Operator

Good day, everyone. Welcome to the Milestone Scientific Inc. First Quarter 2026 Financial Results and Business Update Conference Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, James Carbonara from Hayden IR. The floor is yours.

James Carbonara
Hayden Ir, LLC

Thank you, operator. Before we begin, please note that today's call will contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Please refer to our earnings press release as well as our filings with the SEC, including our 2025 Form 10-K for a discussion of these risks. A replay of this call will be available shortly after its conclusion.

With that, I'll turn the call over to our CEO, Eric Hines.

Eric Hines
Chief Executive Officer, President & Director

Thank you, James, and good morning, everybody, and thank you for joining our call today. I especially want to thank everybody who participated in our PIPE in April and your continued support for Milestone. It is greatly appreciated. Our first quarter results reflect continued progress as we execute on the foundation we established in 2025. We remain focused on building a disciplined operating model where spending is aligned with revenue generation and clear return on investment. That focus is reflected in our results.

We maintained a relatively