LogicMark, Inc.

Good day, my name is Chantelle and I will be your conference operator today. At this time, I would like to welcome everyone to the LogicMark second quarter financial results and corporate update conference call. As a reminder, today's conference call is being recorded. All lines have been placed on mute to prevent any background noise. After your speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, please press star one again. Thank you. I would now like to turn the call over to Louie Thoma from Core IR, the company's investor relations firm.

Good afternoon, and thank you for participating in today's conference call. Joining me from LogicMark's leadership team are Shailen Simmons, Chief Executive Officer, and Mark Archer, Chief Financial Officer. During this call, management will be making forward-looking statements, including statements that address LogicMark's expectations for future performance or operational results. The forward-looking statements involve risk and other factors that may cause actual results to differ materially from those statements. For more information about these risks, please refer to the risk factors described in LogicMark's most recently filed annual report on Form 10-K and subsequent periodic reports filed with the FCC and LogicMark's press release that accompanies this call, particularly the cautionary statements. in it content on this call contains sensitive time sensitive information that is accurate only as of today august 11 2022 except as required by law logic mark disclaims any obligation to publicly update or revise any information to reflect events or circumstances that occur after this call it is now my pleasure to turn the call over the company's ceo charlotte timmons

Thank you, Louie. Welcome, everyone, and thanks for joining us. The second quarter was another success, as we grew our revenues by 21% over the prior year quarter, while continuing to execute on our strategy of building solutions that address the growing care economy. Our relationship with the Veterans Health Administration remains solid, contributing to our healthy sales growth. As an approved GSA vendor, we've had the opportunity to generate additional governmental-related business at the federal, state, and local agency level, increasing our sales opportunity to drive future revenue growth. In July, we launched our new direct-to-consumer sales channel through our newly designed website, where consumers can buy products directly from LogicMark. This launch opens up the new D2C sales channel that I have talked about in past calls, and expand our market opportunity. Currently, the website includes several products for sale, including our Guardian Alert, Guardian Alert 911+, Freedom Alert models, as well as various related accessories. We will be adding new products as they become available. This new channel will enable us to establish deeper connections with our end customers by being directly involved in product sales. This direct relationship will provide the opportunity to sell additional products and accessories and should positively impact future revenue growth and profit. Recently, we added two senior sales professionals and upgraded our sales leadership, beefing up our investments in this important area. As we establish our product roadmap, having a solid sales infrastructure will be critical in successfully getting these products to market. This investment will establish a foundation to support strong revenue growth over time. Given the current market dynamics, we are in a position to capitalize on some very strong market trends. Here are a few. We're currently in the midst of a silver tsunami. With 10,000 baby boomers turning 65 daily, the demand for technology that supports a growing care economy is increasing rapidly. The expected CAGR of this total aging in place market is 13% in a total care economy that is about 24 billion. Research has shown that 90% of people that are over 50 want to age in place, setting the stage for strong demand for years to come. Our mission is to protect the personal experience of living life to the fullest. At LogicMark, we don't believe that aging is a frailty. We believe aging is a gift to be enjoyed and relished. Our job is to remove the worry of aging independently for everyone involved by providing a direct connection to the loved ones and the help that they need. We're excited about this opportunity and continue to work hard to provide new innovative solutions that address the care economy. We look forward to updating you with new announcements as we progress with these initiatives. Since joining the company in June of last year, My mission has been to position LogicMark for success. We have set and shared our objectives and have established a track record of successfully achieving those goals. One, my first goal was to improve the financial condition of the company and execute to drive substantial revenue growth. Two, we have established a new direct-to-consumer channel to drive additional sales opportunities and have begun to build a new sales team. Three, we have improved corporate governance and cost management. Four, we have expanded our intellectual property portfolio and also added experienced personnel to our management team and our board of directors. These accomplishments highlight that we are successfully executing on our strategy, building credibility with our stakeholders, and laying a solid foundation to launch new products. We are excited about the progress that we have made to date. but have just started to scratch the surface. I'll now pause and ask Mark Archer to discuss our second quarter financial results, and then I'll return to provide some closing remarks.