Financial Data and Key Metrics Changes - Fiscal year 2025 marked a record-setting year for the company, with fourth-quarter revenue reaching $7 million, the highest in its history, representing an 8.1% increase year-over-year and a 13.5% increase quarter-over-quarter [5][18] - Gross margin for the fourth quarter was 64%, up from 48% in the same quarter last year, and gross margins for the full fiscal year increased from 49% to 55% [5][19] - Adjusted EBITDA loss narrowed to $316,000 in the fourth quarter, a significant improvement from a loss of $1.7 million in the same quarter last year [7][21] - Cash position improved to $10.8 million as of April 30, 2025, compared to $3.5 million at the end of fiscal year 2024 [22] Business Line Data and Key Metrics Changes - The BioStrand segment experienced exceptional growth, increasing over 180% year-over-year, with gross margins approaching 90% [6][19] - Canadian business showed strong growth, with sales orders reaching $4.3 million in the fourth quarter, more than double historical quarters, and year-over-year sales in Canada increased by 47% [7][19] Market Data and Key Metrics Changes - Orders from new clients rose 93% year-over-year and 80% quarter-over-quarter, indicating strong market demand [7] - The company is actively divesting its Dutch subsidiary, which is expected to enhance focus and streamline operations [8][9] Company Strategy and Development Direction - The company plans to rebrand to reinforce its position as a bio-native AI platform, shifting from a service-oriented model to a customizable platform-driven business [9][10] - Strategic collaborations have been established, including partnerships with Ribopro and a multibillion-dollar technology company, aimed at enhancing therapeutic development and antibody drug conjugates [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's financial position and operational efficiencies, anticipating continued growth driven by the BioStrand segment and the Lens AI platform [22][49] - The FDA's plans to phase out animal testing align with the company's capabilities, potentially increasing demand for its AI-driven services [12][33] Other Important Information - The company has made significant advancements in its dengue vaccine program and GLP-1 peptide, showcasing the versatility of its platform [13][14] - The company regained compliance with Nasdaq's minimum bid price requirement, reflecting growing market confidence [14] Q&A Session Summary Question: What should be expected for the clinical development of GLP-1 peptides? - The company is working with two partners on drug product manufacturing and unique administration routes, with plans to bring in a financial sponsor for clinical development [24][25] Question: What milestones are needed to recognize initial payments from the biotech partner? - Initial payments are expected to be visible in the second quarter, with multiple programs launching simultaneously [26][28] Question: What traffic has been seen since the FDA's guidance on AI-based systems? - There has been a significant increase in inquiries related to IND applications, with expectations for continued growth in the use of the Lens AI platform [30][37] Question: How far along is the divestment of the European facilities? - The divestment process is in the final stages, with a dedicated buyer and completion expected soon [38][40] Question: Is the Canadian facility able to handle the increased workload? - The Canadian facility is experiencing rapid growth and is equipped to manage the current workload, with ongoing expansions [41][44]