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8/6/2025
Good day and welcome to the Smith Micro second quarter 2025 earnings conference call. All participants will be in listen only mode. Should you need assistance, please signal a conference specialist 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 touch tone phone. 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 Charles Messman, Vice President, Marketing. Please go ahead.
Charles Messman Thank you, Operator, and good afternoon to everyone. We appreciate your interest in joining the Smith Micro Software Financial Results for the second quarter, end of June 30, 2025, conference call. By now, you should have received a copy of our 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 Tim Huffmeyer, our Chief Operating Officer and Chief Financial Officer. Please note that some of the information you will hear during today's discussion consists of forward-looking statements, including without limitation, 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, growth by new and existing customers, operating expenses, and the company's cash reserve. 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 the risk factors included on our most recently filed Form 10-K. Ms. Micro seems no obligation to update any forward-looking statements, which speaks to management's beliefs and assumptions only as of the date they are made. I'd like to point out that in forthcoming prepared remarks, we will refer to specific non-GAAP financial measures. Please refer to our press release disseminated earlier today for a reconciliation of these 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 second quarter 2025 conference call. We appreciate your interest. Before I update everyone on the progress made during the second quarter, let's start by welcoming Tim Hoffmeyer back to Smith Micro. Previously, CFO at Smith Micro from June 2017, through September of 2021. Tim returns in the dual role of Chief Operating Officer and Chief Financial Officer. I am, along with the rest of the company, very excited to have him back, helping us build a growth story for Smith Micro. Sales activities are proceeding at a brisk pace. We are actively in discussions on several fronts, both in North America and Europe. The reception we are getting to the Safe Path kids' phone and Safe Path senior phone powered by Safe Path OS, and now the AI-enabled Safe Path 8, has brought an additional momentum to our carrier discussions. Our solutions and go-to-market approach continue to align closely with the strategic priorities of our existing partners and new prospects, strengthening our position in the market. As we will discuss during the call, I believe that our future is bright, and we are on the cusp of a meaningful turnaround. My wife and I continue to be proud, long-term shareholders of the company. We invested significantly last year in support of the company's vision and look forward to the opportunity to make further investments in the future as the company makes progress towards that turnaround. Now let's turn the call over to Tim for a deeper dive into our financials. I'll follow up with more updates later in the call. Tim?
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