VIQ Solutions Inc.

Good morning, ladies and gentlemen. My name is Brent, and I will be your conference operator today. Today, we are hosting a conference call to discuss the third quarter 2022 financial results for VIQ Solutions, Inc. At this time, all participants are in a listen-only mode. For those that dialed in, should you require any assistance during the call, please press star, then zero on your touchtone phone. We will have a question and answer session at the end of the call. at which time all participants wishing to ask a question will be instructed to press star 1 and identify themselves before asking a question. Please limit yourself to one or two questions so that others may have a chance to ask questions. You may re-enter the queue. Your host for today is Ms. Laura Kiernan, Head of Investor Relations for VIQ. Please go ahead.

Thank you, Brent. Good morning, everyone, and welcome to BIQ Solutions' third quarter 22 results conference call. Before we begin, I would like to point out that certain statements made today contain forward-looking information subject to known and unknown risks, uncertainties, and other factors. For a complete discussion of the risks and uncertainties facing BIQ, we refer you to the company's MD&A and other continuous disclosure filings which are available on CDAR at cdar.com and on sec.gov. As a reminder, all dollar amounts are in U.S. dollars unless otherwise stated. With us today, we have Sebastian Paré, CEO, Alexi Edwards, CFO, and Susan Sumner, President and Chief Operating Officer of BIQ, all of whom will be available for questions following the prepared remarks. I will now turn the call over to Sebastian Paré to begin.

Thank you, Laura. Welcome, everyone, to our third quarter earnings call. I'll provide some high-level remarks on our results and business plan. Then I'll hand it over to Susan, who will discuss our operating results. We'll then be followed by Alexi, who will discuss our financial results. Then we'll open up the call for your questions. We have structured this call to keep it short. 2022 has been a difficult year for capital markets. and technology companies in particular. Spiking inflation and interest rates across the globe have caused government agencies and companies to protect cash at all costs. VIQ customers are moving away from large technology purchases to buying and engaging on a monthly basis over the course of a contract. As such, we are accelerating the transition of our organization and cost structure towards a subscription-based annual recurring revenue model. Over time, we expect this will manifest in the financial results with higher revenue and overall margins and more consistent monthly and annual revenue. Additionally, we believe it will improve the lifetime value of our customers. We all know the equity markets, especially the technology sector, are dislocated with valuations not matching intrinsic values of public companies. This is a macro factor that we are not in control of. What is our control is our own business model, how we go to market, and our ability to manage and control costs as we integrate acquisition. Focusing generating annual recurring revenue, right-sizing our organization, and aggressively reducing our cost structure will allow us to return to profitability next year. We also expect that organic growth will overtake acquisitions as the main road driver for revenue in 2023. I will now pass the call over to Susan to discuss our operating results in greater details. Susan?