Smith Micro Software, Inc.

Good afternoon and welcome to the first quarter 2022 earnings conference call of Smith Micro. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing star then zero on your telephone keypad. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on your telephone keypad. To withdraw your question, please press star, then 2. Please note, this event has been recorded. I would now like to turn the conference over to Mr. Charles Messman. Thank you, and over to you, sir.

Thank you, operator. Good afternoon, everyone. We appreciate you joining us today to discuss Smith MicroSoftware's financial results for our 2022 first quarter ended March 31, 2022. By now, you should have received a copy of the press release with our financial results. If you do not have a copy and would like one, please visit the investor relations section of our website at www.smithsmicro.com. On today's call, we have Bill Smith, our Chairman of the Board, President and Chief Executive Officer, and Jim Kempton, our Chief Financial Officer. Please note that some of the information you'll hear during today's discussion consists of forward-looking statements, including, without limitations, those regarding the company's future revenues and profitability, our future plans, new product development, new and expanded market opportunities, future product deployments, migrations, and or growth by new and existing customers, operating expenses, company cash reserves, and the expected impact of last year's acquisition of a vast family safety mobile business on our business strategy, operations, and financial position going forward. Forward-looking statements involve risk and uncertainties, which could cause actual results or trends to differ materially from those expressed or implied by our forward-looking statements. For more information, please refer to risk factors included in our most recently filed Form 10-K. Smith Micro assumes no obligation to update any forward-looking statements, which speak to our management's beliefs and assumptions only as the data they are made. I want to point out that in the forthcoming prepared remarks, we'll refer to certain non-GAAP financial measures, Please refer to our press release disseminated earlier today for a reconciliation of those non-GAAP financial measures. With that said, I'll turn the call over to Bill. Bill?

Thanks, Charlie. Good afternoon, and thank you for joining us today for our 2022 first quarter conference call. Our first quarter has been extremely busy on many fronts as we continue down the path that we spoke about during our recent Q4 update. We are continuing to build on the momentum from the recent launch of SafePath 7. This launch should commence the drive to enhance subscriber growth beginning in the late Q2 or early Q3. With the resumption of growth, we can return the company back to our historical model of delivering strong growth, earnings power, and cash generation. We are also working diligently to get the other two US Tier 1 carriers and our European customers onto the SafePath platform. This activity will enhance the family safety applications at the carriers with an expanded feature set while allowing us to realize cost synergies as we consolidate to a single family safety platform. This critical initiative will bring the power of our SafePath platform to not only the mobile family safety space, but opens an even larger market opportunity with the digital family lifestyle marketplace. Overall, I am pleased with where we are today as we are making great progress across the board with our carrier partners. Another interesting note that is very encouraging is that several of our carrier customers have begun to reopen their offices, a milestone that I truly hope continues as we work through how the pandemic has changed our lives and how we conduct business. We believe that increased access to our customers is a critical and necessary step towards building deeper relationships throughout the different groups within the carriers. Another exciting recent announcement that I'm delighted to discuss is the expansion of our board of directors. Last month, we added two highly qualified individuals, Asha Ketty and Chetan Sharma, both who are recognized strategic leaders in the mobile technology arena. Their combined knowledge, contacts, and business acumen are a tremendous addition to Smith Micro. and I'm looking forward to seeing the positive impact they're going to have on our company. Now let's turn the call over to Jim to discuss our first quarter 2022 results.