Procera Networks (PKT) Q2 2012 Earnings Call August 02, 2012 4:30 pm ET Executives Todd Kehrli - Co-founder and Executive Vice President James F. Brear - Chief Executive Officer, President and Director Charles Constanti - Chief Financial Officer, Principal Accounting Officer, Vice President, Secretary and Treasurer Analysts Sanjiv Wadhwani - Stifel, Nicolaus & Co., Inc., Research Division Jason Ader - William Blair & Company L.L.C., Research Division Alex Kurtz - Sterne Agee & Leach Inc., Research Division Victor Chiu Daniel T. Cummins - ThinkEquity LLC, Research Division Catharine Anne Trebnick - Northland Capital Markets, Research Division Brent A. Bracelin - Pacific Crest Securities, Inc., Research Division PresentationOperator
Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Procera Networks Second Quarter 2012 Financial Results Conference Call. [Operator Instructions] This conference is being recorded today, Thursday, August 2, 2012. And I'd now like to turn the conference over to Todd Kehrli of the MKR Group. Please go ahead. Todd Kehrli Thank you, operator. Good afternoon, and welcome to Procera Networks' Second Quarter 2012 Financial Results Conference Call. On the call today from Procera are Jim Brear, Chief Executive Officer; and Charles Constanti, Chief Financial Officer. Before we begin, let me note that the information about to be discussed contains forward-looking statements, including statements relating to the expected demand for Procera's products and Procera's expectations for growth in 2012. These forward-looking statements involve risks and uncertainties, as well as assumptions that if they do not fully materialize or prove incorrect, could cause the actual results to differ materially from those expressed or implied by such forward-looking statements. These risk factors include risks related to the acceptance and adoption of Procera's products; the company's ability to service and update its products; lengthy sales cycles and lab and field trial delays by service providers; the company's dependence on a limited product line or dependence on key employees; its ability to compete in its industry with companies that are significantly larger and have greater resources; its ability to protect its intellectual property rights in the global market; its ability to manufacture product quickly enough to meet potential demand; and other risks and uncertainties described fully in the company's documents filed with, or furnished to, the Securities and Exchange Commission.
Investors in Procera Networks Inc saw new options begin trading this week, for the May 2015 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 148 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.