Operator

Hello, and welcome, everyone, joining today's SANUWAVE earnings call. [Operator Instructions] Please note, this call is being recorded. It is now my pleasure to turn the meeting over to Morgan Frank, Chairman and CEO of SANUWAVE. Please go ahead.

Morgan Frank
CEO & Chairman

Thank you, Nikki. Welcome to SANUWAVE's First Quarter 2026 Earnings Call. Our Form 10-Q was filed with the SEC last night, along with our earnings release and our updated presentation was made available on our website in the Investors section. Please refer to that during the presentation.

Joining me on the call is Peter Sorensen, our CFO. And after the presentation, we will open up for Q&A. So let's begin with the forward-looking statements and disclosures. This call may contain forward-looking statements such as statements relating to future financial results, production expectations, plans for future business development activities and expectations regarding the impact of changes in reimbursement levels and tariff rates. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, many of which are beyond the company's ability to control.

Description of these risks and uncertainties and other factors that could affect our financial results is included in our SEC filings. Actual results may differ materially from those projected in the forward-looking statements. The company undertakes no obligation to update any forward-looking statement. Certain percentages discussed in this call are calculated in the underlying whole dollar amounts and therefore, may not recalculate from the rounded numbers used for disclosure purposes. As a reminder, our discussion today will include non-GAAP