DIRTT Environmental Solutions Ltd.

Good day, everyone, and thank you for standing by. Welcome to third, second quarter, 2026 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the presentation, there will be a question and answer session. To ask a question, you will need to press star 11 on your telephone. You will then hear a message advising your hand is raised. To withdraw your question, please press star 11 again. Thank you, Operator, and good morning, everyone. Welcome to today's call to discuss DIRT's second quarter 2026 financial results.

Joining me on the call today are Benjamin Urban, our Chief Executive Officer, and Faria Khan, our Chief Financial Officer. Today's call will include forward-looking statements within the meaning of applicable Canadian and United States securities laws. These statements are based on our current expectations and are not guarantees of future performance. Actual results may differ materially from those expressed or implied by these statements. We will also reference non-GAAP measures during this call, including adjusted EBITDA and adjusted gross profit. Reconciliations of these measures to the most directly comparable GAAP measures can be found in our quarterly filing and supplemental materials. With that, I'll turn the call over to Faria to review our financial results.

Thank you, Adrian, and good morning, everyone. Revenue for the second quarter of 2026 was $40.3 million compared to $38.9 million in the prior year period, representing growth of approximately 4% year-over-year. Product revenue totaled $38.9 million, while service revenue was $1.4 million. Commercial activity remained a significant contributor to product revenue during the quarter, reflecting continued strength in our largest end market. Gross profit for the quarter was $14 million compared to $10.8 million in the second quarter of 2025. Growth margin expanded to 34.7% compared to 27.8% in the prior year period, reflecting moderated tariff and other input costs, ongoing transformation execution, and improvements in operating efficiency. Adjusted gross profit was $14.9 million compared to $11.8 million in the prior year period, while adjusted gross profit margin improved to 37% compared to 30.4% in the second quarter of 2025. Total operating expenses were $12.7 million, down from $15.2 million in the prior year period. The decrease reflects lower spending across sales and marketing, general and administrative, operations support, and technology and development functions, partially upset by increased stock-based compensation and reorganization expenses. Excluding stock-based compensation, depreciation amortization, and reorganization expenses, operating expenses also declined year over year, reflecting actions taken to simplify the organization, improve operating efficiency, and better align our cost structure with the needs of the business. Reorganization expense was approximately $1.1 million during the quarter and reflects continued actions associated with the company's transformation initiatives. Operating income for the quarter was $1.3 million compared to an operating loss of $4.3 million in the second quarter of 2025. Net income after tax was $1.1 million compared to a net loss after tax of $6.6 million in the prior year period. The improvement was driven primarily by higher gross profits, lower operating expenses, reduced foreign exchange headwinds, and continued execution of our operating strategy. Adjusted EBITDA was $4.7 million or 11.8% of revenue compared to an adjusted EBITDA loss of $2 million or negative 5.2% of revenue in the prior period. Turning to liquidity, net cash provided by operating activities was $0.9 million during the quarter compared to net cash used in operating activities of $3.9 million in the second quarter of 2025. We ended the quarter with approximately $14.8 million of cash and cash equivalents. For the first six months of 2026, revenue was $82.7 million compared to $80.2 million in the prior year period. Gross profit was $27 million or 32.6% of revenue compared to $25.4 million or 31.6% of revenue for the prior year period. Adjusted gross profit was 28.9 million or 34.9% of revenue compared to 27.3 million or 34.1% of revenue in the prior year period. Adjusted EBITDA was 6.1 million or 7.4% of revenue compared to approximately break-even adjusted EBITDA in the prior year period. Based on our performance to date and current expectations regarding project timing and revenue conversion, we are updating our 2026 outlook. to revenue of $175 million to $185 million and adjusted EBITDA of between $21 million and $25 million. Despite the revised revenue outlook, we remain confident in the underlying health of the business, our ability to continue expanding profitability, and our capacity to create meaningful long-term value for shareholders. With that, I'll turn the call over to Benjamin.