Intelligent Protection Management Corp.

Good afternoon, and welcome to the Q1 2026 Financial Results Conference Call for Intelligent Protection Management Corporation, better known as IPM, for their quarter-ended March 31, 2026. At this time, all participants have been placed on a listen-only mode. Let me turn the floor over to Joe Dorme of Litham Partners. Joe, please proceed. Thank you.

Good afternoon and welcome to all participating on today's call to review the financial and operating results of IPM for the first quarter ended March 31st, 2026. As the operator indicated, my name is Joe Dorme. I'm with Lithum Partners. By now, everyone should have access to the earnings results press release, which was issued after the close of the market today. This call is being webcast and will be available for replay. During the course of this call, management will include statements that are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements about future results of operations, business strategies and plans, IPM's relationships with its customers, as well as market and potential growth opportunities. In addition, management will make forward-looking statements in response to your questions. Forward-looking statements are based on management's current knowledge and expectations as of today and are subject to certain risks and uncertainties and assumptions related to factors that may cause actual results to differ materially from those anticipated in the forward-looking statements. These expectations and beliefs may not ultimately prove to be correct. A detailed discussion of such risks and uncertainties is contained in IPM's filings with the SEC, including its annual report on Form 10-K for the year ended December 31, 2025. You should refer to and consider these factors when relying on such forward-looking information. The company does not undertake and expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise. except as required by law. On this call, management will refer to adjusted EBITDA, a non-GAAP measure that, when used in combination with GAAP results, provides investors with additional analytical tools to understand the company's operations. For adjusted EBITDA, management has provided a reconciliation to the most directly comparable GAAP financial measures in the earnings press release, which has been posted on on the Investor Relations section of the company's website at www.ipm.com. I'm joined today by Jason Katz, IPM's Chief Executive Officer, Jared Mills, IPM's President, and Kara Jenning, IPM's Chief Financial Officer. After Jason's remarks, we will hear from Kara, and then we will conclude with investor questions that were sent in advance of today's call. At this time, I'd like to turn the call over to Jason Katz, Jason, take it away.

Thanks, Joe, and good afternoon, everyone. We greatly appreciate you taking the time to join us on today's call. We are off to a good start in 2026 with solid top-line growth as total revenue increased by over 15%. The increase in revenue was fueled by a 19% increase in our core managed information technology services and a 78.4% increase in procurement revenue in the first quarter of 2026. Managed IT revenue for the quarter was driven by a mix of new customers and the expansion of services sold to existing customers. Procurement revenue can be uneven throughout the year as it is the result of our customers both replacing existing hardware as well as purchasing new hardware in connection with new projects, which projects are generally tied to customer budgets that are often higher early in the calendar year. We are gaining traction in our business development efforts as our team takes steps to become more efficient and effective in marketing our services in highly regulated businesses, particularly in the healthcare, legal, finance, and banking markets where we believe we have competitive advantages over our peers. Loss from operations decreased by over 42% compared to the prior year period. The year-over-year change from net income to net loss of 182% was primarily driven by the absence of a non-recurring tax benefit recognized in the prior year period. Management believes that adjusted EBITDA is another useful measure in assessing our performance, which improved year over year by over 65 percent due to stronger revenue and continued operational efficiencies. We remain focused on advancing the integration of our comprehensive portfolio of IT solutions for managed IT security services secure private cloud hosting, managed backup and disaster recovery, professional services, web hosting, and other managed services. Additionally, we are expanding functionality through strategic partnerships that we believe accelerate our customers' AI capabilities and strengthening our long-term growth profile. We are collaborating with third parties to integrate artificial intelligence and predictive analytics capabilities into our platform, enabling IPM customers to leverage AI-driven insights within existing data environments. In addition, our partnership with Missouri Therapeutics is designed to support advanced AI in order to provide accelerated results that enhance automation and system integration capabilities, improving workflow efficiency and scalability. These partnerships are intended to strengthen our technology offerings, accelerate scalable growth, strengthen customer retention, and enhance the long-term value we deliver across our platform for our client base. We are highly focused on being a trusted advisor, delivering successful outcomes and creating value for our customers. In addition to growing our business organically, we will continue to explore strategic opportunities, including potential mergers or acquisitions of other entities or assets that are synergistic to our businesses. We believe we are well positioned to integrate operations that are synergistic with our core operations that can be acquired at reasonable valuations to provide greater returns for our loyal stockholders. We look forward to building on our solid first quarter results throughout the rest of calendar 2026. In other developments during Q1 2026, we execute an extension of our existing Phoenix data center co-location license agreement with an industry-leading data center provider through August of 2032. We entered into a strategic partnership with Missouri Therapeutics, an advanced AI platform that accelerates results by reducing costs, complexity, and time for small and medium AI models, allowing organizations to save significantly by decreasing necessary code development and providing AI-related benefits. We successfully achieved SOC 2 Type 1 compliance, a key milestone in our commitment to safeguard customer data and deliver trusted cybersecurity and cloud infrastructure solutions. I will now turn the call over to Kara Jenny, our Chief Financial Officer, for a review of the numbers. Kara?