Omni-Lite Industries Canada Inc.

Thank you for standing by. At this time, I would like to welcome everyone to the OmniLight Industries Incorporated first quarter 2026 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 Bertrano Palmer, CFO. The floor is yours.

Thank you. 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 are in our press release issued yesterday. The purpose of this call is to provide an update on OmniLight's financial performance and operations as we filed our first quarter 2026 results yesterday, May 27th. After our remarks, we will open up the line for any Q&A. If you have not received a copy of our press release, which was issued yesterday morning, you can find it on our website at www.omi-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 and 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 it operates, our future plans, objectives, business prospects, and anticipated financial performance. These forward-looking statements are subject to future risk and uncertainty and could cause our actual results or performance to differ materially. We are also mindful of the risks and impacts of changes in the health of our general economy, including the effects of the current U.S. financial market, U.S. global commercial aerospace markets, and the U.S. Defense Department. All forward-looking statements should be considered in conjunction with the cautionary statements contained in our press release and risk factors included in OmniLite CBAT filings. The company disclaims any obligation to update any forward-looking statements that may be discussed during this call. I would also 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 some non-IFRS financial measures, specifically adjusted EBITDA and free cash flow. A reconciliation of these non-IFRS metrics, if applicable, is included in our filings. Lastly, unless otherwise 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 2026 performance, followed by comments on our current business. First quarter 2026 revenue of 4.4 million was an increase of 33% compared to prior year first quarter. The adjusted EBITDA in the quarter came in at $858,000, representing 110% increase compared to prior year first quarter. The strong quarterly performance resulted largely from a healthy mix of production at our electronics and forming operations, notably from their respective top customers. Bookings for the first quarter of 4.9 million translates to 1.11 to one book to bill. Our third successive positive book to bill and pushes the backlog to 9.1 million, which is a record for the company. Omni light metal forming bookings in the quarter were particularly strong. driven by large reorders for high-strength structural forged collars used on commercial air transport and military airframe and fuselage, as well as annual release for munition components for NATO forces. Given the global demand for security of which missile and drone defense and air superiority are major components, as well as strong air transport levels and expanding new plane build rates, there is an increasing number of part qualification opportunities for both new designs and supplier replacement efforts, starting with electronics, but also for metal forming and casting components. With that, I'd like to turn the call over to Amy. Amy?