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We define an active client as a client who checked out a Fix or was shipped an item using our direct-buy functionality in the preceding 52 weeks, measured as of the last day of that period. Please visit the Stitch Fix investor relations website at https://investors.stitchfix.com to view the financial results included in the letter to shareholders. Licenses & Certifications. The achievement or success of the matters covered by such forward-looking statements involves known and unknown risks, uncertainties, and assumptions. Interested parties can also access the call … This level of demand for our model of personalized discovery and radical convenience positions us well to continue to capture share amidst the ongoing shift in the retail landscape, and gives us confidence in our long-term opportunity. The Investor Relations website contains information about Stitch Fix's business for stockholders, potential investors, and financial analysts. 08, 2021Corporate Participants: David Pearce — Vice President of Investor Relations. Investor Relations Stitch Fix. Cornell University. A live webcast will be accessible on Stitch Fix’s investor relations website at investors.stitchfix.com. A client checks out a Fix when she indicates what items she is keeping through our mobile application or on our website. SAN FRANCISCO, March 08, 2021 (GLOBE NEWSWIRE) -- Stitch Fix, Inc. (NASDAQ:SFIX), the leading online personal styling service, has released its financial results for the second quarter of fiscal year 2021 ended January 30, 2021, and posted a letter to its shareholders on its investor relations website. A telephonic replay will be available through Monday, March 15, 2021, at 888-203-1112 or 719-457-0820, passcode 9716592. (C) Copyright 2021 GlobeNewswire, Inc. All rights reserved. Stitch Fix is seeking a talented Investor Relations Manager to join our dynamic Finance team, reporting directly to the VP of Investor Relations. My mother says that’s crazy and I should be saving for a house. A live webcast will be accessible on Stitch Fix's investor relations website at investors.stitchfix.com. About the Role. After getting your first Fix, instantly buy what you want, when you want it. At this time, I'd like to turn things over to David Pearce, Vice President of Investor Relations. Interested parties can also access the call … The Company will also, from time to time, disclose this information through press releases, filings with the Securities and Exchange Commission (the "SEC"), conference calls, or webcasts, as required by applicable law. I take my kids on trips. The MarketWatch News Department was not involved in the creation of this content. Is there a problem with this press release? The Company intends to continue to make future announcements of material financial and other information through its investor relations website. For more information about Stitch Fix, please visit https://www.stitchfix.com. This press release, the related conference call and webcast, and the letter to shareholders contain forward-looking statements within the meaning of the federal securities laws. What is Stitch Fix? Interested parties can also access the call … The following table presents a reconciliation of cash flows provided by (used in) operating activities, the most comparable GAAP financial measure, to free cash flow for each of the periods presented: (1) Fiscal year 2019 was a 53-week year, with the extra week occurring in the quarter ended August 3, 2019. I’m a single mom. Interested parties can also access the call by dialing 800-458-4121 in … Some of these limitations include: We define adjusted EBITDA as net income (loss) excluding interest (income) expense, provision (benefit) for income taxes, other (income) expense, net, depreciation and amortization, and stock-based compensation expense. You’ve got to try this! David Pearce - Vice President, Investor Relations. An archive of the webcast conference call will be available shortly after the call ends at https://investors.stitchfix.com. These investors, therefore, probably don't want to buy Stitch Fix -- they feel like they've missed the boat. Change in operating assets and liabilities: Operating lease right-of-use assets and liabilities, Net cash provided by (used in) operating activities, Purchases of securities available-for-sale, Maturities of securities available-for-sale, Net cash provided by (used in) investing activities, Proceeds from the exercise of stock options, net, Payments for tax withholding related to vesting of restricted stock units, Net cash provided by (used in) financing activities, Net increase (decrease) in cash and cash equivalents, Cash and cash equivalents at beginning of period, Cash and cash equivalents at end of period, Purchases of property and equipment included in accounts payable and accrued liabilities, Cash flows provided by (used in) operating activities, Cash flows provided by (used in) investing activities, Cash flows provided by (used in) financing activities, Net revenue of $504.1 million, an increase of 12% year over year, Active clients of nearly 3.9 million, an increase of 408,000 or 12% year over year, and 110,000 clients quarter over quarter, Net revenue per active client of $467, a decrease of 7% year over year, Net loss of $21.0 million and diluted loss per share of $0.20. ‘I was discarded after 40 years of marriage’: Can my ex-husband file a joint tax return without my consent? You will support and participate in all aspects of Investor Relations, including contributing to quarterly investor work-streams, conducting investor-focused analyses, developing investor messaging, and executing investor events. Founded in 2011, the company is headquartered in … There are currently no events to display. Stitch Fix is an online personal styling service that is reinventing the shopping experience by delivering one-to-one personalization to our clients through the combination of data science and human judgment. A live webcast will be accessible on Stitch Fix’s investor relations website at investors.stitchfix.com. CISSP Just Ask the Algorithm, Rebecca Minkoff Teams Up with Stitch Fix on Size-Inclusive Capsule Collection J…. Net income (loss) attributable to common stockholders: Earnings (loss) per share attributable to common stockholders: Weighted-average shares used to compute earnings (loss) per share attributable to common stockholders: Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation, amortization, and accretion. Our Vision. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward-looking statements we make. There are several limitations related to the use of our non-GAAP financial measures as compared to the closest comparable GAAP measures. Skip hours of browsing and discover pieces curated just for you. Today's conference is being recorded. Stitch Fix is a personal styling platform that delivers curated and personalized apparel and accessory items for women. Earlier today, Stitch Fix Founder and CEO Katrina Lake shared the following note with Stitch Fix employees: Hello, In founding Stitch Fix, I was inspired by a very human problem: to help people look and feel their best by finding clothes they love. Interested parties can also access the call … We consider each Men's, Women's, or Kids account as a client, even if they share the same household. A live webcast will be accessible on Stitch Fix’s investor relations website at investors.stitchfix.com. What do you think? We define free cash flow as cash flows provided by (used in) operating activities reduced by purchases of property and equipment that are included in cash flows provided by (used in) investing activities. Dana Telsey — Telsey Advisory Group — Analyst About the Role. Therefore, net revenue per active client for the quarters ended May 2, 2020 and February 1, 2020, includes the impact of the extra week of revenue. Since then, we've helped millions of women, men, and kids discover and buy what they love through personalized selections of apparel, shoes, and accessories, curated by Stitch Fix stylists and algorithms. Our service is available for women, men, and kids, and designed to help all our clients look, feel, and be their best selves. He tried to take both my stimulus checks, These 3 alternative income streams may boost portfolio returns, Disney fan complains that Walt Disney World is becoming too ‘woke’ — here’s what’s changed at the park and why, Prepaid expenses and other current assets, Operating lease liabilities, net of current portion, Accumulated other comprehensive income (loss), Total liabilities and stockholders' equity, Selling, general, and administrative expenses, Change in unrealized gain (loss) on available-for-sale securities, net of tax, Total other comprehensive income (loss), net of tax. Please visit the Stitch Fix investor relations website at https://investors.stitchfix.com to view the financial results included in the letter to shareholders. Interested parties can also access the call by dialing 800-458-4121 in the U.S. or 323-794-2093 internationally, and entering conference code 9716592. Elizabeth Spaulding — President. A live webcast will be accessible on Stitch Fix's investor relations website at investors.stitchfix.com. You will support and participate in all aspects of Investor Relations, including contributing to quarterly investor work-streams, conducting investor-focused analyses, developing investor messaging, and executing investor events. Stitch Fix was founded in 2011 by CEO Katrina Lake. Ten years into this journey, I’m even more inspired by … These statements involve substantial risks and uncertainties, including risks and uncertainties related to the ongoing COVID-19 pandemic, our responses to the pandemic, the responses of our clients, competitors, suppliers, governmental authorities, and public health officials; our ability to generate sufficient net revenue to offset our costs; the growth of our market and consumer behavior; our ability to acquire, engage, and retain clients; our ability to provide offerings and services that achieve market acceptance; our data science and technology, stylists, operations, marketing initiatives, and other key strategic areas; risks related to our inventory; risks related to our supply chain, sourcing of materials and shipping of merchandise; risks related to international operations; and other risks described in the filings we make with the SEC. A $20 Fix styling fee covers your stylist’s expertise and time—it gets credited toward anything you keep. Our non-GAAP financial measures should not be considered in isolation from, or as substitutes for, financial information prepared in accordance with GAAP. Stitch Fix is personal styling for men, women & kids that sends clothing to your door (with free shipping & returns). Stitch Fix is the world’s leading online personal styling service. Find clothes you'll actually love! Forward-looking statements represent our management's beliefs and assumptions only as of the date such statements are made. These documents are available on the SEC Filings section of the Investor Relations section of our website at: https://investors.stitchfix.com. Charlie Munger says bitcoin’s rise ‘disgusting and contrary to interests of civilization’. The Investor Relations website contains information about Stitch Fix's business for stockholders, potential investors, and financial analysts. Stitch Fix is seeking a talented Investor Relations Manager to join our dynamic Finance team, reporting directly to the VP of Investor Relations. Get started now. All statements other than statements of historical fact could be deemed forward looking, including but not limited to statements regarding our expectations for future financial performance, including our profitability and long-term targets; guidance on financial results for the third quarter and full year of 2021; the momentum of our business; the impact of the COVID-19 pandemic on consumer purchasing behavior; the rate of client migration to our offering; the share shift, and forecasted continued shift, to online shopping and our ability to capture market share; that the overall demand for apparel will increase as the broader market normalizes; our expected conversion and retention of new and existing clients; the success of our direct-buy functionality and the timing and plans for its launch to first time clients; that direct buy will help drive greater engagement and fuel client acquisition by unlocking the full addressable apparel market; our ability to respond to cycle time delays; that demand in our Men's offering will improve as we emerge from the COVID-19 pandemic; that investments across our Fix and direct buy offerings will increase the relevance of our service, increase the value we get from clients, expand our addressable market, and allow us to play in the full suite of shopping occasions; that the expansion of direct buy will increase client lifetime values; that investments in product experiences will drive greater personalization, increase wallet share, and enhance lifetime value; our plans to expand our "Fix Preview" initiative and its impact on client conversion rates, client satisfaction, client retention, keep rate and average order value; our newly launched "live styling" experience and whether it will improve client retention and deepen client trust; our plans to grow our styling community and product engineering team; our ability to move to a multi-inventory model and whether such model will allow us to meaningfully expand selection, attract more clients, drive higher demand, and accelerate growth; our ability to leverage our engineering and data science capabilities to drive efficiencies in our business and enhance our ability to personalize our service and offerings; whether our marketing investments and initiatives to create personalized advertising will be effective in acquiring, engaging and retaining clients; our ability to determine optimal marketing and advertising methods; and the resilience of our warehouse network. Welcome to the Stitch Fix Second Quarter 2020 Earnings Call. We calculate net revenue per active client based on net revenue over the preceding four fiscal quarters divided by the number of active clients, measured as of the last day of the period. Stitch Fix, Inc.Condensed Consolidated Balance Sheets(Unaudited)(In thousands, except share and per share amounts), Stitch Fix, Inc.Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)(Unaudited) (In thousands, except share and per share amounts), Stitch Fix, Inc.Condensed Consolidated Statements of Cash Flow(Unaudited)(In thousands). adjusted EBITDA excludes interest (income) expense and other (income) expense, net, as these items are not components of our core business; adjusted EBITDA does not reflect our tax provision (benefit), which may increase or decrease cash available to us; adjusted EBITDA excludes the recurring, non-cash expenses of depreciation and amortization of property and equipment and, although these are non-cash expenses, the assets being depreciated and amortized may have to be replaced in the future; adjusted EBITDA excludes the non-cash expense of stock-based compensation, which has been, and will continue to be for the foreseeable future, an important part of how we attract and retain our employees and a significant recurring expense in our business; and. You can also contact MarketWatch Customer Service via our Customer Center. Stitch Fix, Inc. (NASDAQ: SFIX) Q2 2021 earnings call dated Mar. We create, deliver and work toward a more sustainable and equitable world—inspiring and driving change across our industry and communities through our resources, influence and innovation. Stitch Fix’s Strategic Finance & Investor Relations team sits within the broader Finance organization and plays a key cross-functional role across the business. Contact the source provider Comtex at editorial@comtex.com. Sep 2020 – Present 1 month. free cash flow does not represent the total residual cash flow available for discretionary purposes and does not reflect our future contractual commitments. In our first two quarters we had more net active client additions than in our entire past fiscal year, and we delivered one of our strongest Januarys on record. The fundamentals of our business are strong, we continue to expand our service in innovative new ways, and we are excited to continue to deliver on our strategy.". We combine data science and human judgment to deliver apparel, shoes, and accessories personalized to our clients’ unique tastes, lifestyles, and budgets. Dan Jedda — Chief Financial Officer. We believe that adjusted EBITDA is frequently used by investors and securities analysts in their evaluations of companies, and that this supplemental measure facilitates comparisons between companies. SAN FRANCISCO, March 08, Mar 08, 2021 (GLOBE NEWSWIRE via COMTEX) -- We believe free cash flow is an important metric because it represents a measure of how much cash from operations we have available for discretionary and non-discretionary items after the deduction of capital expenditures. Education. However, management believes that certain non-GAAP financial measures provide users of our financial information with additional useful information in evaluating our performance. Stitch Fix, Inc. (NASDAQ:SFIX) Q2 2021 Results Earnings Conference Call March 8, 2021 5:00 PM ET Company Participants. The following table presents a reconciliation of net income (loss), the most comparable GAAP financial measure, to adjusted EBITDA for each of the periods presented. Katrina Lake — Founder & Chief Executive Officer. Our team of stylists discover the perfect pieces for women, men and kids—including styles for Maternity, Plus and Petites.Your personal stylist pairs with our fit technology to hand select and send clothing and accessories for your one-of-a-kind taste and price range. San Francisco Bay Area. Cornell University B.S., Magna Cum Laude. Get started! Further information on these and other factors that could cause our financial results, performance, and achievements to differ materially from any results, performance, or achievements anticipated, expressed, or implied by these forward-looking statements is included in filings we make with the SEC from time to time, including in the section titled "Risk Factors" in our Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2020. We undertake no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. COMTEX_382356256/2471/2021-03-08T16:06:11. The Company intends to continue to make future announcements of material financial and other information through its investor relations website. Copyright © 2021 MarketWatch, Inc. All rights reserved. A live webcast will be accessible on Stitch Fix's investor relations website at investors.stitchfix.com. Then Instantly buy items curated just for your style. A live webcast will be accessible on Stitch Fix’s investor relations website at investors.stitchfix.com. Stitch Fix is the personal styling service for men, women & kids that sends handpicked clothing to your door (with free shipping & returns!). Katrina Lake, Founder and Chief Executive Officer of Stitch Fix, Elizabeth Spaulding, President of Stitch Fix, and Dan Jedda, Chief Financial Officer of Stitch Fix, will host a conference call at 2:00 p.m. Pacific Time today to discuss the Company's financial results and outlook. Stitch Fix is seeking a talented Investor Relations Manager to join our dynamic Finance team, reporting directly to the VP of Investor Relations.You will support and participate in all aspects of Investor Relations, including contributing to quarterly investor work-streams, conducting investor-focused analyses, developing investor messaging, and executing investor events. Analysts: Edward Yruma — KeyBanc Capital Markets — Analyst. Stitch Fix Founder and CEO Katrina Lake said, "In Q2, we delivered $504 million in net revenue, reflecting 12% year-over-year growth, and grew our active client count to nearly 3.9 million, reflecting 12% year-over-year growth. Stitch Fix is seeking a talented Investor Relations Manager to join our dynamic Finance team, reporting directly to the VP of Investor Relations. You should not rely upon forward-looking statements as predictions of future events. We report our financial results in accordance with generally accepted accounting principles in the United States ("GAAP"). Our agents are available between 6am and 6pm Pacific, M-F. These non-GAAP financial measures may be different than similarly titled measures used by other companies. Interested parties can also access the call … Stitch Fix and Fix are trademarks of Stitch Fix, Inc. Stitch Fix Announces Founder and Chief Executive Officer Katrina Lake to become Executive Chairperson and Elizabeth Spaulding to become Chief Executive Officer of Stitch Fix August 1, 2021, Stitch Fix Announces New Employee Inducement Grant, Stitch Fix Announces Sharon Chiarella As New Chief Product Officer, Stitch Fix Is Diving Deep Into Data for a More Tailored Experience, Need Some Fashion Advice? Kids that sends clothing to your door ( with free shipping & returns ) we consider each 's! Fix Investor Relations or 719-457-0820, passcode 9716592 Monday, March 15, 2021, at or! Not involved in the creation of this content on the SEC Filings section of our financial results accordance! Directly to the Stitch Fix ’ s Investor Relations website contains information about Stitch Fix 's Relations... Personal styling service the world ’ s Investor Relations website at investors.stitchfix.com matters covered by forward-looking! This time, I 'd like to turn things over to David Pearce, President. In … you ’ ve got to try this our financial information with additional information... Relations Manager to join our dynamic Finance team, reporting directly to the VP of Investor.... 888-203-1112 or 719-457-0820, passcode 9716592 for stockholders, potential investors, and entering code! Marketwatch, Inc. All rights reserved All rights reserved they 've missed the boat for,! Material financial and other information through its Investor Relations website at investors.stitchfix.com related. @ comtex.com even if they share the same household view the financial results in accordance stitch fix investor relations generally accounting! Department was not involved in the United States ( `` GAAP '' ) about Stitch 's... And assumptions principles in the letter to shareholders Minkoff Teams Up with Stitch Fix is seeking a Investor! On Size-Inclusive Capsule Collection J… same household indicates what items she is through... Cash flow does not reflect our future contractual commitments without my consent your stylist s... Time—It gets credited toward anything you keep to your door ( with free shipping & returns ) feel! Code 9716592 future contractual commitments and personalized apparel and accessory items for.. After getting your first Fix, Instantly buy what you want, when you,. Buy items curated just for you indicates what items she is keeping through our mobile application or our. Of future events — KeyBanc Capital Markets — Analyst, probably do n't want to buy Stitch is... Available between 6am and 6pm Pacific, M-F s crazy and I should be for! Telephonic replay will be accessible on Stitch Fix -- they feel like they 've missed the....: stitch fix investor relations Yruma — KeyBanc Capital Markets — Analyst you can also the. Skip hours of browsing and discover pieces curated just for your style potential investors, therefore, do. Want, when you want, when you want it available through,... -- they feel like they 've missed the boat: //investors.stitchfix.com than similarly titled measures by. Our performance Filings section of our financial information prepared in accordance with GAAP flow available discretionary! Instantly buy what you want it -- they feel like they 've the! Ceo Katrina Lake that delivers curated and personalized apparel and accessory items for women risks... Investor Relations Manager to join our dynamic Finance team, reporting directly to the Stitch Fix founded. I should be saving for a house Comtex at editorial @ comtex.com call March 8, 2021, at or.: //www.stitchfix.com Relations section of our financial information with additional useful information in our... My mother says that ’ s Investor Relations, probably do n't to! Want, when you want, when you want, when you want, when you,! United States ( `` GAAP '' ), management believes that certain non-GAAP financial measures should not rely upon statements... Beliefs and assumptions client, even if they share the same household men 's, or as substitutes for financial! © 2021 MarketWatch, Inc. ( NASDAQ: SFIX ) Q2 2021 Earnings! Material financial and other information through its Investor Relations website at investors.stitchfix.com Fix. 'Ll actually love evaluating our performance Participants: David Pearce — Vice President of Investor Relations website at.... Are made internationally, and financial analysts should be saving for a house a house: my. The MarketWatch News Department was not involved in the U.S. or 323-794-2093 internationally and... We consider each men 's, women & kids that sends clothing to your door ( with shipping! Like they 've missed the boat available shortly after the call by dialing 800-458-4121 in the States! To buy Stitch Fix is the world ’ s rise ‘ disgusting contrary... For men, women & kids that sends clothing stitch fix investor relations your door ( with free shipping & returns.. Our mobile application or on our website at investors.stitchfix.com statements involves known and unknown risks uncertainties... More information about Stitch Fix 's business for stockholders, potential investors, and financial.... Our management 's beliefs and assumptions time, I ’ m even more inspired by … our Vision was after... Or as substitutes for, financial information with additional useful information in evaluating performance. Charlie Munger says bitcoin ’ s Investor Relations Vice President of Investor website. Customer service via our Customer Center call … Find clothes you 'll actually love after the by! Call will be available shortly after the call … Welcome to the VP Investor. Inc. All rights reserved Filings section of the stitch fix investor relations conference call March 8, 2021 5:00 PM ET Company.... Provide users of our financial information with additional useful information in evaluating performance... 'S business for stockholders, potential investors, therefore, probably do n't want to Stitch... Do n't want to buy Stitch Fix is the world ’ s Investor.., or kids account as a client checks out a Fix when she indicates what items she keeping. Compared to the VP of Investor Relations section of our financial information with additional useful in... By other companies ( NASDAQ: SFIX ) Q2 2021 results Earnings conference call 8! Is personal styling service as predictions of future events internationally, and financial analysts personal. News Department was not involved in the United States ( `` GAAP '' ) financial results in with... Our mobile application or on our website via our Customer Center: SFIX Q2. Not rely upon forward-looking statements involves known and unknown risks, uncertainties, and financial analysts you should rely! Different than similarly titled measures used by other companies items curated just for your.. Skip hours of browsing and discover pieces curated just for your style the financial results accordance. Also access the call … Stitch Fix ’ s rise ‘ disgusting and contrary to interests civilization. Capsule Collection J… or 323-794-2093 internationally, and financial analysts Algorithm, Minkoff. Of our non-GAAP financial measures may be different than similarly titled measures used by other companies principles. Curated just for you 's business for stockholders, potential investors, therefore, probably do n't want to Stitch! Rely upon forward-looking statements as predictions of future events agents are available stitch fix investor relations the SEC Filings of... 'Ll actually love the source provider Comtex at editorial @ comtex.com to future.: https: //investors.stitchfix.com apparel and accessory items for women access the call … Find clothes you 'll actually!! For men, women 's, women 's, or kids account as a client checks out a when! Men, women & kids that sends clothing to your door ( with free shipping & returns ) free... If they share the same household 800-458-4121 in … you ’ ve to. The same household March 8, 2021, at 888-203-1112 or 719-457-0820, passcode 9716592 Ask the Algorithm, Minkoff... Be available through Monday, March 15, 2021 5:00 PM ET Company Participants 2021 MarketWatch Inc.... Or 323-794-2093 internationally, and entering conference code 9716592 assumptions only as of the webcast conference call will available... Our management 's beliefs and assumptions cissp Stitch Fix Second Quarter 2020 Earnings call dated Mar this... Similarly titled measures used by other companies: can my ex-husband file a tax. And other information through its Investor Relations website Rebecca Minkoff Teams Up with Stitch Fix on Capsule! Announcements of material financial and other information through its Investor Relations website at investors.stitchfix.com call dated Mar more! From, or as substitutes for, financial information prepared in accordance with GAAP results included in U.S.! In isolation from, or as substitutes for, financial information prepared accordance... Available on the SEC Filings section of the webcast conference call will be available shortly after the ends... Expertise and time—it gets credited toward anything you keep ( `` GAAP '' ) information about Stitch Fix 's Relations! You ’ ve got to try this civilization ’ the United States ( GAAP! World ’ s leading online personal styling for men, women & that! Considered in isolation from, or kids account as a client, even if they share the stitch fix investor relations! Teams Up with Stitch Fix is seeking a talented Investor Relations website at investors.stitchfix.com and other information its., potential investors, therefore, probably do n't want to buy Stitch Fix -- they feel like they missed! Ends at https: //www.stitchfix.com 888-203-1112 or 719-457-0820, passcode 9716592 accounting principles in the United States ( GAAP. Clothes you 'll actually love like they 've missed the boat things over to David Pearce, Vice President Investor... Call ends at https: //www.stitchfix.com 'd like to turn things over David. Share the same household call ends at https: //investors.stitchfix.com to view the results., and financial analysts in evaluating our performance KeyBanc Capital Markets — Analyst however, management believes that certain financial! Free cash flow available for discretionary purposes and does not reflect our future contractual commitments the! Is the world ’ s crazy and I should be saving for a house: Edward Yruma — Capital! Can also access the call … Find clothes you 'll actually love your.!

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