Omni-Lite Industries Canada Inc.

Good day, ladies and gentlemen, and welcome to the OmniLight Industries conference call. All lines have been placed on a listen-only mode, and the floor will be open for questions and comments following the presentation. If you should require assistance throughout the conference, please press star zero on your telephone keypad to reach a live operator. At this time, it is my pleasure to turn the floor over to your host, Amy Vetrano-Palmer, CFO. Ma'am, the floor is yours.

Thank you so much. Good afternoon and thank you for joining us. With me today is Chief Executive Officer, Gabe Robbins. Our call is being recorded and will be available for playback, the details of which were in our press release issued yesterday. The purpose of this call is to provide an update on OmniLife operations as we recently filed our first quarter 2022 results. Our remarks will open up at the end for Q&A. If you have not received a copy of our press release we issued on Thursday, you can find it on our website, www.omnilight.com. Before I start, I would like to remind you that today's discussions will or may include forward-looking statements, including information regarding OmniLight's performance based on our views of the company's business and the environments in which we operate, our future plans, objectives, business perspectives, and anticipated financial performance. These forward-looking statements are subject to future risks and uncertainties that could cause our actual results or performance to differ material. We are also mindful of the risks and impacts of changes in the health of our general economy, U.S. and global commercial aerospace markets, and the U.S. Department of Defense budget. All forward-looking statements should be considered in conjunction with the cautionary statements contained in our press release and risk factors included in Omni's filing. The company disclaims any obligation to update any forward-looking statements that may be discussed during this call. I would also like to mention that in addition to reported financial results in accordance to IFRS during our call, we may also discuss or reference non-IFRS financial measures, specifically adjusted EBITDA, free cash flow, and organic revenue. A reconciliation of these metrics may be included during our filings and press releases. Lastly, unless noted, any reference or discussion of our financial results or metrics are in U.S. dollars. I will now turn the call over to Dave for his remarks.

Thanks, Amy. Good afternoon, everyone, and thanks for joining us. I'd like to make a few comments about our first quarter 2022 performance, followed by comments on our current business. First quarter 2022 revenue 2.4 million marked the beginning results of our strategic growth plans through organic and acquisition means. Bookings of organic business in Q1 was sequentially up nearly 90% driven from faster demand in commercial aerospace and from US and European defense electronics program content. Supply chain and logistics pressures for raw material did affect our ability to deliver approximately $200,000 product sales in the quarter. We expect this tough supply chain environment to continue and something we have started to address with advanced raw material purchases. Our ending backlog of $2.5 million, the majority shippable in fiscal 2022, represents another sequential increase in points towards continued revenue growth. Market demands in commercial aerospace from robust domestic travel and narrow body production is pushing fastener demand at a steady growth rate. Supply chain disruptions from international and domestic fronts at our customer level is opening new product opportunities for Amulet for both metal forming and casting, leveraging our ability to respond and the security a domestic supplier brings. The global security concerns and world unrest further fueling robust defense electronics platform development, and in particular, shorten long-range missile defense systems. With that, I'd like to turn the call over to Amy. Amy?