LifeStance Health Group, Inc. (NASDAQ:LFST) Q1 2022 Earnings Conference Call May 9, 2022 4:30 PM ET

Company Participants

Michael Lester – Chief Executive Officer

Michael Bruff – Chief Financial Officer

Danish Qureshi – Chief Growth Officer

Monica Prokocki – Vice President of Investor Relations

Conference Call Participants

Ricky Goldwasser – Morgan Stanley

Lisa Gill – JPMorgan

Chris Neamonitis – Jefferies

Kevin Caliendo – UBS

Jamie Perse – Goldman Sachs

Nicholas Spiekhout – William Blair

Gary Taylor – Cowen

Operator

Good day, and welcome to the LifeStance Health First Quarter 2022 Earnings call. At this time all participants are in listen-only mode. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions]. We ask that you please limit yourself to one question and a follow-up. [Operator Instructions]. As a reminder, this call may be recorded. I would now like to turn the call over to Monica Prokocki, Vice President Investor Relations. You may begin.

 Monica Prokocki

Thank you. Good afternoon everyone and welcome to LifeStance Health First Quarter 2022, Earnings Conference Call. I'm Monica Prokocki, Vice President of Investor Relations. Joining me today are Mike Lester, Chief Executive Officer, Mike Bruff, Chief Financial Officer, and Danish Qureshi, Chief Growth Officer. We issued the earnings release and presentation after the market closed today. Both are available on the Investor Relations section of our website, investor. lifestance.com. In addition, a replay of this conference call will be available following the call. Before turning the call over to management for their prepared remarks, please direct your attention to the disclaimers about forward-looking statements included in our earnings press release and SEC Filing.

Today's remarks contain forward-looking statements, including statements about our financial performance outlook. Those statements involve risks, uncertainties, and other factors, including the possible future impact of the COVID-19 pandemic on our business that could cause actual results to differ materially. In addition, please note that the report results using non-GAAP financial measures, which we believe provide additional information for investors and help facilitate comparison of prior and past performance. A reconciliation to the most directly comparable GAAP measures is included in the earnings press release tables and presentation appendix. Unless otherwise noted, all results are compared to the prior year comparative period. At this time. I'll turn the call over to Mike Lester, CEO of LifeCam. Mike

Michael Lester

Thank you, Monica, and thanks to all of you for joining us today. To begin, I would like to emphasize the importance of our mission of improving access to trusted, affordable, and personalized mental note care. As you may know, May as Mental Health Awareness Month, a time when we as a country raise the awareness about the importance of our society's mental health. Now, on always LifeStance is committed to helping people lead healthier, more fulfilling lives as the country's largest outpatient provider of in-person and virtual mental health care. Turning to results, we're pleased with the team's disciplined execution of our strategy, which drove solid performance in the first quarter, even through the recent pandemic surge and ongoing labor market dynamics.