speaker
Thomas Forte
Analyst, DA Davidson

Please be advised that today's conference is being recorded.

speaker
Conference Operator
Conference Call Operator

If you require any further assistance during the call, please press star then zero on your touchtone telephone. I would now like to hand the conference over to your speaker today, Mr. Jeff Matejka from Ellipsis IR. Thank you. Please go ahead.

speaker
Jeff Matejka
Investor Relations, Ellipsis IR

Thank you and welcome. With me on the call today are William J. Ruhanna, Chairman and Chief Executive Officer, and Chris Mitchell, Chief Financial Officer, to review the results of the fourth quarter and full year 2019, as well as provide a business update and an update on Crackle+. Following this discussion, there will be a moderated Q&A session open to the participants on the call. During this call, management will make forward-looking statements. Forward-looking statements include but are not limited to statements regarding expectations, intentions, and strategies regarding the future. Included in these risks are forward-looking statements based on management's current expectations and assumptions and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from projected results. Given these uncertainties, listeners are cautioned not to place undue reliance on any forward-looking statements contained in this conference call. Please refer to the cautionary text regarding forward-looking statements contained in the earnings release, which also applies to the content of this call. Additional risk disclosures can be found in the company's violence with the SEC. As a reminder, on May 14, 2019, Chicken Soup for the Soul Entertainment created a subsidiary with Sony Pictures Television, launching Crackle+. On today's call, management will make comments on certain gap-based and non-gap pro forma financial information of the combined company that includes Crackle's financial results for the relevant periods prior to the closing date as if the acquisition occurred on January 1, 2018. The non-gap financial measure the company uses is adjusted EBITDA. Management believes that adjusted EBITDA provides useful information in that it excludes amounts that are not indicative of the company's core operating results and ongoing operations and provides a more consistent basis for comparison between periods. The earnings release contains a reconciliation of adjusted EBITDA to net income or loss, which is the most directly comparable gap measure. Please refer to the company's filed Amendment No. 1 to the current report on Form 8-KA, filed with the Securities and Exchange Commission on July 30, 2019, for further details relating to historical financial statements of Crackle, Inc. and pro forma financial information of Crackle+. If you have not had the chance to review this Form AKA, now would be a good time to retrieve it. We also refer you to our annual report on Form 10-K for the year end of 2019, which is being filed with the SBC today. I would now like to turn the call over to Bill Ruhanna, Chairman and CEO. Bill, please go ahead.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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