The Singing Machine Company, Inc.

Hey everyone and welcome to today's Singing Machine Reports first quarter earnings. At this time all participants are in a listen only mode. Later you will have the opportunity to ask questions during the question and answer session. You may register to ask a question at any time by pressing the star and the number one on your touch tone phone. You may withdraw yourself from the queue by pressing star and the number two. Please note this call is being recorded. I will be standing by if you should need any assistance. It is now my pleasure to turn the conference over to Mr. Brendan Hopkins. Please go ahead.

Thank you, and thank you for joining us, everyone. We have a brief safe harbor, and then we'll get started. Except for historical information contained herein, the statements in this conference call are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from forecasted results. With that said, I would like to turn the call over to Gary Atkinson, CEO of The Singing Machine.

Thank you, Brendan. Good morning, everyone. This is Gary Atkinson, company CEO. I want to thank everyone this morning that has made the time to participate in our first fiscal quarter earnings call today. I'm joined this morning by Lionel Marquis, company CFO, and Bernardo Melo, company chief revenue officer. I want to start by saying we are extremely thrilled at the first quarter results for a lot of reasons. This was the first first quarter in company history where we were able to achieve positive income from operations. It's always been our goal as a company to be less reliant on holiday sales and smoothen out the seasonality of our quarters. This first quarter was a tremendous step towards that goal. Before I turn the call over to Lionel to discuss the numbers for the most recent quarter, I wanted to share some thoughts around the direction of The Singing Machine and where we are headed as a company. Today, karaoke as an activity remains highly popular. We're very fortunate that our core audience for karaoke spans across a very wide spectrum of ages, cultures, nationalities, and languages. Truly anyone with a voice can sing. In the news, we've seen announcements from giant automotive brands like Tesla that have implemented karaoke functionality and microphones in their cars. From what we understand, it is a very popular feature. Additionally, karaoke has always been and continues to be at the forefront of pop culture and entertainment, with longstanding shows like American Idol, The Voice, America's Got Talent, and recently The Masked Singer. A strong case can be made that karaoke is an evergreen activity that will never disappear. We believe karaoke as an experience extends well beyond the home. As we have seen with our Carpool Karaoke microphone, karaoke is something that can be readily enjoyed in the car. It is also something that is very commonly experienced in bars, lounges, restaurants, and is also a very popular online as a virtual experience. As such, we are actively exploring how to reposition ourselves from the leader in home karaoke machines to the leaders in community, karaoke community, and culture. This is why you will hear us talking about new initiatives, new products, new services, all things designed to provide a fantastic end user experience centered on music, experience, and joy. Going forward, we will be excited to provide more concrete updates on the technology and initiatives that should enable our team to dramatically expand the reach and impact on the global karaoke community. At this point now, I'd like to turn the call over to Lionel to discuss our impressive results of operations for the first quarter.