UpHealth, Inc. (NYSE:UPH) Q4 2022 Earnings Conference Call March 2, 2023 8:30 AM ET

Company Participants

Shannon Devine - Managing Director, MZ North America

Samuel Meckey - Chief Executive Officer

Martin Beck - Chief Financial Officer

Conference Call Participants

Mike Latimore - Northland Capital Markets

Operator

Greetings, and welcome to the UpHealth Fourth Quarter 2022 earnings conference call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Shannon Devine. Thank you. 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 to be filed on Form 10-K before the end of March 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 to 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 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?

Samuel Meckey

Thank you, Shannon, and good morning, everyone. Thank you all for joining us today. Much has occurred since I first joined the company in July of 2022. When I first addressed you, I was merely weeks into my tenure as UpHealth’s new leader. I was optimistic about UpHealth’s mission to enable high quality, affordable, and accessible healthcare for all. The good news is that 8 months later, I am even more enthusiastic about our mission and remain optimistic about our company’s ability to succeed in this space.

During that first call, I committed to expanding upon my initial impressions of UpHealth by the end of the year, commenting on what I think the focus areas will be going forward. And after our full year results, I said we will talk through in more detail about our strategic vision and how they will drive results in 2023 and beyond.