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1/26/2023
Hello, and welcome to the Exalta Coding Systems fourth quarter and full year 2022 earnings conference call. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to Chris Evans, Vice President, Investor Relations. Please go ahead, Chris.
Thank you, and good morning. This is Chris Evans, VP of Investor Relations. We appreciate your continued interest in Exalta and welcome you. to our fourth quarter and full year 2022 financial results conference call. Joining me today are Rakesh Sashtev, non-executive board chair, Chris Villavarayan, CEO and president, and Sean Lannan, CFO. Yesterday afternoon, we released our quarterly and full year financial results and posted a slide presentation, along with commentary to the investor relations section of our website at exalted.com, which we will be referencing during this call. Our prepared remarks, the slide presentation, and our discussion today may contain forward-looking statements reflecting the company's current view of future events and their potential effect on Exalta's operating and financial performance. These statements involve uncertainties and risks, and actual results may differ materially from those forward-looking statements. Please note that the company is under no obligation to provide updates to these forward-looking statements. Our remarks, the slide presentation, And our discussion may also contain various non-GAAP financial measures. In the appendix of the slide presentation, we've included reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures. For additional information regarding forward-looking statements and non-GAAP financial measures, please refer to our filings with the SEC. I will now turn the call over to Rakesh.
Thank you, Chris, and welcome everyone to our fourth quarter and full year 2022 earnings call. Let me begin by expressing my appreciation to the team for delivering another strong quarter. The company showed substantial improvement in profitability, most notably in our mobility coding segment, and achieved earnings near the top of our fourth quarter guidance range, setting us on a positive trajectory into 2023. Before the management team outlines the details of our quarterly results, I want to introduce and welcome Exalta's new CEO and President, Chris Villeverine. Chris joined us on January 1st, where he recently wrapped up his tenure at Meritor, a global industry leader of commercial vehicle drivetrains and engineered systems. Chris spent the past 22 years supporting and ultimately playing a leading role in the remarkable transformation of the company. which delivered above market growth, margin expansion, and substantial shareholder value creation. Chris is a seasoned global executive who has distinguished himself as a strong leader. His decades of commercial and operational experiences align well with the skill sets that the board believes are necessary to achieve Exalta's long-term strategic ambitions. The board has a high degree of confidence that under Chris's direction, Exalta will be better positioned to unlock value for all stakeholders. As for myself, I've transitioned to the role of board chair with Chris's appointment as the CEO. It has been a fantastic few months serving as the interim CEO, getting deeper into our businesses, helping the team focus on the immediate value levers, and doing the initial planning for our 2023 objectives. The valuable insights I have gained over the past five months will clearly help as I lead the board and support Chris to unlock the full potential of this company. I will now pass the call over to Chris. Chris?
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