Omni-Lite Industries Canada Inc.

Good day, ladies and gentlemen, and welcome to the OmniLight Industries, Inc. Investor Conference Call. Our host for today's call is Amy Vetrano Palmer, Chief Financial Officer. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. I would like to now turn the call over to your host. Amy, you may begin.

Thank you, and good afternoon. Thank you for joining us today. 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 are in our press release issue yesterday. The purpose of this call is to provide an update on OmniLight's financial performance and operations as we filed our second quarter 2025 results yesterday, August 13th. After our remarks, I will open up the line for Q&A. If you have not received a copy of the press release, which was issued yesterday, you will find it on our website at www.omni-light.com or by email at d.robbins at omni-light.com. Before we get started, I would like to remind everyone that today's discussion will or may include some forward-looking statements, including information regarding OmniLight's performance based on our views of the company, business, and the environments in which they operate. our future plans, objectives, business prospects, and anticipated financial performance. These forward-looking statements are subject to future risk and uncertainties that could cause the actual results or performance to differ materially. We are also mindful of the risks and impacts and changes in the health of the general economy, including the effects from the U.S. financial market, U.S. global commercial aerospace markets, the U.S. Department of Defense budgets, All forward-looking statements should be considered in conjunction with our cautionary statements contained in our press release and risk factors included on OmniLite CDAR 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 reporting results in accordance with international financial reporting standards, or IFRS during our call, we may also discuss and reference non-IFRS financial measures, specifically adjusted EBITDA, performer adjusted EBITDA, adjust in free cash flow. A reconciliation of these non-IFRS metrics, if applicable, is included in our CDAR filings and press releases. Lastly, unless otherwise notated, any reference or discussion of our financial results or metrics are in U.S. dollar. I would now like to 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 second quarter in year-to-date 2025 performance, followed by comments on current business. Second quarter 2025 revenue was 3.5 million, up 5% over first quarter of 2025. From growth in aerospace fastener components, and contributions from our recent acquisition of ECOMP. Adjusted EBITDA for the second quarter 2025 was 95K, with a year-to-date adjusted EBITDA of 503K. The EBITDA also marks a continued effort to all locations making a positive contribution to EBITDA and an improvement over prior year. Bookings for the first quarter We're at 2.5 million, which keeps the backlog at a strong 6.3 million as we go into third quarter. We also received a large order early in third quarter of 1.4 million on two critical defense programs. Metal forming business revenue is up year-to-date double-digit, and demand for commercial air transport and defense aerospace component needs are increasing as competition continues to extend on what was already long lead times. We have been able to take market share based on our ability to convert from prototype to low rate of production, then full production in six months or less. The continuing and growing needs for engineering fastener components for high-performance commercial and defense airborne platforms, coupled with capacity constraints, is signaling to us to continue to invest in highly skilled machine labor training for what we are seeing as sustained demand growth. The casting's business revenue is growing at its top four customers, offset a little bit by reduction in revenue at many of its small customers as we continue to rationalize to products and product families that can contribute to our financial return targets. Negotiations are progressing well in our significant and singular corporate-wide long-term pricing agreement with our largest casting customer. Our expectations are to finalize that agreement in the fourth quarter with pricing that represents value to them and value to us as pricing that meets our financial targets. In our electronics business, demand continues to grow on the backdrop of increased global tensions that bring safety and threat deterrence a rising funding priority. Increased demand for rocket, drone, and missile defense for domestic and battlefield needs has increased production requirements over the next several years for multiple current programs and some development programs for central electronics we produce. In all of our engineering and manufacturing businesses, our ability to engineer a process to reliably produce products with exacting specification in months and not years was the heart of winning, but equally important, keeping lead times into production our competitive mode and business model. The horizon for our newly acquired electronics distribution business is dominated by obsolescence and modernization-sustaining legacy weapon system, including Aegis, Patriot, and Virginia and Ohio-class submarines, which have planned double-digit growth projections. With that, I'd like to turn the call back over to Amy. Amy?