EcoSynthetix Inc. (ECO) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to the EcoSynthetix 2026 Second Quarter 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. Instructions will be provided for you at that time for questions. If anyone has any difficulty hearing the conference, please press Par 0 for operator assistance at any time. Listeners are reminded that portions of today's discussion may contain forward-looking statements that reflect current views with respect to future events. Any such statements are subject to risk and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. For more information on eco-synthetics, risks, and uncertainties related to these forward-looking statements, referred to the company's annual information form dated February 17, 2026, which is posted on CDAR. This morning's call is being recorded on Wednesday, July 29, 2026, at 8.30 a.m. Eastern Time. I would now like to turn the call over to Mr. Jeff McDonald, Chief Executive Officer of EcoSynthetix. Please go ahead, sir. Thank you. Good morning, and thank you all for joining us. Yesterday afternoon, we reported our 2026 second quarter results. Sales were $4.5 million in the quarter, a decline of 9% compared to the same period last year. Adjusted EBITDA loss was $150,000, a decline of $390,000. As we mentioned in our last call, it is a continuation of the softness we saw in the first quarter with a couple of specific differences. Over the past few months, It's become clear that near-term uncertainty is affecting two strategic relationships, our key accounts in the pulp and wood composite end markets. That uncerta...