Wecommerce Holdings Ltd.

The company will make forward-looking statements on today's call that are based on the assumptions and therefore subject to risk and uncertainties that could cause actual results to differ materially from those projected. The company undertakes no obligation to update the statements except as required by law. You can read about the risk and uncertainties in the press release issued by the company this afternoon, as well as in our filing on CEDAR. Note that the adjusted financial measures the company speaks to today are not IFRS measures, which are not substitutes for IFRS financial measures. Reconciliations of these measures to IFRS measures are available in the company's earnings release and most recent MDNA. I'll now turn the call over to Chris Barling.

Thank you, operator. Good afternoon, everyone. I'm joined today by Alex Pearson, our president, and Dave Sharon, our new chief financial officer, who joined us on November 1st. As is our practice in these calls, we will make a few opening comments and then open the floor for questions from our analysts and shareholders. Let us start with a financial review of the quarter. Dave?

Thank you, Chris, and good afternoon to everyone on the call. I'm delighted to be here. And as a reminder to everyone, we report in Canadian dollars and all references to amounts on this call and in our published financial reports, unless otherwise stated, are in Canadian dollars. In the third quarter of 2021, we generated revenues of $10.9 million, up 88% year-over-year and 101% on a constant currency basis. Our adjusted EBITDA for the third quarter was $3.4 million, or 31% of revenue, up 70%, from 2.0 million reported in Q3 of 2020. Net loss in the third quarter was 3 million compared to a net income of 405,000 in the prior year. Our net loss in Q3 includes certain non-cash items, such as depreciation and amortization costs of 3.1 million, mostly attributable to our acquisitions of Stamped, Archetype, and 460. There's also a foreign exchange loss of $1.6 million, mostly from our USD-denominated credit facility that is marked in Canadian dollars on our balance sheet. Our professional fees were higher in the third quarter due to some recruiting fees and approximately $160,000 of costs associated with tax preparation to receive $760,000 of tax credits under the SR and ED tax incentive programs. And as of the end of the quarter, we have over $48 million of liquidity, which includes $24.6 million of cash on hand, as well as available borrowings under our credit facilities. And to provide a bit more color, our apps segment generated $6.8 million of revenue this quarter and $3.3 million of operating income, representing a margin of 48.5%. 460 contributed approximately $1.2 million of revenue in Q3, reflecting a 23% increase in organic growth year over year, excluding purchase accounting adjustments and on a constant currency basis. I'll now turn it over to Alex for a business update.