ProPhase Labs, Inc. (NASDAQ:PRPH) Q4 2022 Earnings Conference Call March 28, 2023 11:00 AM ET

Company Participants

Ted Karkus - Chairman and Chief Executive Officer

Conference Call Participants

Yi Chen - H.C. Wainwright

Hunter Diamond - Diamond Equity Research

Patrick Patterson - Private Investor

Fred McDonald - Private Investor

Operator

Hello and welcome to the ProPhase Labs Financial Results for the Year Ended December 31, 2022 Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the call over to Chairman of the Board and CEO of ProPhase Labs, Ted Karkus. Please go ahead.

Ted Karkus

Thank you, MJ and thank you all for joining me today. Before we get started, I would like to – I have to read the forward-looking statement. Fortunately, our attorneys gave me a shorter version today, thank God. I would like to remind you of the company’s Safe Harbor language. During this presentation, we will make forward-looking statements, including statements regarding our strategies, plans, objectives, and initiatives and the underlying assumptions. While we believe that these forward-looking statements are reasonable, as and when made, forward-looking statements are based on expectations that involve risks and uncertainties that could cause actual results to differ materially. These resists the – sorry, these risks and uncertainties include, but are not limited to our ability to obtain and maintain necessary regulatory approval, federal economic conditions, consumer demand for our products and services, challenges relating to entering into and growing new business lines, the competitive environment and the risk factors listed from time-to-time and our filings with the SEC filings.

This call will present non-GAAP financial measures such as adjusted EBITDA. Reconciliation of these non-GAAP measures to the most comparable GAAP measures are included in the earnings release furnished to the SEC prior to this call and available on our website.

Alright, now that I got out of the way. Again, I want to thank everybody for joining me today. I don’t want to reread the press release. And quite frankly, the press release is pretty self-explanatory. If you don’t get what’s going on from the press release and you are wasting your time and I don’t know why you are on this call. First and foremost, and by the way, first of all, a couple of things just to mention one, we have two fantastic investment bankers, investment banking firms that we work with, that’s critically important when you are a small cap development stage company, it is critically important to have good relationships with investment banking firms and particularly high-quality investment banking firms. And in our case, with small cap development stage companies you want investment banking firms that focus in small cap development stage companies like ours, small cap, I don’t think every company is small cap. In fact, I think our companies could be larger than small cap soon.