Smith Micro Software, Inc. (NASDAQ:SMSI) Q4 2022 Earnings Conference Call March 9, 2023 4:30 PM ET

Company Participants

Charles Messman - VP, IR & Corporate Development

William Smith - Co-Founder, Chairman, President & CEO

James Kempton - VP, CFO & Treasurer

Conference Call Participants

Scott Searle - ROTH MKM Partners

Michael Nichols - B. Riley Securities

James McIlree - Dawson James Securities

Matthew Harrigan - The Benchmark Company

Operator

Good day, and welcome to the Smith Micro Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions].

I would now like to turn the conference over to Mr. Charles Messman. Please go ahead, sir.

Charles Messman

Thank you, operator, and good afternoon, everyone. We appreciate you joining us today to discuss Smith Micro Software's financial results for the fourth quarter and year ended December 31, 2022. By now, you should have received a copy of the press release with the financial results. If you do not have a copy and would like one, please visit the Investor Relations section of our website at www.smithmicro.com.

On today's call, we have Bill Smith, our Chairman of the Board, President and Chief Executive Officer; and Jim Kempton, our Chief Financial Officer.

Please note that some of the information you will hear during today's call consists of forward-looking statements, including, without limitation, those regarding the company's future revenue and profitability, our plans and expectations, new product development, new and expanded market opportunities, future product deployments, migrations and/or growth by new and existing customers, operating expense and the company's cash reserves.

Forward-looking statements involve risks and uncertainties, which could cause actual results or trends to differ materially from those expressed or implied by a forward-looking statement. For more information, please refer to the risk factors included in our most recent filed Form 10-K and in our subsequent filings on Form 10-Q.

Smith Micro assumes no obligation to update any forward-looking statements, which speak of our management's beliefs and assumptions only as the date they are made. I'd like to point out that in the forthcoming prepared remarks, we will refer to specific non-GAAP financial measures. Please refer to our press release disseminated earlier today for that reconciliation of these non-GAAP financial measures.

With that said, I'll turn the ball over to Bill. Bill?

William Smith

Thanks, Charlie. Good afternoon, and thank you for joining us today for our 2022 fourth quarter and year-end conference call. I'm excited to share with you some important progress we've made on several fronts throughout the fiscal year. But as many of you know, we also recently experienced a setback.