Voxtur Analytics Corp.

Good morning, ladies and gentlemen, and welcome to the VoxTour Q2 2024 earnings call. At this time, all participant lines are in the listen-only mode. Following the presentation, we will conduct a question-and-answer session. And if at any time during this call you require needed assistance, please press star zero for the operator. Also note that this call is being recorded on Friday, August 30, 2024. And I would like to turn the conference over to Mr. Jordan Ross. Please go ahead, sir.

Good morning, everyone. Thank you for joining us for the Voxter 2024 second quarter earnings call, where we will discuss our financial results and business highlights. Please note that our results for the three and six months ended June 30, 2024, were released August 29, 2024, and can be accessed on CDAR Plus and on our website at voxter.com. Joining me today are Executive Chairman Gary Ullman, CFO Robin Dyson, where we will begin prepared remarks and then move into a Q&A. If we are unable to get to your question, you are always welcome to contact me directly at jordan.voxter.com. Robin Dyson will begin by reviewing our financial results. After that, Gary Yeoman will provide updates as to how we are progressing towards our objectives. Before we get started, please be advised that some of the information that we will share on this call may contain forward-looking statements. We caution you to not place undue reliance on forward-looking statements and undertake no duty or obligation to update any forward-looking statements as a result of new information, future events, or changes in our expectations. Further, on today's call, we will report using both IFRS and non-GAAP financial measures. We use these non-GAAP financial measures internally for financial and operational decision-making purposes as we believe that they provide a meaningful measurement of financial performance and valuation. These non-GAAP financial measures are presented in addition to and not as a substitute for financial measures calculated in accordance with IFRS. To see the reconciliation of these non-GAAP measures, please refer to our management's discussion and analysis. which is available on CDAR+. A replay of today's call will also be posted on our website. Finally, please note that all references to amounts or currency during today's call are in Canadian dollars, unless otherwise stated. I will now turn the call over to our CFO, Robin Dyson.

Thank you, Jordan. Good morning, everyone, and thank you for joining us today. I will provide an overview of financial highlights for the three and six months ended June 30th, 2024. In July 2024, the company entered into a definitive agreement to divest 50.5% of the interest of Bluewater Financial Technologies Holding Company LLC, a subsidiary of the company, for an upfront cash payment of 30 million US dollars plus a 9.5 million US dollar earn up, subject to the achievement of certain milestones. this transaction is subject to various closing conditions. Funds from this transaction will be used to reduce the company's credit facilities and provide working capital. In accordance with IFRS standards, as at June 30th, this line of business has been accounted for as a discontinued operation. As such, all P&L activity related to this business for the current and prior periods has been carved out of the individual revenue and expense line items in the financial statements and have been reflected as a single line item in the presentation of each of net loss and comprehensive loss. The Q2 MD&A presents key financial metrics for both continuing and discontinued operations. The metrics to be discussed on today's call will be based on continuing operations only unless otherwise noted. Revenue decreased to $8.5 million from $9.6 million for the three months ended June 30th, 2024 and 2023, respectively, and decreased to $17.3 million from $20.6 million for the six months ended 2024 and 2023, respectively. Software and data licensing revenue remained stable on a year-over-year basis for both the three and six months ended June 30th, 2024 and 2023. The decline in revenue was primarily attributable to technology-managed services and settlement services. The company is actively pursuing rebuilding these revenue streams through the expansion of our client base and a new product offering. Gross profit decreased to $4.6 million from $5.2 million for the three months ended June 30, 2024 and 2023, respectively, and decreased to $9.7 million from $11.5 million for the six months ended June 30th, 2024 and 2023 respectively. These decreases are primarily attributable to the decreases in revenue noted. Gross profit as a percentage of revenue remains stable for both three and six months ended June 30th, 2024 and 2023 at 54% and 56% respectively. Adjusted EBITDA from continuing operations remains stable at negative 3.2 million for the second quarter of 2024, as compared to 3.3 million for the same period of the prior year. Year-to-date, to the end of the second quarter, adjusted EBITDA improved from negative 7.9 million in 2023 to negative 5.4 million in 2024. We continue to remain focused on revenue growth, cost containment, and debt reductions. I will now turn the call over to our Executive Chairman, Gary Yeoman, to provide business updates.