VivoPower International PLC (VVPR) Q2 2022 Earnings Call

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WEBVTT 00:00:00.049 -- 00:00:04.833 Ladies and gentlemen, thank you for standing by and welcome to Viva Power International 00:00:04.833 -- 00:00:08.716 PLC FY22 Half Year Results Conference Call. 00:00:08.716 -- 00:00:11.758 At this time, all participants are in a listen-only mode. 00:00:11.758 -- 00:00:15.121 Later, we will conduct a question and answer session and instructions will follow at 00:00:15.121 -- 00:00:19.304 that time. If anyone should require assistance during the conference, please press star 00:00:19.304 -- 00:00:24.408 zero on your touchtone telephone. As a reminder, this conference call is being recorded. 00:00:24.408 -- 00:00:26.850 I would like to turn the conference over to your host, Mr. 00:00:26.850 -- 00:00:29.891 Kevin Shin. Please go ahead. 00:00:30.834 -- 00:00:35.716 Thank you and welcome everyone to the half year results presentation for Vivo Power. 00:00:35.716 -- 00:00:40.538 Let's jump straight to page four, the executive summary. 00:00:40.538 -- 00:00:45.140 So the headline is we've made good strategic progress over the last six months, but our 00:00:45.140 -- 00:00:50.242 results have been affected by extended COVID lockdowns in our key 00:00:50.242 -- 00:00:53.202 markets, particularly Australia. 00:00:53.203 -- 00:00:58.984 So the six month revenue decreased 11% year on year to 18.9 million. 00:01:00.174 -- 00:01:06.296 reflecting the lockdown regime that we had to contend with principally in Australia, 00:01:06.296 -- 00:01:11.857 which extended from July 21 and really just has finished now in 00:01:11.857 -- 00:01:17.479 February 22. And that's caused delays to scheduled works for the business units, 00:01:17.479 -- 00:01:22.440 as well as significantly curtailing kit deliveries as well. 00:01:22.440 -- 00:01:27.702 Our gross p...