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L-1 Identity Solutions Q1 2010 Earnings Call Transcript

L-1 Identity Solutions (ID)

Q1 2010 Earnings Call

May 05, 2010 4:00 pm ET

Executives

James DePalma - Chief Financial Officer, Executive Vice President and Treasurer

Lisa Cradit - Financial Dynamics

Unknown Speaker -

Robert LaPenta - Chairman, Chief Executive Officer and President

Analysts

Michael French - Morgan Joseph & Co., Inc.

Michael Kim - Sandler O'Neill & Partners

Daniel Meron - RBC Capital Markets Corporation

James Ricchiuti - Needham & Company, LLC

Howard Rubel - Jefferies & Company, Inc.

Stephen Velgot - Susquehanna Financial Group, LLLP

Jeffrey Kessler - Lehman Brothers

Paul Coster - JP Morgan Chase & Co

Presentation

Operator

Welcome to L-1 Identity Solutions Conference Call regarding the company's first quarter 2010 financial results. [Operator Instructions] Now I will turn the floor over to Lisa Cradit.

Lisa Cradit

Thank you for joining us for the first quarter 2010 financial results conference call. Statements that representatives of L-1 Identity Solutions make during this call that are not historical facts are forward-looking statements made under the safe provision harbor (sic) [Safe Harbor provision], Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management's current beliefs and assumptions and involve inherent risks and uncertainties. Any statements made today about future expectations or results are necessarily only estimates.

Factual (sic) [Actual] results could differ materially from any forward-looking expectation. Factors that may cause differences between forward-looking expectations and future actual results are fully described in the company's SEC filings. The company expressly disclaims any obligation to revise or update any forward-looking statement. Representatives of L-1 plan to use a number of defined financial terms during today's call, including certain non-GAAP financial term. Please refer to the company's press release issued this morning, which appears on our website for further definition of and context for the use of these terms, including a reconciliation of the non-GAAP financial term to the most currently relevant GAAP financial term.

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