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» iPass Inc. Q4 2009 Earnings Call Transcript
Actual outcomes and results may differ materially from expectations contained in these statements due to a number of risks and uncertainties, including the risks and uncertainties set forth in today’s press release as well as in our most recent quarterly report on Form 10-Q and annual report on Form 10-K under the section, risk factors that are filed with the Securities and Exchange Commission. These reports are available on our website and at www.sec.gov. Please note that iPass undertakes no responsibility to update the information in this conference call under any circumstances.On this call, we will also provide and talk about our results using non-GAAP financial measures. The press release and our website include text and tables that explain how we define and calculate the various non-GAAP metrics and the reconciliation of non-GAAP results to GAAP results. The press release and Form 8-K announcing our financial results are available on our website at www.ipass.com. This earnings call is being recorded for replay. It is being webcast and will also be available on our website for one quarter until the next earnings call. Please note that this webcast is the property of iPass and any copying or rebroadcast without the express prior written consent of iPass is prohibited. With that, I’d like to turn the call over to Evan. Evan Kaplan Thanks, Steven. Good afternoon, everyone. Thanks for joining the call. Before I jump in to my commentary, I want to take the opportunity on this kick-off call of the year to provide, in addition to the consistent narrative about our performance for the quarter, little more expansive discussion about the changes we’re seeing in the mobility market, how it’s impacting us and what we think it means. Hope you find that useful. With that, let me start by saying that I edited some of my comments here on a flight back from Barcelona yesterday where I attended Mobile World Congress. Mobile World Congress is the largest gathering of mobile telecom companies and their suppliers globally. I was there to meet with customers and partners and I want to try relate to you some of my enthusiasm on the massive changes that are happening in our marketplace and the increasingly important role that iPass can play working with enterprises, global telecom companies to help them address their pain points and take advantage of their opportunities.
Particularly exciting for us is the increasing recognition of the importance of Wi-Fi for mobile network providers. We see the activity and it feels like we’ve begun what some are calling the second wave of Wi-Fi. It’s a great dynamic, and I’ll talk to you more about it in a few minutes.Looking at the company results for a moment, I’m pleased that we’re coming off a better than expected Q4 performance, but the far more important takeaway is the business is beginning to get some real traction around open mobile and signing deals with enterprise customers and, importantly, with carriers. With that in mind, let me begin with three takeaways that I want you to leave the call with. First, we believe there are important material and compelling themes in the enterprise mobility and global network connectivity markets that are playing out really well for iPass. Second, we’re pleased with the solid financial results for Q4 and third, we’re bullish on what we’re doing and excited about the 2011 – about 2011 and look forward to the important milestone if we’re turning to growth for the company as we exit this year. First, let’s begin by talking about the important evolution that’s going on in the enterprise mobility and network connectivity market. These are playing to iPass’ core competencies, our set of unique assets on our overall strategy. Read the rest of this transcript for free on seekingalpha.com