The Singing Machine Company, Inc.

Good day, everyone, and welcome to today's Singing Machine third quarter earnings goal. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask a question during the question and answer session. You may register to ask a question at any time by pressing star 1 on your touchtone phone. You may withdraw yourself from the queue by pressing star 2. Please note that this call may be recorded. I will be standing by if you should need any assistance. It's now my pleasure to turn the conference over to Mr. Brendan Hopkins. Please go ahead.

Thank you, and thank you, everyone, for joining us today. We have a brief safe harbor, and then we'll get started. So 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. Morely, these statements involve known and unknown risks and uncertainties that may cause our actual results in the future period to differ materially from forecasted results. With that said, I would like to turn the call over to Gary Atkinson, CEO of the City Machine Company.

Thank you, Brendan. Good morning, ladies and gentlemen. As Brendan mentioned, my name is Gary Atkinson. I am the City Machine CEO, joined this morning by Lionel Marquis, company CFO. I'd like to thank everybody for taking the time to be part of our third quarter earnings call today to discuss the results of the December 31st, 2022 quarter. First, I'd like to provide context around our sales numbers for the quarter and the seasonality of our business for those that are not as familiar with our annual sales patterns. Despite our wholesale selling numbers for this quarter, demand for consumer karaoke products remained very strong. The real challenge to this quarter was timing and getting our products into retail. Normally, our sales cycle is heavily driven by daily demand, which gradually depletes inventory from our allotted shelf space. At this point, we do our best to replenish inventory on the shelves during the non-peak months. Primarily in fiscal year Q2 and fiscal year Q3, our retailers bulk up on inventory as needed in preparation for the holiday season. Last calendar year, that traditional sales cycle was partially disrupted by the lingering effects of the COVID-19 pandemic and supply chain disruptions. It was a buildup of retail inventory on the shelves at the end of the first quarter of calendar 2021, which slowly started to make the retailers gradually more cautious throughout the rest of the year. This trend was not unique to our business and affected most year-round brands that sell into retail. As a result, we saw sales become increasingly front loaded over the calendar year. We are pleased, however, to report that we did experience very strong retail at sell-through numbers for the products that we were able to place. Simply put, the quantities of inventory that we were able to get onto retail shelves sold well. This was despite retailers' concerns and reactions to the elevated risk factors surrounding the overall economy in the back half of the year. We still continue to see steady demand for our products, and we believe that reflects well on our brand and on our technology. I will now turn the call over to Lionel Marquis, company CFO, who will go over the financials in more detail. Go ahead, Lionel.