5/9/2023

speaker
Mike
Conference Call Operator

Greetings. Welcome to the Crescendo first quarter 2023 earnings conference 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 that this conference is being recorded. I will now turn the conference over to your host, Jeff Korn. You may begin.

speaker
Jeff Korn
CEO

Thank you, Mike. Good afternoon, everyone, and welcome to the Crescendo Q1 2023 conference call. On the call with me today are Doug Gaylor, our president and COO, Ron Vincent, our CFO, John Britton, our CRO, and Anand Bush, our CSO. Also joining us today is Steve Mihailo, our chairman of the board. And I don't know how the hell you got in here, Steve, because I changed the locks. But seriously, I thank Steve. He very kindly wanted to give me a key. Now I know who I should start hiring. I mean, no. I'm only kidding. Obviously, I'm very grateful that Steve came here to show his support for me and the team on our first call going solo. So, what I'm going to do is ask Luke to go ahead and read the Safe Harbor statement. After that, I'll give some brief comments. Ron will provide more detail on the numbers, and Doug will provide a business update after that. And then I'll open up the call for questions. So, Luke, would you please read the Safe Harbor?

speaker
Luke
Safe Harbor Statement Reader

Thanks, Jeff. Before we begin, we would like to remind everyone that our prepared remarks contain forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for such forward-looking statements. The words believe, expect, anticipate, estimate, will, and other similar statements of expectation identify forward-looking statements. Specific forward-looking statements in this conference call include information about Crescendo, Believing the top line performance in the first quarter was the result of continued execution from our legacy business, as well as recent acquisitions. Remaining concentrated on successfully integrating the acquired companies and leading new initiatives designed to drive great organic growth and bottom line results for our combined organization. Continuing to make great strides in improving the operational efficiency of the business and building a lean infrastructure that is capable of supporting growth. increasing both the quality and quantity of offerings, supporting expanded sales efforts to drive additional revenues through new sales to new customers and add-on sales to existing customers, prioritizing the profitability of the business and cutting expenses where necessary to maintain a strong financial footing, and looking forward to building on the momentum and further cementing its position as a leading provider in the UCAS industry. For a more detailed discussion of risk factors that may affect Crescendo's operations and results, please refer to the company's form 10-K for the year ended December 31st, 2022, and quarterly form 10-Qs as filed with the SEC. These forward-looking statements speak only as of the date on which such statements are made, and the company undertakes no obligation to update such forward-looking statements except as required by law. I will now turn the call back over to our CEO, Jeff Korn. Jeff?

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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