Transphorm, Inc.

Good afternoon. My name is Jason and I will be your conference operator today. I would like to welcome everyone to the Transform Incorporated Business Update conference call. All lines have been placed on mute to prevent any background noise. After the speaker's prepared remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press the pound key. Please be advised that today's conference is being recorded. I would now like to turn the call over to Brett Perry of Shelton Group Investor Relations. Brett, please go ahead.

Good afternoon and good morning to some. And welcome to Transform's quarterly business update conference call. Joining us today from Transform are Mario Rivas, Chief Executive Officer, Premit Parikh, Co-Founder and Chief Operating Officer, and Cameron McClay, Chief Financial Officer. Before we begin, I'd like to point out that there is a slide presentation associated with today's call that management will be referencing during the conference call. These slides can be accessed through the webcast link in the investor relations section of Transform's website, and they will also be posted and available as a linked PDF subsequent to today's conference call. Additionally, during the course of this call, the company may make forward-looking statements regarding the company's financial position, strategy, and plans, future operations, specific end markets, and other areas of discussion. It's not possible for the company or management to predict all risks, nor can the company assess the potential impact of all factors on its business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. In light of these risks, uncertainties, and assumptions, the forward-looking statements discussed during this call may not occur and actual results could differ materially and adversely from those anticipated or implied. Any projections as to the company's future performance represent management's estimates as of today, May 18, 2021. Neither the company nor any person assumes responsibility for the accuracy or completeness of the forward-looking statements. The company undertakes no obligation to publicly update forward-looking statements for any reason after the date of this call to conform such statements to actual results or the changes in the company's expectations. For more detailed information on risks associated with the company's business, we refer you to the risk factors described in Transform's S-1 and other subsequent filings with the SEC. With that said, it's now my pleasure to turn the call over to Transform CEO, Mario Rivas. Mario, please go ahead.

Thank you, Brad. And welcome, everyone, to today's call. Thank you very much for joining us today. Transform continues to lead the gun revolution with disruptive technologies, large market opportunities in electric vehicles and 5G, commercially ramping very quickly on this year with best-in-class gun technology and industry-strongest IP portfolio. Now, we have validation not only from blue-chip partners and customers, but also by the Department of Defense through the Office of Naval Research. And we have a team that is led by world-renowned gun experts with an accumulated experience of 300 years in gun in my time. We just had our most successful quarter with revenue of approximately $2.4 million and a sequential growth of 20%. You will hear Cameron detail it later today. First off, I want to thank all the shareholders, particularly TGAN associates, for your passion and commitment to transform. We simply would not be here without you. We led the GAN companies into public markets in 2020 in the midst of a pandemic, and we kept servicing our customers while taking care of our associates' health working remotely. This year, there will be other GAN companies, such as Navitas, which announced earlier this month, that will enter the public markets. This is positive news. It adds to the positive momentum for our technology and reinforces our GAN power message. We changed our fiscal year to the end of March this year, and we are pleased to announce the upgrade of our listing to the OTCQX, an important milestone in TGAN's growth and development toward our ultimate goal of trading in a national exchange. I now pass the call to Premat to detail the developments over the past few months.