As we noted on our last conference call, the COVID-19 pandemic created a global disruption in economic activity. Due to this decrease in global economic activity, as well as local restrictions, temporary business shutdowns, and social distancing practices, many of our VIPs and potential VIPs closed their offices during 2020. While revenues growth flattened during March and April of 2020, our expenses were also reduced due to our disciplined management of expenses.

May 17, 2021 / CEO / receipt, needs a key / Kirk Huntsman, CEO | earnings call 2021-05-17 | transcript 4fd0032d-4d1b-4460-8d2e-6ce58e0e06db | chars 23593-24061 | segment 23