CSP Inc.

Good day, ladies and gentlemen, and welcome to CSPI's fourth quarter fiscal 2018 conference call. My name is Chris, and I'll be your coordinator for today. At this time, all participants are in a listen-only mode. We will conduct a question and answer session towards the end of this conference call. I would now like to turn the call over to CSPI Chief Financial Officer Gary Levine. Please proceed, sir.

Thank you. Good morning, everyone, and thank you for joining us. With me on the call today is Victor Dellovo, CSPI's Chief Executive Officer. Before we begin, I'd like to remind you that during today's call, we will take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to statements that may be deemed to be forward-looking under the Act. The company cautions that numerous factors could cause actual results to differ materially from forward-looking statements made by the company. Such risks include general economic conditions, market factors, competitive factors, pricing pressures, and others described in the company's filings with the SEC. Please refer to the section on forward-looking statements included in the company's filings with the Security and Exchange Commission. During today's call, after Victor provides an introduction, I'll discuss our fourth quarter financials. Victor will come back for an update on our business segments and our strategic progress. And then we'll open it up to your questions. With that, I'll turn it over to Victor.

Thanks, Gary. We had a busy fourth quarter to end fiscal year 2018. We closed on the sale of a German operation, transitioned the accounting for a UK office to Florida, continued to develop our next generation cybersecurity solutions, including introducing a new cybersecurity application, and recently signed two new partnerships to expand our reach. Financially, fourth quarter revenues were down 31%, primarily due to lower multi-computer sales. Product sales in the UK in the U.S. in the delay of the launch of our ARIA software-defined security solution. On the bottom line, we reported net income of $16.2 million, or $4.07 per diluted share, which includes a gain on the sale of our German operation of $16.8 million. In our high-performance product segment, we continue to experience stronger-than-expected demand for our legacy Mericon network adapters. and further developed our next generation ARIA SDS cybersecurity solution. In the technology solution, our U.S. operations benefit from an increased demand for our IT managed services. After Gary reviews the financial results for the quarter, I'll come back with a detailed review of our achievements and our progress in Q4 by segment. Gary.