Blackline Safety Corp.

Welcome to Blackline Safety's first quarter results conference call. The conference is being recorded. I would now like to turn the conference over to Jason Zandberg, Director of Investor Relations. Please go ahead.

Welcome, and thank you for joining us. On this call today, we will be discussing our fiscal results for the first quarter ending January 31st, 2026, which were released earlier this morning. With me today is Cody Slater, CEO and Chair of Blackline Safety Corp, Blackline's Interim CFO, Chris Currie, and Sean Stinson, President and Chief Growth Officer. I will turn the call over to Cody for an overview of our first quarter 2026 results. Chris will then discuss the financial highlights before turning the call back to Cody for closing remarks. I'd like to remind everyone that an archive of this webcast will be made available on the investor section of our website. I would like to note that some of the information discussed in this call is based on information as of today and contains forward-looking statements that involve risk and uncertainties. Actual results may differ materially from those set forth in these statements. For a discussion of these risks and uncertainties, please review the forward-looking statements disclosure in the earnings release, as well as the company's CDERplus filings. During this call, there will be a discussion of IFRS results, non-GAAP financial measures, non-GAAP ratios, and supplementary financial measures. A reconciliation between IFRS results and non-GAAP financial measures is available in the company's earnings news release and MD&A, both of which can be found on our website, blacklinesafety.com, and on CDAR+. All dollar amounts are reported in Canadian dollars, unless otherwise noted. With that, I will now hand the call over to Mr. Slater.

Thank you, Jason. Good morning and welcome to Blackline Safety's first quarter fiscal 2026 conference call. I am pleased to report a strong start to fiscal 2026, marked by continued strength in our recurring revenue base and the most significant product launch in our company's history. Our seventh consecutive quarter of positive adjusted EBITDA reinforces the durability of our industrial worker-focused business model and sustained global demand for our connected safety solutions. In the first quarter, revenue reached $38.8 million, surpassing our exceptionally strong Q1 last year. We are very proud of our consistent track record of growth, which now extends to 36 consecutive quarters of year-over-year top-line growth. Service revenue was a standout growing 25% year over year to $24.9 million, driven by continued new customer additions and strong expansion within our existing customer base. This performance reflects the quality of our recurring revenue model and the mission-critical nature of our connected safety solutions. Product revenue in the quarter was $14 million. As we discussed in January, we anticipated a near-term headwind as customers became aware of the G8 and opted to defer hardware purchases ahead of first shipments. The G8's launch has proceeded well, and we are very pleased with the early customer response. We have already seen our pipeline shifting towards the G8 as customers embrace the added value it delivers. We see this as a positive indication for our product revenue in Q2, and especially in the second half of fiscal 2026. Annual recurring revenue reached $90.5 million on January 31, 2026, up from $70.9 million a year ago, a 28% increase year over year. This continued ARR momentum gives us strong visibility into the year ahead and provides a solid foundation as we accelerate the G8 rollout. Net dollar retention was 126% in the first quarter, reflecting continued expansion within our existing customer base. Our NDR has now been above 125% for 11 consecutive quarters, which is a clear indicator of the value our customers see in our platform. We're pleased to report adjusted EBITDA of $1.7 million this quarter, up 12% from the same period last year. What makes this result stand out is the context. We delivered this growth while navigating the G7 to G8 product transition and absorbing the associated launch costs. a clear demonstration of our consistent execution and financial strength. Turning to the G8, our next generation connected safety wearable, we are pleased to say that the early reception from customers and distributors has been outstanding across all our verticals and geographies. The G8 is not just a product upgrade, it's a brand new platform. And with each device that enters the field, we are laying the groundwork for years of expanding service revenue as we roll out new apps and capabilities of the G8 platform through fiscal 2026 and beyond. Before I discuss our Middle East business update, I want to take a moment to acknowledge the current situation in the region. Our thoughts are with our customers, partners and team members in the UAE and across the Middle East during this uncertain time. Their safety and well-being remain our top priority, and we are closely monitoring the situation as it evolves. On the Middle East business front, our partnership with ADNOC is moving from strength to strength. We are continuing to see new orders and the deployment is progressing well. ADNOC exemplifies the kind of large multi-year strategic customer relationship we are increasingly able to develop as our brand recognition in the region grows. We have also seen expanding interest from other leading organizations across the Middle East, which gives us confidence in the long-term opportunity in this geography. I will now turn the call over to Chris to review the Q1 2026 financial information in more detail. Thank you, Cody, and good morning, everyone.