ZAGG Inc (NASDAQ:ZAGG) Q1 2020 Earnings Conference Call - Final Transcript

May 28, 2020 • 05:00 pm ET


ZAGG Inc (NASDAQ:ZAGG) Q1 2020 Earnings Conference Call - Final Transcript


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Good afternoon, ladies and gentlemen, and welcome to the ZAGG First Quarter 2020 Earnings Conference Call. [Operator Instructions]

I would now like to turn the conference over to your host, Mr. Brendon Frey. Sir, you may begin.

Brendon Frey

Thank you, Iz.

Good afternoon and thank you for joining us today to review ZAGG's first quarter 2020 financial results. On the call today we have Chris Ahern, Chief Executive Officer, and Taylor Smith, Chief Financial Officer. Following Chris and Taylor's prepared comments, we will open the call for a question-and-answer session.

Our first quarter earnings press release was issued today after the market closed at approximately 4:05 PM Eastern Time. As a follow-on to the earnings release, we published the supplemental financial information on our Investor Relations website, and we also furnished this document to the SEC on Form 8-K. You can find all our earnings documents on our Investor Relations website at in the Quarterly Results section under the Financials tab. We are recording this call, and a podcast of the conference call will be archived at the ZAGG Investor Relations webpage under the Events tab for one year.

Before we begin, we would like to remind everyone that the prepared remarks contain certain forward-looking statements, and management may make additional forward-looking statements in response to your questions. These statements include, but are not limited to, our outlook for the Company and statements that estimate or project future results of operations or the performance of the Company. These statements do not guarantee future performance and speak as of the date hereof. For a more detailed discussion on the factors that can cause actual results to differ materially from those projected in any forward-looking statements, we'll refer all of you to the risk factors contained in ZAGG's Annual Report on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. ZAGG assumes no obligation to revise any forward-looking statements that may be made in today's release or call.

Please note that on today's call, in addition to discussing the GAAP financial results and the outlook for the Company, we will discuss adjusted EBITDA and the gross profit excluding the impact of March 2020 inventory write-downs, both non-GAAP financial measures. An explanation of ZAGG's use of these non-GAAP financial measures in this call and the reconciliation between GAAP and non-GAAP measures required by SEC Regulation G is included in ZAGG's press release today which, again, can be found on the Investor Relations section of the Company's website. The non-GAAP information is not a substitute for any performance measure derived in accordance with GAAP, and the use of such non-GAAP measures has limitations which are detailed in the Company's press release.

And I'd now like to turn the call over to Chris Ahern. Chris?

Chris Ahern

Thanks, Brendon, and thank you, all, to everyone for joining us on our call today.

I hope you and your families are safe and healthy. Our thoughts are with everyone who has been affected by