Good morning, and welcome to the Intouch Insight second quarter 2026 earnings conference call. All participants will be in listen-only mode. After today's presentation, there will be an opportunity to ask questions. Joining me today is Cameron Watt, President and Chief Executive Officer, and Cathy Smith, Chief Financial Officer. Before we begin, I would like to remind you that our remarks today contain forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those anticipated. Please refer to our regulatory filings for a full discussion of the risks and uncertainties that could affect our results. During this call, we will also discuss certain non-IFRS financial measures, including adjusted EBITDA. Reconciliations of these non-IFRS measures to the most comparable IFRS measures are included in our MD&A, which is available on SEDAR+. With that, I will turn the call over to Cameron Watt. Thank you, James, and thank you all for joining us today. Last quarter, I told you that 2026 would be a year of deliberate investment and that we expected the growth curve to build as the year progressed. The second quarter is that story playing out. Revenue of about CAD 7 million was up 8% from CAD 6.5 million a year ago. That is our strongest quarterly growth rate in seven quarters. It is also organic, and it is a step up from the 6% from the first quarter. The curve is bending the way we said it would. Each of our major product lines contributed. In fact, SaaS grew to CAD 475,000. Recurring services was up to 6% to CAD 5.9 million. Event marketing automation grew 8% to CAD 573,000. Merchandising, which did not exist in the prior year, contributed CAD 83,000. Let me be direct about the profit line. Look, we recorded net loss of CAD 43,136 in the quarter. It is essentially breakeven, and it is in line with what we planned. In the first six months of the year, we generated CAD 64,000 of net income, CAD 580,000 of adjusted EBITDA. I would flag that both figures include a foreign exchange gain of about CAD 143,000. So excluding currency, we are modestly below breakeven instead of modestly above it. We have achieved effective breakeven while investing in our sales organization and organizational capabilities. So we have funded this program without issuing a single share. Our share count is exactly where it was at the start of the year. Adjusted EBITDA of CAD 227,559 in the quarter is down from CAD 370,812 a year ago, and the CAD 580,183 for the first half is down from CAD 928,560 in the first. That gap has three parts, and I want to name all of them. The first is investment, which is deliberate. We have added materially to the sales organization, exactly as we told you we would in February and again in May, and selling expense is up about CAD 164,000 in the quarter. The second is general and administrative costs, up about CAD 181,000, excluding the currency swing, which Cathy will break down. The third is product development, up about CAD 93,000, and Cathy will explain that this is almost entirely the absence of investment tax credits rather than new spend. Gross profit was essentially flat. Our margin percentage was 46.7% this quarter against 50.4% a year ago, which is product mix, including the merchandising work we are ramping. So revenue grew about half a million dollars and gross profit did not grow with it. I am not going to dress that up. What I would ask you to watch is whether absolute gross profit dollars start moving as the merchandising and the other revenues continue to build. Now, let me walk through the four areas where we are putting the investment to work. First, software and SaaS. SaaS revenues were up 18% in the quarter. I want to give you an honest picture around that number. Part of it is new business. We signed expansion with existing clients. Part of it is foreign exchange, which moved in our favor through the year, and we've seen a small amount of client attrition. A handful of idiosyncratic situations. One client whose point-of-sale vendor bundled a comparable capability at no cost. Another loss to consolidation where the acquirer simply didn't use the tool. Those are one-off situations, not a pattern, and we plan for normal level of attrition in any business regardless. Taken together, I would not have you model 18% growth for the full year in SaaS however. What I would have you take away is that SaaS is healthy, it's contributing, and it's on track with our new strategy and approach. On the pipeline side, the seven-figure SaaS RFP in our core QSR vertical that I described last quarter is still moving, slowly and not on our timetable, but it's moving. What I can tell you is that we have cleared every qualification gate to date, and we remain in that process. We do not control their timing, and I would continue to think of that opportunity as a 2027 revenue event rather than a 2026 one. Second, from a merchandising standpoint, I'm going to give you the unvarnished version. Merchandising has quite simply been slower off the line than we wanted. We generated CAD 37,000 the first quarter and only CAD 83,000 in the second. So about CAD 120,000 for the first half of the year against a target for the full year of about CAD 1 million. That's not where we planned to be at the halfway mark, but startups are unpredictable, and they're lumpy. You have to have the discipline to trust your strategy and to be agile. During the second quarter, we've actually secured an additional merchandising customer, and we have contracted work in hand for the third quarter that exceeds the combined revenue for the first half of the year. We've also strengthened the sales organization dedicated to the business. Based on the contracts signed to date, we expect third quarter merchandising revenue on its own to be much larger than what we did in the first six months. I want to be clear about why I'm comfortable saying that. This is not pipeline optimism. It's signed work in the field. Merchandising is also a business where a program can go from nothing to substantial in a matter of weeks, which is what makes it frustrating on the way up and powerful once it turns. We are holding our full year target of more than CAD 1 million. The third area is new market expansion. Our push into grocery is progressing on schedule. We produced proprietary grocery research in partnership with Informa Connect and NextChapter, and earlier this week, Sara Beckett, our VP of sales and marketing, and myself, presented that research during the general session at GroceryNEXT in Chicago in front of an invitation-only audience of senior grocery operators. As I said last quarter, we do not expect grocery to move the revenue line in 2026. This is pipeline and credibility building for 2027 and beyond and is tracking exactly to that plan. Fourth, thought leadership. This is not a marketing line item for us. It is how our sales team gets in the door. In the quarter, we published our 2026 C-Store Trends report and our 2026 Emerging Experiences study on mobile order. Earlier this month, we presented our annual convenience industry study, which encompasses almost 3,000 site visits across 14 leading brands. I presented it on the main stage at the Outlook Leadership Conference, where we also announced our top operator award in conjunction with CSP Daily News. This study has become the benchmark the industry measures itself against, and it puts us in front of the executives who sign our contracts. With that, I will now hand the call over to Cathy to review the financials in more detail. Thank you, Cameron, and good morning, everyone. Total revenue for the second quarter was CAD 7,015,784, an increase of 8%, or CAD 512,245 compared to the CAD 6,503,539 in Q2 2025. By line, SaaS revenue was CAD 474,999, up 18% from the CAD 403,399 last year. Recurring services revenue was CAD 5,879,676, up 6% from the CAD 5,545,064 in the prior year. Event marketing automation revenue was CAD 572,560, up 8% from CAD 528,745. Merchandising revenue was CAD 82,824 against nil in the prior year period. Non-recurring services revenue was CAD 5,725, down from CAD 26,331 and is not material to either period. Geographically, U.S. revenue was CAD 5,839,165, up 15% and represented 83% of total revenue. Canadian revenue was CAD 1,169,422, down 18%, with international revenue of CAD 7,197, making up the small balance. Our U.S. revenue is reported in Canadian dollars and was affected by foreign exchange. Gross margin for the quarter was 46.7%, compared to 50.4% in Q2 of 2025. In dollars, gross margin was CAD 3,275,474, essentially flat against the CAD 3,278,092 we reported a year ago. Cost of services rose 16% on 8% revenue growth, driven by SaaS and contractor expense and by delivery and communication costs, which rose 26% as merchandising activity increased. The margin percentage decline is a mix effect rather than a pricing change. Operating expenses continue to reflect the strategic investments Cameron described. I would note that the prior year comparison is not clean at the operating line. Q2 2025 total operating expenses of CAD 4,299,212 included a non-cash impairment charge of CAD 1,193,484 against goodwill and intangible assets associated with the loss of an acquisition-obtained customer. Excluding that item, Q2 2025 operating expenses were roughly CAD 3.1 million, and operating income was approximately CAD 172,000 against CAD 54,361 this quarter. Selling expenses were CAD 845,670, up 24%, with salaries and benefits up 52% as we added sales capacity and travel up 39%. Marketing spend was CAD 293,956, down slightly year-over-year. Product development expenses were CAD 561,293, up 20%. I want to be clear about that increase. Product development salaries were essentially flat, up 1.4%. The majority of the change is the absence of investment tax credits and government contributions, which were CAD 84,551 in the prior year quarter and nil this quarter. General and admin expenses were CAD 1,814,150, down 7% as reported. That decrease is a foreign exchange effect. G&A this quarter includes a foreign exchange gain of CAD 93,957 against a loss of CAD 228,516 a year ago. Excluding that swing, underlying G&A was up about 10% year-over-year. The largest components of that underlying increase were investments in computer and AI-related capabilities, which accounted for approximately CAD 78,000, and an increase in salaries of approximately CAD 98,000 as we expand capacity. Turning to profitability, adjusted EBITDA for the quarter was CAD 227,559, compared to CAD 370,812 in the prior year. Three things drive that decline against essentially flat gross profits. Selling expenses, which were up CAD 164,000, other G&A costs up about CAD 181,000, excluding the currency swing, and product development, which was up CAD 93,000. Partly offsetting them is a favorable foreign exchange swing of about CAD 322,000. I would note that adjusted EBITDA includes the foreign exchange gain I mentioned, so on a constant currency basis, the underlying decline is larger than the reported figures suggest. We recorded a net loss of CAD 43,136 for the quarter, or CAD 0.00 per share, compared to a net loss of CAD 1,112,023, or CAD 0.04 per share in Q2 2025, which, as I noted, included that impairment charge. On a year-to-date basis, we've generated net income of CAD 64,169 and an adjusted EBITDA of CAD 580,183, compared to a net loss of CAD 899,421 and adjusted EBITDA of CAD 928,560 in the first half of 2025. Revenue for the first six months was CAD 13,686,230, up 7% from CAD 12,823,202. Now, cash. Because the number moved, I want to address it directly. Cash used in operating activities was CAD 403,631 in the quarter and CAD 598,857 year to date, against CAD 136,190 generated in the first half of last year. Before changes in working capital were generated, we generated CAD 587,199 year to date. The swing is working capital, and specifically receivables, which grew CAD 1,053,513, or 28%, from year-end to CAD 4,799,481. In days, that's roughly 62 days of revenue outstanding, roughly 57 at year-end. So, it's a five-day move. I would point you to two things in the aging. First, effectively, all of the increase sits in the current and 1 to 60-day buckets. Second, receivables more than 60 days past due actually fell 44%, from CAD 419,971 at year-end to CAD 236,517. And our provision for expected credit losses came down as well. This is collection timing on a small number of larger accounts, not a change in the quality of our revenue, and we expect it to normalize. On the balance sheet, we ended the quarter with CAD 954,386 in cash, down CAD 644,774 from year-end, and working capital of CAD 4,597,524, up from CAD 3,192,326. I want to be straightforward about what drives that working capital increase. It's the receivables build I just described, together with the March refinancing, which moved roughly CAD 491,000 of debt out of the current portion. It is not operating cash generation. Our current ratio is 4.02: 1. The term facility we refinanced in March with our chartered bank is authorized to CAD 2.6 million, of which CAD 1.965 million was drawn at quarter end, and the balance remains available subject to disbursement conditions. Principal repayments on that facility are deferred until February 2028. We have nil drawn on our CAD 3 million demand operating loan, compared to a CAD 380,000 balance at year end. Between that undrawn facility and our receivables position, we do not anticipate raising equity to fund this organic growth program. With that, I'll pass it back to Cameron. All right. Thanks, Cathy. Before we turn to your questions, a quick word on the outlook. Our 2026 expectations are unchanged, and they are the same ones we set out in our MD&A. Double-digit organic revenue growth by year end, merchandising revenue exceeding CAD 1 million, and continued investment into our strategy, which may result in an operating loss. On funding, we intend to fund those investments from cash generated by operations and our existing credit facilities, and we do not anticipate that shareholder dilution will be required. We went into this year expecting the growth curve to be back half weighted. The first half has come in essentially where we expected. 6% growth first quarter, 8% growth in the second, break even on the profitability side, and no shareholder dilution. To reach double digits for the full year, the back half needs to be about 13% against roughly 7% in the first half. I know you can all do math, so we did it for you. Yes, that is a hill. But we have signed merchandising work in the third quarter, and we also have other agreements, and we are working towards that goal on the services and the software side. Is there risk to the exact number? There always is. But I would rather stand here and tell you that we are investing into a set of opportunities we can see in front of us than manage this company for a prettier quarterly print and leave market share on the table. The lifetime value of the contracts we are pursuing is worth considerably more than the optics of a small loss. This should not be a surprising quarter in either direction. It is what we said we would do. With that, we are ready to take your questions. Thank you, Cameron. We will now pull for questions. Please use the Q&A function here in the Zoom room to ask a question. We will pause while the questions queue. I do see the first one coming in here. 8% growth is your strongest in seven quarters and fully organic. What changed in the business, and what makes you confident it holds through the back half? Well, I guess the best way to answer that is I think it's less about what has changed, and really it's more about what's starting to work. We've been working on the thought leadership and all the surrounding sales efforts now for a number of years. We've increased investments in this area even recently, as you've seen. We are getting more opportunities. We're doing better in terms of closing those opportunities and getting more than our fair share of them. I've always indicated that with those larger clients who are our targets, we're not trying to get the big guys, it does take longer than we'd like sometimes to close those deals and get them in the door from a sales cycle standpoint. This is why doubling the business shows modest growth in 2026, with acceleration expected as time goes on. The other area that's helped in the growth so far this year is the expansion with existing customers, which is not only positive revenue, but obviously it's also a very positive testimonial towards our products. The fact that the first half of the year momentum is based on activity from the last two years, there's no reason for me to think that we don't continue to see momentum as we continue to accelerate that activity. Thank you. The next question here, operating cash was CAD -599,000 year to date, and cash is down CAD 645,000. What in the receivables aging tells you this is collection timing rather than revenue quality? I think that question's for me. Sure. There are three things going on with receivables, and they are all pointing in the same direction. First, the receivables number is up CAD 1.05 million from year-end. That is all sitting in either the current or 1 to 60-day buckets, and those are invoices we've raised recently, not invoices that have been sitting around. Second, the older money is actually getting better. Anything more than 60 days past due has come down 44%, actually, from about CAD 420,000 at year-end to CAD 237,000. If we had a revenue quality problem, that bucket would be growing, not shrinking. So it's going the right way. Our provision for expected credit losses came down, too, from about CAD 18,000 to CAD 11,000. Third is the size of the move in days. We went from 57 at year-end to roughly 62, which is a five-day shift. It's a small number of larger accounts, and it's structural. Underneath it all, before working capital changes, we generated CAD 587,000 of cash year to date. The business generated cash at the operating level, what moved is when it lands, and we expect it to normalize. Great. Thank you. Next question I see here, 83% of your revenue is in the U.S.A., and it is where your growth came from. Do you feel any risk from the current trade war? There's a trade war? So here's the good news is that back in really what was the first term for President Trump, we could tell that American protectionism was likely to be on the horizon. We now have a structure that we are in fact an American company in America. We do all of our business in the United States. We do it through an American corporation out of Delaware. We have American employees. We pay American taxes. So we're doing effectively exactly what the American administration wants companies to do, and that is do our work in America and pay Americans and pay American taxes. So, I don't think we're at risk from that. In addition, we're in the services business, which are traditionally not something that are subject to a tariff regime. I think that the fact that we're in something that's not typically on anyone's radar for a tariff doesn't make sense, combined with the fact that we are a Canadian company, we operate in Canada, and we are an American company, we operate in America, doing exactly what the administrations want us to do. We don't treat that as a significant risk on our side. Thank you. The next question, product development was up 20% and G&A down 7% as reported. How much of each is actual spend versus the investment tax credits absence and foreign exchange swing? Sure. I think that also is for me. It is a good question. Because the reported percentages do go in opposite directions, and neither one is really telling the right story. First, on product development, we reported a CAD 93,000 increase or 20%. Of that, CAD 85,000 is simply the absence of investment tax credits and government contributions. Actual spend was only up about CAD 8,000, salaries are basically flat at 1.4% increase, and consulting is flat. So it is really the absence of credits, not any new spending. On the G&A side, we have sort of the opposite story. We reported being down 7% or CAD 142,000, but it is really a currency swing. We booked a CAD 94,000 foreign exchange gain in the second quarter, and we had a CAD 229,000 loss this quarter last year. So that swing is about CAD 322,000 favorably, and it is sitting in that line. If you strip it out, the underlying G&A is up about CAD 181,000 or 10.5%. The last two largest pieces there are roughly CAD 78,000 of computer and AI investment and CAD 98,000 of salaries as we added capacity. So if you put selling product and G&A together, on a real spend basis, we invested about CAD 353,000 more than last year. Reported operating expenses excluding prior year impairment are only up about CAD 115,000, and the gap is really that CAD 322,000 currency benefit, partially offset by the CAD 85,000 worth of tax credits I just discussed. The reporting line understates that, it is misleading in both directions. Thank you. As a reminder, if you would like to ask a question, please use the Q&A function or button here in the Zoom room, and you can go ahead and type your question in. I do see some more sitting in the Q&A. Next one is, merchandising delivered about CAD 120,000 in the first half against a CAD 1 million target. What is actually contracted for Q3 versus pipeline, and what underpins holding the full year number? Unfortunately, I can't give you the actual number for Q3 because that would be selective disclosure. The markets are open, so we won't do that. I will, however, confirm that we have contracted revenues that are well ahead of what we did in the first half of the year. If you just want to think about the signals here, I have said that we're maintaining our outlook for CAD 1 million for the full year, which must give you some idea that there's a confidence level and some significant figures for Q3. Merchandising is one of those areas where you can sign one six-week engagement with a retailer, and it could be worth CAD 300,000. So we continue to get traction with being a vendor under consideration by people. We do expect to start getting more and more opportunities to do those projects as time goes on. We're still holding the number. Great. Thank you. Next question is, your profits are already flat and margin dropped year to date. You mentioned that product mix was a part of it. Can you expand and explain, including how merchandising was part of this, and what the impact on the rest of the year will be if merchandising grows? We'll stay with the merchandising theme. Merchandising was part of this, obviously. As we stated, so was the fact that we saw growth in our existing larger clients, who naturally have lower margins. When you grow your highest volume, lower margin business, it's going to drop your overall margin, but it's still very positive and very positive signals to the business. The reality on merchandising, specifically, is that gross margins are lower. Don't be fooled by focusing too much on that gross margin line. Because merchandising has lower gross margins, but the programs have similar profitability as almost all of the other costs for merchandising. Sorry, not other costs. Almost all the costs of merchandising, pardon me, really are sitting inside the delivery itself. Merchandising is a hands-on situation in the literal sense. Since almost all the costs of merchandising are above in that gross margin cost, what happens in terms of when it grows is that it still has that profitability. I actually look forward to seeing revenue grow. I look forward to seeing the lower margins and the higher profits that will happen as well. Great. Thank you for that. Let's see. The next one. You funded new sales capacity, merchandising, grocery, and AI investment without issuing a single share. How are you still funding this, and what should shareholders take from it? The answer to that's pretty simple. The underlying business is healthy. If we chose to focus strictly on profitability, we could be putting a different P&L out. If you took a look at the last six years and include the pandemic, you'll see that we lost 70% of our revenue in Q2 of 2020, and we still never raised funds. In fact, we were EBITDA positive throughout the entire pandemic. We are proven that we are very well managed financially, and that we simply watch the cash the business can throw off. We know that's what we have access to, and we ensure we always spend less than that. I would say that my dad used to tell me, "If you spend less than you have, you'll be all right." In our case, it means that we follow those principles, and we don't have to issue shares. Excellent. I do see one more question here. It says, you have a number of studies, and your convenience study now covers nearly 3,000 site visits across 14 brands. Is that a large expense, and how does it convert into pipeline and signed contracts? Look, short answer is yes, it's a relatively large expense for us. For some companies it might not be. It's not a large expense in the scheme of what it means. When we do a study like that one, the one you referenced that I was just on stage in L.A. in early August presenting, we do have to essentially absorb the cost of goods sold for those visits. We still have to do all the visits, and we don't have anybody paying us for it, so we absorb the cost of goods sold, and that's really the cost. Looking at that study specifically, it's not that we just have the study, which we can put on our website. We send it to prospects, we use it on social media. We leverage the data. It gets us earned media, things like that. It also gets us on the main stage of an industry-leading event. It gets us a front page article in an industry-leading publication in that industry. We get all of that, and the only cost we had was the cost of goods sold on the shops themselves, and of course, the internal team who pulls the analysis. I would also mention we have some studies, such as our QSR drive-thru study, for example, which is another staple in the QSR industry. It's actually paid for by the brands who want the data, because that data's so valuable, brands pay us to get access to it. We still get all the same benefits from that one. We get a stage presentation, we get the media representation, we get to use all the data. We get coverage on that one, half the time in The Wall Street Journal. We get lots of value for what we get. But yeah, it is an expense. That's the investment in marketing. Relative to marketing dollars, it's very cost-effective spend, because it also helps to get that pipeline and sign contracts. Because being the thought leader means people will take your calls. I would ask everybody who's listening to this, think about the fact that when someone calls you or an email comes in and you don't recognize that call, or you don't know who that email is coming from, do you answer the phone? Do you read the email? Most of us have a preview, and the answer is no. The old activities that used to work don't work anymore. By being a thought leader and by being out there, we have a leg up on our competition, because people will take our calls. Then when we actually get into a bid process, we also have an advantage because we are that industry leader. There's that old saying, you don't get fired for picking IBM. Well, these guys, if they want to make sure they've picked the right vendor, why would you not pick the vendor who everybody in the industry knows as the leader who does that type of data capture? They're not cheap, but they're very good spend. They're within our marketing budget, and I think they deliver a great outcome. Great. Thank you, Cameron. I see no further questions at this time. If an investor does have a question who might be listening on demand, please feel free to reach out to Intouch Insight or myself, james@haydenir.com, and we will get you answers to your questions. Now I will pass it back to Cameron for any closing remarks. I would like to start by just apologizing. I know some people had trouble logging in, so we delayed the start a little bit for technical difficulties, and I appreciate everybody else that was not having technical difficulties sitting tight there in the beginning. I hope that the takeaway you have from this call is that we are essentially doing what we said we were going to do, that all of the information we have presented in our financial MD&A is showing that we are on plan with our plan, and that we look forward to kind of heading into the future together. I appreciate everyone who is taking the time to listen to this. That concludes our webinar. You may now disconnect your lines.