacom obviously just allowed us to get there a lot faster—buying versus building—and buying one of the fastest growing IDP companies in Canada.
So we're very excited, and it certainly makes us a much stronger competitor in this space right from day one. So I'm going to turn the call over now to Lee. Lee, welcome to your first earnings call here, and excited to hear about Octacom. Thank you, Lee. And I'll just add one other point to what Lee said. If we—we don't need to go back to the chart—but if you think about government, BFSI, health care and transportation and you think about the physical element—when I say physical, the physical paper or forms that are now converted through the Octacom IDP process into intelligence—we actually print a significant percentage of those physical forms. So think of the value we can now bring to our client base, and that's what made this deal kind of super attractive as well.
So yeah, just closing, you know, you can see on the left-hand side of the slide here clearly Octacom and DATA Comms Mgmt, we've got a very bright future together. It truly allows us to accelerate our IDP leadership in a market that's growing and expanding very quickly. We've got built-in operating leverage with the existing facilities that are fully, fully sort of compliant and very low capex. The revenue and the margin and profitability of Octacom coming into DATA Comms Mgmt, very strong to build off of, very new complementary business building on the point that I said earlier, serving large regulated enterprises and government, and again we can now offer that value-added service on top of the forms and paper we're producing for these clients. You read in the original release that we have an enhanced credit facility and lots of bandwidth to grow, and then obviously we're going to continue the commitment to shareholders with quarterly cash dividends. So very, very strong acquisition and certainly a stronger DATA Comms Mgmt right from day one. Okay, I'm going to close on our priorities for 2026.
Obviously the top left box here: we're going to maintain high revenue retention and drive new business development. Again, we've been off to a really good run recently on new business and we're moving from strength to strength there, and we'll see that continue through the balance of the year. We're going to continue to focus on improved gross margins, and those gross margins will flow through obviously with the addition of the Octacom acquisition.
But importantly, as well as that base business stabilizes and starts to grow and we see better utilization of our assets, then that obviously naturally improves gross margin. And then we've been improving mix quite considerably as well. We're going to generate robust cash flow to support our debt reduction. And finally, if you look at that top box there, our main strategy, in addition to obviously driving that base business and that growth and continuing to build a better and bigger base business, is to fuel Octacom's growth by leveraging the DATA Comms Mgmt commercial reach and the supply chain that we've got.
And our team is just there to kind of assist Lee and his team on continuing to accelerate. As I said, we're off to—and Lee said—we're off to a very good start in the first four weeks. Oh look, I'll just close on this page. We'll turn over to Q&A. Building momentum in the second half: lots of new logos that we've won, a good healthy pipeline, we're seeing that market stabilize. Obviously, Octacom contributes to the quarter in quarter three, strong cash flow and liquidity to fund growth and certainly well-positioned, as I said, to deliver this expanded IDP opportunity.
The operational discipline and profitable growth that we're committed to deliver—we're still committed, obviously, to that quarterly dividend program. And then we will continue, as we always have, to monitor any trade policy or tariffs or macro uncertainty. We're not having any headwinds right now with the recent announcement from south of the border, but we'll continue to monitor that. Okay, so that's the outlook and we'll now turn it over to questions.
OPERATOR
Thanks, Richard. We'll now take questions from the audience. If you are joining through Teams, please use the raise your hand feature and we'll queue up questions. You may also submit questions through the chat bar. When called on, please unmute and introduce yourself before asking your question. We have some questions here. Why don't we take Noel Atkinson, please?
Noel Atkinson, Analyst at Clarus Securities
Hi guys, it's Noel Atkinson from Clarus Securities. Good morning, Richard and James, and welcome, Lee. Thanks for taking my questions. Okay, first off, just on Octacom and sort of the overall IDP division for DATA Comms Mgmt. Can you guys talk a little bit about kind of what you've seen for momentum within that division so far in 2026?
Lee Berger (Managing Director)
For me? Sure. Yeah. We really came into the deal on strength, and so our pipeline has been robust through the entire duration of 2026 to date and continues to be rather robust. The DATA Comms Mgmt opportunity set that's coming in is really augmenting our pipeline, and we're working on how to scale our ability to manage that pipeline. And so that's where some of our focus has been—A, educating the DATA Comms Mgmt team on the IDP solution set to help drive opportunities, and then, B, to be able to intake, manage, and ultimately execute on those opportunities from the Octacom execution standpoint.
So I would say we've come in strong, we've continued to be strong. We're seeing substantial growth year over year in 2026 over 2025. With Octacom, we do have a fiscal year change, and so we're moving from a May fiscal year to a December fiscal year as we join the DATA Comms Mgmt team. And so we're working through sort of syncing up all of our KPIs to be able to report that in a way that's valuable to you.
Noel Atkinson, Analyst at Clarus Securities
Great. In terms of building the sales funnel—and this is both for the DATA Comms Mgmt guys and for Lee, like, on the Octacom side—so have you been building your sales funnel? Has it been, you know, you've been outbound marketing through your sales teams, or has it been, you know, inbounds and pursuing RFPs?
Lee Berger (Managing Director)
Maybe I'll talk first from the Octacom side. Pre–DATA Comms Mgmt, the vast majority of Octacom's business has come through what I'll call inbounds, a combination of, quite literally, inbound into the website from content that we have out there, from RFPs, and from referrals. So those have really been the core drivers of the Octacom pipeline historically. We have had, candidly, little to no outbound targeted effort historically, and that was a function of our lack of scaling our commercial go-to-market team and one of the reasons for this particular partnership—for us believing that there's a tremendous amount of upside here.
So yeah, Noel, I'd say it's largely been inbound from the Octacom side. There are certain pockets, certain industries, certain use cases where we've had some marked success. And in those scenarios we do sort of build a bit of a consultant network for referrals. And at times we have done outbound campaigns, but we're talking incredibly sparse. And so this is a lot of the value add that is currently being actioned from the DATA Comms Mgmt side to help augment that funnel.
Richard Kellum, President and Chief Executive Officer
Yeah, maybe just building on that. The first thing we did as well, Noel, and shareholders is, as I said, IDP is not new to DATA Comms Mgmt. We had a leader that was actually reporting directly to me, Andrew Varga, who was our IDP subject matter expert and commercial leader. First thing we did was put him directly into Lee and Lee's team. So we have that conduit now between—call them the DATA Comms Mgmt commercial team and the Octacom team. So that's already been implemented.
We obviously brought—we didn't come with an empty funnel either, right? So Andrew was working on a pretty active funnel for the last several months, well, actually over the last year. So that funnel is now part of the Octacom world. And then we're just actually preparing for all the marketing optimization and outbound programming. So we got the marketing team working on that. So you'll see a lot of activity as we move in progress into quarter three and certainly September, October—you'll see a lot of activity.
You actually—if you Googled "Intelligent Document Processing Canada," you'd see that DATA Comms Mgmt comes up ranked as number one or number two. And we're much smaller than Octacom, so we know how to optimize and drive marketing optimization. So you'll see that all kind of shift to the Octacom world. And as I said, the marketing team is very active on that right now.
Noel Atkinson, Analyst at Clarus Securities
Great. And then just lastly for me, going back to the printing segment, can you guys talk a little bit about how the revenue activity progressed through the quarter? Were you seeing improved momentum as you got through Q2?
Richard Kellum, President and Chief Executive Officer
Yeah. Want to go with that?
James E. Lorimer, Chief Financial Officer
Yeah. I'd say generally through the second quarter, Noel, we were tracking quite well. We had a bit of a blip in one of the months, but overall I'd say we were tracking well and, you know, early stages, but kind of optimistic about Q3 and the balance of the year. As Richard mentioned, the kind of new logo—call it maybe value and number of opportunities—is helping contribute to that. It seems to have accelerated this year compared to last year. And some of the vertical markets that were challenged last year have shown some improvements—we talked about that in our MD&A—so particularly kind of manufacturing, lottery, and a couple of others. And then other vertical markets largely kind of stabilized and have positive outlook for the balance of the year. The one kind of vertical that has been a little bit tougher for us is the financial services market. But we're hard at work in that market, and as you can imagine, a lot of the IDP opportunities that we had in our pipeline—DATA Comms Mgmt alone—were in the financial services market.
So we're optimistic there that we'll have good conversion rates.
Noel Atkinson, Analyst at Clarus Securities
Okay, great. All right, thanks very much.
OPERATOR
Thanks, Noel. Thanks, Noel. Next question we have is from Daniel Rosenberg at Paradigm.
Daniel Rosenberg, Analyst at Paradigm Capital
Hi, good morning, guys. Thanks for taking my question. My first one goes to Richard and Lee. I'm curious, on the roadmap for integration, are there any milestones, key targets that you guys are hoping to achieve? Is there much work on the integration front? So just any color there with the—
Richard Kellum, President and Chief Executive Officer
Yeah, maybe we'll just kick that off and then turn over—Lee, to be clear, Octacom is a division of DATA Comms Mgmt, so we're not physically integrating Octacom into the DATA Comms Mgmt world for obvious reasons, right? They're a rocket ship in terms of growth. We just want to help fuel the growth and provide the services—the commercial services, supply chain services, the financial services, HR services—that we have at DATA Comms Mgmt into the Octacom organization.
And then a lot of those would be kind of shared services as opposed to embedded services.
Lee Berger (Managing Director)
Yeah, no, I think that's spot on, and good to meet you, first of all. We really are looking at a few specific shared services. Some elements include IT infrastructure and security, and finance are sort of the two sort of biggest pain areas to help alleviate some of our bottlenecks and allow us to focus on the commercial side of the equation. But that's probably all that's worth noting at this point. Quite candidly, we continue to operate independently.
There's a lot of collaboration going on across the organization. If we want to call that integration, we can, but it's very much sort of collaboration and supporting the Octacom team in continuing to hit sort of internal milestones and revenue milestones that we have set for ourselves.
Richard Kellum, President and Chief Executive Officer
Yeah, I would just add this is very different than the Moore Canada Corporation acquisition, which was really a synergy deal and it was direct integration. You know, we consolidated four facilities, had to bring a Salesforce together, had to bring two ERP solutions together. So massive amount of integration, also a massive amount of disruption to the business as well as we went through that heavy integration process. So none of that obviously happening on the Octacom side.
We're just there to kind of fuel and help Lee and his team kind of accelerate their growth agenda.
Daniel Rosenberg, Analyst at Paradigm Capital
Thanks for that. And then just turning to the sales cycle at Octacom, I was curious about what the lead times look like from, you know, an introduction to a customer, standing them up. Obviously there's a various amount of solutions, but just to generalize. And then I was a bit surprised to hear that a lot of it came from inbound referrals. So I was curious, how does that come about, you know, the customers or other customers? Is there some network effects in terms of what you're doing?
If you could speak to that, please?
Lee Berger (Managing Director)
Yeah, sure, maybe I'll speak to that. I'll speak to that first. As a lot of these are highly embedded solutions, to a large extent about 90–95% of our revenue comes from what we call day-forward services, so highly embedded, typically technically integrated solutions with our clients, and we become sort of relied upon as an integrated partner to our clients under our service model. And so, you know, from a referral standpoint, we do see a tremendous amount of referrals, whether it's folks that have left one company and moved to another and given us a call to say, hey, you've done a good job with us at the last organization, here's the problems that we're having. Can you help us. It's also, some use cases are pretty particular, I would say. And so as the prospect is poking around for, you know, vendors that may be able to support them, oftentimes they'll find some of our content online, perhaps ask around about us, and then give us a call. And so yeah, I mean when I talk inbound, I'm genuinely talking, you know, we're filling a need that exists in a particular use case. We're identified, and then there's outreach that occurs.
I don't want to underweight though, you know, there is RFP activity — those are public boards. Generally we're often invited to different bids, but often from a government standpoint there's often boards that these bids are posted on. We do attend conferences as well, and we've seen, you know, opportunity flow open from conferences and networking and so forth. But that hopefully gives you a flavor that when I talk inbound I'm really just excluding, you know, targeted outbound, you know, pick up the phone and call or email campaigns.
That's not the type of activity that we've pursued historically. It's usually been a use case-driven or divisional-specific driven entry point. And we do have a little bit of a land-and-expand opportunity that we've opened up over the years. And so once we're in large enterprise A with department A, oftentimes there's opportunities to broaden what we do to other departments within the organization that are also struggling with document-intensive process and challenges.
The first — if you don't mind just repeating the first part of the question, that would be great.
Daniel Rosenberg, Analyst at Paradigm Capital
I think you kind of covered it, but just it was this, the sales function, you know, from first introduction to—
Lee Berger (Managing Director)
Oh, got it. Yeah. Apologies. Yeah, it varies, so I'll generalize. On the government side we see anywhere between six and 18 months. On the enterprise side we see anywhere between, really the quickest to revenue — quickest to revenue post-implementation — is two to three months, and at times that can extend to nine to 12 months. So that hopefully gives you a general sense that a lot of the work that we're doing now with the DCM team is, obviously there was an existing pipeline, we're fostering that pipeline and that will turn to revenue quicker because those opportunities are chunky and have been in the works for some time already.
But we do anticipate more of those opportunities — the cross-sell opportunities — crystallizing at a later point. I don't believe that we'll see revenue coming from those opportunities in this calendar year. And so it just gives you a sense of, with the time to revenue that I mentioned a few moments ago and the pipeline that did exist, as to what sort of what the next quarter or two should look like.
Daniel Rosenberg, Analyst at Paradigm Capital
Makes sense. Thanks for that. And last question, I was curious about overall for DATA Comms Mgmt. I know you spoke to gross profit margin likely improving here in the near term, but balancing that idea of, okay, cross-sell and the impacts on the bottom line. Any thoughts whether, you know, just directionally somewhat, timing on when, how that margin profile looks like as a combined entity on an EBITDA basis, whether it be next year or what have you?
And then I'll pass the line, thank you.
James E. Lorimer, Chief Financial Officer
Sure. I think as you recall, typically the third quarter is kind of a wider quarter for us with some of the growth profiles. We see that moderating and, you know, returning to a bit of growth compared to last year. We, just in our kind of natural business, will see — I'd call it maybe modest margin improvement — but, you know, we'll have almost three months of the Octacom acquisition when we report Q3 included in that. Their gross profit margins and EBITDA margins are, you know, a fair bit higher than ours, Daniel, so we will start to see a little bit of benefit from that.
And then I'd say particularly as we get into kind of the fourth quarter, which tends to be a bit stronger quarter for us anyways. Octacom doesn't really have the same kind of seasonality just given their growth profile — they're kind of growing, you know, every year and don't quite have the, you know, they don't seem to at least at this point have the kind of seasonality that we've historically had. So, you know, we'll really see some of the improvements probably with the benefit of some of these bigger kind of cross-selling opportunities.
Given the sales cycle and onboarding, I would really expect to see those in kind of first half of 2027.
Daniel Rosenberg, Analyst at Paradigm Capital
Thanks for taking my questions.
OPERATOR
Thanks, Daniel. Next question is from Chris Thompson at E Research.
Chris Thompson, Analyst at Echelon Wealth Partners (E Research)
Can you hear me now?
James E. Lorimer, Chief Financial Officer
Yeah. Hey Chris.
Chris Thompson, Analyst at Echelon Wealth Partners (E Research)
Hey, thanks. I'm Chris Thompson from E Research. Thanks for taking my call. Just wanted to ask you a question about the restructuring and acquisition costs. You had about 2.3 million in the first half of the year and about 1.3 of restructuring and about 1.3 in this quarter. How is this going to sort of go forward for the rest of the year?
James E. Lorimer, Chief Financial Officer
Yeah, from a restructuring perspective, Chris, we'll see that come down in the second half of the year. Really some of that was a little bit of the kind of the echo from the Moore Canada acquisition as we got the benefit of further kind of systems alignment and finance team alignment and some other kind of fine-tuning. The acquisition and integration costs you saw in the second quarter were related to the Octacom acquisition — so kind of pre-closing costs, you know, kind of legal and advisors.
So we'll see a little bit more of that in the third quarter, and then we won't see any — like we're not expecting any restructuring charges at all from the Octacom acquisition. As Richard described earlier, you know, this is really an opportunity for growth as opposed to synergies. So we're not expecting any restructuring charges from the Octacom acquisition itself, and the DCM charges are largely done.
Chris Thompson, Analyst at Echelon Wealth Partners (E Research)
Okay, great. My second question is, can you just sort of review your capital allocation strategies for the rest of the year considering you have a much larger debt load, and I'm assuming you're going to keep the dividend going forward, and also how you're going to factor in your debt covenants?
James E. Lorimer, Chief Financial Officer
Yeah, sure, good question. You know, from a kind of capital allocation, you know, our priority is really, I guess, maybe twofold: one, continuing the dividend that we have, and secondly, paying down debt. We put a new credit facility in place, which I think you've seen the details on. We're within the kind of debt-to-EBITDA and fixed-charge coverage ratios for that. Given the kind of nice free cash flow–generating position that not only DATA Comms Mgmt is in, but also that Octacom is in, we expect to see our kind of net-debt-to-EBITDA decline nicely over the next year to year and a half to kind of levels that we were at before the acquisition.
So we expect to see, kind of, debt repayment is going to be a real priority. We're going to focus less on M&A, particularly in the traditional print space. We're still seeing lots of interesting opportunities, but I'd say at this point, you know, our real focus is continuing to build out and support the IDP business here and also, you know, continue to, you know, feed, I guess, or harvest, the traditional kind of DCM business.
Chris Thompson, Analyst at Echelon Wealth Partners (E Research)
Great, thanks. My last question is about your tax audit, and I guess it's going to be really impacted by the acquisition. But although it was kind of up year over year, it was sort of down quarter over quarter. How much of that is seasonality and then how much of the focus is really going to be on the acquisition when it comes to sort of your tech plan?
James E. Lorimer, Chief Financial Officer
Yeah, there was some seasonality in that. A large proportion of what we report as tech-enabled services relates to programming services, and last year some of those services kind of continued in the second quarter. They're typically kind of largely focused on the first quarter of the year, but they do happen throughout the year, and sometimes things happen a little bit earlier — let's say in the fourth quarter compared to the first quarter — a little bit later in the second quarter as opposed to the first quarter.
So that's really kind of largely that, Chris. And yes, going forward we, you know, we expect to report the Octacom results in that tech services, tech-enabled services bundle. So you should see an increase in that segment.
Chris Thompson, Analyst at Echelon Wealth Partners (E Research)
That's it for all of my questions. Thanks for your time.
OPERATOR
Thanks, Chris. Chris? Yep. We have no further questions. Did you have any closing comments?
Richard Kellum, President and Chief Executive Officer
Yeah, no, my closing comments. Thank you. Thank you to our shareholders. Thanks for listening today. We certainly appreciate your support and commitment. You can hear that we're very excited about the Octacom acquisition. Great company that Lee and his team have built. Tremendous success. So thank you, Lee. And we're just there to fuel growth. As I said, we're starting to see stabilization in our core business and our base business. So we're going to leverage that from a client perspective to drive leads and to help Lee continue to accelerate the growth of IDP.
I also like to thank the DCM associates and our new associates from Octacom. Thank you for a good solid quarter. We look forward to continuing the progress through the balance of the year. And I would say that maybe in summary, we're only getting started. We're four weeks in and we're only getting started. And we're looking forward to reporting the success of quarter three to shareholders a few months from now.
OPERATOR
Thank you. Thanks Richard. This concludes the Q&A portion of today's call. Thank you everyone for joining us and your continued interest in DATA Comms Mgmt. As a reminder, Richard and I could be available after the call for any follow-up questions. And this concludes our call. Have a great day. Thank you.
Disclaimer: This transcript is provided for informational purposes only. While we strive for accuracy, there may be errors or omissions in this automated transcription. For official company statements and financial information, please refer to the company's SEC filings and official press releases. Corporate participants' and analysts' statements reflect their views as of the date of this call and are subject to change without notice.
Login to comment