5/29/2024

speaker
Ludi
Conference Operator

Good morning, ladies and gentlemen, and welcome to Covalent Q2 fiscal 2024 conference call and webcast. My name is Ludi, and I will be your conference operator today. As a reminder, today's conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question. If you would like to ask a question during this time, simply press the star followed by the number one on your telephone keypad. If you would like to withdraw your question, please press star two. Alternatively, you can submit type questions via the webcast. If at any time during this call you require immediate assistance, please press star zero for the operator. And at this time, I would like to turn the conference over to Mr. Brent Ashton, Chief Executive Officer, and Ms. Katie Martinovich, Interim Chief Financial Officer. Please go ahead, Mr. Ashton and Ms. Martinovich.

speaker
Brent Ashton
Chief Executive Officer

Hey, thank you so much. And good morning to all of you on the call today. We do sincerely appreciate you connecting in to hear a little bit more about Kovalon and specifically our second quarter performance. Katie Martinovich, our interim chief financial officer, is joining me in this presentation. And Salia Asadzada from Kovalon is also helping in the webcast today and will now provide us with some instructions.

speaker
Salia Asadzada
Executive Assistant to the CEO

Thank you, Brent. Good morning, everyone. My name is Salia Asadzada, and I am the executive assistant to Kovalan's chief executive officer. I would like to thank everyone for taking the time this morning to attend our conference call. We will be discussing the financial statements, MD&A, and press release related to Kovalan's second quarter ended March 31, 2024. There will be an opportunity for you to ask questions at the end of the call. Before we begin the discussion, I would like to remind participants that this call and webcast are covered by Kovalan's Safe Harbour Statement. Certain statements included on this conference call may be considered forward-looking. Such statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results, performance, or achievements to be materially different from those implied by our statements. And therefore, these statements... of future performance or results. All forward-looking statements are based on management's current beliefs, assumptions and information currently available to us and related to anticipated financial performance, business prospects, partnership opportunities, strategies, regulatory developments, market acceptance and future commitments, among other things. Participants on this conference call are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this conference call. Due to risks and uncertainties, including those identified by Kovalon in our public securities filings, actual events may differ materially from current expectations. Kovalon disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. In the management's discussion and analysis, press release, and this call, Kovalon has provided non-GAAP financial measures that are meant to provide further understanding of our results by helping to highlight trends and assist in comparing different periods. The adjusted gross margin and adjusted EBITDA are terms that do not have any standardized meaning and may not be comparable to other companies. These measures are not meant to replace the similar IFRS accounting standard measures and any adjusting items may recur in the future. I will now turn the call back over to Brent Ashton, Kovalan's Chief Executive Officer.

Disclaimer

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