Full Year 2019 Adacel Technologies Ltd Earnings Call Transcript
Good morning. Welcome to the Adacel Technologies Limited call. I will now hand you over to Michael McConnell, Chairman of the Board. Thank you, Michael.
Thank you, and good morning. As disclosed in July, the company undertook a comprehensive review of its business beginning on April 1. That review revealed issues within our Systems segment that significantly impacted fiscal year '19 financial results that we reported last night. Importantly, we took quick and decisive actions to address those issues as well as a range of others. These activities and actions form the basis for our fiscal year '20 plan. I want to again emphasize that the Board and management are acutely aware of our responsibility to restore investor confidence, profitability and shareholder value. 45 days into fiscal year '20, we are on track.
I will now turn the call over to Daniel Verret, acting CEO and CFO; and Kevin Pickett, Vice President of Operations. Thank you.
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