Cinedigm Corp

Good day, ladies and gentlemen. Today we are hosting a conference call to discuss Synodyme preliminary first quarter fiscal 22 results. 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. And please note that this conference is being recorded. I will now turn the conference over to your host, Ms. Laura Kiernan, head of investor relations for Synodyme. Please go ahead.

Thank you, John. Good afternoon, everyone, and welcome to Cenedigm's fiscal 2022 first quarter preliminary results conference call. Before we begin, I would like to point out that certain statements made on today's call contain forward-looking statements. These statements are based on management's current expectations and are subject to risks, uncertainties, and assumptions. Potential risks and uncertainties that could cause the company's business and financial results to differ materially from these forward-looking statements are described in the company's periodic reports filed with the SEC from time to time. All of the information discussed on this call is as of today, September 2nd, and Cenedigm undertakes no duty to update it. In addition, certain financial information presented on this call represent non-GAAP financial measures. With us today, we have Chris McGurk, the Chairman and CEO, Eric Rapica, Chief Strategy Officer and President of Cenedigm Networks, Gary Lofredo, Chief Operating Officer, General Counsel and President, Synodyme and Synema Equipment Businesses, and Yolanda Macias, Chief Content Officer, all of whom will be available for questions following the prepared remarks. I will now turn the call over to Chris Mechert to begin.

Thank you, Laura. Welcome, everyone, and thanks for joining us on the call today. We're going to keep our prepared remarks very brief today, since we've had several updates with you recently, including the full year fiscal 21 results conference call, our presentation at Sedoti, the detailed shareholder note I sent out in advance of our annual meeting, and the new investor presentation we just posted. So, this quarter, we are once again reporting record results. We're in a great position as a company, situated squarely in the middle of the fastest growing segment of the global entertainment business, streaming. Our streaming revenues increased 181% this quarter, including 301% growth in the all-important ad-supported streaming revenue business. And we have a very strong balance sheet now with zero debt. So there's an enormous opportunity now for Synodyne to leverage this very strong financial and business position to continue this very rapid growth, and all of it supported by what I consider to be an exceptional management team that we continue to enhance. We generated total revenues this quarter of just over $15 million, a 149% increase over the prior year. This was driven by our triple-digit streaming growth, which we generated despite a traditionally seasonally slow streaming quarter. and also from the recognition of digital equipment revenues from our sales agreement with AMC. That gives us great momentum heading into the next two quarters, which are seasonally stronger than this quarter. And we generated net income of $5.0 million, or three cents per share, this quarter. Another key strong indicator of our building financial momentum. And all of our key streaming operating metrics, which Eric will review in just a minute, are shooting through the roof. So I won't steal his thunder by going through them now. Instead, let me just comment on our management team. I believe one of Synodyne's greatest assets is the exceptional executive team we've assembled over the last few years. And I consider it to be one of the best in the business. It's a key underlying reason for all of the quality deals and partnerships we've been announcing recently and for our business and financial success. As a well-positioned, rapidly growing company with a high potential public currency, we will continue to enhance the team by attracting high-quality industry management. Expect more announcements in that regard soon. And we also continue to enhance our board. The recent addition of Ashok Armitage, a vastly experienced and respected producer, filmmaker, and UN Goodwill ambassador, is a very clear example of this. Now I'll hand things over to Eric Opica, who will speak to our streaming business and strategy. Eric?