Smith Micro Software, Inc.

Good day and welcome to the Smith Micro fourth quarter 2024 earnings conference call. All participants should be in a listen-only mode. Should you need assistance, please signal conference specialists by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your touchtone phone. And to withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Mr. Charles Messman, Vice President and Marketing. Please go ahead, sir.

Thank you, Operator, and good afternoon to everyone. We appreciate you joining us today to discuss Smith MicroSoftware's financial results for the fourth quarter and year-end of December 31, 2024. By now, you should have received a copy of the press release with financial results. If you do not have a copy and would like one, please visit the investor relations section of our website at www.smithmicro.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 will hear during today's discussion consists of forward-looking statements, including without limitations, those regarding the company's future revenue and profitability, our plans and expectations, new product development and availability, new and expanded market opportunities, future product deployments, migration and or growth by new and existing customers, operating expenses, and the company's cash reserves. Forward-looking statements involve risk and uncertainty, 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 recent filing Form 10-K. Smith-Miker assumes no obligation to update any forward-looking statements which speak to the management's belief and assumptions only at the date they are made. I want to point out that in our forthcoming prepared remarks, we will refer to specific non-GAAP financial measures. Please refer to our press release disseminated earlier today for reconciliation of these non-GAAP financial measures. With that said, I'll turn the call over to Bill.

Thanks, Charlie. Good afternoon, and thank you for joining us today for our fourth quarter and fiscal year 2024 conference call. We appreciate your interest. Let me begin by looking back at 2024 and reviewing some of the significant changes we made to position the company to return to a state of growth and profitability. I'll also speak a little about the substantial shift in focus we are making as a company to move us even further ahead. Throughout the history of Smith Micro, the company has been recognized as a leading business partner with mobile operators around the world. We have distinguished ourselves by offering white label over the top applications with our SafePath and ComSuite platforms, which we have traditionally sold as value-added services through our mobile partners. More recently, our latest innovations in the SafePath platform focus instead on aligning with mobile operators' core business, meeting them with solutions that support what they sell best. With our latest innovations in SafePath Kids and SafePath OS, carriers can now leverage the strength of our SafePath solutions to offer devices and rate plans aimed at creating a safer mobile experience, not as value-added services, but as an integral component of the carrier's core offerings. When we launched SafePath Kids with Orange Spain's TUYO solution during the fourth quarter, we made our first significant deployment under this renewed focus. SafePath Kids is a new and innovative SafePath solution, the first of its kind to launch, that aligns extremely well with our customer's vision of offering a rate plan just for kids aimed at a safer first mobile user experience. With this deployment, SafePath is not offered as a value-added service, but is integrated directly into the carrier's offering. Every device on the 2-year rate plan is sold with our built-in SafePath powered protections. With Safe Path Kids and TUYO, the strength of Safe Path is fully aligned with the carrier's key strengths and core business, selling new rate plans and supports their vision of offering a safer solution to kids for their first phone experience. With Safe Path Kids, Orange can offer Parents, the peace of mind that comes with starting a child's mobile journey the correct way by keeping them safer online, limiting screen time, teaching healthy online habits from the get-go. We believe that this will prove to be a recipe for success. The launch is in its early stages, and while we can't reveal too much, We do note the SafeMath Kids and its unique ability to support a child-focused rate plan has enough appeal to attract subscribers from other carriers. Parents want a safer mobile experience for their kids, and they will change carriers to get it. Our experience thus far is completely aligned with our hypothesis of what could happen by offering this type of solution. More notable, however, is that we continue to demonstrate our ability to innovate and adapt our SafeFast platform to align with our mobile operator's core strengths and principal business objectives, selling new rate plans and devices and adding new subscribers. On our last earnings call, I spoke about our new solution, Safe Path OS, another new and innovative expansion of our platform, which enables mobile operators to offer an otherwise standard mobile device as a kid's phone or tablet, with built-in limits aimed at a safer mobile experience that kids cannot bypass. I also mentioned that we plan to accelerate the development of our schedule for SafePath OS deployments due to the strong interest we saw in the market. I am excited to see that interest continues to broaden. In fact, we are in in-depth discussions with several partners throughout the world. Later in the call, I will provide a bit more detail around how we plan to maximize this growing interest. I will also introduce you to the newest addition to our SafeNav platform, which builds on the same themes of aligning our strategy with the strengths and objectives of our mobile operator partners. But now let's turn the call over to Jim to discuss the results. Jim?