Silicom Ltd

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You are now being placed in the conference. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Ladies and gentlemen, thank you for standing by. Welcome to the Silicon Second Quarter 2024 Results Conference Call. All participants are present in listen-only mode. Following management's formal presentation, instructions will be given for the question-and-answer session. As a reminder, this conference is being recorded. You should have all received by now the company's press release. If you have not received it, please contact Silicon's Investor Relations Team at ekglobalinvestorrelations at... I would now like to hand over the call to Mr. Kenny Green of EK Global Investor Relations. Mr. Green, would you like to begin, please? Thank you, Operator.

I would like to welcome all of you to Silicon's second quarter 2024 results conference call. Before we start, I would like to draw your attention to the following Safe Harbour Statements. This conference call contains forward-looking statements. Such statements may include, but are not limited to, anticipated future financial and operating results and SILICOM's outlook and prospects. Those statements are based on management's current beliefs, expectations and assumptions, which may be affected by subsequent business, political, environmental, regulatory, economic and other conditions, and are subject to known and unknown risks and uncertainties and other factors, many of which are outside of Silicon's control, which might cause actual results to differ materially from expectations expressed or implied in the forward-looking statement, and which include but are not limited to Silicon's increasing dependence for substantial revenue growth on a limited number of customers, the speed and extent to which Silicon's solutions are adopted by relevant markets, difficulty in commercializing and marketing of Silicon's products and services, maintaining and protecting brand recognition, protection of intellectual property, competition, disruptions to its manufacturing, sales and marketing, development and customer support activities, the impact of the war in Israel and in the Ukraine, rising inflation, rising interest rates, volatile exchange rates, as well as any continuing or new effects resulting from the COVID-19 pandemic. and the global economic uncertainty which may impact customer demand through their exercising greater caution and selectivity with their short-term IT investment plan. The factors noted above are not exhaustive. Further information about the company's businesses, including information about factors that can materially affect Silicon's results of operations and financial conditions, are discussed in the annual report on Form 20F and in other documents filed by the company that may be subsequently filed by the company from time to time with the Securities and Exchange Commission, the SEC. Therefore, there can be no assurance that actual or future results will not differ significantly from anticipated results. Consequently, you are cautioned not to rely on these forward-looking statements. Silicon does not undertake to update any forward-looking statements as a result of new information or future events or developments, except as may be required by law. In addition, following the company's disclosure of certain non-GAAP financial measures in today's earnings release, such non-GAAP financial measures will be discussed during this call. Such non-GAAP measures are used by management to make strategic decisions, forecast future results, and evaluate the company's current performance. Management believes that the presentation of these non-GAAP financial measures are useful to investors core operations and prospects for the future. Unless otherwise stated, it should be assumed that financials discussed in this conference call will be on a non-GAAP basis. Non-GAAP financial measures disclosed by management are provided as additional information to investors in order to provide them with an alternative method for assessing the financial condition and operating results of the company. These measures are not in accordance with or a substitute for GAAP. A full reconciliation of non-GAAP to GAAP financial measures are included in today's earnings release, which you can find on Silicon's website. With us on the line today are Mr. Liron Eisenman, President and CEO, and Mr. Eran Gilad, CFO. Liron will begin with an overview of the results, followed by Eran, who will provide the analysis of the financial. We will then open the call for the question and answer session. And with that, I would now like to hand the call over to Liron. Liron, please go ahead.