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Data I/O Corporation
7/27/2023
Good afternoon and welcome to the Data.io second quarter 2023 financial results conference call. All participants will be in listen-only mode. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on your telephone keypad. To withdraw your question, please press star, then 2. We ask that you limit yourself to one question and one follow-up. And if there are any remaining questions, please rejoin the queue. Please note this event is being recorded. I will now let you turn the call to Jordan Darrow, Investor Relations. Please go ahead, sir.
Thank you, Operator, and welcome to the Data.io Corporation's second quarter 2023 financial results conference call. With me today are the company's President and CEO, Anthony Ambrose, and Joel Hatland, Chief Operating Officer and Chief Financial Officer, as well as Jeremy Eng, Vice President of Finance. Before we begin, I'd like to remind you that statements made in this conference call concerning COVID-19, future revenues, results from operations, financial position, markets, economic conditions, silicon chip shortages, supply chain expectations, estimated impact of tax and other regulatory reform, product releases, new industry partnerships, and any other statements that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties, and other factors which may cause actual results to differ materially from those expressed or implied by such statements. These factors include uncertainties as to the impact of COVID-19, including the 2022 outbreaks in China, Russian war with Ukraine, including any related international trade restrictions, along with continued reopening and recovery efforts within the relevant global supply chains and among our customer base, levels of orders for the company, and the activity level of the automotive and semiconductor industry overall. ability to record revenues based on the timing of product deliveries and installations, market acceptance of new products, changes in economic conditions and market demand, part shortages, pricing, and other activities by competitors and other risks, including those described from time to time in the company's filings on forms 10-K and 10-Q with the Securities and Exchange Commission, press releases, and other communications. The accuracy and completeness of forward-looking statements should not be unduly relied upon. Data I.O. is under no duty to update any of these forward-looking statements. And now I would like to turn the call over to Anthony Ambrose, President and CEO of Data.io.
Anthony Ambrose Thank you very much, Jordan. I'll begin my formal remarks by addressing our 2023 second quarter financial and operational performance, and then I'll turn the call over to Joel Hatlin for a more detailed look at our numbers. With us today on today's earnings call for the first time is Jerry Eng, who joined the company as our Vice President of Finance on July 1st. Effective August 16th, 2023, he'll become our CFO, succeeding Joel Hatlin, who, as we previously disclosed, is retiring after 30-plus years with the company. Until that time, Joel will be handling the full second quarter reporting cycle and driving a smooth transition, including serving in an advisory capacity after the end of the second quarter reporting cycle. On a personal note, I'd like to thank Joel for his many years of service to the company and its shareholders. and to acknowledge his professionalism, expertise, and unparalleled character. He's played a pivotal role in defining who we are today and setting us up on our future course. Our staff, customers, partners, and shareholders hold him in the highest regard, and on behalf of everyone, we'll be wishing him well in retirement. As for our incoming CFO, Jerry Yang, he's really hit the ground running, and we look forward to his contributions moving forward. With that, Jerry, would you like to introduce yourself?
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