Pason Systems Inc. (PSI) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

The content of today's call are protected by copyright and may not be reproduced without the prior written consent of Payson Systems, Inc. Please note the advisory is located at the end of the press release issued by Payson Systems yesterday, which would describe forward-looking information. Certain information about the company that is discussed on today's call may constitute forward-looking information. Additional information about Payson Systems, including the risk factors relevant to the company, can be found on its annual information form. Thank you. And good morning, everyone. My name is Kelsey, and I'll be your conference operator for today's call. At this time, I would like to welcome everyone to the Payson Systems, Inc. First Quarter 2026 Earnings Call. All lines have been placed on mute to prevent any background noise. And after the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, just simply press star then the number one on your telephone keypad. If you'd like to withdraw your question, please press star two. Thank you. Missy Lynn Boston, CFO, you may begin your conference. Thank you, Kelsey. Good morning, everyone, and thank you for attending PayPal's 2026 first quarter conference call. I'm joined on today's call by John Thaler, our president and CEO. I'll start today's call with an overview of our financial performance in the first quarter. John will then provide a brief perspective on the outlook for the industry and for Paython, and will then take questions. Paython generated consolidated revenue of $102.4 million in the first quarter of 2026, a 9% decrease from $113.2 million in the first quarter of 2025. The year-over-year decline requests lower drilling and completion of industry acti...