Tom Stanton | Chief Executive Officer |
Mike Foliano | Chief Financial Officer |
Bala Reddy | Goldman Sachs |
Michael Genovese | Rosenblatt Securities |
Bill Dezellem | Tieton Capital |
Paul Essi | William K. Woodruff |
Tim Savageaux | Northland Capital |
Fahad Najam | Loop Capital |
Orin Hirschman | AIGH |
Ladies and gentlemen, thank you for standing by and welcome to ADTRAN's First Quarter 2022 Earnings Release Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer period. [Operator Instructions] During the course of the conference call, ADTRAN representatives expect to make forward-looking statements, which reflect management's best judgments based on factors currently unknown.
However, these statements involve risks and uncertainties, including the continued spread and extent of the impact of the COVID-19 global pandemic, the ability of component supplies to align with customer demand, the successful development and market acceptance of our products, competition in the market for such products, the product and channel mix, component costs, freight and logistic costs, manufacturing efficiencies and other risks detailed in our Annual Report on Form 10-K for the year ended December 31, 2021, and our quarterly report on Form 10-Q for the quarter ended March 31, 2022.