Operator

Good morning. Welcome to EnWave Corporation's Second Quarter 2026 Earnings Conference Call. My name is Christine, and I'll be your operator for today's call.

Joining us for today's presentation are the company's President and CEO, Brent Charleton; and Dylan Murray, EnWave's CFO.

As a reminder, the conference is being recorded. [Operator Instructions] Finally, I would like to remind everyone that this call will be made available for replay via a link in the Investor Relations section of the company's website at www.enwave.net. Now I would like to turn the call over to EnWave's CEO, Mr. Brent Charleton.

Brent Charleton
CEO, President & Director

Thanks very much, and thanks to everyone who has joined us today for EnWave Q2 Fiscal 2026 Quarterly Conference Call. The information, as per usual, we will present today contains forward-looking information that is based on our management's expectations, estimates and projections. Our statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions. Please consider the risk factors in the filings made by EnWave on SEDAR when reviewing this information. Also, all amounts discussed will be in Canadian dollars unless otherwise noted.

Now while this quarter's financial performance was well below our expectations, I want to begin by emphasizing something very important. The fundamentals of EnWave's business model remains strong, differentiated and highly scalable. We are disappointed with our Q2 quarterly results. The revenue timing delays, slower-than-expected large-scale equipment conversion activity and extended commercialization time lines with certain partners impacted near-term performance.

However, we believe that these are