Everbridge, Inc.

Good morning and welcome to the first quarter 2023 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star and two. Please note this event is being recorded. I would now like to turn the conference over to Nandan Amaldi. Please go ahead.

Thank you, Sandra. Thank you, and good morning, everyone. Welcome to Everbridge's earnings call for the first quarter of 2023. With me on today's call are Everbridge's President and CEO, David Wagner, and Executive Vice President and CFO, Patrick Brickley. Before the market opened, we issued our earnings release, which can be accessed on the Investor Relations section of our website at ir.everbridge.com. This call is being recorded and a replay of the teleconference will be available on our IR page at the conclusion of today's event. During today's call, we will make forward-looking statements regarding future events or the financial performance of the company that involves certain risks and uncertainties. The company's actual results may differ materially from the projections described in such statements. Factors that might cause such differences include, but are not limited to, those discussed in our Forms 10-Q and 10-K, as well as other subsequent filings with the SEC. Information provided on this call reflects our perspective only as of today and should not be considered representative of our views as of any subsequent date. We explicitly disclaim any obligation to update any forward-looking statements or our outlook. Also during today's call, we will refer to certain non-GAAP financial measures, a reconciliation of our GAAP to non-GAAP financial measures is included in our earnings press release, which you can find on our Investor Relations website. Our earnings press release includes highlights from our first quarter of 2023, in addition to our financial results and outlook. After we review our business and financial highlights, we will open the call for questions. With that, let me turn the call over to Dave. Dave?

Thank you, Nandan. Good morning, everyone, and welcome to Everbridge's earnings call for the first quarter of 2023. I am pleased with the strong financial results that we've released earlier this morning. For the first quarter, we achieved revenue of $108.3 million, an increase of 7.9% year over year, adjusted EBITDA of $15.9 million, an increase of $13.3 million from a year ago, and annual recurring revenue of $388 million, which is up $4 million quarter over quarter, and 10% year over year. The impact of our 2022 restructuring is evident in our financial results, and we are continuing to improve our execution across the organization. In the quarter, we had the opportunity to celebrate our company's 20th anniversary with some of our customers and partners in New York City as we officially unveiled Everbridge's Evolved brand. It was a special day that allowed us to highlight our longstanding commitment to keeping people safe and organizations running. In the two decades since the company's inception, we've captured a market-leading share of the critical event management market and scaled our platform to reach billions of people globally. We are honored to count 6,500 of the world's leading organizations as our customers, including 25 countries who use us for their countrywide alerting systems. One of the keys to our success is that we offer a comprehensive resilience platform that is incredibly powerful. It has the ability to notify millions of people nearly instantaneously when a critical event occurs. As many of you listening today are likely aware, several weeks ago there was an incident that occurred leading to an emergency test alert being sent out to the phones of many Florida State residents very early in the morning. The alert was the result of a human procedural error. It was not a failure of our software platform. Our software system delivered the message as designed and instructed. That's the good news. The bad news is a live message was inadvertently sent to millions of residents' cell phones instead of a notification sent only to Florida broadcasters. We regret the inconvenience this test caused the residents of Florida, and we are committed to the state of Florida and to Florida Department of Emergency Management as a partner, as we are with all of our customers, to continue to improve and ensure best practices are applied. We further demonstrated this commitment as we agreed with FDEM to rescind the early termination of our agreement and extend our contract through the end of the calendar year to ensure that the people of Florida are protected through the upcoming hurricane season. Our core mission is to keep people safe. We remain focused on the mission as job one for the residents of Florida and all of our customers globally. Switching back to our results, evidenced by our strong year-over-year EBITDA growth and double-digit ARR growth, we are making solid progress on our long-term growth and profitability goals as we execute toward the Rule of 40. Accordingly, we remain confident in our financial outlook for the year, including delivering on our baseline 6% to 7% revenue growth and $85 million in adjusted EBITDA in 2023. I will now turn the call over to our CFO, Patrick Brickley, to provide details on our financial results. Patrick?