Good morning, everyone, and welcome to TelyRx's First Quarter 2026 Financial Results Conference Call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session. To join the question queue, you may press star one on your keypads. You will hear a tone acknowledging your request. Should you need assistance during the conference call, you may signal an operator by pressing star zero. If anyone has any difficulty hearing the conference, you may press star zero for operator assistance at any time. Please also note today's event is being recorded. Listeners are reminded that portions of today's discussion may contain forward-looking statements that reflect the company's current views with respect to future events. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. For more information on TelyRx's risks and uncertainties related to these forward-looking statements, please refer to the company's filing statement dated March 24, 2026, which is posted on SEDAR+. In today's discussion, we will refer to non-IFRS financial measures, such as adjusted EBITDA, that do not have any standardized meaning prescribed by IFRS. Management believes non-IFRS results are useful to enhance the understanding of the company's ongoing performance, but these are supplemental to and should not be considered in isolation from or as a substitute for IFRS financial measures. These non-IFRS measures are defined in our earnings press release and available in our MD&A, which also includes a reconciliation of these measures to their respective most directly comparable IFRS financial measures. The company's press release, MD&A and financial statements are available on its website and on SEDAR+. All figures presented on today's call are in U.S. dollars unless otherwise stated. This morning's call is being recorded on the 13th of May, 2026, at 8:30 A.M. Eastern Time. I would now like to turn the floor over to Vanessa Slowey, President and Chief Executive Officer of TelyRx. Thank you. Good morning, everyone. Welcome to our first quarter 2026 earnings call. With me this morning is our Chief Financial Officer, John Cascio. We are meeting a moment in healthcare. TelyRx is advancing a simple but powerful mission. To deliver essential medication directly to patients with no friction, no delays, and no barriers. The way people access medication is changing, and we believe those changes are permanent. Hundreds of millions of Americans manage chronic conditions, need routine prescriptions refilled, or simply want a fast, affordable answer to an acute health question. The traditional healthcare system remains fragmented, slow, and inconvenient. Take antibiotics, chronic conditions like asthma and diabetes, or women's and men's health. These are common everyday conditions where patients know what prescription they need, and they do not want to make an appointment and visit a healthcare provider to get it. Our vertically integrated platform compresses the doctor-to-pharmacy journey into a single digital experience. A patient visits our website, chooses from more than 400 FDA-approved medications, and the request goes to a licensed healthcare professional in their state who reviews and determines if it is appropriate. If approved, the prescription is dispensed with one of our licensed pharmacies and delivered directly to their door. No lines, no waiting, no travel, and no insurance required. The patient pays cash, the cost of the medication, plus a simple $22 visit fee. TelyRx doesn't compete with traditional healthcare. It replaces a behavior. We hold the first-mover advantage in the rapidly growing cash pay market, and patients have proven they want this, and our platform is resonating. A significant share of our revenue is driven by repeat customers demonstrating real stickiness. With coverage to reach over 97% of the U.S. population, the switching costs we create are the ones that pure telehealth providers and pure pharmacy players simply cannot replicate. The opportunity is substantial. The U.S. cash pay prescription market is large and growing rapidly, yet remains largely unaddressed by traditional pharmacies whose focus and business model depend on insurance. As changes in the U.S. insurance market accelerate, patients are increasingly willing to bypass that complexity and pay directly for convenient, everyday care. We are executing a disciplined patient-first strategy to capture that opportunity. Our growth speaks for itself. In the first quarter of 2026, the three-month period ended March 31st, 2026, TelyRx delivered continued strong financial and operating performance. Revenue grew by 180% to $19.4 million over the prior year quarter. Prescriptions fulfilled in the first quarter increased to 236,000 in Q1. That's up 188% over the prior year quarter. Adjusted EBITDA was a loss of $2.3 million. Our financial performance reflects the contribution from growth in prescriptions filled, overall sales volumes, and the contribution from new and recurring customers. I'm very proud of the entire TelyRx team, those in our pharmacies, and the people that work hard every day to deliver an excellent customer experience. It is the dedication and hard work of the collective team that has enabled us to deliver these results, and this is just the beginning. I will now turn the call over to John Cascio, who will discuss the first quarter financial results in more detail. John? Thank you, Vanessa, and good morning, everyone. As Vanessa outlined, we delivered solid growth in our key financial metrics for the three month period ended March 31, 2026. Revenue in the first quarter grew to $19.4 million compared to $6.9 million in the first quarter of 2025, an increase of $12.5 million or 180%. Throughout the first quarter, the company achieved consistent month-over-month revenue expansion, resulting in an 11.6% compounded monthly growth rate for the period. The year-over-year increase in revenue was primarily driven by growth in overall sales volumes and contributions from both recurring customers and new customer acquisition. Revenue consisted of revenue from recurring customers of $12.6 million in the quarter and revenue from new customers of $6.8 million. First quarter gross profit increased to $10.7 million from $3.5 million in the first quarter of 2025, an increase of $7.2 million. Gross margin was 55% in the first quarter of the year, up from 50% in the same period a year ago. The increase in gross margin was primarily due to improved purchasing economics for prescription medications, including increased direct purchasing from manufacturers and more favorable pricing negotiations with wholesale suppliers. Gross margin also benefited from lower transaction costs from improved margins on shipping and handling. Adjusted EBIT in the quarter was a loss of $2.3 million compared to a gain of $218,000 in the first quarter of 2025. Total net loss was $4.7 million for the three months ended March 31, 2026, compared to a gain of $38,000 for the same period last year. The loss in adjusted EBITDA and the net loss was primarily driven by greater marketing, operations and support, and general and administrative expenses as the company continues to scale. Cash used in operations in the first quarter was $1.3 million compared to cash generated of $133,000 in the same period last year, while free cash flow in the first quarter of 2026 was a loss of $715,000 compared to a loss of $268,000 in Q1 2025. 236,000 prescriptions were filled in the quarter, including record prescriptions filled of 87,000 for the month of March of this year, compared to 82,000 in Q1 2025, an increase of 188%. Turning to the balance sheet. As at March 31, 2026, we had cash and cash equivalents of $27 million as a result of the equity financing completed in the first quarter, up from $3 million at December 31, 2025. We have meaningful operating leverage across a number of areas. The business can scale significantly with modest to no additional investment. CapEx is modest given the investment that we've already made to date and given the nature of the operating leverage in the business. Overall, our financial position remains very strong, and we believe we are well positioned to support continued growth while maintaining a conservative leverage profile. With that, I'll turn the call back over to Vanessa. Thank you, John. TelyRx was founded by healthcare industry veterans, which is why from day one, we've prioritized compliance, clinical integrity, and patient trust. Our low-risk formulary of FDA-approved medications, our nationwide network of independent licensed providers, and our patient-first platform combine to deliver a seamless care experience. Everyone needs medication. TelyRx delivers it with convenience patients aren't getting anywhere else. This is a significant opportunity. We've built a platform that meets patients where they are. Fast access, no complexity, no insurance friction, and it's working. We have generated 60% of revenue growth on a compounded quarterly basis. We have a customer acquisition engine that delivers, and the majority of our revenue comes from repeat customers. We have built a platform that is designed to scale. Today, with our broad physician network and existing pharmacy locations, we have the capacity to drastically scale prescription fulfillment nationwide, far exceeding our current levels. The cash pay prescription market is one of the fastest-growing segments of the U.S. healthcare industry, and we will continue to execute on our strategy of expanding access to high-quality, affordable care and deliver meaningful innovation across the healthcare landscape. We hope you will join us on this exciting journey. With that, I'd like to open the call to questions. Operator? Ladies and gentlemen, we will now begin the question and answer session. Once again, to join the question queue, you may press star and then one on your telephone keypads. You will hear a tone acknowledging your request. If you are using a speakerphone, we do ask that you please pick up your handset before pressing the keys. If you wish to remove yourself from the question queue, you may press star and two. Again, that is star and then one to join the question queue. We will pause for a moment as callers join the queue while we prepare the Q&A roster. Our first question today comes from Kenric Tyghe from Canaccord Genuity. Please go ahead with your question. Thank you. Good morning and congratulations. If I could, just with respect to the first question here. In your go public outlook, you're looking at revenues of $112 million, adjusted EBITDA of some $4 million for 2026. Can you provide your commentary just in the context of that monthly revenue CAGR of greater than 10% on your comfort level with generating 2026 revenue of $100 million+? Our expectation is that performance is tracking in line with our internal plans, Kenric. Okay. I think that's a good starting point. Then, Vanessa, just further to that, just with respect to your customer acquisition cost trends and expectations, obviously a ramp through 2025. how is that setting up this quarter, and how are you thinking about the evolution of customer acquisition costs through 2026 and your ability to manage those within a targeted range? Sure. Well, the CAC came in favorable to plan in Q1. Our 2026 framework reflects rising blended CAC as we diversify channels and scale categories, and that's by design, not by change in view. We're operating in a paid media environment with normal channel cost variability and our disciplined approach to channel mix is how we manage through that. We're measuring ourself on payback and LTV to CAC on a period basis, and we remain comfortable that with the return profile through 2026. That's great. Thanks for that. Just, with respect to the web and traffic trends in quarter, could you sort of speak to the cadence and how that track both sort of coming into the quarter and then on the back of increased marketing spend, how you exited, the quarter as well? Sure. Okay. Traffic trends in Q1 were strong and they accelerated through the quarter, and that cadence was consistent with our marketing strategy, and it's the force of growth that rate we reported in Q1 revenue. Fourth quarter in Q2, traffic continues to support our growth plans, and we're seeing the kind of customer engagement we'd expect at that stage or at this stage. Blended CAC will move with channel and category mix, and we'll continue managing acquisition spend with a disciplined approach to channel mix and return thresholds. Thank you. Just a follow-up to that on the issue of marketing spend and your return on spend or ROAS. Are you comfortable with and is it tracking to plan with a potential 2026 exit of that 3.5x level? If not, what's changed? Well, yes. Based on what we're seeing in the business, our marketing return expectations through 2026 remain reasonable. Q1 performance supports that view. The marketing investment made in the quarter produced approximately 35% sequential revenue growth. The underlying unit economics on new customer acquisition continue to clear the return thresholds we've set intentionally or internally. With that said, Kenric, we'd be the first to revisit if conditions warrant channel, economic shift, category mix changes, and we'll always be disciplined about reallocating or pulling back where the math no longer works. Fantastic. Maybe just a quick final one for me, I'll get back in queue. You're recurring to new revenue, and I think, this quarter, let's call it roughly 2/3, 1/3. What do you like to see that trending to? Are you comfortable at the 2/3, 1/3 level? Kenric, we are comfortable with that level and that ratio. That ratio will ebb and flow over time depending on how fast we're growing that top of funnel new customer acquisition. Currently, everything is trending with our historical performance, and we expect for that to continue from into the following quarters. That's great. Thank you, John. I'll leave it there for any get back in queue. Once again, if you would like to ask a question, please press star and then one. To withdraw your questions, you may press star and two. Our next question comes from Frederico Gomes from ATB Capital Markets. Please go ahead with your question. Good morning. Thanks for the question here. Congrats on the quarter, and I guess the first, what we call here. Just wanna ask about the adjusted EBITDA for this quarter. You know, curious if you could maybe provide a little bit more detail on the, you know, some of the line items there, for the increased operating expense sequentially and whether it's, you know, how much of that is related to investments for growth and patient acquisition just building a platform, and how much is more structure in terms of, I guess, public company infrastructure, et cetera. Just trying to understand how to think about, I guess, operating leverage, as the top line scales for this year. Thank you. Okay, thanks. Our estimate points to positive EBITDA for the full year. Based on our current operating plan, we'd expect EBITDA trends to improve progressively throughout the year as revenue scales and we continue to realize operating leverage in the model. While we're not providing specific quarterly or monthly EBITDA guidance at this time, we are encouraged by the trajectory of the business on a path towards sustained profitability. Perfect. Thanks for that. I guess just a second question here, just in terms of products offered in the platform and I guess medical conditions addressed, any major areas of expansion, you know, this year and next, that could be, you know, meaningful for the business? We continue to add products to our formulary. Our formulary is low risk, high use, everyday, FDA-only approved medications. It's a very carefully curated formulary. We'll continue to add products as long as they fit into that profile, and that goes through, you know, our clinical team, and it goes through a process of adding for products come online with it being FDA approved. Great. Thanks for that. I'll leave it there. Thanks. In showing no additional questions, we'll conclude today's question and answer session. I'd like to turn the floor back over to Vanessa Slowey for any closing remarks. Thank you. Thank you everyone for participating in today's call and for your continued interest in TelyRx. We look forward to reporting on our continued progress next quarter. This brings to a close today's conference call. We thank you for attending. You may now disconnect your lines.