MamaMancini’s Holdings Inc. (MMMB) Q1 2023 Earnings Conference Call June 15, 2022 8:30 AM ET
Company Participants
Carl Wolf - Chairman, Chief Executive Officer
Matthew Brown - President, Chief Operating Officer
Larry Morgenstein - Chief Financial Officer
Conference Call Participants
Howard Halpern - Taglich Bros.
Bruce Martin - Still Lake Capital
Operator
Good morning ladies and gentlemen. Thank you for standing by. Welcome to MamaMancini’s first quarter fiscal 2023 earnings conference call.
During today’s presentation, all participants will be in a listen-only mode. Following the presentation, the conference will be open for questions. If you have a question, please press the star followed by the one on your touchtone phone. If you would like to withdraw your question, please press the star followed by the two. If you’re using speaker equipment, please lift the handset before making your selection.
This conference is being recorded today, June 15, 2022, and the earnings press release accompanying this conference call was issued earlier this morning.
On our call today is MamaMancini’s Chairman and CEO, Carl Wolf; President and COO, Matthew Brown; and CFO Larry Morgenstein.
Before we get started, I’ll read a disclaimer about forward-looking statements. This conference call may contain in addition to historical information forward-looking statements within the meaning of federal securities laws regarding MamaMancini’s. Forward-looking statements include but are not limited to statements that express the company’s intentions, beliefs, expectations, strategies, predictions, or any other statements relating to its future earnings, activities, events or conditions. These statements are based on current expectations, estimates and projections about the company’s business based in part on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, therefore actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in this report and in other documents which the company files with the U.S. Securities and Exchange Commission.
In addition, such statements could be affected by risks and uncertainties related to factors beyond the company’s control. Matters that may cause actual results to differ materially from those in the forward-looking statements include, among other factors, the loss of key management personnel, availability of capital, and any major litigation regarding the company.
This call also includes the following GAAP measure: adjusted EBITDA, which is not a measure of financial performance under GAAP and should not be considered as an alternative to net income as a measure of financial performance. The company believes this non-GAAP measure when considered together with the corresponding GAAP measures provides useful information to investors and management regarding financial and business trends relating to the company’s results of operations; however, this non-GAAP measure has significant limitations in that it does not reflect all the costs and other items associated with the operation of the company’s business as determined in accordance with GAAP.