CSP Inc.

Good day, ladies and gentlemen, and welcome to CSPI's fiscal 2025 Third Quarter Results Conference Call. At this time, all participants are on a listen-only mode, and the floor will be open for questions and comments after the presentation. It is now my pleasure to turn the call over to your host, Michael Polivio. Michael, the floor is yours.

Thank you, Tom. Hello, everyone. Thank you for joining us to review CSPI's financial results for the fiscal 2025 Third Quarter and the June 30, 2025, as well as recent operating developments. Today, with me on the call is Victor DeLoveau, CSPI's Chief Executive Officer, and Gary Levine, CSPI's Chief Financial Officer. After Victor and Gary conclude their opening remarks, we'll then open the call for questions. During the Q&A session, we ask participants to limit themselves to one question and one follow-up question, then re-queue if you have additional questions. Statements made by CSPI's management on today's call regarding the company's business that are not historical facts may be photo-looking statements as those identified in federal securities laws. The words may, will, expect, believe, anticipate, project, plan, intend, estimate, and continue, as well as similar expressions are intended to identify photo-looking statements. Photo-looking statements should not be meant as a guarantee of future performance or results. The company cautioned you that these statements reflect the current implications about the company's future performance or events and are subject to several uncertainties, risks, and other influences, many of which are beyond the company's control, that may influence the accuracy of the statements and the projections upon which the segment and statements are based. Factors that may affect the company's results include but are not limited to the risks and uncertainties discussed in the risk factors section of the annual report, in Form 10K, in the quarterly report on Form 10Q, File, Excursion, and Exchange Commission. Photo-looking statements are based on the information available at the time those statements are made and management's good faith believes as of the time with respect to future events. All photo-looking statements are qualified in their entirety by this cautionary statement and a CSPI undertake no obligation to publicly revise or update any photo-looking statements whether as a result of new information. Future events are otherwise active to date, they're up. With that, I'll turn the call over to Victor DiLobbo, Chief Executive Officer. Victor, please go ahead.

Thanks, Michael, and good morning, everyone. Our fiscal third quarter revenue was $15.4 million, representing an 18% increase over last year's third quarter revenue. It also represents an 18% sequential increase over our prior quarter and illustrates the building momentum our business segments are generating in the market. A technology solution segment is currently driving our revenue growth as in the high performance product segment we continue to build awareness and more importantly significant deal pipeline for our highly differentiated ADT protect cybersecurity offering. Midway through the fiscal fourth quarter, the momentum is continuing and we believe that if current trends continue, we'll be able to grow both top and bottom line for the full fiscal year. Our managed cloud business provides customers with customized managed infrastructure solutions, moving their technology and data management to the cloud and continues to exceed our expectations. We have gained significant traction in niche markets including the container shipping industry. Recently one of our customers increased our involvement with their operation to provide cloud services to their headquarters after we built it, a hugely successful tracker record with their vessels. T.S. has experienced strong momentum in the cloud initiatives driven by successful execution over 20 active projects and the span range from industries and use cases. The growth reflects the company's strategic focus on delivering secure, scalable and high performance cloud solutions tailored to clients needs from infrastructure modernization to advanced cybersecurity services. By leveraging its deep expertise and strong customer relationship, T.S. has been able to rapidly expand its cloud portfolio enabling organizations to accelerate digital transformation and achieve greater operational agility. The breadth and diversity of these active projects underscore T.S.'s ability to meet complex technical demands while positioning itself as a trusted partner in the evolving cloud market. Overall the T.S. business generated strong revenue growth and demand remained strong during the fourth quarter. In the high performance product or HPP segment, Aria AZT Protect continues to build momentum in the operational technology marketplace. During the fiscal third quarter, working through our Gold Star Rockwell automation resell, we deployed at new customers in steel, concrete and lumber industries. In most cases the customers deploying AZT Protect at an individual site and through successful implementation of our solution we pursue expansion within the organization, creating a potential for five to six figures long term relationships with these end user customers. We have settled on a land and expand sales approach with the feedback from our resellers. So what does that mean by land and expand in the steel industry? We recently signed the first customer, one of the US largest steel producer mill site. The customer loved our ability to lock down the environment and already have seen success in stopping an unintentional update that could have taken down the mills production. We have called this feature industrial control lockdown. As we built a track record at that site we have gained trust and traction with other plants within the company operation. Especially now that we have internal reference plant is willing to vouch for us, over time this could result in significant company wide relationship for us. This approach is broadening ideal pipeline for AZT which continues to offer operational technology marketplace a unique effective cybersecurity industrial control solution. This is the same process in which we secure the multi-million dollar opportunity within the global pharmaceutical company in fiscal 2024 which will continue to support AZT Protect for six figure annually for this customer as mentioned in the last quarter's press release. Q3 was the first quarter working with the three largest Rockwell resellers, each which does tens of billions of revenue in the US each year. We talked to each of their top executives in July and the feedback was overwhelmingly positive. Starting, they all feel we're right on track to meet their sales plans for the product which should see strong expansion within the next three to six months after laying out the groundwork in Q3 and Q4. One of these resellers is Rexel USA, industrial leader in supply industrial equipment throughout the United States. Rexel provides a variety of products to industrial customers across the US and is a premier Rockwell automation distributor. Here is the feedback quoted. We can now see how to properly position this product and unlike other industrial automation products we sell, the sales cycle is much shorter. It gives us a chance to have conversations at an executive management level with our customers and we are already engaged in opportunities to deploy in large multi-site US customers. They also asked for patience as they position ARIA AZT for expanding revenue opportunities within their large customer base. CED and Sonopi USA echoed similar statements saying they are both excited about the opportunity to grow business in FY26. Now that they have had initial success with selling the product, based on their expert opinion they estimate we are somewhere near the end of early adoption cycle and moving towards revenue acceleration. One of our major wins which was received late in Q2 and announced during the fiscal third quarter was the initial order was to protect energy management equipment at each tower at one of the largest cell towers in South Africa. This came from the South Africa distributor Oryx. Later in the quarter we announced a follow-up order to provide protection for security camera monitoring systems deployed at the same company's towers. This is important development as we currently have ARIA team members on the ground in South Africa to foster stronger relationships. Deployment of these AZT protect installation often requires a customized approach for the first deployment. Specifically involved our team integrated our solver to be used within the system in products supplied by other vendors. As a result the initial deployment process could take longer than we would like. However, once the initial integration is done the result is a sticky solution that can be deployed automatically across each vendor's customers as they deploy or upgrade their products. This ability to add AZT protect to the company's existing industrial IoT system is a new major driver behind our growing pipeline while facing a market segment with little current competition. What this means is that not only can we expand by protecting cell tower industrial IoT infrastructure in other regions of the world but also protect the same type of products as they are deployed across a variety of industries and sectors. Oryx is extremely bullish on AZT protect in its unique value proposition for large growing industrial IoT market. Looking at the feedback from the three largest rock well resellers in the US combined with the exciting progress with our partner in Oryx we believe we have made tremendous progress and are confident in our ability to maximize our returns from AZT protect. We continue to make prudent investments in the marketing AZT protect which includes conference participation in attending region events held by distributors to build off their existing customer relationships. We finished the quarter with more than $26 million in cash and cash equivalent while continuing to invest in our AZT product line. Additionally, we repurchased 19,000 common shares on the open market during the quarter and the board of directors authorized another three cents per share quarterly cash dividend. In summary, the TS business continues to generate consistent strong growth while we continue to build our presence with major customers for AZT protect in the HPP segment. Our fiscal fourth quarter at this point is going really well and we are positioned to finish the year ahead of fiscal 2025. CSPI was added to the Russell 3000 index effectively June 30th, 2025 as part of the 2025 Russell index reconstitution which enhances our visibility among institutional investors. Now I will ask Gary to provide a brief overview of the fiscal third quarter in nine months financial performance. Gary.