Vislink Technologies Inc

Welcome to the VizLink Technologies 2021 Third Quarter Earnings Update Meeting. During today's presentation, there will be an opportunity to submit online questions. You may submit online questions using the window on the webcast. Please note this event is being recorded. I would now like to turn the conference over to Belinda Marino, Corporate Secretary of the Board of Directors. Please go ahead.

Good morning, everyone. I'd like to remind everyone of the safe harbor statement referenced in the SEC filings. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for certain forward-looking statements, including statements made during the course of today's call. Statements contained herein that are not based upon current or historical facts are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities and Exchange Act of 1934. Such forward-looking statements reflect the company's expectations about its future operating results, performance, and opportunities that involve substantial risks and uncertainties. When used herein, the words anticipate, believe, estimate, upcoming, plan, target, intend, and expect, and similar expressions as they relate to VizLink Technologies, its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the company and are subject to a number of risks, uncertainties, and other factors that could cause the company's actual results, performance prospects, and opportunities to differ materially from those expressed in or implied by these forward-looking statements. For a more detailed discussion of some of the ongoing risks and some uncertainties of the company's business, Please refer to the company's various filings with the Securities and Exchange Commission.

Thanks, Melinda. I'd like to welcome you to the VizLink Q3 2021 earnings webcast. I'm Mickey Miller, and I'll be joined on this webcast by Mike Bond, our CFO. We'd like to take this opportunity to report our financial results and the progress we've made in the third quarter of 2021. We will also provide an update on our latest developments and future prospects. Participants will be able to submit questions during the webcast from the Wayne webcast page, and we try to take as many as possible at the end. We are very pleased to report that our revenues in the third quarter grew sharply to $11.2 million, which represented a 133% increase year-over-year and over 47% sequentially. In addition, To accelerate our sales growth, we also grew our profitability substantially over prior periods, recording EBITDA of over $1 million in positive quarterly net income. This is a testament to our pursuit of realistic, sustainable growth of a business while maintaining an unyielding commitment to cost containment and operating efficiencies across the organization. I'd like to mention some notable business highlights from the third quarter. First, we finalized our acquisition of Mobile Viewpoint. I want to reiterate that we feel this represents a perfect complement to our 50 years experience developing and deploying advanced video solutions. Adding those solutions to our existing offering expands our capabilities in the areas of bottom cellular and 5G communications, AI-driven studio and sports production, remote live streaming, and drone backhaul solutions. As a result, whether a business opportunity presents itself that requires a private 5G network, a public 5G network, AI power production, or any hybrid combination of these, we have a market-leading option to offer. This is why we believe that we have now have a truly best-of-breed set of products in our arsenal. The mobile viewpoint acquisition has already begun to bear fruit, namely in the launch during the third quarter of Dizzling Connect. This is the first jointly developed product offering brought to market by our combined companies. BizLink Connect is designed to enable robust, reliable, and economical transition of live video production. Most importantly, it provides a variety of data plan options and predictable costs, and this is what sets it apart from other solutions currently in the market. We feel this is a very strong potential for us. We expect to launch additional solutions over the upcoming quarters that leverage the respective innovations of both BizLink and Mobile Viewpoint. We're very excited about the new product releases that are coming down the pipe. We also had a variety of our video communication solutions deployed at events held during the Summer Olympics in Tokyo. VizLink wireless cameras and related components were utilized by our broadcast service partners, and Mobile Viewpoint deployed 75 cellular encoders for outside broadcast, as well as its Trolley Live product. Trolley Live is a professional studio in-a-box solution designed to allow live streaming from home, office, or any other location around the world and we believe it has a lot of sales potential. During the quarter, we also participated in the world's first standalone 5G network introduced in MotoGP. This took place at the British Grand Prix race where we collaborated with Dorna, BT Sport, the University of Strathclyde to showcase the first live sports broadcast over a 5G network. This proof of concept system was considered highly successful and showed how standalone 5G networks are very suitable for broadcasting live video, even under the challenging conditions of high-speed racing. We're excited to be on the ground floor of this innovation and look forward to commercializing in the future with our industry partners. We also introduced new product innovations during the quarter. These included updates to the quantum receiver, a portable version of our IP RF transmission system, and SATCOM products like the DB6100. These product families have continued to be among the companies most well received in the market. At the same time, we continue to refine our product catalog. We reduce our overall product SKUs available for sale, removing items that cost us more to keep in production than to realize revenues from. We've also been standardizing our solutions, making more modular wherever possible. This has the twin benefits of making items more reusable and also allows us to react more nimbly to opportunities that may arise, which may require reconfiguration on the go. I will now turn it over to Mike Vaughn, who will walk you through our financials.