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8/8/2024
Good afternoon, ladies and gentlemen, and welcome to the Fiscal Notes Second Quarter 2024 Financial Results Conference Call. At this time, I would like to inform all participants that their lines will be in listen-only mode. After the speaker's remarks, there will be a question and answer session of the call. If you would like to ask a question during this time, please press star 1 on your telephone keypad. I would now like to introduce your host for today's conference,
Bob Burrows, Mr. Burrows, you may begin.
Good evening. My name is Bob Burrows. I'm with Western Avenue Advisors LLC, which was hired in April as an investor relations consultant to the company following Sarabuta's departure. I continue to act in that capacity and look forward to speaking to the company's investor stakeholders in the coming weeks and months ahead. Thank you for joining the call today as we discuss fiscal notes second quarter 2024 financial results. With me on today's call with prepared comments are Tim Huang, chairman, CEO, and co-founder, and John Slabaugh, CFO and Chief Investment Officer. Other members of the senior management team will be available during the Q&A session that will follow these prepared comments. Please note, copies of today's press release, the current report on Form 10-Q for the quarter, as well as an updated version of the corporate overview presentation are all available on the company website. In terms of important housekeeping, it is important to mention the following. During this call, we may make certain statements related to our business that are forward-looking statements under federal securities laws. These statements are not guarantees of future performance, but rather are subject to a variety of risks and uncertainties. Our actual results could differ materially from expectations reflected in any forward-looking statements. For discussion of the material risks and important factors that could affect our actual results, as well as the risks and other important factors discussed in today's earnings release, please refer to our SEC filings, which are available either on our company website or the Securities and Exchange Commission's EDGAR system. Additionally, non-GAAP financial measures will be discussed on this conference call. Please refer to the tables in our earnings release or the updated version of the corporate overview presentation, both of which are available on the investor relations portion of our website, for reconciliation of these measures to their most directly comparable GAAP financial measure. Finally, we use key performance indicators or KPIs in evaluating the performance of our business. These include run rate revenue, or RRR, annual recurring revenue, or ARR, and net retention revenue. Again, please refer to the earnings release or the updated corporate deck for definitions of these important metrics. And with that, I'd like to turn the call over to Fiscal Notes Chairman, CEO, and co-founder, Tim Huang. Tim?
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