System1, Inc. (NYSE:SST) Q1 2022 Results Conference Call May 12, 2022 5:00 PM ET

Company Participants

Michael Blend - Co-Founder and CEO

Tridivesh Kidambi - CFO

Conference Call Participants

Tom Forte - D.A. Davidson

Shweta Khajuria - Shweta Khajuria

Dan Kurnos - Benchmark

Operator

Thank you for standing by, and welcome to the first quarter 2022 conference call and webcast for System1.

On today's call are Michael Blend, Co-Founder and Chief Executive Officer of System1; Tridivesh Kidambi, Chief Financial Officer of System1; and Kyle Ostgard [ph], Vice President of Finance.

I will now turn the call over to Kyle Ostgard.

Unidentified Company Representative

Thank you. Welcome to the System1 earnings call for the quarter ended March 31, 2022. Joining me today to discuss System1's operational financial results are our Co-Founder and CEO, Michael Blend; and our Chief Financial Officer, Tridivesh Kidambi. A recording of this conference call will be available on our Investor Relations website at ir.system1.com shortly after this call has ended.

I'd like to take this opportunity to remind you that during the call, we will be making forward-looking statements. This includes statements relating to the operating performance of our businesses, future financial results and guidance, strategy, long-term growth and overall future prospects. We may also make statements regarding regulatory or compliance matters.

These statements are subject to known and unknown risks and uncertainties that could cause our actual results to differ materially from those projected or implied during this call, in particular, those described in our risk factors included in our registration statement on Form S-1 filed on April 13, 2022, and our Form 10-K for the fiscal year 2021 filed on March 31, 2022, and in our Form 10-Q for the first quarter of 2022 that will be filed shortly as well as certain uncertainty and unpredictability in our business, the markets and the global economy generally.

You should not rely on forward-looking statements as predictions of future events. All forward-looking statements that we make on this call are based on assumptions and beliefs as of the date hereof, and System1 disclaims any obligation to update any forward-looking statements except as required by law.

Our discussion today will include non-GAAP financial measures, including pro forma revenue, pro forma gross profit and pro forma adjusted EBITDA. These non-GAAP measures should be considered in addition to and not as a substitute for or in isolation from our GAAP results. Information regarding our non-GAAP financial results, including a reconciliation of our historical GAAP to non-GAAP results may be found in our earnings release, which was furnished with our Form 8-K filed today with the SEC and may also be found on our Investor Relations website.