Omni-Lite Industries Canada Inc.

Thank you for standing by. At this time, I would like to welcome everyone to the OmniLight Industries Investor Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. I would now like to turn the conference over to Amy Petrano Palmer, CFO. The floor is yours.

Thank you. Good afternoon, and thank you for joining us. With me today is our Interim Chief Executive Officer, David Robbins, and Board Director, Alex Rizkov. 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 OmniLight's financial performance and operation as we filed our year-end 2025 results. After the remarks, we will open the call up for Q&A. If you have not received or seen a copy of the press release, which we issued yesterday morning, you can find 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 would like to remind you that today's discussion will or may include 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 risks and uncertainties that could cause our actual results or performance to differ materially. We are also mindful of the risks and impacts and changes to the health of the general economy, including the effects on 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 the cautionary statements issued in our press release and the risk factors included in OmniLite CDAR filings. 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 reported financial results in accordance with international financial reporting standards or IFRS, during our call we may also discuss or reference non-IFRS financial measures, specifically adjusted EBITDA, and free cash flow. A reconciliation of these non-IFRS metrics, if applicable, is included in our CDAR filings and press releases. Lastly, and less noted, any reference or discussion of our financial results or metrics are in U.S. dollar. I would like now to turn the call over to Dave. Dave?

Thank you, Amy. Good afternoon, everyone, and thanks for joining us. I'd like to make a few comments about our fourth quarter 2025 performance. followed by comments on current business. Fourth quarter 2025 revenue of $4.1 million was an increase of 18% compared to the prior year fourth quarter. For fiscal 2025, revenue of $14.9 million was down 6% compared to FY2024. The adjusted EBITDA in the quarter came in at $61,000, representing a disappointing 1.5% margin. the weak quarterly performance resulting from operating issues at the Cerritos facility, which has since been resolved, as well as shipments at Monsite and DP Cast falling into Q1. Adjusted EBITDA for the FY 2025 was approximately $890,000, which again is a disappointment compared to 2024. Bookings for the fourth quarter of $5.5 million, however, resulting in a backlog of 8.8 million, is a record for the company. Monsite bookings in the quarter were particularly strong, driven largely by reorders for electronic components used on Eurofighter and a mobile ground-based missile and drone tracking radar program. The strong bookings trend outlook and pipeline for fasteners and electronics continues into 2026. With that, I'd like to turn the call over to Amy. Amy?