3/16/2023

speaker
Operator
Conference Call Operator

Good morning and welcome to the Farmers Edge live audio webcast for its fourth quarter 2022 results call. Please be advised that reproduction of this audio webcast in whole or in part is not permitted without written authorization from the company. All lines have been placed on mute to prevent any background noise and after the speaker's remarks there will be a question and answer session. If you would like to ask a question during this time, Simply press star and 1 on your telephone keypad. If you'd like to withdraw your question, please press star then 2. Individuals will be limited to two questions per person before being put back into the queue. At this time, I would like to turn the call over to Cindy Yuan, Chief Financial Officer of Farmer's Edge. Please go ahead.

speaker
Cindy Yuan
Chief Financial Officer

Thank you, Operator, and good morning, everyone. Before we start, I would like to remind you that all amounts disclosed on this call are denominated in Canadian dollars, unless otherwise indicated. Please note that prepared remarks contain forward-looking information, and additional forward-looking statements may be made in response to your questions during the QA portion of the call. These statements reflect the company's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties. many of which are beyond the company's control or could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Listeners are urged to consider assumptions, risks, and uncertainties associated with such forward-looking information, including by referring to the assumptions, risks, and uncertainties discussed in the Pharmacology Filings with Canadian Securities Administrators. These statements do not guarantee future performance and therefore undue reliance should not be placed upon them. The company does not undertake any obligation to update forward-looking information provided during this audio webcast, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws. Finally, we would like to remind listeners that companies may refer to certain non-GAAP measures and key performance indicators, or KPIs, during the audio webcast, for further details on non-GAAP measures and KPIs, including relevant definitions and certain reconciliations. See Farmers Edge Filings with Canadian Securities Administrators. We also post on our website a short presentation that you may want to follow along with our remarks. I will now turn the call over to our Chairman, Bill McFarland, for opening remarks.

speaker
Bill McFarland
Chairman

Thank you, Cindy, and welcome, everyone. The past few months have been an important time in the evolution of Farmers Edge. Bivor and the team executed on the first steps of the turnaround plan by stabilizing operations, significantly reducing the cash burn rate, adding new talent, and energizing the entire employee group around the new strategy and vision for the company. This included having numerous positive conversations with potential enterprise partners. Bivor will speak to our progress in his comments. The 2023 focus and our number one priority of the team is around future revenue growth. With the financial support of Fairfax, Farmer's Edge's major shareholder, management has the opportunity to execute this next leg of the turnaround plan and create a company that delivers strong results, is sustainable over the longer term, while building shareholder and customer confidence. I will now pass things over to Vivore.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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