TSS, Inc.

Ladies and gentlemen, thank you for standing by. My name is Brent and I will be your conference operator today. At this time, I would like to welcome everyone to the TSS second quarter 2023 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question at that time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press star one. Thank you. It is now my pleasure to turn today's call over to Mr. John Penver, Chief Financial Officer. Sir, please go ahead.

Thank you, Brent. Good afternoon, everyone. Thank you for joining us on TSS's conference call to discuss our second quarter 2023 financial results. I'm John Penver, the Chief Financial Officer for TSS, and joining me today on the call is Daryl Dewan, the President and Chief Executive Officer for TSS. As we begin the call, I would like to remind everyone to take note of the cautionary language regarding forward-looking statements contained in the press release that we issued today. That same language applies to comments and statements made on today's conference call. This call will contain time-sensitive information as well as forward-looking statements, which are only accurate as of today, August 14th, 2023. TSS expressly disclaims any obligation to update, amend, supplement, or otherwise review any information or forward-looking statements made on this conference call or the replay to reflect events or circumstances that may arise after today's date, except as otherwise required by applicable law. For a list of the risk and uncertainties which may affect future performance, please refer to the company's periodic filings with the Securities and Exchange Commission. In addition, we will be referring to non-GAAP financial measures. A reconciliation of the differences between these measures with the most directly comparable financial measures calculated in accordance with GAAP is included in today's press release. Daryl will kick today's call off with an overview and then I will provide a review of our second quarter 23 results and then turn the call over to Daryl to further discuss our strategy and company direction. Daryl?

Thank you, John. Earlier today, we released a press release announcing our financial results for the second quarter of 2023. A copy of that release will be made available on our website at www.tssiusa.com. Overall, we achieved very good financial results in Q2. We announced in our last earnings call that we would focus in three key areas, and we're glad to report solid progress in each. Number one, improve our systems integration processes and business model. Number two, pursue and place talent to prepare for and accelerate our growth. And number three, to develop a strategy to capitalize on emerging markets. First, through successful restructuring of our systems integration business, where we were formerly in a loss-making position, we have proven our capability to cater to complex and demanding customer build requirements, and adapt our business to changes in demand. Our efforts have led to increased efficiency and profitability in Q2 and have paved the way for continued growth and success. Second, we committed that we will selectively invest in our leadership team, and we announced the addition of Janet Morrison as our Chief People Officer and Corporate Communications Leader. Janet is working closely with our team to assess our talent needs to drive and support our growth. She will also lead our effort to publicly share news of our key wins, company awards, and major accomplishments. Third and very exciting for us all is we embarked on a plan to enhance our core selling strengths and develop new capabilities to tap into fresh markets for sustained growth. We are evaluating multiple go-to-market routes for the modular data center business that we expect will drive significant long-term growth. We're already making progress with our sales plan. Jim Oliver, the senior VP of sales, is leading the effort, working closely with Jim Woodward, the director of facilities management services and leader of our development of facilities management business. They're working closely together to identify exciting new opportunities. We're exploring ways to solve supply chain issues to minimize the long lead time for certain modular data center components. Much of our excitement is fueled by the market opportunity to create and deploy new solutions. We will invest resources to focus on demand gen to address these opportunities, and in other words, to sell our integration services. We will cover more of this later in our call. I am focused on building a management team of A players. We've talked about this before. We will drive our growth strategy by forging new competencies and building direct connections with end users of the IT markets we serve while enhancing our existing OEM partnerships. Our Q2 focus ensured we hired the right talent to drive tactical business while evaluating where to invest selling resources to achieve our next level of strategic goals. We anticipate that our third quarter results will reflect a continued increase in revenues compared to 2022 and that we will maintain our profitability. There is a growing expectation for a macroeconomic slowdown and our main customers voicing their expectation for a temporary slowdown in demand. We have already taken action and addressed this in Q3. I'll dive into this further, but let me first turn this call back over to John to provide some financial details. John?