Clear Blue Technologies International Inc. (CBLU) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Okay, good morning everyone and welcome. Thank you very much for your time today to join Clearblue's Q3 earnings call. We're going to be focusing today on a corporate update based upon some announcements that have been made over the last little while, some events. We thank you so much for your time. My name is Miriam Turk. I'm co-founder and CEO of Clearblue. And I'm joined today by Farouk Anwar, our CFO. And so with that, we're going to jump right in. I do want to say I am expecting that there will be many questions. Part of the benefit of being a public company is that we do get asked a lot of questions from our shareholders and get feedback. So I would encourage you to please post any questions you have in the Q&A and Farouk and I will tackle all of them this morning. Okay, so in terms of the agenda for today, we're going to give a corporate update on what's going on from a financing perspective and the ongoing operations of the company. We're then going to spend a little bit of time on going through the Q3 2024 results and also then talk about the outlook for the company. So... Three or four weeks ago, we made an announcement that two of our board members had left the company, had left the board of the company, and that at the same time, we had experienced a delay in the STDC contract. As you know, There have been quite a lot of global and economic challenges over the last four years. I think I can fairly say that it's unprecedented in our lifetime. And as a technology company, we need to invest in R&D in our product. Now, to do that, we have gotten signed contracts in good standing for R&D grants, the largest of which is the STDC contract. And because of the issues with that fund at a national level, nothing to do with our individual contract, which is in good s...