UpHealth, Inc. (NYSE:UPH) Q2 2023 Results Conference Call August 10, 2023 5:00 PM ET
Company Participants
Shannon Devine - IR
Sam Meckey - CEO
Martin Beck - CFO
Conference Call Participants
Bill Sutherland - Benchmark Company
Ben Haynor - Alliance Global Partners
Mike Latimore - Northland Capital
Operator
Greetings, and welcome to UpHealth Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. Afterwards, we will conduct the question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Shannon Devine, Investor Relations. Thank you, Ms. Devine. You may begin.
Shannon Devine
Thank you, operator. During today's call, management will be making forward-looking statements. Please refer to the company's SEC filings, including the company's Annual Report on Form 10-K and Quarterly Report on Form 10-Q to be filed for a summary of the forward-looking statements, the risks, uncertainties, and other factors that could cause actual results to differ materially from those forward-looking statements.
UpHealth cautions investors not to place undue reliance on any forward-looking statements. The company does not undertake and specifically disclaims any obligation to update or revise these statements to reflect new circumstances or unanticipated events that occur, except as required by law.
Throughout the call today, we'll refer to pro forma revenues, pro forma gross margins and adjusted EBITDA. These metrics are not determined in accordance with GAAP and, therefore, are susceptible to varying calculations. Definitions, calculations and reconciliations for the financial statements of these non-GAAP measures can be found in the tables included in our press release. We believe these non-GAAP measures of UpHealth's financial results provide useful information regarding certain financial and business trends and the results of our operations.
And now I will turn the call over to Sam Meckey, Uphealth’s Chief Executive Officer. Sam?
Sam Meckey
Thank you, Shannon. Good afternoon, everyone. I appreciate you joining us today. I'm very happy to report strong second quarter performance, which builds upon the results that we shared with you in May. We continue to execute on our plans, recalibrate our business in our second quarter results demonstrate that our narrow focus and our commitment to delivering consistent, steady results is taking the company in a positive direction. While maintaining our team focus on the bottom line in the second quarter, we pivot our business to growth and continuing to execute on our strategy. Our team has performed well, and as a result, we are increasing our previously stated outlook for the full year 2023, which I'll let Martin address in more detail.