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Wave Systems' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Wave Systems Corporation (WAVX)

Q2 2012 Earnings Call

August 9, 2012 4:30 PM ET


Jerry Feeney – CFO

Steven Sprague – President and CEO


Ronald Meyer – REM Financial

Timothy Collins – Security Research Associates

Kevin Gusinow – First Place Financial

Robert Isler – Private Investor

Jeff Patterson – Private Investor

Dev Adarsh – Private Investor



Welcome to the Wave System Second Quarter Conference Call. During the presentation all participant lines will be in a listen-only mode. Afterwards we will conduct a question-and-answer session.

(Operator Instructions)

I would now like to turn the conference over to Jerry Feeney, Wave Chief Financial Officer. Please go ahead sir.

Jerry Feeney

Thank you and good afternoon everyone. During the course of this conference call, we may make forward-looking statements regarding future events or the future financial performance of the company. We caution you that these statements are only predictions, and that the actual events or results may differ materially.

Additionally, we refer you to the documents the company files from time to time with the Securities and Exchange Commission. These documents identify and describe important factors that can cause the after results to differ materially from those contained in any forward-looking statements that we may make.

At 4:00 O’clock this afternoon, we released our financial results for the second quarter of 2012. These can be found on our website at Please refer to the company’s press release for more details relating to the financial results.

For the second quarter ended June 30 2012, Wave’s net revenues were $7.761 million, compared to the second quarter 2012 net revenues of $8.94 million and the first quarter of 2012 net revenues of $6.982.

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