Health In Tech, Inc.

Good day, ladies and gentlemen. Thank you for standing by, and welcome to the Health in Tech first quarter of 2025 earnings conference call. Currently, all participants are in a listen-only mode. Later, we will conduct a question and answer session, and instructions will be follow at that time. As a reminder, we are recording today's call. If you have any objections, you may disconnect at this time. Now, I will turn the call over to Lori Babcock, Chief of Staff of the company. Ms. Babcock, please proceed.

Thank you, Operator, and hello, everyone. Welcome to Health and Tech's first quarter of 2025 Earnings Conference Call. Joining us today are Mr. Tim Johnson, Chief Executive Officer, and Ms. Julia Chen, Chief Financial Officer. Full details of our results can be found in our earnings press release and in our related Form 10-Q to be filed with the SEC. These documents will be available on our Investor Relations website at healthintech.investorroom.com. As a reminder, today's call is being recorded and a replay will be available on our IR website as well. Before we continue, please note that today's discussion includes forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on information available as of today and involve risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied, including those discussed in our quarterly report on Form 10-Q for the period ending March 31, 2025, to be filed with the SEC. Please review the forward-looking and cautionary statements section at the end of our earnings release for various factors that could cause actual results to differ materially from forward-looking statements made during our call today. We undertake no obligation to update and expressly disclaim the obligation to update these forward-looking statements to reflect events or circumstances after the date of this call or to reflect new information or the occurrence of unanticipated events. We may also refer to certain financial measures not in accordance with generally accepted accounting principles, such as adjusted EBITDA for comparison purpose only. Our GAAP results and reconciliations of GAAP to non-GAAP measures can be found in our earnings press release. With that, I now turn the call over to our CEO, Mr. Tim Johnson. Tim?

Thanks, Lori. Good afternoon, everyone, and welcome to our first quarter 2025 earnings call. I'm excited to share that Q1 marked a strong start for 2025. We achieved $8 million in revenue, reflecting 56% year-over-year growth, and generated $0.7 million in income before income tax, a 257% increase compared to the same period last year. The number of enrolled employees on our platforms also rose to 24,307, up from 20,802 in Q1 2024. This performance underscores the strength of our platforms, the effectiveness of our strategic initiatives, and the accelerating demand for our innovative self-funded healthcare solutions. One of the most pivotal developments this quarter was the continued advancement of our AI-backed underwriting capabilities within the eDIBS platform, designed to support mid- to large-sized businesses with over 150 employees. Since initiating beta development of our large group AI-backed Underwriting solution in November 24, we've seen strong interest from the market. Even in its early stages, we successfully delivered solutions to large employers, including employers with over 1,000 employees. We're on track for a full-scale rollout in Q3, making a major step forward in expanding our market reach. This launch will not only elevate our technology and product offerings, it positions us to capture an entirely new segment of the self-funded market that often lacks comparable technology solutions. By bringing greater speed, intelligence, and automation to the underwriting at scale, we seek to unlock powerful new revenue opportunities and substantially increase our total addressable market in 2025 and beyond. In Q1, we also announced our strategic collaboration with DialCare, a leading provider of telehealth and virtual care solutions. Through this collaboration, DialCare's virtual primary care therapy and psychiatric services will be integrated into health and tech self-funded health plan offerings. Members across the U.S. will gain on-demand access to licensed physician therapists and psychiatric providers via phone or video consultation. This collaboration not only enhances our mission to deliver smarter, more accessible healthcare solutions for diverse populations, but also strengthens our ability meet the evolving needs of today's workforce by making high-quality care more convenient, accessible, and responsive. We also made a significant progress in expanding our broker network this quarter. The number of active brokers on our platform reached 459, more than doubling the 192 in the same period last year. This growth reflects increasing interest from our brokerage community that appreciates the value of our platform and the efficiency it brings. Our focus remains on onboarding high-performing brokers who are committed to digital transformation and understanding the competitive advantage of our quoting platform, EDIPS. By equipping our broker partners with fast, accurate, and customizable quoting tools, we aim to better empower them to close more deals quickly while delivering transparent, tailored plan options to their employers. In addition, we're happy to welcome Sanjay Shrestha, To our board of directors, Sanjay brings an exceptional track record of scaling platform businesses and driving growth in both the energy and technology sectors. He also brings deep capital markets experience, having previously served as a top-ranked renewables research analyst at Lazard Capital Markets and First Albany Capital. We look forward to leveraging Sanjay's strategic insights and leadership as we continue executing on our vision of removing friction from the U.S. healthcare system. As we continue to build strong foundations for long-term growth, we remain focused on helping our customers navigate today's challenging environment. In light of current microeconomic challenges, the employers, businesses are under growing pressure to manage their costs. We're here to help, to provide solutions to manage healthcare costs and improve efficiency. As we move forward, our focus remains on accelerating our growth roadmap. That means continuing to develop innovative programs and enhancing the capabilities of our eDIPS platform. Our goal is for eDIPS to become every broker's go-to destination for healthcare insurance, providing fast, intelligent, customizable solutions that address the industry's most pressing pain points. We believe this commitment will continue to set us apart and deliver lasting value to our customers and partners. Thank you again for being part of this exciting journey with us. Now I'd like to turn the call over to our Chief Financial Officer, Julia Chen, to walk through our Q1 2025 financial results. Julia?