DZS, Inc. (NASDAQ:DZSI) Q1 2022 Earnings Conference Call May 3, 2022 10:00 AM ET

Company Participants

Ted Moreau - VP, IR

Charles Vogt - President, CEO & Director

Misty Kawecki - CFO

Conference Call Participants

Paul Essi - William K. Woodruff

Jeremy Loiacono - Stifel

Ryan Koontz - Needham & Company

Dave Kang - B. Riley Securities

Christian Schwab - Craig-Hallum Capital Group

Timothy Savageaux - Northland Capital Markets

Operator

Good morning, and welcome to the DZS First Quarter 2022 Earnings Conference Call. [Operator Instructions] I'll now hand the call over to Ted Moreau with DZS. Thank you, Ted. You may proceed.

Ted Moreau

Thank you, Joel, and welcome to the DZS First Quarter 2022 Earnings Conference Call. Joining us today are DZS President and CEO, Charlie Vogt; and CFO, Misty Kawecki. Yesterday after market closed, we published at the Investor Relations section of the DZS website, our shareholder report for the first quarter of 2022 to provide shareholders, prospective shareholders and analysts with market insights, product, business and financial updates as well as forward-looking information.

On this call, we will provide projections and other forward-looking statements regarding future events or the future financial performance of the company. The company cautions you that such statements are only current expectations and actual events or results may differ materially. Please refer to documents that the company files with the SEC, including its most recent 10-Q and 10-K reports in the forward-looking statements section of the shareholder report that was filed on a Form 8-K as well as being available on the Investor Relations section of our website.

These documents identify important risk factors that could cause actual results to differ materially from those contained in the company's projections or forward-looking statements. Please note that unless otherwise indicated, the financial metrics being provided to you on this call are determined on a non-GAAP basis. These items, together with corresponding GAAP numbers and a reconciliation to GAAP are contained in the shareholder report referenced earlier. Next week, we will host our Horizons22 Investor Day at our headquarters in Dallas that will simultaneously be webcast. We look forward to your attendance. We will also be participating in the B. Riley, Cowen, Craig-Hallum and Stifel investor conferences during the second quarter.

I now have the pleasure to turn the call over to Charlie.

Charles Vogt

Thank you, Ted, and welcome investors, analysts and guests. As Ted shared yesterday after market closed, we posted our quarterly shareholder report, which provides a comprehensive update on our business, financial results, market trends and 2022 outlook. Before providing my comments relative to our first quarter's performance as well as other business and industry dynamics, I'm excited to share real-time news that DZS has signed a definitive agreement to acquire the award-winning consumer experience and service assurance software solutions from ASSIA.