AuthenTec, Inc. Q1 2010 Earnings Call Transcript

AuthenTec, Inc. (AUTH)

Q1 2010 Earnings Call

May 12, 2010 5:00 pm ET

Executives

Brett Perry – Shelton Group

F. Scott Moody – Chief Executive Officer & Director

Gary R. Larsen – Chief Financial Officer

Lawrence J. Ciaccia, Jr. – President

Analysts

Steve Smigie – Raymond James & Associates

Steve Dyer – Craig-Hallum Capital Group, LLC

Jeffery Schreiner – Capstone Investments

Brian Ruttenbur – Morgan Keegan & Company

Presentation

Operator

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Welcome to AuthenTec’s first quarter 2010 financial results conference call. At this time all participants are in listen only mode. At the conclusion of today’s call instructions will be given for a question and answer session. As a reminder, this conference is being recorded today, Wednesday, May 12, 2010. I would now like to turn the call over to Brett Perry with Shelton Group, investor relations agency of record for AuthenTec.

Brett Perry

Thank you everyone for joining us today to discuss AuthenTec’s first quarter 2010 financial results. With me today on the call are Scott Moody, AuthenTec’s CEO; Gary Larsen, CFO; and Larry Ciaccia, President. As the operator mentioned, this call is being recorded. It’s also being broadcast live in voice mode over the Internet and may be accessed over the Internet in the investor relations section of AuthenTec’s website at investors.AuthenTec.com.

After the market closed today AuthenTec issued a press release discussing its financial results for the first quarter ended April 2, 1010. By now, everyone should have access to the press release and financial tables. However, if you do not they are available on the company’s website. Please be advised that the matters discussed in this teleconference contain forward-looking statements regarding future results or events.