Brand Engagement Network Inc. (BNAI) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the Brand Engagement Network, Inc.' 's second quarter 2025 earnings conference call. Today's call is being recorded. At this time, all participants are in a listen-only mode. After management's prepared remarks, we will open the call for question and answer session. Before we begin, please note that during this call, our speakers may make forward-looking statements regarding future results and performance. please refer to the cautionary language included in Ben's filings with the Securities and Exchange Commission, included in their Form 10-K and 10-Q for additional information concerning factors that could cause actual results to differ materially from those forward-looking statements. I would now like to turn the call over to Tyler Luck, Acting CEO and Co-Founder of Brand Engagement Network. Tyler, please go ahead. Thank you, operator, and thank you all for joining us today. I'd like to begin by addressing the timing of this report. While our Q2 TANQ filing was delayed, I want to be clear that this was not the result of negative financial performance. Instead, the delay reflected deliberate decisions to strengthen the company's foundation. First, We focused on reducing ongoing expenses by negotiating with prior and existing vendors to ensure we operate with greater financial discipline. Second, we made positive management changes, including re-engagement with our trusted outside accounting firm that supported us from 2021 to 2024, while continuing with our independent audit firm. These steps required time, but were taken to build confidence in our financial processes. I've been with this company since day one. I know our technology, our customers, and our mission. And I can tell you that the entrepreneurial spirit at Bend is alive and...