11/17/2020

speaker
Operator
Call Moderator

Gentlemen, good morning, and welcome to Created's third quarter 2020 financial results webcast. A recording of this webcast will be available for review approximately two hours after its completion through the same webcast link you used to join us today. I would now like to hand the call over to Rachel David, head of corporate communications and business development at Created. Thank you. Please go ahead.

speaker
Rachel David
Head of Corporate Communications and Business Development

Good morning and thank you for joining us for Creative's third quarter 2020 financial results webcast, Creative's first quarterly call as a NASDAQ listed company. Our third quarter 2020 financial results and press release were issued yesterday, November 16th. The press release is available under the news and events tab of Creative's website. Before we begin, I'd like to cover the safe harbor. During this presentation, we will be making certain forward-looking statements, including projections and estimates about future events and results. These forward-looking statements are subject to risks and uncertainties, and actual results may materially differ. You can find further information about that on our website or in reports filed with the SEC. We will start today with opening comments from Jeremy Fromer, founder and CEO of Created, followed by Chelsea Polano, Created CFO. who will review our third quarter and nine-month 2020 financials. After Chelsea's financial review, you will hear from Lori Weisberg, our COO, and Justin Morey, creative president and head of creative, to provide an overall business update. Following these remarks, there will be a question and answer period. If you'd like to submit a question, you can do so from the submission box located on the webcast page. I would like to turn the call over to Creative's founder and CEO, Jeremy Fromer.

speaker
Jeremy Fromer
Founder and CEO

Thank you, Rachel, and thank you all for joining us this morning. I would like to break from the traditional conference call protocol and say a few words before turning this over to Chelsea. First, I want to thank each of you who have believed and continue to believe in our company. With your support, we have accelerated our strategic plans. Our technology is stronger than it has ever been. In particular, I would like to thank our development partners, ThinkMill. Together with my founding partner, Justin, and his team, they have not only improved the foundation of our flagship product, Vocal, but created a best-in-class development and design process that is now six years in the making. Justin and I have been able to focus on our core strengths as our new COO, Lori Weisberg, elevates the business operations, improves the sales process, and in general, classes up the place. I am thankful, Lori, for the spark you have ignited within the company and look forward to the opportunities ahead. Of all the milestones we have accomplished as a management team, our uplist to the NASDAQ and its associated equity funding and debt conversions could not have been completed without the tireless effort of our CFO, Chelsea Pilano. For the first time in a very long time, our company has less than $3.5 million in total liabilities and the working capital to reach our key milestones. We have attracted a powerful board of directors, Mark Standish, former co-CEO of RBC Capital Markets, has joined as chairman and chair of our audit committee. Mark Patterson, co-founder of Matlin Patterson Global Advisors, a multibillion-dollar private equity fund, is now a member of the board and chairs our compensation committee. Lori Weisberg, previous CSO of Intent and CRO for Arianna Huffington, joined not only as a board member, but as I previously said, is now our chief operating officer. And our most recent addition, LaBrenna Jones-Martin, a highly seasoned corporate and securities attorney, previously with the SEC, EF Hutton, Shearson, Lehman, and RBC, now chairs our governance and nomination committees. With myself and former chairman Leonard Schiller, We collectively have established an independent board and anticipate adding one additional member in the near future. It is a rare occasion when companies are uplisted to a major market, bypassing the venture capital and private equity world altogether, particularly technology companies like ours. We are humbled and proud to have achieved this corporate milestone. Listing on the NASDAQ has increased the trading volume of our stock, broadened our shareholder base, and enhanced our visibility in the marketplace. I would now like to turn the call over to Chelsea Polano, Chief Financial Officer of Created, to review third quarter and nine-month figures. I will return at the end of this call to offer thoughts and guidance on revenue and profitability. Thank you.

Disclaimer

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