Societal CDMO, Inc. (NASDAQ:SCTL) Q1 2022 Earnings Conference Call May 11, 2022 4:30 PM ET

Company Participants

Stephanie Diaz - IR

David Enloe - President and CEO

Ryan Lake - CFO

Conference Call Participants

Matt Hewitt - Craig-Hallum

Christine Rains - William Blair

Mac Etoch - Stephens

Operator

Good day and thank you for standing by. Welcome to the Societal CDMO First Quarter 2022 Conference Call. At this time, all participants are in a listen-only mode. After speaker presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Stephanie Diaz of Societal’s Investor Relations Group. Go ahead.

Stephanie Diaz

Thank you. Hello and thank you for joining us. On today’s call, we have David Enloe, President and CEO; and Ryan Lake, Chief Financial Officer. Today, we will be providing an overview of Societal’s contract development and manufacturing business, including updates on corporate activities and financial results for the quarter ended March 31st, 2022. After our prepared remarks, we will welcome your questions.

Before we begin, I’d like to caution that comments made during this conference call today, May 11th, 2022, will contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, concerning current beliefs of the company, which involve a number of assumptions, risks, and uncertainties. Actual results could differ from these statements and the company undertakes no obligation to revise or update any statement made today.

I encourage you to review all of the company’s filings with the Securities and Exchange Commission concerning these and other matters. Our earnings press release and this call will include discussion of certain non-GAAP information. You can find our earnings press release, including relevant non-GAAP reconciliations on our corporate website at societalcdmo.com.

With that, I will turn the call over to David Enloe, Societal's President and CEO.

David Enloe

Thank you, Stephanie and thank you to everyone, who has dialed-in and to those who are participating today via webcast.

By any measure 2021 was a transformative year for the company, new management and team, new facilities, new capabilities. These factors contributed to other important changes, including a significantly expanded and diversified customer base and a stronger financial position.

I am pleased to report that the momentum created in 2021 does carry over into 2022. Not only have we continue to advance each of the prior year goals, but we have established a new set of goals for 2022, which are executing specific -- segment-specific sales and marketing strategies, while building a stronger corporate identity; optimizing and expanding our capabilities; enhancing both our customers and our employees' experience working with and for the company; and continuing to achieve growth and strengthen our financial position.