DocGo Inc.

Greetings and welcome to the DocGo fourth quarter and full year 2022 earnings conference call. At this time, all participants are in a listen-only mode. A brief 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. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mike Cole, Vice President of Investor Relations. Thank you, Mike. You may begin.

Thank you, Operator. Before turning the call over to management, I would like to make the following remarks concerning forward-looking statements. All statements in this conference call other than historical facts are forward-looking statements. The words anticipate, aim, believe, estimate, expect, intend, guidance, confidence, target, project, and other similar expressions are used to typically identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and may involve and are subject to certain risks and uncertainties and other factors that may affect DOTCO's business, financial condition, and other operating results. These include but are not limited to the risk factors and other qualifications contained in DOTCO's annual report on Form 10-K, quarterly reports filed on Form 10-Q, and other reports and statements filed by DOTCO with the SEC to which your attention is directed. Actual outcomes and results may differ materially from what is expressed or implied by these forward-looking statements. In addition, today's call contains references to non-GAAP financial measures. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are provided directly as part of this call or included in the earnings release, which is posted on our website, stockgo.com, as well as in our filings with the Securities and Exchange Commission. The information contained in this call is accurate as of only the date discussed. Investors should not assume that statements will remain relevant and operative at a later time. We undertake no obligation to update any information discussed in this call in the future. At this time, it is now my pleasure to turn the call over to Mr. Anthony Capone, CEO of DOTCO. Anthony, please go ahead.

Thank you, Mike. Looking back on 2022, we did an exceptional job at meticulously replacing substantial mess COVID testing revenue streams with a variety of new programs while laying the foundation for continued profitable growth in 2023 and beyond. In 2022, we generated revenues of $440.5 million, up from $318.7 million in 2021, a growth rate of 38%. Excluding mass COVID testing revenues, we grew 75% year over year. Our initial revenue guidance at the start of last year was for 400 to 420 million with 35 to 40 million in adjusted EBITDA and we are proud to have exceeded both of these measures. Along with our 2022 results today, we are introducing 2023 guidance of 500 to 510 million in revenue and 45 to 50 million in adjusted EBITDA. Our gross margin expectations for the year are 35%. Gross margin is expected to be slightly below that rate in Q1 and Q2, then improving approximately 50 to 75 basis points per quarter over the course of the year. We expect to finish 2023 at an annual rate for gross margin of approximately 37%, and an adjusted EBITDA margin of approximately 13%. Our target consolidated gross margin over the longer term remains at 40%. We are sharing our backlog today for the first time, which we define as projects that have been awarded but not yet started or fully implemented. Our current backlog stands at $180 million over three years. We anticipate this backlog to be fully rolled out by the end of the third quarter this year. This backlog gives us excellent visibility into 2023 revenue and allows us to provide 2023 revenue guidance with a high degree of confidence. At this time, I'm going to hand it over to Lee Beanstock, our President and Chief Operating Officer, to provide an update on some of our key growth initiatives.