5/8/2025

speaker
Conference Operator
Operator

day and welcome to the Info System Holdings, Inc. Reports First Quarter 2025 Financial Results Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your touchtone phone. To withdraw your question, please press star, then two. Please note this event is being recorded. I would now like to turn the conference over to Joe Dorme, Managing Partner. Please go ahead.

speaker
Joe Dorme
Managing Partner

Good morning and thank you for joining us today to review Info System's first quarter 2025 financial results ended March 31, 2025. With us today on the call are Rich Diorio, outgoing Chief Executive Officer, Carrie Lee Chance, Chief Operating Officer and incoming CEO, and Barry Steele, Chief Financial Officer. After the conclusion of today's prepared remarks, we will open the call for questions. Before we begin with prepared remarks, I would like to remind everyone certain statements made by the management team of Info System during this conference call constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Except for the statements of historical fact, this conference call may contain forward-looking statements that involve risks and uncertainties, some of which is detailed under risk factors in documents filed by the companies with the Securities and Exchange Commission, including the annual report on Form 10K for the year ended December 31, 2024. Forward-looking statements speak only as of the date the statements were made. The company can give no assurance that such forward-looking statements will prove to be correct. Info System does not undertake and specifically disclaims any obligation to update any forward-looking statements except as required by law. Now I'd like to turn the call to Rich Diorio, Chief Executive Officer of Info System.

speaker
Rich Diorio
Outgoing Chief Executive Officer

Rich? Thank you, Joe, and good morning, everyone. Welcome to Info System's first quarter 2025 earnings call. Thank you all for joining us today. This will be my last earnings call as I pass the CEO gavel to my successor and Info System's next CEO, Carrie Lachance. As I said when we announced the succession plan, I have absolute confidence in Carrie's abilities, her knowledge of the company and our various business initiatives, and the support that she has within the ranks of the organization. Carrie will do a great job seeing to the execution of our growth opportunities and leading the company into what I believe is a very bright future. Before my departure, I wanted to say what an honor it has been serving as Info System's Chief Executive Officer for the past seven and a half years. During my tenure, Info System has faced and overcome many challenges, including COVID, each time coming back stronger than before. We have more than doubled revenue since 2018 while successfully diversifying our business and growth opportunities. This is largely due to the significant new partnerships we have created, including those with GE Healthcare, Smith and Nephew, and Sonera MedTech. Each of these partnerships have validated the growing role Info System can play in providing healthcare solutions, particularly those related to medical devices and solving complex distribution and revenue cycle challenges for our key partners. I believe the progress that the team has made over the last several years was reflected in the company's strong 2024 second half earnings results, and I am very pleased that we see a continuation of the positive trend in the first quarter of 2025. I will now pass the microphone to Carrie, who will give her overview of the quarter.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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