Boxlight Corporation

and welcome to the BoxLight Corporation first quarter financial results call. At this time, all participants are on a listen-only mode. A question and answer session will follow the formal presentation. You could submit a question via the web at any time by typing them in the ask a question field. We will also be having a telephone Q&A for analysts And if you would like to ask a question on that, you may press star 1 on your telephone keypad. Please note, this conference is being recorded. I will now turn the conference over to our host, Mr. Jeff Stanliss of FNK IR. You may begin.

Thank you, Operator, and thank you, everyone, for joining us today. Earlier today, Foxlight issued a press release providing an operational update and discussing financial results for the first quarter ended March 31, 2024. The release is available on the investor relations section of the company's website at www.boxlight.com. Hosting the call today are Dale Strang, Chief Executive Officer, and Greg Wiggins, the company's Chief Financial Officer. Before we begin, I'd like to remind participants that during the call, management will be making forward-looking statements. These statements may contain information about BoxLight's view of its future expectations, plans, and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements. As a result of a variety of factors, including, but not limited to, risks and uncertainties associated with its ability to maintain and grow its business, variability of operating results, its development and introduction of new products and services, marketing and other business development initiatives, and competition in the industry, among other things. BoxLight encourages you to review other factors that may affect future results and performance in BoxLight's filings with the Securities and Exchange Commission. The company does not undertake and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur, except as required by law. And with that, I'd like to turn the call over to Dale Strang, CEO of BoxLight. Dale, the call is yours.

Thank you, Jeff, and thank you to everyone joining us today. This was my first full quarter as chief executive at BoxLight. I transitioned from the board of directors to this position in early January of this year. I came to the role with the belief that BoxLight was an excellent company in an attractive market, but I was also convinced that the company needed to refocus on reliable, efficient execution, especially in the face of changing market conditions. These beliefs have been confirmed. We're hard at work on focus initiatives to make those improvements a reality. We've already made significant progress in those efforts. We've eliminated approximately $5 million in our fixed costs, which is all part of the process of streamlining both our product lines and our work processes, while at the same time simplifying our overall go-to-market strategy. Our first quarter results reflect the benefit from our renewed operational focus. For example, we delivered positive adjusted EBITDA, exceeding our internal expectations,