GreenPower Motor Company Inc.

Good day and welcome to Green Power Motor Company's year-end earnings call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your touchtone phone. To withdraw your question, please press star, then two. Please note this event is being recorded. I would now like to turn the conference over to Michael Sieffert, Chief Financial Officer. Please go ahead.

Thank you. This is Michael Sieffert, the Chief Financial Officer of Green Power Motor Company. I'd like to welcome everyone to our call to discuss Green Power's year-end and fourth quarter financial results. I'm here today with our Chief Executive Officer, Fraser Atkinson, and our President, Brendan Riley. During today's call, we may make comments or statements about our future expectations, plans, and prospects, which may constitute forward-looking statements for the purposes of the safe harbor provision under the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in our most recent and annual results and MD&A filed on CDAR. In addition, these forward-looking statements relate to the date on which they're made. We anticipate that subsequent events and developments may cause the company's views to change. Green Power disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Also, during the course of today's call, we will refer to certain non-IFRS financial measures. Reconciliation of these non-IFRS measures can be found in our MD&A filed on CDAR, which is located on our website at www.greenpowerbus.com. I'll now pass the call over to Fraser Atkinson.

Thank you, Michael. For the year ended March 31, 2020, Green Power generated record revenue of $13.5 million compared to $6.1 million for the previous year, an increase of 122%. Gross profit for the year was 30% of revenue, which is the company's target, incorporating a blend of all of Green Power's products. Green Power enjoyed record deliveries of 68 vehicles for the year, including 62 EV Stars, four Synapse school buses, and two EV350 40-foot low-floor transit buses. These were across a wide range of sectors including shuttle, microtransit services, band pooling schools, and transit properties. In March of this year, Green Power's operations were temporarily curtailed in response to the COVID-19 pandemic and government stay-in-place orders. In response, management undertook a number of steps both during and after the fiscal year ended March 31, 2020. to improve financial liquidity and manage the impact of these events. Steps taken by management included the temporary reduction in salaries of certain employees, including a 30% salary reduction by myself, the temporary postponement of interest payments on convertible debentures held by insiders, the securing of funds and grants under programs offered in Canada and the US, including the SBA's PPP program, and managing the company's supply chain, including securing critical parts and supplies in order to continue the manufacturing of electric vehicles. While the operational impact of the lockdown and measured reopening hindered operations in a variety of ways, we have emerged in a strong position with great potential for growth ahead. I will now pass the call over to Brendan Riley, the President, to discuss operational highlights.