Profire Energy, Inc.

Good afternoon, everyone, and thank you for participating in today's conference call to discuss Profire Energy's third quarter 2021, ended September 30th, 2021. Following the remarks, we will open the call for a question and answer session. I would now like to turn the call over to Stephen Hoosier, Profire's Investor Relations Advisor.

Thank you, Sherry, and thank you, everyone, for joining us on today's call. With me on the call today are co-CEO and CFO Ryan Oviatt and co-CEO Cameron Tidball. Before we begin today's call, I would like to take a moment to read the company's safe harbor statements. Statements made during this call are not historical or forward-looking statements. This call contains forward-looking statements, including but not limited to statements regarding ongoing regulation changes, the company's expected growth, the company's supply chain performance, expansion in new markets, the company's exploration of M&A opportunities, the successful integration of acquired assets, investments in research and development, and the company's future financial performance. All such forward-looking statements are subject to uncertainty and changes in circumstances. Forward-looking statements are not guaranteed of future results or performance and involve risk, assumptions, and uncertainties that could cause actual events or results to differ materially from the events or results described in or anticipated by the forward-looking statements. Factors that could materially affect such forward-looking statements include certain economic, business, public market, and regulatory risk factors identified in the company's periodic reports filed with the Securities and Exchange Commission. All forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are made only as of the date and time of this call, and the company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances, except as required by law. Readers should not place undue reliance on these forward-looking statements. I would also like to remind everyone that this call is being recorded and will be available for replay through November 18th, starting later this evening. It will be accessible via the link provided in yesterday's press release, as well as the company's website at www.profireenergy.com. Now I would like to turn the call over to co-CEO of Profire Energy, Mr. Cameron Tidball. Cam?

Thank you, Stephen. We welcome those joining us on the call today and to those who will listen to the recording in the coming days. We appreciate your interest in Profire. I will start our call today by providing some updates on the industry and our business. Then I will turn the call over to Ryan to provide a review of the financials. Following Ryan's remarks, I will conclude by providing an update on some of our strategic initiatives as well as some recent business development successes. The third quarter of 2021 began with concerns over the resurgence of COVID due to the Delta variant, however, has since demonstrated ongoing signs of progress and economic recovery. The loosening or full removal of restrictions in some parts of the country has resulted in increased demand for products derived from oil and gas production. Although we fully expect to see continuous change to policies and restrictions surrounding COVID, and potential variants, we are optimistic that the demand for hydrocarbon-based products will continue to rise. Indicators that impact our core business continue to improve and represent positivity for Profire. The average price for a barrel of crude oil increased 73% year-over-year and is currently trading at or near a seven-year high. The increase is due to a combination of increased demand and constrained supply from U.S. producers, as well as OPEC-plus countries, which decided at their last meeting to keep production increases for November limited to the 400,000 barrels per day that was agreed to earlier this summer. Natural gas prices are also at seven-year highs. Higher commodity prices are expected to continue at least through the upcoming winter, but could last longer if supply constraints don't improve. As we have shared previously, higher commodity prices and future optimism has not spurred oil and gas majors to make material changes to their capital investment strategies. They remain committed to debt reduction, reinstating and increasing dividend programs, and maintaining production levels. With the ongoing threat of reduced or lack of capital availability to hydrocarbon producers, we see EMPs striving to build up cash reserves as well as further industry consolidation in the future. As expected, Profire benefited in the quarter from increased completion activity, which is evident by the Ducks count decreasing 40% since its peak in June of 2020. Several producers have begun reinvesting in maintenance capital, which has been deferred or eliminated during the last couple of years. With that, let me turn the call over to Ryan to discuss our financial results. Ryan.