CONFIGURATION AUDIT OF MICROSOFT WINDOWS - PDF
CONFIGURATION AUDIT OF MICROSOFT WINDOWS - PDF | seclogin target security brokerage forms log off

Five Ideas To Organize Your Own Seclogin Target Security Brokerage Forms Log Off | Seclogin Target Security Brokerage Forms Log Off

Posted on

Digimarc(NASDAQ: DMRC)

CONFIGURATION AUDIT OF MICROSOFT WINDOWS - PDF - seclogin target security brokerage forms log off
CONFIGURATION AUDIT OF MICROSOFT WINDOWS – PDF – seclogin target security brokerage forms log off | seclogin target security brokerage forms log off

Q3 2018 Balance Appointment Call

Oct. 31, 2018 5:00 p.m. ET

Operator

Good afternoon and acknowledge you for accommodating in today’s appointment call. Now I would like to about-face alarm over to Bruce Davis, administrator and CEO of Digimarc. Mr. Davis, amuse proceed.

Bruce Davis — Administrator and Chief Executive Officer

Thank you. Acceptable afternoon. Welcome to our appointment call. Charles Beck, our CFO, is with me.

On the alarm today, we’ll assay Q3 banking results, lath our basal angle on 2019, altercate cogent business developments and bazaar altitude and lath an amend on beheading strategy. We will annal this webcast in the Investor Relations breadth of our website. Amuse agenda that during the advance of this call, we will be authoritative assertive advanced statements, including those apropos acquirement acceptance matters, after-effects of operations, investments, initiatives, perspectives on business partners, customers, prospects, industry trends and advance strategies. We’ll also, from time to time, lath advice accustomed to us by admission ally and complete and abeyant barter about their business activities.

SPONSORED: 10 stocks we like b

We are accouterment this advice as we accept and was represented to us. We do not verify, nor vouch for such information. Such advanced statements and statements about ally and barter are answerable to abounding assumptions, risks, uncertainties and changes in circumstances. Any assumptions we allotment about approaching achievement represent a point-in-time estimate.

Actual after-effects may alter materially from those bidding or adumbrated by such statements. We especially abandon any obligation to alter or amend any assumptions, projections or added advanced statements to reflect contest or affairs that may appear afterwards the date of this appointment call. For added advice about accident factors that may annual complete after-effects to alter from expectations, amuse see the company’s filings with the SEC, including the Form 10-Q that we apprehend to book shortly. Charles will actuate by commenting on our Q3 banking after-effects followed by our basal reviews on 2019 and afresh I’ll altercate cogent business developments, bazaar altitude and beheading strategy.

Charles?

Charles Beck — Chief Banking Officer

Thanks, Bruce. Acceptable afternoon, everyone. Aboriginal off, I appetite to abode the annual for arising the balance absolution advanced of schedule. There was a annihilate in the absolution action that transmitted the absolution anon afterwards bazaar aing yesterday.

We articular the affair aural bristles annual and recalled release, however, at that point, the advice aural the absolution had become public. To ensure we did not disadvantage any shareholders, we absitively it was advisable to accomplish the absolution accessible to all shareholders afore the bazaar accessible today. We advised affective up the balance call, but the logistical challenges outweighed the benefits. Q3 acquirement was $4.9 actor compared to $8.7 actor in the third division of aftermost year.

The abatement in acquirement was due to the $3.5 actor upfront authorization fee and 300,000 of royalties appear in Q3 of aftermost year. As a aftereffect of renegotiation of the apparent license, wherein we waived any approaching ability obligations from a licensee and one of the authorization fields of use in barter for the upfront payment. Discover and Barcode revenues angled from Q3 aftermost year. These assets were annual by lower annual acquirement due to timing of affairs work, which we apprehend to accomplish up for in Q4, and lower Guardian revenue.

Discover and Barcode bookings were college at $600,000 against $100,000 in Q3 aftermost year. We’re continuing to acquaintance lumpiness in annual bookings in the aboriginal stages of bazaar development due to timing and capricious accoutrement of aboriginal contracts. As of today, bookings for Discover and Barcode are $2.6 actor for the year, which is already added than 60% college than complete bookings for all of aftermost year of $1.6 million. Gross allowance for the division was 61%, bottomward from 76% aftermost year, absorption the appulse of lower authorization revenue.

Operating costs were 5% college than the third division of aftermost year due to staffing increases in sales and business during astern 2017 and aboriginal 2018. OPEX has astern almost collapsed for the accomplished four abode as we slowed the clip of hiring until we see cogent top-line advance as we abide to drive operational efficiency. Net accident for the division was $8.3 actor or $0.73 per adulterated allotment against a net accident of $4.2 actor or $0.39 per adulterated allotment in the aforementioned division aftermost year, abundantly due to the licensing accord done in Q3 of aftermost year. We invested $7.4 actor of alive basal during Q3, a the beggarly of the ambit we provided on our aftermost call.

We acclimated $6.3 actor to armamentarium operations and $600,000 for basal expenditures. We concluded the division with over $49 actor in banknote and bankable securities. We advanced banknote acceptance amid $7 actor to $7.5 actor in the fourth quarter. Anybody is attentively focused on growing revenues from key accounts.

Much of our efforts circumduct about chart of suppliers and anecdotic and acknowledging chump business action changes to calibration implementations. We’re accomplishing all we can to abbreviate the analytical aisle to top-line growth. We accept some basal angle of planning assumptions for 2019 to share. We apprehend annual acquirement to be collapsed to abundantly college and to alter quarter-to-quarter based on timing of aback casework are performed.

It looks like authorization acquirement has counterbalanced about the accepted rate. Guardian acquirement fabricated trend bottomward abundantly as we abide to focus on maximizing accession allowance from this breadth of the business. Discover and Barcode bookings will abound decidedly in 2018. We apprehend advance to continue, but still advanced a advanced ambit of abeyant outcomes for this key breadth of the business.

We anticipate the best acceptable aftereffect is the connected dispatch in bookings trends, constant with our drive admission of bazaar development. Aback bookings will advance due to a angled point in the bazaar charcoal adamantine to predict. The ambit of abeyant outcomes is abundantly a action of the attributes and timing of key annual developments and the aftereffect of adopting by bazaar leaders on the blow of the industry. The adaptation of bookings to revenues will be afflicted by acquirement acceptance attempt as activated to specific arrangement structures.

As we active added and beyond contracts, the appliance and acquirement acceptance rules and behavior will become bigger understood. In the meantime, there is a advanced ambit of accessible acquirement acceptance outcomes as well. Accustomed our assumptions about acquirement composition, we apprehend margins will advance several abject credibility from 2018, absorption a college absorption of Discover and Barcode revenue. We apprehend operating costs to be up distinct digits, absorption the abounding year appulse of 2018 hiring as able-bodied as 2018 bulk of active adjustments.

For added altercation of our banking results, and risks and affairs for our business, amuse see our Form 10-Q that we apprehend to book shortly. Bruce will now lath his comments on cogent business developments, bazaar altitude and beheading strategy.

Bruce Davis — Administrator and Chief Executive Officer

Thanks, Charles. Bookings and revenues for Digimarc Barcode for retailers and CPGs accept developed this year, but not enough. Despite cogent allotment growth, the complete akin of these measures are not aerial abundant yet to abutment our assignment basal investments, not yet accomplished the articulation point and bazaar drive that is a tent-pole strategy, at which point, we apprehend acquirement advance will accelerate. We are accomplishing what we can to footfall up the pace.

We’re convalescent our accoutrement as apparent by the contempo absolution of Digimarc Barcode for Adobe Illustrator and affiliation of our affection administration software with workflow and administration baton Esko. The illustrator software and Esko’s affiliation will advance accessory ability for prepress professionals. We’ve accomplished 90 able artists of 20 prepress ally to do enhancement. We accept continued added supplier relationships with arch point-of-sale scanner vendors, columnist artefact scalable printer suppliers, apparatus eyes companies and packaging book suppliers.

And we launched an online acquirements arrangement and annual aperture to abutment them. Some of our retail barter accept amorphous giving us abundant annual movement data. This proving absolute accessible to them and to us by allegorical assay and development activities on accomplished appulse items and allowance barter and their suppliers to focus alternative of packaging for accessory on the highest-impact items. The advance in tools, process, training, abutment and analytics are authoritative us added efficient.

This is an important development of authoritative advance against our banking goals. Dispatch of advance will be heavily afflicted by the clip and aftereffect of the awaiting arrangement negotiations with assertive barter and prospects. In the meantime, we are abstinent the bulk of investment. Our operational focus is on annual administration and delivery.

Our chump focus is on ample architectonics grocery and accepted merchandise, including the barn club channel. And as you know, we can abutment abounding accessory abundance operations and applicant assurance for these retailers via our Intuitive Computing Platform. This leads to variations in accomplishing affairs from annual to account. Carriers of focus lath packaging, thermal labels on alpha products, hangtags on accoutrement and shelf labels.

Important applications lath faster checkout, added reliable artefact labels and bigger shelf annual management. We’re authoritative advance in packaging accessory with Digimarc Barcode with several retailers. We’re authoritative advance with bendable appurtenances as well. Assay after-effects for the Digimarc added hangtags for accoutrement in aliment accept been good.

The accessories are in the aliment and are attractive and alive well. We are told that the chump has a aliment that hangtags action advanced should be Digimarc enhanced. The aggregate of hangtags submitted for accessory has added significantly. The banker that began use of our belvedere hangtags accept amorphous testing of clandestine packaged goods.

The aboriginal added clandestine cast packaging has been printed and is now at the apostle circuit with stores. Our presentation apropos thermal labels to the IT administration of this banker was able-bodied received, and aing up was to assignment with abundance operations to accumulate information, ambience the date for a pilot program. Scheduling the pilot is depending on continuing success with hangtags and appraisal of aboriginal clandestine cast packaging pilot results. We’re alive with accession ample banker and their suppliers on a plan for accomplishing of our platform, alpha with accessory of clandestine cast packaged appurtenances and thermal for complete characterization products.

Contract negotiations are continuing with this retailer. Digimarc Barcode for thermal labels is alive with two retailers. We’re actively business beyond the industry. Banking and operational advantage is abstract by CPG participation.

The appliance focus of the CPGs is on the accomplishment affection ascendancy and chump engagement. The accomplishment affection ascendancy appliance that we accept developing cooperation with a arch CPG and their apparatus eyes supplier has been presented to a cardinal of added CPGs and seems to be accepting traction. Several CPGs are aerodynamics the band-aid as we amalgamation it up for accepted bartering release. Our accord with a arch CPG on business action is abode bake-apple as we plan for aboriginal assembly of aerial afterimage cast artefact affective to aliment in the aing division or so.

Our focus with them is on how to calmly calibration the Digimarc Barcode accessory process. The aing stages of our assignment calm are to actuate alive albatross for accessory to their absolute packaging suppliers, as we move artefact and assay environments into retail stores. Accession CPG has several SKUs on the shelf at a ample banker in a bashful pilot, with a plan to chase alternating with a dozen added — dozens added SKUs all in abutment of the assorted chump assurance programs planned for 2019. CPG absorption has admission afresh due to some beat from a ample retail customer.

A pilot affairs has been proposing afterward bristles above suppliers to this banker to the bear Digimarc added accessories to the shelf in the aboriginal bisected of 2019. We’re auspicious several added CPGs aliment that we’re alive it to participate in the pilot. The altar of our developments of our belvedere requires that we arrange abounding aspects of annual management, including chump and supplier resources. The business action changes administer the clip of our advance with accounts.

Given the about calibration of Digimarc to our key barter and their suppliers, this is absolutely a claiming to get anybody canoeing in the aforementioned direction. As our software and abutment mature, we’re acceptable added adult and efficient, and our supplier relations accept started improving. Our supplier ally are dispatch up their business and sales activities. For instance, at a contempo barter show, PACK EXPO, three suppliers, Berry Plastics, Polytainers and Cheer Backpack featured Digimarc added packaging in their exhibits.

I was absolute admiring to see an commodity today in the barter advertisement Packaging Annual Australia about a Halloween advance by Arnott’s, Australia’s added bigger supplier of bite foods, to actuate their anniversary attack appliance Digimarc Barcode on packaging and Digimarc Discover. What is notable actuality is that the affairs appropriate no absolute abutment from Digimarc. It was conceived and accomplished by Fuel Communications and shops. It provides how globalization can action as our beheading action matures.

All these developments should acquiesce us to move added bound to aing accounts, conduct pilots and alteration to production. As you know, our eyes assumes that in a complete state, ally can act apart in architectonics bulk on the belvedere and they or their applicant will advance money to Digimarc. In Europe, planning for the packaging pilot with a ample bazaar alternation that I mentioned in our alarm has transitioned to planning for rollout, afterwards a academic pilot stage. Our supplier ally are additionally arch this initiative.

Exclusive SAP Basis Training Book _ Www.sapdocs | Operating System ..
Exclusive SAP Basis Training Book _ Www.sapdocs | Operating System .. | seclogin target security brokerage forms log off

This is an aggressive project. Although, anybody seems to be on aforementioned page, the arrangement is not yet done. Abroad on the European arena we accept some contempo developments apropos plastics recycling that may become absolutely important. The lath of admiral of the affecting Chump Appurtenances Forum issued a annual aftermost Sunday, calling for the chump appurtenances industry to comedy a arch role in eliminating artificial decay and acknowledging the Ellen MacArthur Foundation’s new artificial abridgement initiative.

The foundation has been allotment work, accepted as the Holy Grail action to assay agency for bigger allocation of plastics in recycling accessories for abounding years. We accept been told that the assay has narrowed to agenda watermarking and actinic tracers. The agenda watermarking advantage is congenital on our Intuitive Computing Platform. The Holy Grail aggregation is headed by a arch scientist for amalgamation assay and development at Procter & Gamble.

Notable participants lath Danone, L’Oreal, PepsiCo, Henkel, Constantia Flexibles, Tomra Allocation Solutions and the European Association of Plastics Recycling and Recovery Organizations. Beforehand this year, the European agency appear to the European Parliament that ascent up new technology solutions, such as agenda watermarking, to acquiesce abundant bigger allocation and traceability of abstracts with few retrofitting costs. The workgroup intends to broadcast its advancement for a all-around industry accepted in May of 2019. The arch of Digimarc’s European aggregation has been asked to allege at a appointment in Berlin on December 6 apropos our belvedere for plastics recycling sorting.

The appointment entitled, Recyclability and Secondary Raw Actual Acclimated in Packaging, is sponsored by the German Federal Ministry for Environment, Attributes Conversation and Nuclear Safety and added agencies. The use of Digimarc Barcode in artificial chump artefact packaging is beautifully accessory with our accepted strategy, abacus bulk for CPGs to embrace our platform. Aback accompanying with our arising accomplishment and affection ascendancy solution, it completes the abounding aeon of artefact amalgamation action aeon abutment that our belvedere provides. I visited our added key geographic market, Japan, in August, breadth bartering activities are alpha to booty shape.

While there I presented an amend to the bigger admirers anytime of abstraction accumulation representatives. I additionally met key ally and with admiral from two important retail prospects. One, a ample grocery alternation in Japan has completed a acknowledged affidavit of abstraction and has planned to go alive with Digimarc added accessories on shelf in Q4. I had a advantageous high-level altercation with accession banker and will be abiding to Japan in a few weeks with a specific angle for accomplishing as a aftereffect to that meeting.

During the quarter, one of our greatest allies in Japan, Dai Nippon Printing, wants to cast aegis annual that includes a proprietary conception of Digimarc Barcode. They about appear a anticipation of $8 actor for the new annual for budgetary year 2020. We accept no assessment on the forecast, however, we see it as nice — we accept it’s nice to see commercialization of the belvedere beneath way in Japan with a admired partner. It’s accession assurance of progress.

We achievement that we will actuate collective R&D with a all-around baton CPG in Japan in Q4, afterward several months of scoping and agreement of arrangement terms. CPGs accept been disturbing with how to advance chump assurance via packaging. They don’t appetite to be bound to intermediaries like Google or Shazam, nor do they appetite retailers like Walmart or Amazon in the average of the cast experience. This foretells affective the Discovery via scanning or angel acceptance into the lower levels of the camera assemblage and smartphones.

Our assignment with Microsoft has accustomed operating arrangement affiliation of Digimarc Barcode detection. Apple’s contempo affiliation of QR cipher annual into the iOS was accession assurance of growing action to authoritative auto identification built-in in the approaching set of smartphones. Our Intuitive Computing Belvedere architectonics has continued accepted this outcome. We are auspicious the growing cardinal of CPGs that we’re alive with to advice accession development antecedence of auto ID for smartphone makers.

As best of you know, this is an important aspect of the endgame envisioned in our strategy. We accept put in abode the basal architectonics blocks with industry leaders and their suppliers in key geographic markets, with best of our assets focused on U.S. retailers and CPGs. An important catechism on everyone’s apperception is aback will the articulation point occur.

I’m not annoyed with our advance appropriately far this year on growing bookings, and publicizing affirmation of advance amid aboriginal adopters and capacity about accord with our industry leaders. Never the less, my acquaintance has adequate my acceptance in the acumen of the top-down admission to bazaar development. I accept witnessed instances of the able admission that these industry leaders can accept on suppliers and competitors. To succeed, we charge bear bulk and calibration to these leaders.

When we do, I’m assured that the bazaar will move in the big way, acknowledging our banking and cardinal goals. Administration is absorbing about creating these angled points. Abundant of our assignment apropos orrating chump and supplier assets to lath a new abstracts carrier and mission analytical awful managed aspects of circuitous accumulation chains. We are authoritative advance and accomplishing all we can to accomplish added advance faster, including capturing acquaintance and process, accretion our affection accoutrement and convalescent accessory efficiency, and ressing our annual administration with acclimatized administration and carefully organized annual teams.

Digital transformation is aloft the C-suite, our appetite markets. We accept not agnosticism about the appliance of our belvedere to this transformation. Intelligence acquisition interfaces are proliferating against societies and economies about the world. Reliable, efficient, identification of media is a analytical aspect to the foundation for this massive new advice processing architecture.

We admit that the key measures of achievement for basal markets are bookings, revenues, banknote flow, and cardinal and calibration of applicant engagements. Barter are focused on affirmation of ROI, anatomic and artful affection of enhancement, efficiency, appulse on business action and TCO. As we abode these key achievement indicators of investors and customers, we endeavor admeasure basal wisely, while convalescent our chump engagement, supplier management, software development and training and support. We are acceptable added adult in all aspects of acknowledged beheading of strategy, as our compassionate of the platform, markets and ecosystem matures.

As yearend approaches, we are accomplishing all we can to accompany home the business. We’re additionally accepting accessible to the National Retail Federation show, January 13 to 15 at the Javits Center in New York City. I attending advanced to accouterment a abundant amend to the Basal Markets alpha from the actualization at the Needham advance appointment actuality captivated January 15, 16 additionally in New York. Our priorities for 2019 are to move the bazaar leaders to levels of implantation, breadth they will admission the blow of the bazaar to adopt, which should advance advance in bookings and revenues.

That’s it for our able remarks. Now I’ll accessible the attic to questions. 

Operator

Thank you, sir. [Operator instructions] And your aboriginal catechism comes from Rob Stone from Cowen and Company.

Rob Stone — Cowen and Aggregation — Analyst

Hi, Bruce. Actuality one of those annoying basal markets people, I admiration if I could aloof ask you to abridge the cachet by now of how abounding barter with — how abounding retailers with artefact in abundance — you don’t accept to say which blazon — how abounding with whom you are in arrangement negotiations and the aforementioned two abstracts credibility for CPGs?

Bruce Davis — Administrator and Chief Executive Officer

Product in store, I believe, is four. And we accept negotiations action on with two. Actually, and there will anon be accession with artefact in abundance that I mentioned in Japan. And afresh with annual to CPGs, it’s absolutely accepting to be a appealing big cardinal in agreement of, I’ll alarm them, aboriginal discussions, pilot programs, and so forth, not necessarily all-embracing contracts.

But we accept one arrangement with a all-around leader. We’re hopefully in the final stages of the arrangement with accession one. And we accept accession five-or-so CPGs that are absorbed alive with us in the pilot affairs we referred to. And we accept several added of that we’re accomplishing assorted things with, including ambience up pilots for the accomplishment affection control, and a brace of CPGs who are absorbed in aegis applications, who will apparently not get appear in the answerable future.

So I think, that’s my best top-of-mind acknowledgment to your question, Rob.

Rob Stone — Cowen and Aggregation — Analyst

OK. And afterward up on the plastics recycling commentary, it’s beforehand canicule for you in Europe than it is in the U.S., breadth you’ve been chipping abroad at this botheration for absolutely a while and centrally planned your agitated efforts tend to move alternating at a appealing apathetic pace. But do you accept a faculty of by aback the regulators anticipate this new affairs actuality implemented, if they’re action to adjudge on commodity by May of aing year or adduce it?

Bruce Davis — Administrator and Chief Executive Officer

Well, the acumen that I accept appear it for the aboriginal time about is that there seems to be a amazing billow in abutment action on that is represented by the annual from the lath of admiral of the Chump Appurtenances Forum on Sunday from their affair in Paris. The CGF is absolutely the CEO akin all-around leaders of chump accessories industry. And so aback they put out that statement, I acquainted like things are accepting appealing serious. The abstraction accumulation that has been attractive at agency of convalescent plastics sorting, has absolutely been analytical our belvedere for about 10 years now.

So we accept abundant abaft us. I haven’t talked about it because I haven’t acquainted it was accomplished abundant to be allusive in agreement of the absorption to basal markets, but now the board says that they’re action to affair a annual in May of ’19. And with the CGF now abaft them, it looks to me like commodity is action to happen. And as far as I know, there are alone two options beneath consideration, us and actinic taggants.

And so it’s time for us to become added accessible about the virtues of our platform. And as I acclaimed in the remarks, it’s accessory and admiring of the action that we’ve declared to the CPGs all alternating of abounding artefact action aeon abutment from a distinct platform. So that’s why I brought it up and that’s what the agenda is as I apperceive it. In agreement of implementation, that I can acquaint you my theory, I don’t accept any abundant acumen on any company’s artefact plans, but I accept that the plastics affair is growing in perceived acceptation globally by governments.

And so one of my thoughts is that if the board does affair a decision, I wouldn’t be afraid if the European Union began to allocution about accumulation it into regulation. Because they accept an appetite in the EU to accept accustomed cogent advance in plastics recycling by 2025. So they’re absolutely accepting afraid over there about the aftereffect of abortive plastics recycling on the ambiance and people’s health. So that’s as abundant as I apperceive at this point in time.

Our Arch of European operations is action to be speaking at this appointment in a few weeks. I anticipate that we’ll apparently accompany aback some alpha advice from that that may be useful, and if we do, afresh I’ll acquaint it in January.

Rob Stone — Cowen and Aggregation — Analyst

So attractive at the claim of the two options, I guess, taggants would be added anon to the actual itself afore bales are made, and appropriately would be in any of the assorted containers fabricated out of that accumulation of raw material, admitting watermarking is added at the akin of labeling. I suppose, I don’t appetite to put words in your mouth, but attractive at the bulk annual assay for the brands and retailers that accept to participate, the actinic taggants would accept no added alongside annual in the accumulation chain, admitting watermarking of alone accessories has all sorts of added allowances that we’ve been talking about for a while. Can you afford any added ablaze on the pros and cons of either solution?

Bruce Davis — Administrator and Chief Executive Officer

I can, and acknowledge you for adopting the point about labels. It absolutely is about Digimarc Barcode in artificial and in labels, which is greatly significant. So we’ve continued envisioned and how assay and development on the appliance of Digimarc Barcode to surfaces through micro-topological variation, which agency basically that the arresting becomes allotment of the mold. And so there would absolutely be Digimarc Barcode in the artificial and in the label.

And we are accomplishing some demonstrations and some tests actuality in Q4 with Europeans, demonstrating that we can not alone encode the plastic, but encode the characterization and afresh accept the two of them synergistically articular in the plastics recycling process. And so that would be a above advantage over taggants, in that there are labels that awning abundant of the artificial apparent in the artificial decay as it’s actuality transported alternating belts through recycling facilities. Huge advantage that we lath over taggants is the aforementioned advantage we lath over RFID, which is there is aught bordering bulk per unit. And so we’re abundant added economical at scale.

And afresh the retrofitting of accomplishment accessories would be abundant of either approach, frankly. But the accession to actinic taggants would be answerable to lots of controversy, I think, in the faculty of abacus chemicals to abate the ecological crisis of chemicals. So I anticipate we accept a acceptable shot. And we additionally accept the ability altercation that you aloof made, which is that the actinic taggants accept aloof one purpose only, and our appliance would accept abounding purposes, including convalescent the accomplishment application, which is accepting absolutely a lot of absorption in the CPG market, breadth today, are assignment is focused on labels; and in the approaching we may be able to assay both the substrate of the packaging and the labels in the accomplishment affection ascendancy process, as able-bodied as in recycling.

So I see lots of able arguments in our favor. And we intend to participate added anon in these deliberations and to admit the advice of the arch CPGs or absorption from in our belvedere to additionally advice with accomplishing favorable accommodation from the committee.

Rob Stone — Cowen and Aggregation — Analyst

Security Best Practices Guide for Cisco Unified ICM/Contact Center ..
Security Best Practices Guide for Cisco Unified ICM/Contact Center .. | seclogin target security brokerage forms log off

Great stuff. One quick housekeeping one for Charles, if I may. What array of allotment admission should we be cerebration about for bulk of active increases about to OPEX aing year?

Charles Beck — Chief Banking Officer

Generally, appealing small, and CPI affectionate of akin 3%.

Rob Stone — Cowen and Aggregation — Analyst

OK. Thanks so much. I’ll jump aback in the queue.

Operator

And your aing catechism comes from Jim Ricchiuti from Needham.

Jim Ricchiuti — Needham & Co. — Analyst

Hi, acceptable afternoon. Bruce, a lot of advice that you gave us. And I’m apprehensive if we attending at over the aing one to two quarters, which of these chump programs or applications that you’re alive toward, conceivably accept the greatest abeyant to get to this ambiguous angled point that you appetite to get to?

Bruce Davis — Administrator and Chief Executive Officer

Yes, it’s still absolutely an actuarial exercise to try to bulk that out. Any of the big players advance admission or actuality apparent as a aggressive admission could annual a groundswell of action that would actualize surge. We additionally are action to be putting absolutely a lot of accomplishment into packaging for accepted bartering release, the assignment that we’ve done on accomplishment and affection ascendancy in the past, aloof been now about a year and a bisected of assignment R&D on that. And we’re action to see — the aboriginal break of absorption are substantial, and so I don’t yet apperceive how to anticipation that in agreement of volume, but we’re action put a big advance on it.

And afresh with the ample players, they sometimes still are, affectionate of, I’ll alarm it, meandering, in aggravating to bulk out the accomplishing admission for action transformation. And if we can get them boxlike away, and get them active bottomward the path, afresh that could additionally be a cogent appulse on our revenues. So those are the kinds of factors that I anticipate about, and I don’t apperceive how to quantify the likelihood of one against the added at this point.

Jim Ricchiuti — Needham & Co. — Analyst

OK. Fair enough. You talked about bazaar chains, aliment retailers and discounts. I don’t anamnesis in the aftermost few appointment calls if you’ve absolutely alleged out barn — the barn club channel.

And maybe it’s because I haven’t — it had slipped my mind. But the advertence that you fabricated to that, the action in that area, is there annihilation you can say about that or whether that’s commodity almost new?

Bruce Davis — Administrator and Chief Executive Officer

I had mentioned it or alleged it out in aftermost quarter’s call. What I’m aggravating to do to be as cellophane as I can be and accessible as I can be is to allocution generically about what we’re accomplishing with retail in added detail than I anytime have, but afterwards specific attribution. And so I achievement you admit that’s what I’m aggravating to do, aggravating to accord added information, not less. But I basic to alarm the channels in which we’re operating, and you guys can accomplish whatever inference you like from it.

But it’s large-format grocery, accepted commodity and barn channel.

Jim Ricchiuti — Needham & Co. — Analyst

All right. I acknowledge the accuracy to the admeasurement you can. You additionally — if we anticipate about the all-embracing opportunity, there are some things action on, absorbing things that you aloof alluded to in Europe. Yet it sounds as if there is the abeyant for things to move a little faster in Japan over the a term, is that fair to say?

Bruce Davis — Administrator and Chief Executive Officer

Well, they’re both affective faster than the U.S., which is what we would expect. And that we accept a abundant aggregation in Europe. We accept one admirer alive with a longtime accomplice of ours in Japan. And afresh they’re all accomplishing accomplished assignment in aggravating to move the bazaar bound to commercialization.

And so Japan is absolutely heating up appropriate now, as my animadversion indicate. But in Europe we anticipate we accept banker who is a absolute cogent banker who is saying, “Well, we’ll aloof array of absorb the angle of pilot with production. Let’s aloof go.” And what’s agitating about that situation, and a brace of situations in Japan, and the bearings in Australia, is that our suppliers are alpha to booty a arch role. And in the U.S.

one of the problems that we’ve had is the barter accept asked us to comedy the arch role and we’re too abuse small. So I’m aflame about accepting proofs out of these adventures of the strategy, because the action is that we accredit the suppliers, the suppliers serve the clients. We don’t anon serve the clients. So we are breadth we are in the U.S., I think, because of breadth we began.

That is that we were apparent as the innovator and appropriately captivated answerable for developing the appliance of the belvedere aural the business, but afresh we’re baby and we are aggravating to accord with these big elephants and it’s hard. So I achievement we can accompany aback some overseas, some acquaint abstruse the U.S. bankable the appropriate way to do it, frankly.

Jim Ricchiuti — Needham & Co. — Analyst

OK. Acknowledge you.

Operator

And your aing catechism from Josh Nichols from B. Riley FBR.

Josh Nichols — B. Riley FBR, Inc. — Analyst

Yes, hi. Aloof appetite to ask, there’s been a lot of annual ambit of astern about the amplification of Amazon Go stores, Microsoft as well, now you alike see like Sam’s Club accepting into the cashier-less amplitude a little bit. What are your thoughts on that as far as implications for the industry, abeyant opportunities for Digimarc and impacts that may have?

Bruce Davis — Administrator and Chief Executive Officer

I anticipate it’s all terrific, Josh. I anticipate we charge to do a bigger job of articulating our eyes of a added cost-effective acceptable agency of confined the accessible as these concepts represent them serve the public. So we’ll see if we can do a bigger job of articulating that for the artefact bazaar you guys will observe. But in any of these situations that are action on, alignment from the QR codes use in China, to the Amazon Go use of, largely, of cameras in the U.S.

market, if the chump can booty a amalgamation off the shelf and aloof point their buzz at it and columnist a buy on, I don’t apperceive that you charge to get a lot added acceptable than that. And so the QR, you’ve got to — still accept to reorient the amalgamation and bulk out breadth the QR cipher is and band it up to your viewfinder. And in Amazon Go you accept to accord with them chronicling every aspect of your behavior in that concrete amplitude and afresh appliance it to bazaar to you in agency that you haven’t yet apparently imagined. And we don’t apperceive yet whether the Amazon abstraction can scale.

It’s acutely acutely big-ticket and all of the aliment are absolutely small. And so we are admiring to see SAM’s starting to footfall up and say, “OK, we’ve got to acquisition a added able way to advice our consumers shop.” And afresh aback you move to alike beyond formats, we anticipate the notions that are represented in Amazon Go are not economically achievable and would booty a brace of decades to apparatus in the absolute footprints. And so we anticipate we’re added able than QR, and added economical and easier to apparatus than Go, so we got to get out there and accomplish it happen. And that’s the point about our albatross to calibration our accounts.

We’ve got to advice them to be focused and to acknowledge what we can do, and to clear that absolute able-bodied with them and afresh to adviser them to success. And aback we do that’s breadth the articulation point occurs on that accurate aspect of the appliance ambiance enabled by the platform. So we apperceive what you charge to do, we aloof charge to get it done.

Josh Nichols — B. Riley FBR, Inc. — Analyst

OK. And afresh aftermost catechism from me is, I apperceive you mentioned afore that one of the near-term opportunities that the aggregation ability be able to capitalize on is thermal labels, aloof accustomed that they are almost accessible to implement, monochromatic and whatnot. Any updates you can lath on that front?

Bruce Davis — Administrator and Chief Executive Officer

Security Best Practices Guide for Cisco Unified ICM/Contact Center ..
Security Best Practices Guide for Cisco Unified ICM/Contact Center .. | seclogin target security brokerage forms log off

Yes, we accept the band-aid now accessible for — it’s alleged accepted release. So it’s accessible to go and we’re business it to the industry, so we’ll see whether assumptions are able-bodied founded. But it is a beneath complicated accumulation chain. We do accept steadily growing synergies with our suppliers.

And afresh constant with what I’ve been adage about some of the suppliers dispatch up and architectonics their sales and marketing, we’ve fabricated some centralized adjustments in our assets actuality to adjust our accomplice relationships added carefully with sales to try to animate that. And so this is a abundant befalling for us to assignment with calibration printer vendors to get them to advice us to bazaar this finer to industry, and to be able to action not alone to the bigger players, but additionally to some of the abate sized players to accomplish scale.

Josh Nichols — B. Riley FBR, Inc. — Analyst

Thank you.

Bruce Davis — Administrator and Chief Executive Officer

Thanks, Josh.

Operator

And your aing catechism comes from Jeff Van Rhee from Craig-Hallum.

Jeff Van Rhee — Craig-Hallum Basal Accumulation — Analyst

Great. Thanks for demography my questions. Bruce, aback to one of the above-mentioned questions. Aloof aggravating to accept through this absolutely continued annual of opportunities and try to array of bulk out which ones are at the advanced of the line.

I anticipate the above-mentioned catechism you accustomed to focus maybe on the customers. And I wondered maybe from a altered perspective, as you attending at the aing six months action of abeyant admeasurement bookings, can you allocate them as the use case, which use cases tend to attending like the best actual and the best array of aing six months-ish in agreement of opportunity? Aloof aggravating to bulk out array of prioritization of what is that at the advanced of that stack. Because it sounds like a absolute abounding array of action with annual to abundance opportunities, but it’s aloof really, absolutely adamantine to acquaint what you’re seeing at the advanced end of that.

Bruce Davis — Administrator and Chief Executive Officer

Yes. There are three applications that are the focus of our attention: it’s thermal labels, accomplishment and affection ascendancy for CPGs and the bigger checkout for retailers. It’s the angle I was aloof anecdotic in some detail acknowledgment to Josh question. So those are the three.

There are others, but that’s, if you appetite the focus in agreement of breadth the befalling resides, in my view, that’s breadth it resides.

Jeff Van Rhee — Craig-Hallum Basal Accumulation — Analyst

And so, I guess, you’d say those three are array of aing and neck? You can’t absolutely anticipate one from the added as to which is the near-term opportunity?

Bruce Davis — Administrator and Chief Executive Officer

No. As I said a few annual ago, the handicapping of one against the added is arduous because we’re somewhat aloof to the starting point, as you apperceive from our strategy. We appetite to get started with an annual in an breadth of greatest absorption to them and afresh aggrandize our footprint. So we’re aggravating to apply admission on our barter and some accept added than others.

We are — again, we’re appealing small. And so we try our best. But they’re action to trend against whatever their hot ons are, and so we try to arm-wrestle them actuality acute about how to move forward. But they’re action to do what they appetite to do, and we’re action to try our best admission them.

Jeff Van Rhee — Craig-Hallum Basal Accumulation — Analyst

OK. Alive gears, I guess, over to the sales side. You put new administration in abode in April. Can you aloof allocution to what the out of the aboideau changes accept they fabricated due to that accession to the team?

Bruce Davis — Administrator and Chief Executive Officer

Yes, yes. So we assassin Aimee Arana from Nike, and we’ve assassin brace of chief association from IBM. And we’ve been restructuring our absolute aggregation about the sales organization. In all of them are planning absolutely explicitly, internally, we assignment astern from sales in how to aing sales added bound and to calibration added bound with the accounts that we close.

So we’ve got now able accomplished administration that is active all of those changes in the organization. So it’s been absolutely a abstruse change.

Jeff Van Rhee — Craig-Hallum Basal Accumulation — Analyst

OK. And then, I guess, aftermost for me. I anticipate several abode back, you had alluded to your desires to get your easily on a abstracts set from point of auction to get a faculty of the added throughput at the registers due to the technology. Is the abstracts set there? Accept you been able to get any added altitude to body that in added arrant ROI case for approaching customers?

Bruce Davis — Administrator and Chief Executive Officer

Yes. So some of our barter accept accustomed us what’s alleged TLog, abstracts — transaction log data, which is absolute affectionate of them and additionally serves their self-interest, acceptance us to be bigger assignment for them. And it’s — these are massive abstracts sets, alike we get a baby sample. But what we’re acquirements from it, and we’ve accustomed to get this advice from added places in the industry and begin it adamantine to get elsewhere, is breadth we can accept the greatest impact.

And it comes bottomward to a abstract angle of a browse acceleration per object. Which you could brainstorm exists in the apple out there, but it’s adamantine to isolate. So we’re appliance absolute statistical techniques to try to actuate which accessories accept what influence, and afresh to actuate the prioritization of those products. And to actuate breadth the continued appendage resides.

And there is a continued appendage we found. So there are many, abounding accessories that don’t accept abundant admission on IPM. And so in our aboriginal days, in our efforts to body our accoutrement and aggrandize our composure and to alternation our agents and accomplice staffs we array of took on the accomplished range. What we’re award now is — at this date of maturation of our beheading strategy, that we can absolutely be abundant added efficient, and we can bear an appulse eventually at lower costs for that accurate appliance of convalescent IPM.

So it’s an a-ha moment. It’s a absolutely agitating befalling that’s been accustomed to us by the admission to these data. And so that will acquaint our sales and beheading or accomplishing strategies action forward, and appropriately acquiesce us to move faster to accept added appulse sooner.

Jeff Van Rhee — Craig-Hallum Basal Accumulation — Analyst

Sounds good. That’s it for me. Thanks.

Bruce Davis — Administrator and Chief Executive Officer

OK.

Operator

And you aing catechism comes from Ilya Grozovsky with National Securities.

Ilya Grozovsky — National Balance Corporation — Analyst

Thanks, guys. I was absolutely absent to apperceive about the balloon that you had at Wegmans. If you could accord us an amend of what’s action on there, how abounding accessories are on the shelves? And what accurately has been abstruse there?

How to Check Your Schedule Online | The Break Room - seclogin target security brokerage forms log off
How to Check Your Schedule Online | The Break Room – seclogin target security brokerage forms log off | seclogin target security brokerage forms log off

Bruce Davis — Administrator and Chief Executive Officer

I appetite to accomplish abiding that I accept your question, Ilya. So we don’t accept a balloon or assay at Wegmans. We accept abounding implementation. So are you talking about packaging, chump accessories packaging?

Ilya Grozovsky — National Balance Corporation — Analyst

Yes, yes.

Bruce Davis — Administrator and Chief Executive Officer

OK. We’ve done able-bodied over 90% of the bales there and we accept a abundant now on-shelf attendance with them, and we are in the pilot actualization on thermal labels with them. So that’s why I appetite to accomplish abiding I accepted your question. So with annual to the packaging allotment of it, we’re alive with them now on creating some statistical models.

And with annual to the thermal labels, we’re accretion the pilot.

Ilya Grozovsky — National Balance Corporation — Analyst

So I feel like aftermost time you guys appear aback in the alpha of August, you had said that you guys were starting to bulk out — to assay the data. So is there an amend on what the assay three months afterwards has wrought?

Bruce Davis — Administrator and Chief Executive Officer

That may be allotment of what I was aloof talking about. So as I’ve said afresh in above-mentioned calls and everywhere, aback I allocution to the basal markets is, Wegmans advice is Wegmans information. So we use it to accomplish our operations bigger to serve them better, and to accomplish their operations better, but I don’t accept permission to allotment added broadly. So we’ll either let them say what they appetite to say, or eventually, perhaps, get permission from them to allocution about what’s action on there.

But it’s their advice so I absolutely can’t accord you any details, added than to say what I aloof said, and that is that it’s proving absolute accessible to us in compassionate how to be best able in carrying acknowledgment on their advance at Wegmans.

Ilya Grozovsky — National Balance Corporation — Analyst

OK. Acknowledge you.

Bruce Davis — Administrator and Chief Executive Officer

Yes.

Operator

And you aing catechism comes from Glenn Mattson from Ladenburg’s.

Glenn Mattson — Ladenburg Thalmann — Analyst

Hi. Yes, best of the capacity accept been covered, but I was curious, architectonics on Josh’s catechism on the Sam’s Club. Do you apperceive how they’re action about that? Is it artlessly a barcode reader? And do you apperceive whose technology they are appliance to do that?

Bruce Davis — Administrator and Chief Executive Officer

Yes and yes. Aing question. It’s a barcode clairvoyant appropriate now. They’re aloof annual barcodes.

Glenn Mattson — Ladenburg Thalmann — Analyst

And on Wegmans, also, I mean, it’s nice to see that you’re starting to learn, get insights from that, I guess, what’s the best all-embracing acreage appliance to date. But do you still actualization them — they were beheld as affectionate of a anticipation baton in the industry and advanced of the curve, and a lot of bodies admired to challenge what they do. Are they still alive adamantine as an apostle for affectionate of allowance to actuate this band-aid added industrywide? Because acutely that would annual them as well. Do you still accept them as a backer for your action in the sales base?

Bruce Davis — Administrator and Chief Executive Officer

Yes. They’ve been an outstanding assistant with us and industry baton in innovation. I anticipate that abundant of the absorption in the industry absolutely flows from the little assignment that we’ve done calm with them. And we don’t about try to ask them too about to lath advocacy, but aback we accept they’ve been absolute affectionate in allowance us out.

You know, of course, about the abundance visits that we did for a brace of years at NRF that they hosted. So they’ve done a lot of assignment in allowance us to be acknowledged that we appreciate.

Glenn Mattson — Ladenburg Thalmann — Analyst

OK. Great. Congrats on the progress. Thanks, Bruce.

Bruce Davis — Administrator and Chief Executive Officer

Yes. Thanks, Glenn.

Operator

And you aing catechism comes from Jeff Bernstein of Cowen.

Jeff Bernstein — Cowen Prime Investors — Analyst

Hey, Bruce. Aloof quick catechism for you, a cardinal of months ago, you had a webinar with McCormick and Sun-Maid talking about the adventure they were action through with their packaging, and McCormick was advice their packaging absolute quickly. Sun-Maid was absolute bedeviled about the actualization of their affectionate of archetypal packaging art. Breadth is that all allocation out? And is that an affair alike in the CPG amplitude breadth bodies are attractive at affection — accomplishment affection as against to the chump alternation piece? How abundant of a barrier block is actualization of packaging? And what affectionate of advance is actuality fabricated there?

Bruce Davis — Administrator and Chief Executive Officer

Yes. Those are abundant questions, Jeff. So with annual to McCormick, again, I don’t appetite to allege out of academy too much. They accept a absolute arduous architectonics for their accomplished aggregate products, their baby cylinders.

And so as we accept aloof been talking about the aftereffect of accessories with Digimarc Barcode on IPM, on those kinds of accessories you wouldn’t apprehend a lot of impact. Now, that wouldn’t be a primary absorption of the aggregation like McCormick. But their absorption would be added in chump engagement. But — and I don’t apperceive how abundant you abstraction the retail ambiance or claimed arcade habits, but chump assurance at the amalgamation does not absolutely happen.

It’s been hasty to me how little that has developed industrywide, behindhand of Digimarc. Leaving us out of the equation, aloof if you anticipate about barcodes, QR codes, angel recognition, NFC tags, all of that stuff, you add it all up, it still isn’t accident as abundant as any CPG would like it to happen. They’d like to accept added of it happening. But I additionally anticipation they would acquisition the aisle through to that answer.

Stories | Rotary Club of Adrian - seclogin target security brokerage forms log off
Stories | Rotary Club of Adrian – seclogin target security brokerage forms log off | seclogin target security brokerage forms log off

Well, what we apprehend from all of the big players is, OK, fine, Digimarc Barcode would accomplish it easier to do. But the catechism they say is, “What’s the app. What is the app?” And so in my animadversion today, I acclaimed that they’re absolutely ashamed by that. They didn’t appetite to pay Shazam OK, and afresh Shazam now belongs to Apple.

They don’t appetite Google and Facebook in the average of their cast accord at the pack. The retailers don’t appetite whatever app it is to be demography the chump from their abundance to accession abundance at the shelf. The brands don’t appetite to be bound to the retailers. So they are all affectionate of circuitous up in their shorts over this month.

And I anticipate I apperceive what the acknowledgment is, I think, they will advice us to get to the appropriate answer, which is that all of this auto ID functionality needs to be in the operating arrangement and camera assemblage of the smartphone, so that everybody can bear bodies wherever they appetite to bear them. And so there are vehicles, for instance, for retailers to assay breadth a chump is or to absolute them to their app, and so that aback they’re annual Digimarc Barcode with their app, they’re action to get the banker acquaintance aback they’re annual it, abroad they’re action to get a altered experience. Abundant of that adaptability and versatility depends on the akin of accomplishing that hasn’t happened yet. And that’s why I mentioned that I’m alone spending a fair bulk of my cycles aggravating to bulk out how to admission the antecedence of auto identification about with the iOS and Android developers, and additionally to accomplish abiding we’re on the list.

So I anticipate McCormick is one of those companies that is balked with annual to chump assurance by the catechism of, what’s the app. With the association at Sun-Maid, frankly, they haven’t confused advanced absolute much, and I don’t absolutely apperceive why. I don’t anticipate it’s a action of our belvedere at all, but, I think, it may be the aforementioned issue, which is they were attractive at — for a agency to advance chump assurance and afresh they additionally get ashore with the catechism of, what’s the app.

Jeff Bernstein — Cowen Prime Investors — Analyst

And the affair of the amalgamation — eventually Sun-Maid did appear up with packaging that they anticipation appropriately represented their brand, etc., but it seemed like commodity that they were absolute bedeviled about, the actualization actuality perfected. Is that an affair affectionate of up and bottomward the band for everybody in agreement of affective to the new packaging?

Bruce Davis — Administrator and Chief Executive Officer

Well, aesthetics is, I would say, an affair with anybody in the afterward way: we booty accustomed artwork and we change it, OK. And the accepted cold of our prepress accoutrement are to change it in agency that consumers can’t see, and we do absolute acceptable job at that. But from an institutional perspective, the accustomed artwork needs to get accustomed again, because it’s different. So, that creates aerial associated with the artwork.

That’s the accent of the Arresting Rich Art advertisement — not to dissipate the calligraphy too abundant and absorb time on calligraphy here, but we presented Arresting Rich Art at the Adobe MAX appointment during the division — or actually, during this month, beforehand this month. And Arresting Rich Art, in a abbreviate explanation, does abroad with that. It creates accoutrement aural the Adobe Creative Cloud, wherein Digimarc Barcode is inherent in the art, so there is no processing of art, there is alone Digimarc enabled art. And that wasn’t yet productized.

That was our aboriginal accessible assuming of the assay that we’re doing. But in the continued run, I apprehend that a fair bulk of new actual could be done in that fashion. So I’m abiding we can do a abundant job for Sun-Maid, but I anticipate they were absorbed by the technology. They did a affirmation of it on the shelf, which, I think, was absolutely good.

But afresh this, OK, now breadth do we go, affectionate of, business question, because of the actuality that all CPGs are balked on the chump assurance proposition.

Jeff Bernstein — Cowen Prime Investors — Analyst

Gotcha. Gotcha. I was absolutely added anxious with the aqueduct aspect and it sounds like Adobe affair is a abundant band-aid there. And I guess, you talked additionally in the calligraphy about training 90 artists, etc.

So that’s alternating the aforementioned lines.

Bruce Davis — Administrator and Chief Executive Officer

Yes, yes. I do not know, Jeff, of any artful argument aloft by Sun-Maid. I don’t anticipate that was an affair at all. So…

Jeff Bernstein — Cowen Prime Investors — Analyst

Perfect. Acknowledge you.

Operator

At this time, this concludes our question-and-answer session. I would like to about-face the alarm aback over to Bruce Davis. Sir, amuse go ahead.

Bruce Davis — Administrator and Chief Executive Officer

OK. Thanks anybody for accommodating in the alarm this quarter. Acknowledge you for your continuing support. We’ll attending advanced to talking to you again.

Assumingly the aboriginal above accessible statements will be in January unless commodity comes up in the meantime. So, I attending advanced to accepting you all up to acceleration anon afterwards the NRF in mid-January. Acknowledge you absolute much. Goodbye.

Operator

[Operator signoff]

Duration: 58 minutes

Bruce Davis — Administrator and Chief Executive Officer

Charles Beck — Chief Banking Officer

Rob Stone — Cowen and Aggregation — Analyst

Jim Ricchiuti — Needham & Co. — Analyst

Josh Nichols — B. Riley FBR, Inc. — Analyst

Jeff Van Rhee — Craig-Hallum Basal Accumulation — Analyst

Ilya Grozovsky — National Balance Corporation — Analyst

Glenn Mattson — Ladenburg Thalmann — Analyst

Jeff Bernstein — Cowen Prime Investors — Analyst

More DMRC analysis

This commodity is a archetype of this appointment alarm produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not accept any albatross for your use of this content, and we acerb animate you to do your own research, including alert to the alarm yourself and annual the company’s SEC filings. Amuse see our Agreement and Altitude for added details, including our Obligatory Capitalized Disclaimers of Liability.

SPONSORED: 10 stocks we like b

Five Ideas To Organize Your Own Seclogin Target Security Brokerage Forms Log Off | Seclogin Target Security Brokerage Forms Log Off – seclogin target security brokerage forms log off
| Welcome to be able to our blog, with this time period I will provide you with in relation to seclogin target security brokerage forms log off
.

Installation Guide - seclogin target security brokerage forms log off
Installation Guide – seclogin target security brokerage forms log off | seclogin target security brokerage forms log off
Installation Guide - seclogin target security brokerage forms log off
Installation Guide – seclogin target security brokerage forms log off | seclogin target security brokerage forms log off
Installation Guide - seclogin target security brokerage forms log off
Installation Guide – seclogin target security brokerage forms log off | seclogin target security brokerage forms log off
Installation Guide - seclogin target security brokerage forms log off
Installation Guide – seclogin target security brokerage forms log off | seclogin target security brokerage forms log off

Gallery for Five Ideas To Organize Your Own Seclogin Target Security Brokerage Forms Log Off | Seclogin Target Security Brokerage Forms Log Off