Matthew Wright

Thanks for standing by, and welcome to the CurveBeam AI investor webinar for the quarter ended March 2026. [Operator Instructions] On the webinar from CurveBeam AI today, we have the Managing Director and CEO, Greg Brown; CTO and COO, Arun Singh; and CFO, Ura Auckland. The presentation will last approximately 15 to 20 minutes, and then we'll take those questions.

I'll hand it over to Greg to get into it.

Gregory Brown
CEO, MD & Director

Thanks, Matt, and welcome, everybody, to the Q3 fiscal year '26 quarterly call. Just bring your attention to the disclaimer and the use of forward-looking statements. And to the quarter 3 key highlights.

So in the last quarter, we did purchase orders for 5 devices, 4 of which were HiRise. It's interesting to note that in fiscal year '24, we did 16 HiRise. In fiscal year '25, we did 16 HiRise. And in this fiscal year, year-to-date, we're at 12 HiRise. So the HiRise orders quarter-on-quarter are pretty consistent. We're finding that the variation has been in the other orders of other devices.

Now what we found in this last quarter, and we had several prospects that we were trying to bring across the line before the end of the quarter, look, demand from surgeons continues to be very strong. The issue is that there's a higher capital threshold that's building within the system. And I think now we know it's related to more of the requirements around cybersecurity.

There's also requirements around -- you got finance involved more now with these systems. And to a large