SILC - Silicom Ltd. (SILC) Q1 2024 Earnings Call Transcript
2024-05-04 11:28:09 ET
Silicom Ltd. (SILC)
Q1 2024 Earnings Conference Call
May 02, 2024, 09:00 AM ET
Company Participants
Kenny Green - EK Global Investor Relations
Liron Eizenman - President and CEO
Eran Gilad - CFO
Conference Call Participants
Alex Henderson - Needham & Company
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Silicom First Quarter 2024 Results Conference Call. All participants are at present in listen-only mode. Following management's formal presentation, instructions will be given for the question-and-answer session. As a reminder, this conference is being recorded. You should have all received by now the company's press release. If you have not received it, please contact Silicom's Investor Relations team at EK Global Investor Relations at 1212378-8040 or view it in the news section of the company's website, www.silicom-usa.com.
I would now like to hand over the call to Mr. Kenny Green of EK Global Investor Relations. Mr. Green, would you like to begin, please?
Kenny Green
Thank you, operator. I would like to welcome all of you to Silicom's first quarter 2024 results conference call. Before we start, I would like to draw your attention to the following safe harbor statement. This conference call contains forward-looking statements. Such statements may include, but are not limited to, anticipated future financial operating results and Silicom's outlook and prospects. Those statements are based on management's current beliefs, expectations and assumptions, which may be affected by subsequent business, political, environmental, regulatory, economic and other conditions and are subject to known and unknown risks and uncertainties and other factors, many of which are outside of Silicom's control. These may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements and which include, but are not limited to, Silicom's increasing dependence for a substantial amount of revenue growth on a limited number of customers, the speed and extent to which Silicom solutions are adopted by relevant markets, difficulty in commercializing and marketing of Silicom's products and services, maintaining and protecting brand recognition, protection of intellectual property, competition, disruptions to manufacturing, sales and marketing, development and customer support activities, the impact of oil in Israel and in the Ukraine, rising inflation, rising interest rates, volatile exchange rates as well as any continuing or new effects resulting from the COVID-19 pandemic and the global economic uncertainty, which may impact customer demand through the exercising greater caution and selectivity of short-term IT investment plans. The factors noted are not exhaustive. Further information about the company's businesses, including information about factors that could materially affect Silicom's results of operations and financial condition are discussed in the annual report filed on Form 20-F and other documents filed by the company that may be subsequently filed by the company from time to time with the Securities and Exchange Commission. Therefore, there could be no assurance that actual or future results would not differ significantly from anticipated results.
Consequently, investors are cautioned not to rely on these forward-looking statements. Silicom does not undertake to update any forward-looking statements as a result of new information or future events or developments, except as may be required by law....
Silicom Ltd. (SILC) Q1 2024 Earnings Call Transcript