Quotemedia Inc

Good day, everyone, and welcome to today's 2022 Q2 results call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question and answer session. You may register to ask a question at any time by pressing the star and the number 1 on your touchtone phone. You may withdraw yourself from queue by pressing star and the number 2. Please note this call is recorded, and I will be standing by should you need any additional assistance. It is now my pleasure to turn the conference over to Mr. Brendan Hawkins. Please go ahead.

Thank you, Chas. Thank you, everyone, for joining us today. We have a brief safe harbor, and then we'll get started. Except for historical information contained herein, the statements in this conference call are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from forecasted results. With that said, I would like to turn the call over to Dave Schwerin, CEO of Quote Media. Thank you, Brendan.

Welcome, everybody, and thank you for joining us. We are pleased to announce that we achieved a 12% increase in revenue in Q2 over Q2 of last year, and we're very happy with our growth this quarter. Our percentage increase looks a bit lower than expected, but that's simply because due to accounting rules, a substantial amount of revenue relating to development and setup fees for several large clients must be deferred into later quarters this year. In a nutshell, a lot of the development work that we've completed and is being paid for cannot be recognized until these large clients go live. This will happen over Q3 and even more so in Q4. As a result, everything will even out over the course of the year, keeping us on track for, as we previously stated, around a 20% annual growth rate. Being awarded contracts for two of the largest banks in Canada, as well as Motley Fool, The Street, CI Financial, NASDAQ, and others, is a testament of how we are proving ourselves as a top-tier provider. We are seeing that the industry is taking notice and more and more large firms are contacting us to discuss their market data and financial application needs. In addition, we've been closing partnership deals with other data firms in order to accelerate the sales of our new proprietary data sets. And we've closed two partnership deals currently and we are working on several more at this time. The reaction to our new product lines and our new trading systems and the uptake of our new analytics and research data sets are excellent. And I'm very proud of what we've achieved, and our clients are very impressed with not only the breadth of our data coverage, but the quality of our products and the premium level of services that Cold Media provides. This is certainly proving to be the most exciting year in the history of Cold Media. I'll now pass the mic over to Keith Randall so he can take us through some of the numbers for the quarter, and then we can answer some questions that you may have.