Wireless Ronin's CEO Discusses Q1 2011 Results - Earnings Call Transcript
Risks and uncertainties that could cause our actual results to differ from those expressed or implied by forward-looking statements include those set forth in the risk factors section of the annual report on Form 10-K we filed on March 22, 2011.
In addition, our comments may contain certain non-GAAP financial measures, including non-GAAP operating loss per share, for additional information, including a reconciliation from GAAP results to non-GAAP measures. How the non-GAAP measures provide useful information and why we use non-GAAP measures please see the reconciliation section of our press release, which appears on our website at www.wirelessronin.com.
Now, I’d like to turn the call back over to Scott.
Scott KollerThanks, Erin. Good afternoon, everyone and thank you for joining us on today’s call. Let’s get started with some highlights of our activities over the last three months. In Q1, we had sales of $2.4 million, a 123% increase in year-over-year performance and the largest first quarter in the company’s history. This growth was driven by a 264% year-over-year increase in sales of our RoninCast software.We also announced Sprint 4G teaming and co-marketing agreement, a relationship we believe significantly expands our sales presence and reach. We saw further expansion of the Chrysler iShowroom initiative with the addition of the FIAT product line, further evidence of Chrysler’s confidence in our ability to execute our technology and our people.And we continued to grow our presence in the food service industry with the RoninCast (inaudible) for the Johnny Rockets digital signage program, adding another key relationship in our growing list of clients in this very important vertical.In addition, the company has completed four months of strategic planning and internal assessment with Howe Associates. This initiative has resulted in an emerging strategic plan designed to increase customer value and accelerate our ability to grow Wireless Ronin
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