Wayside Technology Group, Inc.

Good morning, everyone, and thank you for participating in today's conference call to discuss Wayside Technology Group's financial results for the second quarter ended June 30th, 2022. Joining us today are Wayside CEO, Mr. Dale Foster, the company's CFO, Mr. Drew Clark, and the company's investor relations advisor, Mr. Sean Mansouri with Elevate IR. Right now, everyone should have access to the second quarter 2022 earnings press release, which was issued yesterday afternoon at approximately 4.05 p.m. Eastern Time. The release is available in the investor relations section of Wayside Technology Group's website at waysidetechnology.com. This call will also be available for webcast replay on On the company's website, following management remarks, we'll open the call for your questions. I'd now like to turn the call over to Mr. Mansouri for introductory comments.

Thank you. Before I introduce Dale, I'd like to remind listeners that certain comments made on this conference call and webcast are considered bold-looking statements under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that can cause actual results to differ materially from those reflected in these forward-looking statements. These forward-looking statements are also subject to other risks and uncertainties that are described from time to time in the company's violence with the SEC. Do not place undue reliance on any forward-looking statements, which are being made only as of the date of this call, except as required by law. the company undertakes no obligation to revise or publicly release the results of any revision to any forward-looking statements. Our presentation also includes certain non-GAAP financial measures, including adjusted gross billing, adjusted EBITDA, and effective margins, as supplemental measures of performance of our business. All non-GAAP measures have been reconciled to the most directly comparable GAAP measures in accordance with SEC rules. You'll find reconciliation charts and other important information in the earnings press release of Form 8-K we furnished to the SEC yesterday. I would now like to turn the call over to Wayside CEO, Dale Foster.

Thank you, Sean, and good morning, everyone. We continue to execute on our core initiatives during the second quarter, generating organic growth with our existing vendors and customers while adding new emerging vendors to our line foot. This resulted in another strong quarter of profitability, with gross profit of double digits and a significant increase in net income and adjusted EBITDA compared to the prior year. As I mentioned on past calls, we are committed to a limited and focused line card in order to partner with the most innovative technology brands in the market. Out of our 31 brands we evaluated this past quarter, we only signed agreements with six of them, including two I'd like to highlight, HammerSpace and Mirantis. HammerSpace is a market leader in the global data access marketplace and delivered the world's first and only solution to connect global users with their data and applications. Mirantis is an open-source cloud computing software company with a host of cloud management products, such as Mirantis Cloud Container and Kubernetes Engine. We look forward to growing our partnerships with these innovative technologies and service providers as we expand their reach through the channel. Subsequent to quarter end last week, we were designated as a preferred distributor in North America for humans enterprise defense platform, which enables resellers to bolster their security staff Over 75% of all digital attacks are believed to be bot-based, and bots and cybercriminals are becoming increasingly sophisticated every year. Today, Human verifies the humanity of more than 15 trillion digital interactions per week, offering enterprises a platform with exceptional visibility into fraud activity across the Internet. This partnership brings even more depth to our cybersecurity vertical, which has been one of the fastest consistently growing segments of our vendor network. While it has been another productive few months of adding to our line cart, we have also continued to make headway in driving broader market awareness of our client business. As mentioned on our last conference call, earlier this year, we sponsored NIMS Persia during the descent of Denali's Peak. And just last week, we announced a partnership with one of our cyber security vendors, Acronis, to be the primary sponsor of Hendrick Motorsports. Our sponsorship covers title contender William Byron to two NASCAR races this season, where we received prominent branding alongside our vendor, Acronis. Also during the quarter, we expanded our leadership team with the promotion of Tim Popovich to President of Kline North America. Tim is a true representation of the culture here at Wayside, where we place a strong emphasis on working hard and continuing to learn and strive for the next level of success. With over 18 years of service at Climb and even more in the IT channel, Tim has truly climbed the ladder of our company and the industry. He was hired in 2003 as a sales associate and has consistently risen through the ranks over the years. I couldn't think of a more confident professional to take on this role. The board and our colleagues at the company share my enthusiasm for his promotions. Before I turn it over to Drew, I want to take a moment to recognize another key member of our team that unexpectedly passed away last week, Ross Crane. Ross has been a board director since 2019 and was appointed chair of the audit committee in 2021. We are deeply saddened by the news. Ross was an experienced financial executive who provided stage counsel to Drew and our entire team. His advice and wisdom as a board member and colleague will never be forgotten. Our thoughts or with his family during this difficult time. I will now turn the call over to Drew to take you through the financial results. Drew?