PCTEL, Inc. (PCTI) CEO David Neumann on Q1 2022 Results - Earnings Call Transcript

May 10, 2022 9:08 PM ETPCTEL, Inc. (PCTI)
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PCTEL, Inc. (NASDAQ:PCTI) Q1 2022 Earnings Conference Call May 10, 2022 4:30 PM ET

Company Participants

David Neumann - CEO

Kevin McGowan - CFO

Conference Call Participants

Jaeson Schmidt - Lake Street Capital Markets

Operator

Welcome to the PCTEL First Quarter 2022 Earnings Release Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I will now turn the call over to Kevin McGowan, the company’s CFO.

Kevin McGowan

Thank you for joining us on today’s conference call to discuss PCTEL’s first quarter 2022 financial results. With me today is David Neumann, the company’s CEO.

Before we begin, let me remind you that this call may contain forward-looking statements and projections based upon current circumstances. While these forward-looking statements and projections reflect PCTEL’s best current judgment, they are subject to risks and uncertainties, particularly related to the COVID-19 pandemic, the global supply chain and logistics challenges, the expansion of our distribution channels and the impact of our acquisition of Smarteq Wireless AB that could cause actual results to differ materially from these forward-looking statements and projections. Risk factors that could cause PCTEL’s actual results to materially differ from its projections are discussed in the earnings press release, which was issued today and the company’s annual report on Form 10-K. The company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

Additionally, our commentary will include reference to the following non-GAAP measures: non-GAAP gross margin percentage, non-GAAP operating expense, non-GAAP earnings per share, and adjusted EBITDA. We believe these non-GAAP measures facilitate comparability of results over different periods. A full reconciliation of these non-GAAP measures to GAAP is included in our quarterly earnings press release that was issued earlier today.

I am now pleased to turn the call over to David

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