authID Inc. (NASDAQ:AUID) Q4 2023 Results Conference Call March 20, 2024 5:30 PM ET Company Participants Graham Arad - General Counsel Ed Sellitto - CFO Rhon Daguro - CEO Tom Szoke - CTO Graham Arad Good evening, everyone. My name is Graham Arad, General Counsel of authID. Welcome to the authID 2023 Annual Earnings Conference Call. At this time, all participants are in a listen only mode. A brief question-and-answer session will follow the formal presentation [Operator Instructions]. As a reminder, this con ...

[Executive Summary & Business Overview](index=1&type=section&id=Executive%20Summary%20%26%20Business%20Overview) authID Inc. achieved significant RPO and bARR growth in FY2023, strengthening its financial foundation and leadership for biometric identity verification [Company Overview and Key Achievements](index=1&type=section&id=Company%20Overview%20and%20Key%20Achievements) authID Inc. reported strong momentum for the fiscal year ended December 31, 2023, with a significant increase in signed contract RPO value and accelerated achievement of its bARR target, positioning the company for growth in biometric identity verification and authentication - Signed contract RPO value reached **$4 million**, marking a **4,800% increase** over 2022[1](index=1&type=chunk) - Accelerated the realization of the Company's original June 2024 signed contracts bARR target of **$3 million** by 6 months[1](index=1&type=chunk) [CEO's Strategic Outlook](index=1&type=section&id=CEO%27s%20Strategic%20Outlook) CEO Rhon Daguro highlighted authID's strengthened financial foundation, new talent, and sales discipline as drivers for growth in biometric identity verification. He emphasized the company's patented platform's ability to combat rampant authentication fraud, including AI-driven phishing and deepfakes, and set an ambitious 2024 bARR target of $9 million - Positioned for growth in biometric identity verification and authentication through strengthened financial foundation, new talent, and proven sales discipline[2](index=2&type=chunk) - Patented identity life-cycle platform provides fast, accurate, and user-friendly solutions against authentication fraud, delivering identity verification in **700 milliseconds**[2](index=2&type=chunk) - Multi-layered authentication platform defends against generative AI-driven phishing schemes, deepfakes, and fraud attacks[3](index=3&type=chunk) - Set a 2024 bARR target of **$9 million**, a triple increase over 2023[3](index=3&type=chunk) [Financial Performance Highlights](index=1&type=section&id=Financial%20Performance%20Highlights) authID reported decreased revenue but significantly reduced operating expenses in FY2023, improving net loss and strengthening its cash position through financing [Full Year 2023 Financial Results](index=1&type=section&id=Full%20Year%202023%20Financial%20Results) authID reported a total revenue of $0.2 million for FY2023, a decrease from $0.5 million in 2022, primarily due to the discontinuation of a legacy product. Operating expenses significantly declined by 52% to $10.9 million due to cost-saving measures. The company improved its loss from continuing operations and net loss per share, while cash and cash equivalents stood at $10.2 million Financial Performance Summary | Metric | FY2023 | FY2022 | Change | | :-------------------------------- | :----------- | :----------- | :----- | | Total Revenue | $0.2 million | $0.5 million | -60% | | Operating Expenses | $10.9 million | $22.8 million | -52% | | Loss from continuing operations | $(19.6) million | $(23.7) million | Improved | | Net loss per share (continuing operations) | $(3.19) | $(7.72) | Improved | - Cash and cash equivalents as of December 31, 2023, were **$10.2 million**[6](index=6&type=chunk) - Bolstered financial position by securing **$17.6 million** in gross proceeds from financing rounds and a debt-to-equity conversion of almost **$9 million** in 2023[7](index=7&type=chunk) - Regained compliance with Nasdaq listing rules and provided capital for critical identity-domain experts and product innovation[7](index=7&type=chunk) [Non-GAAP Financial Measures](index=2&type=section&id=Non-GAAP%20Financial%20Measures) The company reported an improved Adjusted EBITDA loss of $8.7 million for FY2023, down from $11.4 million in 2022. Booked Annual Recurring Revenue (bARR) saw a substantial increase to $2.94 million in 2023 from $0.23 million in 2022, and Remaining Performance Obligation (RPO) grew to $4.03 million, a 4,800% increase Non-GAAP Metrics | Metric | FY2023 | FY2022 | Change | | :-------------------------------- | :----------- | :----------- | :----- | | Adjusted EBITDA loss (Non-GAAP) | $(8.7) million | $(11.4) million | Improved | | Booked Annual Recurring Revenue (bARR) | $2.94 million | $0.23 million | +1178% | | Remaining Performance Obligation (RPO) | $4.03 million | $0.08 million | +4800% | - RPO represents contractual commitments of signed customer contracts, anticipated to be recognized as revenue over the next 3 years[6](index=6&type=chunk) [Operational Achievements and Strategic Initiatives](index=2&type=section&id=Operational%20Achievements%20and%20Strategic%20Initiatives) authID strengthened its management, secured new customer contracts, and advanced its identity platform, earning industry recognition for its biometric solutions [Management and Team Strengthening](index=2&type=section&id=Management%20and%20Team%20Strengthening) authID strengthened its leadership team with key appointments, including Rhon Daguro as CEO and Ed Sellitto as CFO, and reconstituted its Corporate Board. The company also expanded its sales, customer success, and engineering teams with new identity domain talent to drive market position and growth - Strengthened management expertise with the appointment of Rhon Daguro as CEO and Ed Sellitto as CFO[8](index=8&type=chunk) - Reconstituted its Corporate Board of Directors[8](index=8&type=chunk) - Added new identity domain talent, including new Sales leaders in July 2023 and additional expertise in sales, customer success, and engineering in January 2024[9](index=9&type=chunk) [Customer Wins and Market Expansion](index=2&type=section&id=Customer%20Wins%20and%20Market%20Expansion) authID secured new customer contracts totaling $3 million in bARR, demonstrating strong market demand across financial services, healthcare, and the digital economy. Notable wins include ABM Industries (Fortune 500) for workforce solutions and various financial services and digital technology companies for fraud prevention and authentication - Signed new customer contracts valued in the aggregate at **$3 million** in bARR[9](index=9&type=chunk) - Secured ABM Industries, a Fortune 500 company, to deploy biometric services for over **100,000 employees**[9](index=9&type=chunk) - Partnered with various financial services companies (international digital wallet, multi-national money remittance, digital bank) to stop identity fraud and account takeover[10](index=10&type=chunk) - Engaged with an international recruitment platform, a healthcare services provider, and leading digital technology companies to enhance identity assurance and prevent fraud[10](index=10&type=chunk) [Product Innovation and Industry Recognition](index=3&type=section&id=Product%20Innovation%20and%20Industry%20Recognition) authID enhanced its life-cycle identity platform with investments in document-based identity verification and streamlined onboarding workflows. The company received industry recognition, being named 'Best ID Management Platform' for the second consecutive year by FinTech Breakthrough and renewing its ISO 27001:2013 Certification for information security - Advanced market positioning through investment in its life-cycle identity platform, fortifying document-based identity verification and streamlining onboarding workflows[12](index=12&type=chunk) - Selected for the second straight year as 'Best ID Management Platform' by FinTech Breakthrough[12](index=12&type=chunk) - Renewed ISO 27001:2013 Certification for Information Security Management Systems (ISMS), validating adherence to rigorous security standards[12](index=12&type=chunk) [Investor Information](index=3&type=section&id=Investor%20Information) This section provides details on authID's webcast, company overview, forward-looking statements, and investor relations contact for stakeholders [Webcast Details](index=3&type=section&id=Webcast%20Details) authID hosted a webcast on March 20, 2024, to discuss financial results and provide a corporate update, with a replay and presentation available for 90 days on its Investor Relations webpage - Company hosted a webcast on March 20, 2024, at 5:30 p.m. EDT to discuss financial results and provide a corporate update[13](index=13&type=chunk) - A replay of the event and a copy of the presentation are available for 90 days via authID's Investor Relations news and events web page[13](index=13&type=chunk) [About authID Inc.](index=3&type=section&id=About%20authID%20Inc.) authID Inc. provides innovative biometric identity verification and authentication solutions, enabling enterprises to 'Know Who's Behind the Device'. Its patented platform offers fast (700ms), accurate, and user-friendly digital onboarding, FIDO2 login, and biometric authentication to prevent fraud, eliminate password risks, and enhance user experience - authID provides biometric identity verification and authentication solutions to ensure enterprises 'Know Who's Behind the Device'[14](index=14&type=chunk) - Its easy-to-integrate, patented platform combines digital onboarding, FIDO2 login, and biometric authentication, delivering identity verification in **700ms**[14](index=14&type=chunk) - Aims to stop fraud at onboarding, eliminate password risks and costs, and provide a faster, frictionless, and more accurate user identity experience[14](index=14&type=chunk) [Forward-Looking Statements](index=3&type=section&id=Forward-Looking%20Statements) This section contains forward-looking statements regarding authID's future operations, growth, sales, bARR, ARR, cash flow, and financial position. These statements are based on assumptions and are subject to various risk factors, including customer retention, competition, regulatory changes, and economic conditions, and should not be solely relied upon as a guide to future performance - Statements regarding future results of operations, growth, sales, bARR, ARR, cash flow, cash position, financial position, business strategy, plans, and objectives are forward-looking[15](index=15&type=chunk) - Actual results may vary materially due to risk factors such as the Company's ability to attract and retain customers, successful implementation of services, competition, changes in laws/regulations, and economic/political conditions[15](index=15&type=chunk) - authID expressly disclaims any obligation to disseminate updates or revisions to any forward-looking statements[15](index=15&type=chunk) [Investor Relations Contact](index=3&type=section&id=Investor%20Relations%20Contact) Contact information for investor relations is provided, with Ed Sellitto serving as the Chief Financial Officer - Investor Relations Contact: Ed Sellitto, Chief Financial Officer[16](index=16&type=chunk) - Email: investor-relations@authID.ai[16](index=16&type=chunk) [Non-GAAP Financial Information Details](index=4&type=section&id=Non-GAAP%20Financial%20Information%20Details) authID provides non-GAAP measures like Adjusted EBITDA, bARR, and ARR to offer additional insights into financial performance and future growth trends [Non-GAAP Measures Explanation](index=4&type=section&id=Non-GAAP%20Measures%20Explanation) authID provides non-GAAP financial measures, including Adjusted EBITDA, bARR, and ARR, to offer additional insights into its period-over-period results and future growth trends. These measures are intended to supplement, not replace, GAAP financial measures and are used by management to assess operating performance - Non-GAAP financial measures, including Adjusted EBITDA, bARR, and ARR, are provided to offer useful information about period-over-period results and future growth trends[17](index=17&type=chunk)[21](index=21&type=chunk) - Adjusted EBITDA is defined as GAAP net loss adjusted to exclude interest expense/income, income taxes, depreciation/amortization, stock-based compensation, and certain other items affecting comparability[18](index=18&type=chunk) [Reconciliation of Net Loss to Adjusted EBITDA](index=4&type=section&id=Reconciliation%20of%20Net%20Loss%20to%20Adjusted%20EBITDA) The company provided a reconciliation of its GAAP loss from continuing operations to Adjusted EBITDA for 2023 and 2022. Key adjustments in 2023 included significant addbacks for conversion expense and severance costs, leading to an improved Adjusted EBITDA loss of $(8.7) million Reconciliation of Net Loss to Adjusted EBITDA ($) | Metric | 2023 | 2022 | | :--------------------------------------- | :---------------- | :---------------- | | Loss from continuing operations | $(19,617,969) | $(23,675,310) | | Addback: | | | | Interest expense | 1,108,458 | 1,359,954 | | Other expense (income) | (98,230) | 37,221 | | Conversion expense | 7,476,000 | - | | Loss on debt extinguishment | 380,741 | - | | Severance cost | 855,279 | 150,000 | | Depreciation and amortization | 255,858 | 749,900 | | Non-cash recruiting fees | 438,000 | - | | Impairment losses | - | 1,101,867 | | Taxes | 2,864 | 7,670 | | Stock compensation | 487,398 | 8,870,168 | | **Adjusted EBITDA continuing operations (Non-GAAP)** | **$(8,711,601)** | **$(11,398,530)** | - Significant addbacks in 2023 included **$7.5 million** for conversion expense and **$0.9 million** for severance cost[19](index=19&type=chunk) [Booked Annual Recurring Revenue (bARR) and Annual Recurring Revenue (ARR) Definitions](index=5&type=section&id=Booked%20Annual%20Recurring%20Revenue%20%28bARR%29%20and%20Annual%20Recurring%20Revenue%20%28ARR%29%20Definitions) bARR is defined as the estimated annual recurring revenue from contracted orders, projected 18 months out, with net bARR accounting for attrition. ARR is the annualized recurring revenue from Verified products over the last three months. Both are forward-looking indicators of revenue trends but are not predictors of future GAAP revenues and have specific limitations, such as excluding non-recurring revenues - Booked Annual Recurring Revenue (bARR) is the estimated annual recurring revenue from contracted orders, looking 18 months from the signing date, with net bARR reflecting attrition[21](index=21&type=chunk) - Annual Recurring Revenue (ARR) is the recurring revenue from Verified products during the last three months of the period, multiplied by four[22](index=22&type=chunk) - bARR and ARR are considered forward-looking indicators of revenue trends, not predictors of future GAAP revenues, and have limitations, including only revenues from Verified and Proof products and excluding non-recurring revenues[23](index=23&type=chunk)[24](index=24&type=chunk) [Condensed Consolidated Financial Statements](index=6&type=section&id=Condensed%20Consolidated%20Financial%20Statements) authID's financial statements show an improved net loss in 2023, reduced operating expenses, and a strengthened balance sheet with increased cash and equity [Condensed Consolidated Statements of Operations](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) authID's condensed consolidated statements of operations show a net loss of $(19.4) million for 2023, an improvement from $(24.2) million in 2022. Total revenues decreased to $190,289 in 2023, primarily due to the discontinuation of legacy authentication services, while operating expenses were significantly reduced across general & administrative and R&D categories Condensed Consolidated Statements of Operations ($) | Metric | 2023 | 2022 | | :-------------------------------------- | :---------------- | :---------------- | | **Revenues:** | | | | Verified software license | $186,171 | $156,646 | | Legacy authentication services | $4,118 | $370,769 | | Total revenues, net | $190,289 | $527,415 | | **Operating Expenses:** | | | | General and administrative | $7,882,194 | $14,676,938 | | Research and development | $2,800,373 | $6,269,175 | | Depreciation and amortization | $255,858 | $749,900 | | Impairment losses | - | $1,101,867 | | Total operating expenses | $10,938,425 | $22,797,880 | | Loss from continuing operations | $(10,748,136) | $(22,270,465) | | Other (Expense) Income, net | $(8,866,969) | $(1,397,175) | | Loss from continuing operations before income taxes | $(19,615,105) | $(23,667,640) | | Income tax expense | $(2,864) | $(7,670) | | Loss from continuing operations | $(19,617,969) | $(23,675,310) | | Total gain (loss) from discontinued operations | $217,593 | $(554,910) | | **Net loss** | **$(19,400,376)** | **$(24,230,220)** | | Net Loss Per Share - Basic and Diluted | | | | Continuing operations | $(3.19) | $(7.72) | | Discontinued operations | $0.04 | $(0.18) | | Weighted Average Shares Outstanding - Basic and Diluted | 6,153,881 | 3,065,365 | - Revenue from legacy authentication services decreased significantly from **$370,769** in 2022 to **$4,118** in 2023[25](index=25&type=chunk) - General and administrative expenses decreased by **46%** and research and development expenses decreased by **55%** year-over-year[25](index=25&type=chunk) [Condensed Consolidated Balance Sheets](index=7&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The condensed consolidated balance sheets show a significant increase in total assets to $15.4 million as of December 31, 2023, from $9.4 million in 2022, primarily driven by a substantial increase in cash. Total liabilities decreased significantly due to a reduction in convertible debt, while total stockholders' equity saw a substantial increase Condensed Consolidated Balance Sheets ($) | Metric | Dec 31, 2023 | Dec 31, 2022 | | :--------------------------------------- | :---------------- | :---------------- | | **ASSETS** | | | | Cash | $10,177,099 | $3,237,106 | | Total current assets | $10,901,680 | $4,346,716 | | Total assets | $15,411,913 | $9,374,185 | | **LIABILITIES AND STOCKHOLDERS' EQUITY** | | | | Total current liabilities | $1,664,743 | $1,249,149 | | Convertible debt, net | $224,424 | $7,841,500 | | Total liabilities | $2,214,167 | $9,090,649 | | Total stockholders' equity | $13,197,746 | $283,536 | - Cash increased by over **214%** year-over-year, from **$3.2 million** to **$10.2 million**[26](index=26&type=chunk) - Convertible debt, net, decreased by over **97%**, from **$7.8 million** to **$0.2 million**, indicating significant debt-to-equity conversion[26](index=26&type=chunk) - Total stockholders' equity increased by over **4500%**, from **$283,536** to **$13,197,746**[26](index=26&type=chunk)

Stock Split and Trading Symbol - The company completed a 1-for-8 reverse stock split effective July 7, 2023, with shares trading under the symbol "AUID" starting July 10, 2023[11] Biometric Identity Verification and Authentication - The Verified platform offers biometric identity verification, authentication, account recovery, and FIDO Passkey binding services[14] - Biometric identity verification matches government-issued ID documents with live user selfies, reducing fraud and speeding up onboarding[15] - Biometric identity authentication enables passwordless login and transaction validation using facial biometrics[16] - The company's biometric identity verification product, Proof, eliminates the need for in-person ID checks and provides verified identity in seconds[15] - The company's biometric identity authentication solution allows users to recover account access via facial biometrics, independent of any device[17] - The company's FIDO Passkey Binding solution enables passwordless login and transaction authentication tied to a trusted identity[18] Market Growth and Projections - The global market for identity verification and authentication is projected to grow from $48 billion in 2023 to $116 billion by 2027, with a 24.6% CAGR[27] - The global market for integrated identity platforms is estimated to reach $48 billion in 2023, growing at a 24.6% CAGR to $116 billion by 2027[27] Business Strategy and Growth - The company focuses on driving customer growth, accelerating onboarding, developing partner networks, and advancing platform innovation[28][29] - The company focuses on driving new customer growth by targeting key markets and verticals with high-assurance identity verification needs, including regulated sectors and high-risk transaction organizations[28] - The company plans to accelerate customer onboarding and usage by investing in platform integration to speed up time to revenue[28] - The company is strategically developing its partner network to expand customer reach through reseller and similar partnerships[29] - The company continues to invest in R&D and hiring top technical talent to innovate its platform, focusing on speed, accuracy, and user experience[29] - The company may pursue selective acquisitions to enhance technology capabilities, enter new markets, and develop new services[30] Sales and Pricing Model - Sales are conducted through a direct sales team and channel partners, with a subscription and usage-based pricing model[32][33] - The company operates on a subscription and usage-based model, with fees per transaction, enrolled, or active users[32] - The company expanded its sales force and technical sales support significantly in the last six months of 2023[32] Competition - The company faces competition from identity verification, authentication, and access management providers, including larger companies with significant resources[34][35] - The company faces competition from vendors offering biometric and non-biometric identity verification solutions, as well as passwordless authentication providers[34] Research and Development - Research and development efforts are focused on platform improvements, new technologies, and meeting evolving customer needs[36] Discontinued Operations - The company discontinued non-core operations, including the sale of the Cards Plus business and legacy payments software in 2022 and 2023[21] - The company completed the sale of its legacy payments software by MultiPay on June 30, 2023, and exited non-core activities in Colombia and South Africa[21] Employee and Subsidiary Information - The company has a total of approximately 22 employees as of December 31, 2023, with 17 located in the United States and the rest in Colombia[41] - The company operates through six subsidiaries, including four in the U.S., one in Colombia, and one in the United Kingdom[42] - The company has 22 employees as of December 31, 2023, with 17 based in the U.S. providing strategic and technological leadership[41] - The company has subsidiaries in the U.S., Colombia, and the U.K., including Innovation in Motion Inc., Fin Holdings, Inc., and MultiPay S.A.S.[42] Intellectual Property and Legal Compliance - The company relies on patents, trademarks, copyrights, and trade secrets to protect its proprietary technology[38] - The company is subject to data protection legislation and biometric information privacy regulations in various jurisdictions, which could significantly impact its business[40]

Core Insights - authID Inc. reported a significant increase in signed contract Booked Annual Recurring Revenue (bARR) value, reaching $4 million, which represents a 4,800% increase compared to 2022 [1][5] - The company has accelerated its original bARR target of $3 million for June 2024 by six months, now aiming for a target of $9 million for 2024, indicating strong market demand for its biometric solutions [1][4] Financial Performance - Total revenue for the year ended December 31, 2023, was $0.2 million, down from $0.5 million in 2022, primarily due to the discontinuation of a legacy authentication product [5] - Operating expenses decreased by 52% to $10.9 million in 2023 from $22.8 million in 2022, reflecting cost-saving measures [5] - Loss from continuing operations improved to $19.6 million in 2023 from $23.7 million in 2022, with net loss per share improving to $3.19 from $7.72 [5][19] - Cash and cash equivalents as of December 31, 2023, were $10.2 million [5] Operational Highlights - The company has strengthened its sales pipeline and added new talent in identity domain sales and engineering, positioning itself for growth in biometric identity verification [3][7] - authID's multi-layered authentication platform is designed to combat increasing threats from phishing schemes and fraud attacks, showcasing its competitive edge in deepfake detection and biometric authentication [4][7] Future Outlook - The company anticipates continued market momentum and aims to grow its sales pipeline significantly, with a target of $9 million in bARR for 2024 [4][5] - Management expressed confidence in delivering product innovation that addresses evolving fraud trends, reinforcing its leadership in the biometric identity verification market [4][7]

Conference webcast to follow at 5:30 p.m. EST DENVER, March 05, 2024 (GLOBE NEWSWIRE) -- authID Inc. (NASDAQ:AUID), a leading provider of secure identity verification and authentication solutions, today announced the Company will report financial results for the fourth quarter and fiscal year ended December 31, 2023 on Wednesday, March 20, 2024 after market close. Following the earnings release, authID Chief Executive Officer Rhon Daguro and Chief Financial Officer Ed Sellitto will host a webcast at 5:30 p. ...

Core Points - authID Inc. announced the adoption of an Inducement Grant Plan on December 21, 2023, allocating up to 185,000 shares for option awards to attract new employees [1] - The company has granted options to purchase a total of 65,000 shares to three new employees between January 2, 2024, and the present, with exercise prices ranging from $9.31 to $9.61 [2] - Further grants of options are planned for new employees expected to start in the next three weeks, with exercise prices based on the closing price of AUID shares on the grant date [2] Company Overview - authID provides secure identity verification and authentication solutions, ensuring enterprises can accurately verify user identities during logins and transactions [3] - The company's biometric identity platform integrates digital onboarding, FIDO2 login, and biometric authentication, delivering identity verification in 700 milliseconds [3] - authID aims to eliminate fraud at onboarding, reduce password-related risks, and enhance user experience in digital ecosystems [3]

authID Inc. (NASDAQ:AUID) Q3 2023 Earnings Conference Call November 8, 2023 5:30 PM ET Company Participants Rhon Daguro - CEO Ed Sellitto - CFO Graham Arad - General Counsel Tom Szoke - Founder, CTO Conference Call Participants Graham Arad Greetings, and good evening, everyone. I’m Graham Arad, the authID General Counsel. Welcome to authID Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presenta ...

Know Who Is Behind The Device™ Q3 2023 Results Conference Call November 8, 2023 ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40747 authID Inc. (Exact name of registrant as specified in its charter) | --- | |------------------------------------| | | | Delaware | | (Stat ...

authID Inc. (NASDAQ:AUID) Q2 2023 Earnings Conference Call August 10, 2023 5:30 PM ET Company Participants Rhon Daguro - Chief Executive Officer Annie Pham - Chief Financial Officer Graham Arad - General Counsel Tom Szoke - Founder, Chief Technology Officer Conference Call Participants Ricky Solomon - Wilmot David Lerner - Madison Global Partners Operator Hello, and thank you for standing by. Welcome to authID Second Quarter 2023 Earnings Conference Call and webcast. At this time all participants are in a l ...