Syntec Optics Holdings, Inc.

Good afternoon, and welcome to Cintiq Optics Holdings Inc's second quarter earnings call. My name is Drake, and I'll be your operator for today's call. As a reminder, this conference call is being recorded. At this time, all participants are in a listen-only mode. I'll now turn the call over to Dean Rudy, Cintiq Optics' chief financial officer. Please go ahead.

Thank you, operator, and welcome everyone to Cintiq Optics' second quarter earnings call. Al Kapoor, Chairman and Chief Executive Officer of Syntec Optics, will join me today for a call to discuss the company's financial and operational results for the second quarter of 2024. Here's a few quick reminders before we start. First, today's call is being webcast, and our press release can be accessed along with it on the investor section of the company's website, www.syntechoptics.com. Second, we'll make forward-looking statements based on current expectations during this call. Actual results may differ due to factors noted in today's release and in our periodic SEC filings. Finally, we will reference some non-GAAP financial measures. Reconciliations to the nearest corresponding gap measure are included in today's release and on our website. With that, I will turn the call over to Al.

Thank you, Dean. And thank you to everyone joining us today for Syntec Optics Earnings Call. For those of you who are newer to our story, I will begin by taking a few minutes to give you some information about Syntec's strategy and how we're executing it. Syntec Optics' strategy is to lead the large yet often, what we think, an overlooked market for light-enabled products by offering a diverse product portfolio tailored to blue chip customers' needs. This approach leverages our operations strengths and is built on solid foundation that is financially sound. To achieve this, we are focusing on the following. One, we will grow by having a large target as addressable market, which is the rapidly expanding segment of the global economy driven by light-enabled technologies. This is not small. It is 11% of the total global GDP per SVIE 2022 report. Two, within this large target, we will add acyclical end markets by focusing on recession-resistant markets, including communications, defense, biomedical, and consumer sectors. Three, we will leverage existing strengths in such end markets by utilizing our existing customer base, market presence, and operational capability to support all new product launches, capitalizing on our unique abilities across horizontal diverse technologies. Four, employee retention will complement our leverage of strengths. We aim to maintain what we currently have, one in five employees with over 10 years in service, continuing our commitment to being the best place to work for in our community. Five, we will continue to build relationships with blue chip customers and expand our business with industry leaders across all the markets, including new products in space optics and biomedical optics. Our ability to be strong supply chain partners makes us a safe and dependable choice for their high precision products. Next, we will also continue to develop products around core capabilities, enhancing our competitive advantage by building 20 years of innovation, manufacturing expertise, trade secrets and patents. And this way, we will continue to generate stakeholder value. We are executing this syntax strategy by continuing to be a leading provider of mission-critical optics and products to advance technology partners in defense, biomedical, and communications equipment. Our operations span the development of advanced manufacturing processes, the design and assembly of mission-critical products, the integration of these products, and other innovative ancillary components into sub-assemblies for subsystems, and marketing and selling these subsystems into a diverse set of markets, including biomedical disposable, biomedical defense, consumer, and communications end markets. We market mission-critical optics through our blue-chip customers, advanced technology integrators, and OEM customers who rely on optoelectronics, light-enabled devices, and intelligence that requires high precision and reliability. We have a 90,000-square-foot facility, vertically and horizontally integrated advanced manufacturing facility in Rochester, New York, where we are headquartered. Syntec wins in the marketplace because our customers appreciate our unique ability to achieve tough specifications at benchmark costs by deploying our patent portfolio combined with our proprietary manufacturing trade capabilities. Before discussing our growth opportunities and some of our other operational highlights, I will turn back to Dean to review our financial and operating results. Dean.