Vinco Ventures, Inc.

Greetings. Welcome to the Vinco Ventures first quarter 2022 earnings call. At this time, all participants are in a listen-only mode. 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 your host, Greg McNiff, Investor Relations for Vinco Ventures. You may begin.

Thank you, operator. Good afternoon and welcome to Vinco Ventures' first quarter 2022 financial results conference call. I'm Greg McNiff, investor relations for Vinco Ventures. Vinco released results for the first quarter 2022, ended March 31st, 2022, this afternoon after the market closed. If you did not receive a copy of our earnings press release, you may obtain it from the investor relations section of our website, at investors.vincoventures.com. With me on the call today will be Lisa King, Vinco's Chief Executive Officer, and Philip Jones, Vinco's Chief Financial Officer. Certain matters we will be discussing today, including our growth strategy and expected growth opportunities and performance centered around the Lamotive platform, as well as certain transactions we expect to complete to fuel our growth, are forward-looking statements. Such statements are subject to the risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties are discussed in our documents filed with the SEC, including our quarterly report on Form 10-Q for the period ended March 31, 2022, filed earlier today. And with that, I'd like to turn the call over to Lisa.

Thank you, Greg. Good afternoon, and thank you, everyone, for joining us. We're very pleased to report the positive momentum from our fourth quarter continued into Q1. We more than quadrupled revenue from the year-ago quarter, largely due to our acquisition of AdRiser. But even without AdRiser, revenue rose 51% from the first quarter of 2021. We're continuing our transition into a global content-driven ecosystem, and we'll do so with our core pillars to entertain, engage, and endorse which each help enrich the Vinco ecosystem. We aim to entertain broad global audiences with compelling content, engage users with rich experiences on our platforms, and create unique opportunities to endorse and advertise brands through our marketing platform and through artist, creator, and influencer relationships. In February, we completed our acquisition of AdRiser, an advertising platform utilizing artificial intelligence, and proprietary technology for analytics and programmatic real-time media buying. Vinco revenue increased 349.7% from the first quarter of 2021 to 11.5 million, reflecting the impact of the inclusion of AdRiser. Also, the plan to integrate AdRiser's technology for ad placements throughout the LeMotive app has gone very smoothly. Testing is currently in progress, and our beta launch is near. We believe that AdRiser, in conjunction with Honey Badger, our digital commerce company, will help us continue to grow and strengthen our engagement and impressions across our ecosystem and beyond. LeMotive, our short-form video and music social media app, continues to focus on user engagement in the U.S. and internationally through distinctive partnerships, particularly in live entertainment. During the quarter, we continued our efforts to promote and expand the user base of our Lamotus app and related digital properties as we live streamed the Shacks Funhouse event in February and the Okeechobee Music Festival in March. And just this past weekend, Lamotus live streamed events at EDC Las Vegas where we hosted Grimes and Snoop Dogg. Vinco also announced May 18th, 2022 as the record date for the planned spinoff of Cryptide into a separate publicly traded company. Upon the closing of the spinoff, investors who hold BBIG stock through the distribution date of May 27, 2022, will receive one share of the new company for every 10 shares of Vinco Ventures. This spinoff also included some of our legacy businesses as we continue our transition to a global content-driven ecosystem. Through strategic initiatives and growth, we'll continue to focus on enriching the lives of our users, viewers, our clients, our community, and our shareholders through our core pillars to entertain, engage, and endorse. I'm encouraged by our positive progress in the first quarter and look forward to continuing to execute our vision for Vinco Ventures in the coming months and beyond. Now I'd like to turn it over to Phil, who can provide a more granular insight into our financial results. Thank you for your time, everyone. Over to you, Phil.