Gatekeeper Systems Inc.

Good morning, ladies and gentlemen, and welcome to the Gatekeeper Systems Inc. shareholder call. At this time, note that all lines are in the listen-only mode. And if at any time during this call you require immediate assistance, please press star zero for the operator. Note that this call is being recorded on July 22nd, 2026. I would now like to turn the conference over to Doug Diamond. Please go ahead.

Thank you, operator. Good morning, everybody. I would like to remind everyone that our remarks today include forward-looking statements that are subject to risks and uncertainties. These statements are based on current management expectations and actual results could differ materially from those projected. These financial statements were prepared in accordance with IFRS accounting standards as issued by International Accounting Standards Board. We may also use non-IFRS metrics like adjusted EBITDA, Please refer to our MD&A filed on CDAR for full reconciliations. As I said, good morning, everybody. We've got an exciting jam-packed meeting here this morning and looking forward to diving into all the details. We're going to start first by, as I hand over the meeting to Kelsey Chin, our CFO, to review the financial statements. Kelsey?

Thank you, Doug, and good morning, everyone. We filed our third quarter financial statements yesterday, which are available on CDAR and Gatekeeper's website. I'll provide a brief review of our third quarter results, and then Doug will provide some comments and an update. Company revenue for the three and nine months ended May 31, 2026 was $12.5 million and $28.8 million, respectively. Revenue in the prior year comparable periods was $7.5 million and $20.7 million. representing an increase of 68% and 39%, respectively. Cost of sales for the three and nine months ended 2026 was 5.9 million and 15 million, respectively, compared to 3.8 million and 11.6 million for the same prior year comparable periods, representing an increase in direct costs of 55% and 30%, respectively. Gross profit for the three and nine months ended 2026 was 6.7 million and 13.8 million, respectively, compared to 3.7 million and 10.5 million for the same prior year comparable periods, representing an increase in gross margin of 82% and 51%, respectively. Gross margin as a percentage of revenue for the three and nine months ended 2026 was 53% and 48%, respectively, compared to 49% and 44% for the same prior year comparable periods. Operating expenses for the three and nine months ended 2026 were 4.6 million and 13 million respectively, as compared to 3.7 million and 10.5 million for the same prior year comparable periods, representing an increase in operating expenses of 23% and 24% respectively. Operating expense increase is attributable to higher sales costs, research and development costs, special project costs, and bid preparation costs relating to large transit projects the company is actively pursuing. Operating income for the three and nine months ended 2026 was $2.1 million and $720,000 respectively, as compared to an operating loss of $60,000 and $1.4 million for the same prior year comparable periods. Total comprehensive income for the three and nine months ended 2026 was 1.48 million and 1.49 million, respectively, compared to total comprehensive loss of 442,000 and 800,000 for the same prior year comparable periods. Adjusted EBITDA for the three and nine months ended 2026 was 2.4 million and 1.5 million, respectively. At the end of our third quarter, we had $7.2 million in cash compared to $14.8 million at year end. We had $3 million in payables and accrued liabilities at the end of the second quarter compared to $10.8 million at year end, and total liabilities of $4 million at the end of the third quarter compared to $12.4 million at year end. I'll now turn it over to Doug to provide some comments.