9/9/2021

speaker
Operator
Conference Operator

Greetings, and welcome to the MIND Technology second quarter 2022 fiscal year conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Ken Denard.

speaker
Ken Denard
Head of Investor Relations

thank you operator good morning and welcome to the mind technology fiscal 2022 second quarter conference call we appreciate all of you joining us today your hosts are rob kaps and guy malden before i turn the call over to management i have a few items to cover if you'd like to listen to a replay of today's call it'll be available for 90 days via webcast by going to the investor relations section of the company's website at mine-technology.com or a recorded instant replay until September 16th. Information on how to access the replays were provided in yesterday's earnings release. Information reported on this call speaks only as of today, Thursday, September 9th, 2021. And therefore, you're advised that time-sensitive information may no longer be accurate as of the time of any replay listing or transcript reading. And before we begin, let me remind you that certain statements made by management during this call may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and include known and unknown risks, uncertainties, and other factors, many of which the company is unable to predict or control that may cause the company's actual future results or performance to materially differ from any future results or performance expressed or implied by these statements. These risks and uncertainties include the risk factors disclosed by the company from time to time in its filings with the SEC, including its annual report on Form 10-K for the year ended January 31st, 2021. Furthermore, as we start this call, Please also refer to the statement regarding forward-looking statements incorporated in our press release issued yesterday. And please note that the contents of our conference call this morning are covered by these statements. Now with that behind me, I'd like to turn the call over to Rob Capps. Rob.

speaker
Rob Capps
Chief Financial Officer

Okay, Ken, thanks. So I'd like to make some overall comments regarding our progress before Guy provides a bit more color and some details. Although the general business and operating environment remains challenging, We continue to make progress towards our longer-term growth goals. We saw a significant increase in revenues over the first quarter, a trend we think will continue to the second half of the year. We believe there's a clear trend of increasing inquiries and order activity across most of our markets. We continue to make good progress on our strategic initiatives to address trends in the marine technology market. Progress on the disposal of assets from our legacy leasing business continues, with a recent agreement for the sale of a significant portion of the remaining assets. So with that, now I'd like to hand things over to Guy to provide some more detail. I'll then come back in a bit with the financial results and address our general market outlook.

Disclaimer

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