Omni-Lite Industries Canada Inc.

Ladies and gentlemen, and welcome to the OmniLight Industries Investor Conference Call. All lines have been placed on the 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 the live operator. At this time, it is my pleasure to turn the floor over to your host, Amy Petro-Palmer, CFO. Now the floor is yours.

Good afternoon, and thank you for joining us. With me today is our Chief Executive Officer, Dave 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 OmniRite's financial performance and operations as we filed our first quarter 2025 results yesterday, May 21st. After our remarks, we will open up the line for Q&A. If you have not received or seen a copy of our post release, which was issued yesterday morning, you can find a copy of it on our website at www.omni-light.com or email at d.robbins at omni-light.com to request a copy. Before we get started, I'd like to remind you that today's discussion will and may include forward-looking statements, including information regarding Omni-Light's performance based on our views of the company's business and the environment in which it operates. our future plans, objectives, business prospects, and anticipated financial performance. These forward-looking statements are subject to future risk and uncertainties that could cause our actual results or performance to differ materially. We are also mindful of the risks and impacts and the changes that help the general economy, including the effects on the current U.S. financial market, U.S. and global commercial aerospace markets, tariffs, and the U.S. Department of Defense budget. with the cautionary statements contained in our press release and the risk factors, including an omnibus to that filing. The company disclaims any obligation to update any forward-looking statements that may be discussed during this call. I'd also like to mention that in addition to financial results in accordance to International Financial Reporting Standards, or IFRS, During our call, we may also discuss or reference non-IFRS financial measures, specifically adjusted EBITDA and fee cash flow. The reconciliation of these non-IFRS metrics, if applicable, is included in our CDAR filings and press releases. Last and most noted, any reference or discussion of our financial results or metrics are in U.S. dollar. I would like to now turn the call over to Dave. Dave?

Thanks, Amy. Good afternoon, everyone, and thanks for joining us. I'd like to make a few comments about our first quarter 2025 performance, followed by comments on current business and outlook. First quarter 2025 revenue was $3.3 million, which was dominated by high production-level quantities of aerospace fastener components and a weaker electronics revenue compared to Q1 2024, which had included high levels of electronics businesses. The strong fastener revenue was driven by broad demand for aerospace fastener components and two new aerospace fastener components designed and qualified in 2024. Adjusted EBITDA for the first quarter of 2025 was $408K, which is a sequential increase over Q4 2024 and a decrease compared to Q1 2024. The sequential increase in EBITDA, most notably driven from operating leverage from good NICs and high throughput of faster components, and the Q1 2025 over Q1 2024 decrease was from reduced contributions from electronics. The Q1 2025 EBITDA level also marks another quarter that all locations have made a contribution to the positive EBITDA. Hooking for the first quarter was $5.7 million, which puts the backlog at $7.1 million as we go into the second quarter. The outlook for aerospace traction component delivery looks strong, anchored by firm order backlog that extends out to the end of 2025, and good demand signals for near-term spot buying. Demand for aerospace traction components has been and projected to continue to a single-digit percentage point higher increases. The focus on casting components continues to be screenlining its portfolio around components that have margin profile, pricing adjustments, and manufacturing efficiency versus high revenue growth in order for margin expansion. Electronic revenue and bookings have tempered some in between expected significant reorders from missile defense-related microelectronic sensor components and a new electronic system modernization switching component used on naval-based missile defense applications. With that, I'd like to turn the call over to Amy. Amy?