Good morning, and welcome to the SmartRent First Quarter 2021 Earnings Conference Call. [Operator Instructions] And there will not be a Q&A session following the prepared remarks. Before we begin, I would like to remind you that various statements made during this call that are not statements of historical facts constitute forward-looking statements that are subject to risks, uncertainties and other factors that could cause the company's actual results to differ from historical results and/or from its forecast, including those set forth in Fifth Wall Acquisition Corp. I S-4 filed on May 14 and the exhibits thereto. For more information, please refer to the risks, uncertainties and other factors discussed in Fifth Wall Acquisition Corp. I's SEC filings. All cautionary statements that are made during this call are applicable to any forward-looking statements made whenever they appear. You should carefully consider the risks, uncertainties and other factors discussed in Fifth Wall Acquisition Corp. I's SEC filings. Do not place undue reliance on forward-looking statements, which the company assumes no responsibility for updating. Hosting today's call is Lucas Haldeman, Founder and Chief Executive Officer of SmartRent. I will now turn the call over to Lucas. Lucas, please go ahead.

Thank you. Good morning, everyone. Welcome to SmartRent's First Quarter 2021 Earnings Call. We are excited to provide a brief overview of our strong first quarter performance and would like to thank our investors, customers and all of our team members for helping us to get to where we are today. This morning, SmartRent and Fifth Wall Acquisition Corp. I issued a press release announcing SmartRent's first quarter results, which is also available at investors.smartrent.com. I'll begin today's discussion with an overview of the quarter and talk about some business highlights, and we'll then discuss our first quarter financials in greater detail. Before we dig into our first quarter performance, let me start with an overview of our business and why we believe we are uniquely positioned to capitalize on significant growth opportunities. SmartRent was founded in 2017 as an enterprise smart home and smart building technology platform for owners, managers and residents. Over the last several years, we have seen rapid growth in our business as we developed a single, fulsome solution to managing all smart home residential technology that is deeply integrated within each residential community. Our real estate owners and operators enjoy seamless visibility and control over their assets as well as cost savings and additional revenue opportunities through all-in-one home control offerings, while our residents derive the benefits of an elevated, smart living experience as well as potential cost savings. We believe we have developed the most scalable and owner-operator friendly smart home operating system in the industry and have a growing base of recurring revenue with an opportunity to generate up to $1.5 billion in annual revenue solely from our existing customer base. We are proud of the fact that 15 of the top 20 multifamily owners in the U.S. have chosen to partner with…

The conference has now concluded. You may disconnect your lines at this time. Thank you for your participation and enjoy your day.