Precision Optics Corporation, Inc.

Good afternoon, and welcome to the Precision Optics fourth quarter and fiscal year 2023 financial results conference 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 telephone keypad. 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 Robert Bloom with Lithium Partners. Please go ahead.

All right. Thank you very much, Gary, and thank you to everyone joining us on today's call. As the operator mentioned, we're here to discuss Precision Optics' fourth quarter and fiscal year 2023 financial results for the period ending June 30, 2023. With us on the call representing the company today are Dr. Joe Forkey, Precision Optics President and Chief Executive Officer, and Wayne Cole, the company's Chief Financial Officer. At the conclusion of today's prepared remarks, we'll open the call for a question and answer session. Today's conference call is also being webcast with the replay capabilities available both through the webcast as well as through dial-in instructions. The details of both were included in today's press release. Before we open with prepared remarks, we submit for the record the following statement. Statements made by the management team of Precision Optics during the course of this conference call may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as may, future, plan or planned, will or should, expected, anticipates, draft, eventually, or projected. Listeners are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements. including the risk that actual results may differ materially from those projected in the forward-looking statements as a result of various factors and other risks identified in our filings with the Securities and Exchange Commission. All forward-looking statements contained during this conference call speak only of the date in which they were made and are based on management's assumptions and estimates as of such date. The company does not undertake any obligation to publicly update any forward-looking statements, whether the results of the receipt of new information, the occurrence of future events, or otherwise. With that said, let me turn the call over to Dr. Joe Forkey, Chief Executive Officer, Precision Optics. Joe, please proceed.

Thank you, Robert, and thank you all for joining our call today to discuss our fourth quarter and fiscal year 2023 financial results. I'm very happy to be joined for the first time by Wayne Cole, our CFO, as of June of this year. I'll provide a few opening comments, then turn it over to Wayne to discuss financials, and then I will provide more color on the business of the fourth quarter in fiscal year. Fiscal year 2023 was a year of tremendous progress for Precision Optics, as we continued to leverage our unique technological and production capabilities to drive record revenues and adjusted EBITDA. We continued the integration of our recent acquisitions, uplisted to NASDAQ, strengthened our balance sheet, and perhaps most importantly, recruited two top-notch industry veterans to fill the positions of Chief Operating Officer and Chief Financial Officer. These achievements position us well to execute on the many new orders we announced during the year and for continued growth in fiscal 2024 and beyond. As we look to fiscal 2024, we expect to continue our growth as we execute on a robust pipeline of opportunities, and we expect to show continued improvement in the EBITDA margin of the business. While we have grown several fold in recent years, our business can still be somewhat lumpy and we expect the early part of the year to demonstrate that. But trends should improve as we go through the year with some very specific programs that I'll discuss in greater detail. And we expect this to be another year where we grow to new record highs of quarterly revenue and profitability. Before going into more detail, Let me turn it over to Wayne to discuss the financials.