Smith Micro releases positive Q3 2023 results, looks forward to AT&T partnership and new family safety innovations.

;of 2022. Non-GAAP operating expenses, when adjusted for the impact of stock-based compensation, amortization of intangible assets, and other non-recurring expenses were $8.8 million for the third quarter of 2023, which was a decrease of approximately $2.6 million or 23% compared to the third quarter of 2022. The decrease in operating expenses was primarily due to a reduction in employee-related costs and other expenses related to cost reduction initiatives. We continue to be focused on managing our expenses and driving efficiencies throughout the business to support our profitability objectives. As we have previously communicated, we have made significant progress in reducing our operating expenses and expect this trend to continue into the future. Non-GAAP operating expenses for the year-to-date period ended September 30, 2023, were $27.2 million, a decrease of $11.3 million or 29% compared to the year-to-date period ended September 30, 2022. We reported non-GAAP net income of approximately $600,000 for the third quarter of 2023, a significant improvement from a net loss of approximately $4.9 million in the third quarter of 2022. Our non-GAAP net income for the year-to-date period ended September 30, 2023, was approximately $2.9 million compared to a net loss of approximately $15.3 million for the same period in 2022. We generated $1.5 million in cash flow from operations and had $8 million in cash and cash equivalents as of September 30, 2023. Approximately 2 million warrants expired unexercised during the quarter, and the principal balance on the convertible notes was approximately $4.1 million. During the quarter, we also completed the migration process with AT&T and we are anticipating a zero balance on our note. We are optimistic about our partnership with AT&T and expect substantial revenue growth from this customer in the coming quarters. Looking ahead, we are planning to introduce SafePath Premium in 2024, an AI and machine learning-driven product aimed at addressing cyberbullying and other inappropriate content on social media. We are also preparing to launch SafePath Global, a new deployment model designed to serve Tier 2 and Tier 3 operators and expand into new geographic markets. In summary, we are pleased with our financial performance for the third quarter and are confident in our ability to continue executing on our strategic initiatives to drive long-term growth and profitability. I will now turn the call back over to Bill for some closing remarks. Bill Smith: Thanks, Jim. It’s been a very busy and productive quarter for us, and I’m thrilled to see the progress we are making. While we’ve had some challenges with declines in legacy products, we have remained focused on our strategic initiatives and have achieved significant improvements in our financial results. We are excited about the future and the opportunities that lie ahead, particularly with our partnerships with AT&T and the upcoming introduction of new products like SafePath Premium and SafePath Global. We are also optimistic about our prospects for growth in 2024, with plans to further expand into new geographic markets and serve Tier 2 and Tier 3 operators with our new deployment model. We are confident in our ability to execute on these initiatives and drive long-term value for our shareholders. I want to thank our team for their hard work and dedication, and I also want to express my gratitude to our investors for their continued support. We are excited about the future and look forward to delivering strong results in the coming quarters. I will now open the call for questions. Operator: [Operator Instructions] Thank you. We will now begin the question-and-answer session. [Operator Instructions] Thank you. I would now like to turn the call back over to Mr. Charles Messman for closing remarks. Charles Messman: Thank you, everyone, for joining us today. We appreciate your interest in Smith Micro and look forward to updating you on our progress in the future. Have a great day. Operator: Thank you. This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.