Hi, good morning, everyone. Thanks for joining us today. We have an update from Microbix on their Q3 financials that they released this morning. With me, I have Cameron Groome, CEO, Ken Hughes, COO, and Jim Currie, CFO. Before we get started, the format will be a bit of an overview of the quarter from the management team, and then we'll jump right into Q&A. So if you have any questions, feel free to submit them in the Q&A box at the bottom of the screen, or you can always email them to me at deborah@cap.ca, although I'm sure most of you have my email address at this point. I don't believe that we're going to work off a presentation, but this presentation will contain forward-looking statements. If you'd like to know more about those, you can find them on the presentation on the company's website, which I will have updated later today. Unfortunately, I didn't quite get it done for this call, but it should be there this afternoon. With all of that out of the way, and I'm sure you're tired of hearing me talk, I'd like to introduce Cameron Groome, who's going to kick things off to talk about Q3. Great. Well, thank you very much, Deborah. Thanks, Jim and Ken, and thank you, everybody, for taking a lovely August morning to join us for this Q3 related webinar. Apologies in advance. I picked up a bit of a chest bug at the ADLM, following the ADLM conference in Chicago. So if I cough a little bit or if Jim and Ken need to take over momentarily, please bear with me. That's what happens when you hang out with 28,000 of your friends that work in clinical labs, you put yourself a little bit out there at risk. But on the mend. So thank you. For Q3, Microbix, as you've seen this morning, reported revenues of CAD 5.1 million. That's comprised of CAD 3.3 million of sales of our antigen or test ingredient products, a little bit ahead of where we were targeting, and CAD 1.7 million of our test control QAPs products, a little bit behind where we were targeting, with the balance of about CAD 100,000 thereabouts comprised of inbound royalties to us. And that compares to total revenues of CAD 5.5 million the prior year. But it's important to note that in the prior year, CAD 1.4 million of the quarter's revenues were comprised of a Kinlytic related milestone that was a one-time occurrence. So when we're looking at recurring product sales year-over-year for Q3, they have increased by about 20% year-over-year, so a very respectable growth for our industry. Similarly, for the nine months, year-to-date, we've achieved revenues of CAD 19.1 million, CAD 4.1 million of which were Kinlytic related milestones, and that was comprised of CAD 9.3 million of antigens, CAD 5.3 million of QAPs, and the balance of about CAD 400,000 royalties. So, comparatively, that compares to year-to-date revenues the prior year of CAD 12.2 million, of which CAD 1.4 million was Kinlytic related. So when we look at our comparability of year-to-date product sales for the nine months, we're at CAD 15 million in recurring product sales this year versus CAD 10.9 million the prior year. So, for growth, year-over-year sales growth, recurring sales growth of about 38%. So we consider this to be a very strong growth rate, and for our recurring product sales and are pleased with that performance, and frankly, we hope you are too. Industry growth in our industry is considerably lower than that rate, so we are strongly outperforming the overall growth of the diagnostic sector based on what we believe are doing the right things in terms of our customer servicing and product development efforts. In terms of margins, overall, gross margin for Q3 was within a satisfactory range at 54%, and that compares to 42% gross margin the prior year. In Q3 of fiscal 2024, our gross margin was positively influenced by ongoing work that we've undertaken to improve production efficiency, and it was negatively influenced by some write-downs, the provisions we took related to stale-dated QAPs products, which I'd best describe as bin ends, that we can go into. By comparison, gross margins the prior year, gross margin the prior year was buoyed by a Kinlytic-related milestone that I mentioned earlier, and it, and also reduced by a write-down of expired viral transport medium inventory, that was provided for in Q3 of fiscal 2023. So, looking for the nine months, of course, gross margin for the nine months year to date was similarly in a satisfactory range at 63% gross margin for the nine months this year, compared to 49% gross margin the prior year. So again, we're pleased with this performance and, and certainly hope that you are too, as shareholders. At this point, perhaps I can ask Jim Currie to speak a little bit about the balance of the P&L, our balance sheet position coming out of the third quarter, and likewise, review of sources and uses of our cash for the for the nine-month period. Jim, please, please go ahead and you're off camera for- ... I think he may be having some technical difficulties. Okay. Well, let me step in then. I will go through a few of my notes. Just in terms of our looking further, you know, our overall breakeven point, of course, as we've disclosed, is around the CAD 5 million revenues mark, and we came in with a satisfactory bottom line, margin, net margin of 5% for Q3. This is largely in line with our expectations. And in terms of expenses, you can see SG&A expenses very much tightly controlled and not materially changed year-over-year. Our cash flow from operations generation was CAD 1.4 million, and of that, this is for the nine-month period, and we've used about CAD 1 million of that in CapEx and about CAD 500,000 in debt repayment and use of the normal course issuer bid. So, again, very satisfactory numbers, and our liquidity position and leverage remains quite strong as well. We have a current ratio of about 6.6, which is very strong liquidity position, and we continue to de-lever our company, and have brought down the debt-to-equity ratio to 0.35, which again, is pursuing a downward trajectory of improvement in terms of the equity that we have employing and paying down debt rather than running down. So, strategically, I'll just roll through a little bit. You know, we're now consistently posting sales over our CAD 5 million a quarter breakeven point without any reliance on government-related procurements, and this puts us in a very strong and sustainable position to continue growing our company. Having, as I mentioned, come back from the largest U.S. industry trade show, I can very much confirm that we continue to add new business with our existing customers, and we continue to target and add new customers as well. All this continues to be amongst the leaders in the proficiency testing and external quality assessment customers. Those are the agencies that do the proficiency testing and accreditation of the clinical labs that are major customers for our QAPs products. We continue to grow our business with test makers. This is for both our antigen test ingredients products as well as our QAPs products for inclusion in the kits of test cartridges, often in the point of care, but not always. Also direct sales to clinic major clinical labs is continuing to grow as well. So the outlook is very positive overall, and the only questions that, that we continue to ask and answer relate to the timing of our clients', projects. But, before we get too granular in terms of outlook, I'll now ask if Ken can provide us an update, both on operations in terms of some of the progress we're making there, as well as, on our therapeutics project, Kinlytic urokinase, which, promises to be very important for the company and is also progressing, I would say, very well. Ken, please, please go ahead. Thanks. From an operational perspective, basically, we just continue to execute. But we've announced the commissioning of a new R&D and QC space in our third building at 275 Watline Avenue, which was a subject of an announcement with Minister Tangri, provincial minister. And we've also got the full automation unit in another lab in that same building, fully operational now as well. So basically, we've executed on all of that, and we're in the process of actually building additional capacity. To do that, we've been deploying grants from the Ontario Together Fund, as well as interest-free loans from FedDev Ontario to have inexpensive capital to drive this. And we've basically been delivering, as we said we would. In terms of the core business itself, the development and manufacturing and QC teams have done great work in improving manufacturing and throughput efficiency, which is driving margins. We've seen that on multiple products, and that will continue to be the case. We really do have an excellent scientific and technical team at Microbix, and that's going to continue to be the case, and that's going to drive margins going forward. So from a general operational perspective, from our business in Q2, we've also successfully re-audited our ISO 13485 status, and also successfully adapted our European filings to the In Vitro Diagnostic Regulations, the new regulations, rather than the directives, which is a much higher standard, and we passed those audits with flying colors to maintain our CE marks in Europe and our ability to sell around the world. So we are excellent in manufacturing, in development, in testing, and in the quality systems. In terms of the digital implementation of quality management system and the ERP, both of those are successfully implemented and are just being built upon to make us more efficient and have the additional capacity to build forward as we need, and have the capacity to sustain our growth over the coming years. So operationally, everything's going extremely well. Now, on Kinlytic, I have to say everything's going extremely well there as well. We have an excellent relationship with Sequel, and we have a CDMO now working on upgrading the drug substance, the purified urokinase protein for regulatory filings, and those studies are going exceptionally well. With the data, I mean, this is a low-risk process in the sense that this is the product was the standard of care in catheter management and other thrombolytic indications for decades. So it's not gonna fail clinics. This is about implementation of a process, an updated process, and that's going extremely well, and the analytics to go with that. We're now in the process of engaging with a clinical research organization or development and manufacturing organization for the drug product, which is the finished form, which will be in the vial, which will be used on patients. And that also, those negotiations are going very well as well. So we really have, we're moving forward at a pace in all aspects of the Kinlytic project, and the timelines are unchanged from the last time we spoke. So bottom line is, operations for the general business are going very well. The Kinlytic project is going very well, and as usual, we're executing exactly as we said we would. You're on mute, Cam. Thank you. Thank you, Ken. That's a great point at which to leave it off. I think that we continue to do what we say, we're going to do and have set out to do is very important, and the strength of the operations continuing to prove, improve is really reflective of that. Certainly we're gaining, I would say, greater visibility within our industry, as go-to providers for not just test ingredients, but also for our test controls, which are so essential for our clients. Very pleased with the progress of Kinlytic urokinase. Of course, you know, we are selling products a unit at a time for our diagnostics business and growing that quite substantially. The torque, additional leverage provided from Kinlytic, when that hits in several years' time, that will certainly, probably provide as much profit again as our entire diagnostics business by that point. So remains extremely relevant, to all of us as shareholders in Microbix, and delighted to see that progress. Now, we lost Jim for a couple of minutes there, Jim, and I valiantly filled in- Sorry, sorry about that. Can you hear me? We can, and I- Oh, okay. I valiantly filled in for you. Maybe if you wanna offer any supplemental comments about the financials for the quarter. Yeah, I'm not sure what you told them yet, but I'll add some supplemental. Sorry about that. Don't ever switch laptops a day before you go on these calls. So that's the moral of the story here. So I apologize. Yeah, no, a really strong quarter that we had both from a top-line and a bottom-line perspective. I think Cameron will have identified that we had some favorable items coming from the funding side in terms of our FedDev grant providing us with some more beneficial terms, and a delay in when we have to start our repayment out until I guess now January 2026, as opposed to originally starting in December of this year. The FedDev loan, I think you meant- The FedDev loan. Sorry, yeah. You said grant, just to avoid confusion. Yeah, apologize. That, thus the repayment. OTF, we also saw some favorable grant income recognized in the quarter, so that was excellent. Revenue growth, fantastic, for our QAPs and antigen businesses both. We're seeing some really strong bounce back. We're now well past COVID, but we certainly saw a downturn on the antigens business during COVID, but we are starting to see the results of the bounce back in COVID and especially through our distribution partner in Asia. Capital contributions, we've taken, we're continuing to invest in the business. We're investing in all areas. I don't know whether you mentioned the acquisition of some technology that we were previously paying royalties on. We took the opportunity to acquire the materials and some rights and know-how from a key supplier of ours, and it was CAD 270,000 that was capitalized during the quarter, and that should benefit us as we move forward. That's cash flow is great. We're sitting with about a better part of CAD 13 million in cash, and we've got our CAD 2 million of credit available to us from TD as well. So, we're well-funded at this point in time. Thank you. Jim, did you, did you want to mention anything about the Normal Course Issuer Bid and the pace of share buybacks? Yeah, we're... Yes, through the third quarter, we had CAD 1.6 million acquired in the form of buyback. We're continuing to look at, and we saw, I think it was in July, that we've seen the block transactions as well as the regular daily transactions. So we're continuing to believe that we've got an undervalued stock, and we think that we should continue the buyback process, and we will continue that as we move forward. ... Yeah, very, very much. Thank you, Jim. No, I think that emphasizes, you know, the cash balance continued to be very strong and, you know, net positive, even as we are reinvesting strongly into our business to further improve efficiencies as well as buying back stock. Those actions still we are not meaningfully eroding our cash balances, which is, again, very helpful as prospective customers evaluate making us a critical sole source supply chain partner, that they know we have the strength and staying power to be there for them as needed. So, No, that's a good point, Cameron. Yeah. Again, very strong, and at a minimum, our normal course issuer bid activities are enough to fully offset the prospectively dilutive impact of our rolling stock option plan. But certainly, we will go well above the 2% buyback level and would happily buy back the allowed maximum of 5% if we can get the blocks to effect that. In the meantime, we buy back as much as we can every day under the prescribed rules of the stock exchange. Thanks, Jim. Thanks, Ken. In terms of you know, a little bit of strategic discussion, certainly the outlook for the balance of 2024 into 2025 is strong. We don't give specific quarterly guidance, as everyone knows, but certainly we expect Q4, the September 30 fiscal Q4 closeout, to be very strong and certainly will be north of 20% year-over-year sales growth for Q4, as we've seen in Q3 in the prior quarters. In terms of the 2025 outlook, our budgeting process is conducted in through the August through to a budget approval in November timeframe. And we'll be looking at sales growth, certainly in the 20%-40% range, but where we land precisely there very much depends on a detailed bottom-up forecasting exercise that we do that's a result of analysis, customer by customer and SKU by SKU. So we're not just blindly ballparking, but really specifically identifying where revenues will be derived. But, we certainly see the strong, very strong growth trajectory that we've seen in 2024 to continue, into and through 2025. And in so doing, we will very much be holding to our model of profitable growth, and we'll be continuing to manage our liquidity to remain in a position of strength from a balance sheet point of view, while continuing to use the NCIB, the, share repurchase plan, aggressively to reduce our net number of shares outstanding. So that's, I think, where I would land as a summary of the quarter. I know we have a good number of attendees on the call, and perhaps they would be at this point, Deborah, if there are any questions that you have or any questions that we have from our listeners or participants in the webinar. I'd be delighted to address them. Sure. Actually, I have a question. It's probably not all that relevant, but I was thinking about it this morning when I was reading the news. I believe a number of years ago, when Monkeypox first came out, you did develop some test controls for that. Do you think there's a business opportunity with the resurgence of the new strain in Africa? I would say yes. We certainly acted to develop a product on request of our proficiency testing and lab accreditation partners, and we have generated some revenues from that project. We'll be evaluating whether the previously developed monkeypox controls remain fully relevant for the emerging clades and variants of monkeypox, but our capabilities are undiminished. And to the extent that that or H5N1 or any other emerging pathogen surface, those we'll be right there to help the industry and make sure that testing is as accurate and well controlled as possible. So yes, all of those opportunities serve as you know potential sales opportunities for Microbix. Okay, and then I had an audience question that came in earlier. Previously, the company announced on VTM that Microbix sees material and emerging interest from private customers, and we'll be building that business line going forward. Those are direct quotes, Cameron. Can you please provide an update on progress with VTM? Yes, we've been looking at other opportunities, nongovernmental opportunities for VTM and VTM-like products. And some of the areas that we've seen strong interest in are for being able to properly elute control samples for use. So effectively combining our QAPs and our VTM to offer sort of whole process solutions for our customers, and these can be within the context of our onboarding kits, as well as in control materials with the customer to say, "Hey, you should be using a compatible buffer. This buffer is certainly compatible, and please make sure you're validating your workflows properly." So there is a definite value in having VTM and using it for support of our controls business directly with customers. We have seen sales in a material fashion in that category, but we're not breaking it out as such, as it's really tied to the QAPs business at this point. How much of VTM production capacity has been reallocated at this point? A small proportion. It wouldn't be the full capability of the line. You know, the line is made to manufacture millions of vials of product, and we're looking at a much smaller scale at this point, edging back into that market, and it takes time. A couple other audience questions here. Antigen and cap sales have been lumpy over the past few quarters. What are some causes of the fluctuations, and do you expect this to stabilize in the future? I'm not sure I would call them lumpy, but let's assume that that's the case for the interest of this exercise. You know, it's always a question of when a customer is seeking to take delivery of product. So, we are always looking to delight our customers with delivery schedules. But if a customer says, "I want to take product on July first, not June thirtieth," that's when, you know, that's when it's going to happen. So we don't game our quarters in terms of jamming revenues in and out of them. It's really a collaborative relationship with the customer. When can we have made the product, and when do they want to take delivery? So, we see that. Now, oftentimes, we've seen, you know, sometimes customers can wait till the last minute and create a bit of a fire drill for us to make a product, but we try to work to schedule workflows so that it's maximizes our capacity and doesn't overtax our staff unnecessarily. So, you know, if we look at our quarters, I think we've been up in the 20%-40% range each quarter of this year, and certainly, we'd like to see that continuing. Cameron, we do have events sometimes within the PT business that could provide some lumpiness in our sort of QAPs business on a time-to-time basis, where we'll- Great, great point, Jim. If you maybe want to expand on that a little bit, just- Yeah. How that goes. Well, our proficiency testing customers that have events that take place throughout the fiscal year. However, they're in one particular customer case, they only have, we only have sales to them in three of the four quarters. So there is a quarter that ends up with... And they're a fairly significant customer, so that will impact quarterly results. And I think as Cameron identified on the antigen business, it's really highly dependent upon, you know, four or five of our larger customers and the timing of their demand, as to when we see the shipments go through. So we can have, as we've seen in the past, Q1 has typically been a quieter quarter for us, and it's becoming less so than it was a number of years ago. But, we're now starting to, so it is impacted by large antigen customer orders as well. Yeah. And the peak, just to expand on Jim's comment about the proficiency testing and external quality assessment customers, often the labs are tested of their competence 3 times a year. So there are, for those customers, there are often 3 large shipments throughout the year to each one of those customers, adding, you know, creating some of that quarter-to-quarter shifts. And the antigen customers, that they can take a, you know, CAD 500,000 or a CAD 1 million delivery, and which side of the quarter end that falls upon is typically not in our control. I mean, the processes by which antigens and QAPs are made can be quite long, and the delivery can be quite large. And so, you know, they can, that can generate a little bit of lumpiness as well, and as Cameron says, we don't game the quarter. But as this business is growing and there are more events and more deliveries, there will be something of a smoothing associated with that. But, you know, if somebody orders CAD 2 million worth of Rubella virus, it's a single delivery, and that's gonna, by definition, create a little bit of lumpiness, which will be diluted by the increase in volume of what we're doing here, and I think we're seeing that. So it's not quite as lumpy as it once was, and it's going to continue to smooth. Yeah, I would expect that smoothing process to continue over time. Certainly, we're also seeing a growing number of direct lab sales as well, and while that's still a smaller proportion of overall sales, those CAD 500 or CAD 1,000-dollar invoices coming in on a more regular stream certainly serve to offset some of the big industrial customer sales. ... Questions here. There's been a strong resurgence in antigen demand this year. Can you share your expectations for antigens going into Q4 and next year based on current visibility that you have? Certainly, we have a very strong order book with antigens. There's, there's no indication in, in my mind that that is in any way slowing down. So that continues to be a very strong segment of our revenues. And, you know, in terms of, we do have a visibility on visibility of orders for most customers out a few quarters. So that is strong. We don't publish sort of an order book number, but it is visible to us and certainly looks to be strong going into at least the first half of fiscal 2025. Jim, without providing express guidance, are there any qualitative comments you'd want to make about the antigen outlook? Oh, you're on mute, Jim. Yeah, we certainly, in the antigen business, especially, we do get a lot of visibility to future orders because it, we don't typically stock a lot of inventory. Been trying to, but it keeps selling. We're trying to catch up. Quite frankly, that's, that's where we are, is manufacturing is going, you know, going full out, to meet the demands of our antigen business, and the outlook is into the first half of next year, continues to be very strong. And we continue, and I didn't mention that in the operational update, to deploy state-of-the-art technology, to be announced, our second antigen product going into the bioreactor recently, and we're continuing to develop that. And Jim mentioned earlier about importing new technologies that are state-of-the-art and deploying them both in terms of manufacturing and testing. We're going to continue to do that. It's very important to understand that we really are world leader in this particular area in antigens and quality assessment products and related controls. And so the market is going to be growing with us in it, and we're going to continue to maintain our leadership by deploying state-of-the-art technologies. Yeah. Well, part of my question, Ken, but I'll give you the second part, and I don't know if Cameron's going to allow you to answer it. So with the addition of a second bioreactor line, can we assume that there's another type of antigen that is selling quite well, like Rubella? Yes. Are you able to talk a little bit about that? Yeah, we're not going into detail about precisely what we're making, you know, where and how. You know, as some people say, oh, no, don't tell me how the watch is made, tell me what time it is. But, you know, this is about being able to scale as efficiently as possible in terms of our production. We don't want to scale in such a way that we have to arithmetically increase our footprint as we grow revenues. We want to do more and do that more efficiently such that we can grow margins at the same time as we're growing revenues. That's the kind of work we're doing very much, and we have a very strong group, technically, within R&D and product engineering that are making some real progress in that regard as well. So we see that in the gross margin numbers. We were deploying- Ken, you're champing at the bit to go on. We're deploying multiple technologies. We announced the bioreactor, but it's not just the bioreactor. We're state of the art in many areas, and we've got a great team that are making sure that we have the necessary capacity for throughput, but also that we maximize margins going forward. And then on both sides of that equation, the work is going very well, and we do have an excellent team to do that. So we anticipate easily, well, not easily, nothing's easy. We anticipate being able to support the growth necessary and growth beyond where we are today, based on the technologies that are being implemented as we speak, and we will continue to grow from there. Yeah, and this, this really speaks to work in R&D, work in engineering, work in manufacturing, work in QC, work in QA, looking at efficiencies up and down the line. And by efficiencies, we're not talking about some, you know, Dickensian, work harder philosophy. We're trying to empower our staff, give them the tools to do their best possible work, remove the drudgery, improve accuracy, and we see that benefit in margins and capacity. It's all about capacity building and the quality of that capacity, and it goes right through to IT and the electronic quality management system we're bringing into play, and the fact that the ERP, the enterprise resource planning system, is being updated. So it just serves all that capacity and that capacity growth as we move forward. I think that's a nice tie into a question that's been sitting here for a little bit. With automation now completed, are operating expenses expected to change going forward? I guess that one's for you, Jim. Yeah. I think what we've seen more recently, in the most recent quarter versus last year, is we've actually seen a bit of a reduction in our operating expenses because we went through a period of implementation of the ERP solution, as well as our master control on the EQMS side, that we're not incurring those consulting fees this year. So we are being more efficient with our operating expenses. I think in general, I wouldn't expect the level of operating expenses to grow, hopefully not at the same pace that our top line's growing, and it hasn't been, and I wouldn't expect to see that as we go forward either. Yeah, and I would comment about this. You know, when we look at just in the summary financials for the quarter ended, you can see that there's really been no material change in SG&A for the business year over year for Q3, even though we have dramatically increased revenues. So, so it is, you know, it is a disciplined execution that we're undertaking. We are, however, starting to get back into, well, back into trade shows and again, post-COVID, into the trade shows. And so there will be some continued investment in sales and marketing, as well as research and development, that we're certainly not holding back on, our research and development spend, and we're investing in adding new staff in the research and development area. So that, that is an area where we are investing. Yeah, and this is very much about product development that is specifically being requested by our customers. So it's not speculation, speculative development that we're undertaking, but rather very sales-focused product development. You know, one of the areas that we're stretched on is frankly, desk space and workstations within our operations. So you know, I wouldn't be at all shocked if towards the end of this year or early next year, we're actually talking about putting a fourth site into place to further support the growth. And you know, that's a small cost in the big scheme of things, but it is reflective, again, of the trajectory that we're on. Well, I've got two other questions here. Have there been any major advancements of other QAPs client programs? Yes, there have. You know, I think it's fair to say we count, I would say 4 of the top 5 largest diagnostics companies in the world as direct customers. We now are counting, the majority of the largest, proficiency testing and accreditation organizations as clients, direct clients, and the majority of the world's largest clinical laboratories have become direct clients. So, you know, as you qualify yourself as a direct vendor to these different companies, you know, that starts with, you know, a few SKUs, and then, it becomes easier to ask the question, "Hey, what other problems can we solve for you? “What other products can we be providing?” And as we open these accounts, building the business with each of them is a very clear objective of our company, and we're doing it, I think, well. One final question here, probably depends partially on mix, but what's your target for margins over the next few years? I know you don't give guidance, but I'll let you take that however you want. I mean, we had certainly quite a bit of variability historically within the antigen portfolio, product by product, and even lot by lot. We've been dialing to reduce that variability and improve margins, both with efficiencies and more intelligent pricing structures as well. I think we have improved things we've talked about. You know, when we began focusing on this exercise, I think margins were in the high 30s%. We've moved them up through the 40s%, now into the 50s%. It probably would be a challenge to get sustained margins, you know, across the whole portfolio, far over the 60% mark. But I think that continues to be a reasonable target for us, and we'll continue working in that direction. Jim, would you—what would you want to comment here? Yeah, I think you covered that well. I think that, certainly we've historically set a strategic target of being on the plus side of 60, 60%, 60%, and again, it depends on product mix as well, but certainly in the QAPs business, that certainly would be the expectation. Yeah. And for, of course, newer products, the greater the extent of innovation and proprietary nature of the product, the more a higher margin is justifiable. You know, for some other products that might be less unique, there's more, you know, competitiveness in terms of pricing. One last question. I thought we were gonna get away without somebody asking Cameron, but do you have an update on Quidel's, QuidelOrtho's respiratory panel progress? Certainly, they're moving forward with that, and the commitment is undiminished. Quite a bit of presence of the Savanna instrument in Quidel's trade show booth at the Association for Diagnostics and Laboratory Medicine Show in Chicago. Speaking with them, they certainly have very solid ambitions with that. You know, as an insider on that, I really can't directly comment on their targets and timing. You know, that would be speaking out of school, so to speak. You know, this is a very, very high priority for that NASDAQ-listed company and remains so. All right. That's all I see for questions. I see one comment, which was, "Congrats on another great quarter. Keep up the good work." Which I agree- Thank you. It was a really good quarter. You're starting to show real progress in terms of growth, growth on the QAPs and antigen side. Stock's still cheap. You're showing profitable growth and buying back shares. As a former analyst and banker, Cameron, what's it gonna take for the market to start to recognize the work that you've been doing? Well, you know, there's been some great commentary, I think, on these matters in the small cap space by Matthew Mountain, who I'll call out on this. You know, the question is: Do capital markets in Canada recognize the value of publicly listed companies in a timely manner? And, you know, if they do, we'll see our stock move up. If they don't, I think at some point, our industry peers will say, "This is stupid," and we'll be bought out, and it'll be another company that exits the public Canadian market. Certainly, you know, we wanna keep growing the business and posting these kind of numbers and returns for our investors. And, you know, hopefully, if not now, not before too long, that gets more fully recognized. Because I would agree with you, you know, we're trading somewhere, you know, 1.5 times sales, 1.5 times book, maybe, what, 7 times EBITDA. You know, this is not the- does not seem to me to be the appropriate price for a company that is posting the kind of year-over-year sales growth trajectory that we're very firmly on. But that's, hey, that's my opinion, and I, I'm not a licensed investment advisor, so I can't offer anyone advice, but I do own a few shares of Microbix. At least you didn't blame your IR. So I appreciate that. We'll get to that. We'll get to that. So one last question came in, Cameron. Prior guidance has been tough to hit in some years. What gives you confidence in hitting 20%-40% growth next year? Well, you know, we're looking at the trajectory we're on now. I'm talking about, to be clear, I'm talking about the growth in recurring product sales. So there'll be the Kinlytic milestones will not recur in 2025, but I'm talking about the comparability of year-over-year sales growth. We just frankly see increased business with most, if not all, of our customers, on top of which we're adding new customers, and we're adding new products. So, you know, that drives the basis of my optimism, and certainly, we'll be running more precise numbers as we go through our own budgeting exercise. You know, we manage our cash and our spend in relation to very carefully projected numbers that I mentioned are customer by customer, what do we expect to be realized within each of the four quarters of the upcoming fiscal year? And SKU by SKU, what do we expect to sell for those products? And that sort of cross-checking exercise is what we do, and then we manage cash to a lower percentage number so that we are not at all vulnerable if we don't hit our budget revenue numbers. Makes sense to me. I don't see any other questions. Was there anything else you wanted to touch on today that we didn't get to? You know, I might leave off with, and I'll ask Ken and Jim to leave off with the key point and give them 60 seconds to think about it, too. In terms of the points I'd make, you know, there is continued intense pace of innovation in the diagnostic space. You know, we're seeing better and better point-of-care instruments emerging, as well as better and better clinical laboratory-based assays emerging. All of these need the kind of support that we're providing on the test control side. And, you know, some of the meetings I had, even with competitors that are acknowledging we are way out front in terms of the innovations that we're making, in terms of specific QAPs, in terms of QAPs formats, in terms of capabilities. That leads me to some very good optimism that we'll benefit, alongside this innovation. And, more and more, as we acquire new customers, we're less and less dependent on the timing of success or success of any one customer. That leads me to be, optimistic, justifiably optimistic on a broad basis. So, you know, always tough to hit specific numbers, but I, I don't feel we have anything to apologize for when we're growing, you know, in the 20%-40% annual growth range. Right. Well, I think, actually, there was one other thing, Cameron, but I forgot to ask you if I could mention it, so I'm just gonna get myself in trouble, which is anyone that's in the Toronto area or would travel to the Toronto area, we are looking at potentially doing a site visit in September. So tentatively looking at the 26th. Feel free to reach out, but I will be sending around a save the date in the next little while. Hope that's not too offside, Cameron. No, no, no. Just putting the message out there. Thank you. And, you know, that, that's a soft date. If that doesn't seem to work for folks, we can move that around. But Deborah and I discussed that the other day, and that might be fun to show specifically what we're doing within our three current operating sites, and offer shareholders the opportunity to meet the broader team as well. So it's not just me, Jim, and Ken talking. But I did promise a last word and thoughts to Jim and Ken, so I don't want to forget that. Okay. Jim, why don't you go, why don't you go first, and Ken, you can go next, and we just finish this off. Yeah, I think if there's a point that I'd like to continue to make, and that is our continued investment in the business. We've invested in our systems, we've invested in our equipment, we've invested in our people, and our product development, all this towards our strategic sales growth. So we're well positioned today to, you know, probably double our revenues. And I think that's important to understand and to know. We're not gonna be scratching our way to get to that level. We've got things in place that will allow us to achieve those levels. Oh, great point, Jim. And this profitability doesn't come at the expense of starving the organization for resources. It's very much properly resourcing the teams. Thank you. Ken, what would you want to leave us off with? Well, my comments are not dissimilar to Jim's, as I'm sure he anticipated. But, you know, we continue to deliver on our operational goals. We reacted to the pandemic positively, and we reacted to coming out of the pandemic positively, and now you see that growth, which is being realized by the fact that we have the capacity and the capabilities and the state of the art to move forward from there. So I expect us to now, as to Jim's point, to be able to support great growth as it comes along, as we build this business, because we have got that capacity, and we've had inexpensive capital to do that. The other thing, of course, is Kinlytic is moving forward at a pace and moving forward well. So we expect to realize positivity in all these aspects, and it really comes down to the basics of science and manufacturing in a regulated environment. And Microbix is excellent at all of those, and we're a global leader in the areas of antigens and quality assessment products, and that's gonna continue to be the case, as we're ahead of the competition, and we're continuing to build our expertise and that capacity. Good. Deborah, Thank you, Ken. I'm gonna have a last word, and I just want to, I wanna first off, I want to very much thank our customers for the trust that they place in us, for these critical products. I want to very much thank our staff, in every department, who are just doing brilliant work, and, you know, we're so blessed to have such great people within our organization. It really is a privilege to work with everybody. And lastly, I just want to also thank our shareholders. You know, capital is a very hard one for everybody, and thank you all for entrusting us with a portion of your capital. It's a privilege, and we take that very seriously, as I hope you can tell from what we do and what we said today. So thank you, everybody, and thank you, Debra. Thanks, everyone. Thanks for your time, Ken, Jim, and Cameron. And to the audience members, thanks for participating. It's under an hour, so you're welcome. If you have any questions, would like a one-on-one, please feel free to reach out, and yeah, I hope everyone continues to have a good summer.