Banzai International, Inc. (BNZI) Q2 2025 Earnings Call

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WEBVTT 00:00:00.000 -- 00:00:03.920 We appointed Dean Ditto as Chief Financial Officer, bringing over 30 years of experience 00:00:03.920 -- 00:00:08.420 as a strategic financial leader with a track record of implementing critical business 00:00:08.420 -- 00:00:12.760 initiatives that drive profitable growth at both public and private companies. 00:00:12.760 -- 00:00:17.800 We also appointed Michael Kurtzman as Chief Revenue Officer, veteran revenue and -to-market 00:00:17.800 -- 00:00:23.580 executive to scale Bonsai's leading video engagement, production and webinar solutions. 00:00:24.240 -- 00:00:29.520 Our customer base expanded to over 140,000 total customers and we secured 00:00:29.520 -- 00:00:34.720 expanded agreements with RBC Capital Markets and other prominent enterprises for OpenRio. 00:00:34.720 -- 00:00:39.840 This reflects our strategy of expansion in the enterprise and an example of one of the 00:00:39.840 -- 00:00:44.000 key sectors where we're providing value. 00:00:46.760 -- 00:00:51.200 We entered 2025 with a key set of strategic priorities and we're making meaningful progress 00:00:51.200 -- 00:00:56.140 on our goals. First, we've rapidly paid down and converted debt in recent quarters and 00:00:56.140 -- 00:00:59.940 intend to opportunistically continue reducing balance sheet leverage. 00:00:59.940 -- 00:01:03.720 Our existing lenders are receptive to conversions and early pay down provisions. 00:01:03.720 -- 00:01:07.380 Organic growth and expense management have provided an opportunity to continue improving 00:01:07.380 -- 00:01:09.860 the company's cash position. 00:01:09.860 -- 00:01:13.260 Second, M&A continues to be an important piece of our growth strategy. 00:01:13.260 -- 00:01:17.740 We follow a well-defined, repeatable process that en...