Moving iMage Technologies, Inc.

Greetings. Welcome to Moving Image Technologies' fourth quarter and year-end fiscal 2023 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to Brian Siegel, Senior Managing Director. Thank you. You may begin.

Thank you, Operator. Good morning, and welcome to Moving Image Technologies Earnings Conference Call Webcast. With me today is Chairman and CEO, Phil Rasmussen, who will provide an industry overview, co-founder and Executive VP of Sales and Marketing, Joe Delgado, who will provide a strategy and business overview, and our CFO, Bill Green. For those of you that have not seen today's release, it is available on the Investor section of our website. Before beginning, I would like to remind everyone that except for historical information, The matters discussed in this presentation are forward-looking statements that involve several risks and uncertainties. Words like believe, expect, anticipate mean that these are our best estimates as of this writing, but that there can be no assurances that expected or anticipated results or events will actually take place. Actual future results could differ materially from those statements. Further information on the company's risk factors is contained in the company's quarterly and annual reports filed with the SEC. Now I'd like to turn the call over to Phil. Take it away.

Thank you, Brian, and thank you all for joining us today. I'm Phil Rafson, CEO of Moving Image Technologies, or MIT. As you look at MIT as an investment, industry and company-specific factors will contribute to our future performance. First, I'll address the cinema industry tailwinds, and then Joe will discuss why we're so excited about the future, where we are introducing potentially disruptive technologies into cinema technology. esports, stadiums, arenas, and other live entertainment venues. Historically, our business has been driven by new technology and technology upgrade cycles. We are currently in the early days of one right now, where the cinema owners are starting to upgrade their technology that is coming to the end of its useful life with newer technologies, such as laser projectors with upgraded servers, new screens, and sound systems being purchased to replace these Additionally, we are seeing cinema owners build new theaters and upgrade or refurbish older ones. These new theaters often include new amenities, such as dine-in, bars, and more, all with the idea of making going to the movies a destination experience. From an industry growth standpoint, as I've discussed previously on these calls, COVID took its toll on the industry. Over the past two years, we have returned to a more normalized environment, with the box office originally expected to approach pre-pandemic levels this year. Unfortunately, the Hollywood strike will cap the upside here this year, but we are seeing an expansion of another trend by theater owners to bring in business, showing non-movie content, whether it's sports, esports, or concerts. An example is AMC partnering with Taylor Swift to show her concerts in theaters. Before returning the call over to Joe, I'd like to thank our dedicated employees. Without them, we would not be in what I believe is the strongest position we've ever been in as a company from an operational, financial, product, and competitive perspective. Thank you. Joel?