Tantalus Systems Holding Inc. (GRID:CA) Discusses Q2 Performance Highlights and Opens Q&A Session Transcript

Good afternoon, everyone. Thanks for joining us today. We have an update webinar with Tantalus, which is listed on the TSX under the ticker GRID. As many of you know, they reported Q2 results -- record Q2 results last week, and we had an official earnings call. So if you'd like to check that out, it is on Tantalus' website. This is more of an unofficial call, so investors are able to ask questions.

Good afternoon, everyone. Just a quick overview of the quarter. As Deborah mentioned, Tantalus delivered a record second quarter. And more than any single number, this quarter really demonstrates the durability and operating leverage of our business model. And 4 key results that I wanted to highlight include record revenue of $15.4 million, up 18% year-over-year; gross profit margin of approximately 55%, well above our target of 50%; we delivered positive adjusted EBITDA of $690,000, up 35%; and we have the strongest balance sheet in our history with total liquidity of -- excuse me, $41.3 million. And when you look at our