Intellicheck Mobilisa, Inc. (NYSE MKT:IDN) Q1 2020 Earnings Conference Call - Final Transcript

May 06, 2020 • 04:30 pm ET

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Intellicheck Mobilisa, Inc. (NYSE MKT:IDN) Q1 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Greetings and welcome to Intellicheck's First Quarter 2020 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded. It is now my pleasure to turn the call over to your host, Gar Jackson, with Global IR. Thank you. You may begin.

Executive
Gar Jackson

Good afternoon, and thank you for joining us today for the Intellicheck First Quarter 2020 Earnings Call.

Before we get started, I will take a few minutes to read the forward-looking statement. Certain statements in this conference call constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as amended. When used in this conference call, words such as will, believe, expect, anticipate, encourage and similar expressions as they relate to the company or its management, as well as assumptions made by and information currently available to the company's management identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements are based on management's current expectations and beliefs about future events. As with any projection or forecast, they are inherently susceptible to uncertainty and changes in circumstances, and the company undertakes no obligation to and expressly disclaims any obligation to update or alter its forward-looking statements whether resulting from such changes, new information, subsequent events or otherwise. Additional information concerning forward-looking statements is contained under the headings of Safe Harbor Statement and Risk Factors listed from time to time in the company's filings with the Securities and Exchange Commission.

Statements made on today's call are as of today, May 6, 2020. Management will use the financial term adjusted EBITDA in today's call. Please refer to the company's press release issued this afternoon for further definition, reconciliation and context for the use of this term. We will begin today's call with Bryan Lewis, Intellicheck's Chief Executive Officer; and then Bill White, Intellicheck's Chief Financial Officer, who will discuss the Q1 financial results. Following their prepared remarks, we will take questions from our analysts and institutional investors.

Today's call will be limited to one hour, and I will now turn the call over to Bryan.

Executive
Bryan Lewis

Thank you, Gar, and welcome, everyone, to the Q1 2020 Earnings Call.

It is amazing how much the world has changed in the eight weeks since our last call. I think I've started every earnings call by letting you know how excited I've been about our performance and what we believe our prospects to be. This time instead, I'll start by saying how saddened I am by the loss of life due to this pandemic. Its impact has been felt in a personal way. One of our team members lost his mother to this disease. Fortunately, I also see hope and recovery, as I am also happy to report that one member of our team is fully recovered from the virus. All of our teammates have continued to give their all during these trying times. That has humbled me and made me want to work that much harder to ensure