Loop Media, Inc.

Good afternoon everyone, and thank you for participating in today's conference call to discuss LOOP Media's financial results for the 2024 fiscal second quarter, ended March 31, 2024. Joining us today are LOOP's interim CEO, Justice Keogh, former CEO and co-founder, Mr. John Nierman, and the company's CFO, Mr. Neil Watanabe. By now, everyone should have access to the 2024 Fiscal Second Quarter Earnings Press Release, which the company issued earlier today at approximately 4.05 p.m. Eastern Time. The release is available in the Investor Relations section of Loop's website at www.loop.tv. In addition, this call will also be available for webcast replay on the company's website. Following management remarks, there will not be a Q&A session. Certain comments made on this conference call and webcast are considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. These forward-looking statements are also subject to other risks and uncertainties that are described from time to time in the company's filing with the SEC. Do not place undue reliance on any forward-looking statements which are being made only as of this date of this call. Except as required by law, the company takes no obligation to revise or publicly release the results of any revision to any forward-looking statements. The company's presentation also includes certain non-GAAP financial measures including adjusted EBITDA, a supplemental measures of performance of our business. All non-GAAP measures have been reconciled to the most directly comparable GAAP measures in accordance with SEC rules. You'll find reconciliation charts and other important information in the earnings press release and form 8K furnished to the SEC. I would now like to turn the call over to Mr. John Neerman.

Thank you, and good afternoon, everyone. On March 18th, we announced significant changes to our organization that we believe will provide the framework to making the company more competitive in the CTV for Business digital out-of-home industry. The chairman of the board and members of the management team determined that executing operational changes is prudent to accelerate the company's potential path to break even and operating profitability. As part of those changes, after co-founding the company and serving as its CEO for the first 10 years, I have stepped down as CEO to focus my time and attention on revenue generation and other outward-facing areas. I'm excited to hand the CEO reins over to the next generation of leadership for Loop, Justice Kao. Justice has been an invaluable and well-respected member of our team from the beginning. Along with other organizational changes affecting several parts of our company, we also announced the departure of our chief revenue officer and our chief operating officer, both of whom have since exited the company. The timing was right for changes at this level. We were very fortunate to have a team of talented and experienced executives who helped us grow from a couple of million dollars in revenue to over $30 million in a fairly short period of time. But different people are often required for different phases of a company's evolution. As we move into the next phase of our evolution, we believe it is time for the leadership and operation changes mentioned above and in our public filings. I believe we have great potential and that executing these changes is prudent to accelerate the company's potential path to break even and operating profitability. We continue to believe that we are still at the beginning of the growth curve in the streaming for business, CTV for out-of-home venues market, and Loop Media is helping to lead the way. Pioneering requires patience and the ability to navigate inevitable obstacles like we have had to endure over the past year or more. I have and will stay engaged in the company as part of the leadership team and a member of the board of directors. However, my responsibility will change to a focus on driving the revenue of our company as well as the expansion of our distribution footprint. These are the most critical areas to address and stay focused on where the board believes I can be of most value to the company, and I'm pleased with the initial progress we've made trying to address certain immediate needs over the past month. I'm also pleased to have a trusted copy now at the helm of the company, along with an incredible team that makes up the Loop Media family. With that said, I would like to publicly hand over the earnings call to our new CEO, Justice Teo.

Take it away, Justice. Thank you, John. I'm very excited to have the opportunity to work with the entire Loop team in our ongoing efforts to try and create shareholder value. Since my appointment, I focused my attention on those areas of the business where we can look to increase revenues, leverage our fixed and variable expenses, and improve profitability. Certain of the changes that John referred to a short while ago and that are outlined in our 10Q periodic report for the period ended March 31st, 2024 should move us further along that path. I'm looking forward to sharing with you in the future more of the actions that will be taken to try and achieve our objectives. With that, I will turn the call over to Neil to take you through our financial results. Neil?