Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) Q1 2022 Earnings Conference Call May 11, 2022 8:30 AM ET

Company Participants

Anne Graffice - EVP, Public Affairs

Michael Crawford - President and CEO

Benjamin Lee - CFO

Conference Call Participants

Jack Vander Aarde - Maxim Group

Operator

Good morning and welcome to the Hall of Fame Resort and Entertainment Company’s First Quarter 2022 Earnings Conference Call. This conference call is being recorded and all participants are in a listen-only mode. We will open the conference up for questions and answers following the prepared remarks.

I will now turn the conference over to Anne Graffice, Executive Vice President, Public Affairs. Please proceed.

Anne Graffice

Good morning. Thank you for joining us for our first quarter 2022 earnings conference call. Our latest press release, supplemental slides, and Form 10-Q were posted yesterday evening after market hours. These documents can be found in the Investor Relations section of our website at hofreco.com.

After this brief introduction, Michael Crawford, our President and CEO will give an overview of the quarter’s results and an update on our fiscal year priorities. Benjamin Lee, Chief Financial Officer will then provide analysis of this quarter’s financial results, as well as an update of our fiscal 2022 financial outlook.

During today’s call, we will make forward-looking statements that reflect the company’s current expectations about future plans and performance. These statements rely on assumptions and estimates, and actual results may differ materially due to risks and uncertainties. I encourage you to read the full disclosure concerning forward-looking statements in the earnings press release.

Additionally, please note that the company uses non-GAAP results to evaluate performance internally, as detailed in our press release. We have posted a supplementary slide deck summarizing the quarterly results. These slides can be accessed on our website and will be archived there, along with a replay of this call.

If you have any additional questions after today’s call, please do not hesitate to reach out to me anytime.

It's now my pleasure to turn the call over to Michael Crawford.

Michael Crawford

Thank you, Anne. Good morning everybody. I hope everyone is enjoying some spring weather. I know here in Canton, finally, the weather has broken and it's being supportive of construction here and we're excited about the progress we're making.

I thought I'd start out by just talking a little bit about some of the macro trends that I'm sure we're all seeing and reading about. Clearly, volatility in the stock market, excuse me, I've been fighting it cold -- rising interest rates inflation, of course, an unfortunate and sad war in Ukraine, and pandemic, COVID continues. All of this has caused pressures as you can imagine, on the work that we're doing, supply chain disruptions continue and we're dealing with them on a daily basis.