PaySign, Inc. (NASDAQ:PAYS) Q4 2023 Earnings Call Transcript

Gary Prestopino: Okay. I mean the one thing I was going to ask is there a technological moat here. You’ve kind of maybe said yes with what you’re developing, but then you also just talked about identifying accumulators and maximizers. Are these middlemen that are in the system that are making the prices go higher? I mean, this is the first time I’ve heard of this, so if you don’t mind me asking –

Mark Newcomer: That’s a very — it’s a tough problem. I don’t think we have the time to get into that on this call. But it’s certainly something we can get on a call and discuss. It is very complex. And most of what we’ve done is based around technology. We’ve developed in algorithms. We’ve developed in-house and I’ll kind of leave it at that.

Gary Prestopino: Okay. So there is some technological moat there.

Mark Newcomer: Absolutely.

Operator: Thank you. We reached the end of our question-and-answer session. I’d like to turn the floor back over to Mark for any further or closing comments.

Mark Newcomer: Thank You, Kevin. I’d like to thank everybody for joining us today. A special thank goes out to all of our employees and our Board for the hard Work and support that they’ve exhibited throughout the year. I believe that 2024 will be a very exciting year for PaySign and we’re looking forward to updating everyone on the next call. Thank you all very much and have a great day.

Operator: Thank you. That does conclude today’s teleconference and webcast. You may disconnect your line at this time and have a wonderful day. We thank you for your participation today.