Inspired Entertainment, Inc. (NASDAQ:INSE) Q3 2023 Earnings Conference Call February 27, 2024 5:30 PM ET

Company Participants

Lorne Weil - Executive Chairman

Brooks Pierce - President and Chief Executive Officer

Marilyn Jentzen - Interim Chief Financial Officer

Conference Call Participants

Barry Jonas - Truist Securities

Jordan Bender - Citizens JMP Securities, LLC

Ryan Sigdahl - Craig-Hallum Capital Group

Chad Beynon - Macquarie

Operator

Good evening, everyone, and welcome to the Inspired Entertainment Third Quarter 2023 Conference Call. [Operator Instructions] Please note, today's event is being recorded.

Please refer to the company's Safe Harbor statement that appears in the third quarter 2023 earnings press release, which is also available in the Investors section on the company's website at www.inseinc.com. This Safe Harbor statement also applies to today's conference call as the company's management will be making certain statements that will be considered forward-looking under securities laws and rules of the SEC.

These statements are based on management's current expectations or beliefs and are subject to risks, uncertainties and changes in circumstances. In addition, please note that the company will discuss both GAAP and non-GAAP financial measures. A reconciliation is included in the earnings press release.

With that completed, I would now like to turn the conference over to Lorne Weil, the company's Executive Chairman. Mr. Weil, please go ahead.

Lorne Weil

Thank you, operator. Good evening, everyone, and thank you for joining our somewhat delayed third quarter conference call. With us this evening as usual is our CEO, Brooks Pierce. And joining us for the first time is our Interim CFO, Marilyn Jentzen.

Marilyn has done an extraordinary job of overseeing the accounting work that’s taken place in the last 3 months. And for those of you who may not be familiar with Marilyn's background, although I think we’ve made it public in a few different places. She's a 10-year veteran of the big four accounting world. She's a former Senior VP of Finance of IGT. And she has a Wharton MBA, with a concentration in accounting. And thanks to her work and the work of her team, we today filed an amended 10-K for 2022, amended 10-Ks for the first and second quarters of 2023 and the delayed 10-Q for the third quarter of 2023. And with these filings, we are in full compliance with NASDAQ and with our lender group.

This follows a 3-month process during which our internal organization was augmented by enormous outside accounting and audit resources provided by one of the most highly regarded and prestigious firms in the public accounting industry. Indeed, it's not an overstatement, I think to say that these are the most fully vetted financial statements I have encountered in my roughly 50 years of working in the public company arena.