UpHealth, Inc. (NYSE:UPH) Q1 2023 Earnings Conference Call May 11, 2023 5:00 PM ET

Company Participants

Shannon Devine - Investor Relations

Sam Meckey - Chief Executive Officer

Martin Beck - Chief Financial Officer

Conference Call Participants

Mike Latimore - Northland Capital Markets

Bill Sutherland - The Benchmark Company

Operator

Greetings, and welcome to UpHealth's First Quarter 2023 Earnings Conference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct the question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Shannon Devine, Investor Relations. Please go ahead.

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 quarterly report to be filed on Form 10-Q, 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.

I will now turn the call over to Sam Meckey, UpHealth's Chief Executive Officer. Sam?

Sam Meckey

Thank you, Shannon, and good afternoon, everyone. Thank you all for joining us today. Martin and I are very excited to discuss our first quarter performance with you. When we last spoke in March, we shared our plans to recalibrate our business in 2023 and to implement our three-year plan to rightsize the business, providing the necessary foundation to achieve our growth ambitions.

We view this work as critical to achieving our mission, which is to enable high-quality, affordable and accessible health care for everyone. Executing our plan will enable us to create solutions that combine technology and services to improve access to care, which is needed now more than ever, as society emerges from the pandemic and deals with the unprecedented challenges moving forward.