East Side Games Group Inc.

Ladies and gentlemen, thank you for standing by and welcome to the Eastside Games Group 4th Quarter 2023 Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session for analysts only. I would like to hand the conference over to our speaker today, Jason Bailey, Board Chair, CEO, and founder of Eastside Games Group. Thank you. Please go ahead.

Thank you, Operator, and welcome everyone to the Eastside Games Group Q4 2023 results call. On the call with me today is Mr. Jason Chan, our Interim Chief Financial Officer. We are also joined by our Chief Operating Officer, Ms. Lisa Sheck, and our Chief Product Officer, Mr. Jim Wagner. I'm very excited to share highlights from the fourth quarter ended December 31st, 2023. And I will also be giving an update on our business strategy and key events that have taken place since we last reported in November. Mr. Chan will go into greater detail on our financial results before turning it over to Ms. Sheck and Mr. Wagner for some final remarks before we open it up to analyst questions. I'd like to remind you that certain statements made on this call are forward looking within the meaning of applicable securities law. And this call includes references to non-GAAP measures Please refer to our fourth quarter press release and MD&A for cautionary statements relating to the forward-looking information and reconciliations of non-GAAP and measures to GAAP results. References to all figures are in Canadian dollars on an IFRS basis unless otherwise noted. Additional material can be found in the investor section of our website at www.eastsidegamesgroup.com under the financial information section, and an audio replay of this call will soon be available on our website. 2023 was a difficult year for mobile games and for the tech industry as a whole. It was a year that saw more than 200,000 jobs eliminated, hundreds of companies failing completely, and billions in market cap evaporating. Despite these headwinds and through the resilience of our incredible leadership team, Eastside Games Group has been able to keep revenues relatively flat at $20.6 million while incrementally increasing adjusted EBITDA to a record $4.5 million and growing our cash reserves to $5.2 million. No small feat and something I'm very proud of. Moving forward to 2024, we are seeing the markets recover, opportunities present themselves again, and the industry quickly recovering. Great things lie ahead for this team and the technological foundation that we have built. Q4 was a quarter of continued transition and reaction to the ongoing changes in the global mobile games market. In Q3, we aggressively restructured our business to ensure ongoing profitability, independence, and long-term positive cash flow. Many of the changes made have been fully reflected in Q4. We have talked about this refocus extensively on the past few earnings calls. Q4 clearly shows the fruits about labor. We have a business that is profitable, stable, and lean, a business with a strong pipeline of new products to layer on top of our existing strong foundation and a long-term focus on profitability. We have a company with no debt, sufficient cash, a sustainable run rate, and a pipeline of exciting new releases with massive potential. We remain more committed than ever to our goal of providing creators tools to successfully deliver mobile gaming experiences that engage players every day. I'll now pass it to Mr. Jason Chan, our interim chief financial officer, for some comments.

Thank you, Jason.