Thank you for joining OptimizeRx's second quarter fiscal 2026 earnings conference call. With us today is Chief Executive Officer Stephen Silvestro. He is joined by Chief Financial Strategy Officer Edward Stelmakh, Chief Legal and Administrative Officer Marion Odence-Ford, and Chief Business Officer Andy De Silva. At the conclusion of today's call, I will provide some important cautions regarding the forward-looking statements Thank you for joining us today. With that, I'll turn the call over to OptimizeRx's Chief Executive Officer, Stephen Silvestro. Mr. Silvestro?

Thank you, Operator, and good afternoon, everyone. Thank you for joining us for our second quarter 2026 earnings call. We're pleased to report second quarter revenue of $20.5 million and adjusted EBITDA of $4.9 million, both of which exceeded consensus expectations. Our results reflect continued margin expansion, disciplined operational execution, and the resilience of our operating model despite a healthcare marketing environment that remains dynamic. While revenue declined year over year and contracted revenue remains below prior year levels, these declines remain limited to a small number of large customers, including the one customer we discussed last quarter that again did not generate revenue this quarter, as well as customers that have made heavier use of lower margin managed service offerings in prior year periods, services from which We have been transitioning away since the acquisition of Medix in 2023. Outside the business with these limited customers and across the remainder of the business, we are encouraged by improving engagement and growth. At the same time, our continued investment in platform capabilities, including recent product launches and expanded programmatic initiatives, is strengthening customer engagement and our competitive position as we move into the 2027 planning cycle. Although the timing and mix of second half revenue remains subject to some variability, our first half performance, encouraging commercial momentum, and current outlook support our decision to reiterate full year 2026 revenue guidance of $95 million to $100 million and adjusted EBITDA guidance of $21 million to $25 million. Ed will provide additional details during his prepared remarks. Over the past several quarters, we've remained focused on executing against the initiatives within our control, improving profitability, strengthening our balance sheet, expanding our technology platform, and creating new avenues for long-term growth. I believe our second quarter results demonstrate the progress we've made across each of these priorities. While portions of the pharmaceutical marketing landscape continue to experience some budget timing variability and cautious spending behavior, We're encouraged by the continued stabilization we're seeing across many of our largest customers. More importantly, the long-term secular trends driving our business remain firmly intact. Life science organizations continue shifting toward more measurable data-driven engagement that delivers value at the point of clinical decision making. Healthcare marketers increasingly expect AI-enabled planning, authenticated healthcare audiences, measurable outcomes, and seamless programmatic execution. These are precisely the areas in which OptimizeRx has invested for years and where we believe we maintain a meaningful competitive advantage. Our existing customers continue expanding their use of our platform across additional brands, therapeutic areas, and commercial use cases. During the quarter, we saw continued adoption of our AI-enabled Dynamic Audience Activation Platform, or DAP, which increased over 30% year-over-year. while also expanding our point of prescribed capabilities across both pharmaceutical and medtech customers. These solutions are powered by OptimizeRx's proprietary foundational data asset, which continues to grow as more engagement transpires across our ecosystem. We're also continuing to make progress, expanding our footprint among mid-sized and emerging life science companies, which we believe represent one of the largest untapped opportunities within our commercial business. As these organizations increasingly seek enterprise-grade technology solutions without enterprise scale or infrastructure investments, we believe our platform is uniquely positioned to meet the demand by bridging the technology gap for them and leveling the playing field for them to be able to compete with top-tier companies. Just as important, we continue making progress transitioning more of our business toward recurring subscription revenue. particularly within our AI-enabled software offerings which grew 25% year-over-year. Over time, we believe this transition will further improve revenue visibility while strengthening the durability and predictability of our financial model. Taken together, these trends reinforce our confidence that the underlying fundamentals of our business remain very strong. Meanwhile, during the second quarter, we announced three significant product innovations that further strengthen our competitive position while expanding our long-term opportunities at OptimizeRx. First, we announced that DeepIntent become the first healthcare demand-side platform to integrate directly with our authenticated EHR network. This represents an important milestone in our strategy of making point-of-care media easier to access through the programmatic platforms healthcare marketers already rely on. As media buying continues shifting toward programmatic workflows, We're positioning OptimizeRx as the trusted infrastructure connecting premium point-of-care inventory with the industry's leading buying platforms. The implementation is now live. Second, we introduced our patent-pending Natural Language Audience Builder, or NLAB. This AI-powered capability enables pharmaceutical marketers and agencies to build highly customized healthcare provider audiences using simple natural language prompts directly within DSPs and media planning platforms. By combining our proprietary healthcare intelligence with intuitive AI-driven workflows, we're making it significantly easier for marketers to build targeted audiences while further embedding OptimizeRx technology into the planning tools of our customers that they're already using today. Finally, we launched CopayQ, our next-generation copay activation solution powered by real-time prescribing intent. Medication affordability remains one of the largest barriers to patient adherence, and CoPayQ delivers savings information directly within the prescribing workflow at the exact moment physicians are making treatment decisions. By combining real-time intent signals with our industry-leading point-of-care and point-of-prescribe capabilities, we're helping life science organizations improve patient access while delivering stronger commercial outcomes for their brands. Individually, each of these launches represents an important advancement for our platform. Collectively, they demonstrate something even more significant, that we have entered a new phase of innovation as a company. We are evolving beyond being solely a point-of-care marketing company into being the operating system for pharmaceutical marketers. Our technology infrastructure is connecting pharmaceutical marketers, media agencies, demand-side platforms, healthcare providers, and patients at scale through authenticated clinical workflows. As AI becomes increasingly integrated into commercial planning and as healthcare advertising continues migrating toward privacy-safe programmatic execution, we believe our combination of proprietary healthcare data, authenticated clinical inventory, and workflow integration creates a highly differentiated platform with significant long-term growth potential. This strategic evolution not only expands our addressable market, but also creates additional recurring revenue opportunities that we believe will become increasingly meaningful over time. Before turning the call over to Ed, I'd like to share an important leadership announcement regarding our finance organization. Over nearly five years as Chief Financial Officer, including previously as our Chief Operations Officer, and most recently as our Chief Strategy Officer, Ed Stelmakh and the Board of Directors have mutually agreed on a planned leadership transition effective December 31, 2026, that reflects both the depth of talent within our organization and our commitment to prudent financial stewardship. Over the past five years, Ed has played an instrumental role in transforming our financial foundation and positioning OptimizeRx for long-term success. Under his leadership, we significantly expanded our gross margins and operating margins, strengthened our operating discipline, successfully refinanced our debt to materially improve our cost of capital, completed the acquisition and integration of Medix, executed the divestiture of non-core assets to sharpen our strategic focus, and built a deep, highly capable finance and strategy organization that positions the company well for the future. Just as importantly, Ed has helped establish the financial discipline and operational rigor that support our long-term strategy and our commitment to sustainable shareholder value creation. As part of our long-term succession planning process, we're pleased to announce that Andy DeSilva will succeed Ed as our Chief Financial Officer, effective January 1st of 2027. Andy has most recently served as our Chief Business Officer and has worked closely with Ed and the Board of Directors and our Executive Leadership Team on our financial strategy, capital allocation, investor relations, corporate development, and long-range planning. He's been deeply involved in many of the strategic initiatives that have helped transform the business over the past several years, making him well-prepared to lead our finance organization as CFO. We're also pleased to announce that Heather Favazza will be promoted to Chief Accounting Officer effective January 1st of 2027. Heather has been an outstanding leader with our financial organization and played an instrumental role as our corporate controller for the last eight years, strengthening our accounting operations, financial reporting, internal controls, and overall finance infrastructure. Her promotion reflects both the strength of our accounting organization and the deep bench of leadership that we've built over the past several years. To ensure a seamless transition, Ed will remain our Chief Financial and Strategy Officer through the end of 2026. Ed has also agreed to remain in the role of Strategic Advisor in 2027 to ensure ample time for thoughtful and seamless transfer of responsibilities, while allowing Andy and Heather to continue working closely with him as they assume their expanded leadership roles. Transitions like these are strongest and that's exactly what this represents. We have tremendous confidence in Andy and Heather and we're equally grateful that Ed will continue supporting the company throughout the transition. On behalf of our board of directors and everyone at OptimizeRx, I want to thank Ed for his outstanding leadership and the many contributions he's made during his tenure. With that, I'll turn the call over to Ed.

Thanks, Steve, and thank you for the fine words. While this is certainly a bittersweet moment, it is also one I approach with clarity, confidence, and optimism for the company's future. I look forward to continuing to drive our strategic priorities through the back half of 2026 and contributing to the company's mission in an advisory role in 2027. I want to extend my appreciation to the board, our leadership team, all of our employees, and shareholders of this company. for giving me this amazing opportunity for the last five years. It has been a true privilege to serve as your Chief Financial and Strategy Officer, and I'm excited to see what the future brings. Now let's turn to our financial results for Q2 2026. As always, we issued our earnings release this afternoon detailing our financial results for the second quarter and the June 30th, 2026. A copy of the release is available in the Investor Relations section of our website and additional information will be included in our upcoming Form 10Q. Second quarter revenue was $20.5 million, a decrease of 20% from the $29.2 million we recognized during the same period in 2025. The revenue reduction was largely contained through a limited number of large customers that utilized the lower margin managed services in 2025. An offering from which we have been transitioning away since acquiring Netix in 2023, and one of our large customers in 2025 that has not generated revenue this quarter, as well as a decrease in demand due to macroeconomic factors, including MFN pricing dynamics. Our expenses for the quarter ended June 30, 2026, decreased $5.4 million year-over-year to $20.6 million primarily driven by lower cost of revenue, despite being impacted by $1.7 million in severance expense associated with our previously announced reduction in force. The decrease in cost of revenue was primarily attributed to a favorable product mix, resulting from not having any JTC managed service revenue this quarter, and a favorable channel partner mix. We believe various margin optimization strategies we implemented over the last 18 months continue to yield meaningful benefits. As a result, we now expect those margins to normalize into the highest 60% to low 70% range for full year 2026. Meanwhile, we had a net loss of $0.7 million, or $0.04, per basic and the lowest year for the three months ended June 30, 2026, as compared to a net income of $1.5 million, for $0.08 per basis and diluted share for the same three-month period in 2025. On a non-GAAP basis, our net income for the second quarter of 2026 was $3.1 million, or $0.16 per diluted share, as compared to a non-GAAP net income of $3.7 million, or $0.19 per diluted share in the same yearbook period. Our adjusted EBITDA was $4.10 million for the second quarter of 2026, compared to $5.8 million during the second quarter of 2025. Operating cash flow was $8.1 million for the first half of 2026, and we ended the quarter with a $24.1 million cash balance, as compared to $23.4 million on December 31, 2025. As we highlighted in May, our term loan with Blue Toast Capital was refinanced with Fifth Third Bank, for which we fully drew down the $25 million term loan and have access to a $10 million revolver. Our current interest rate on the term loan with Fifth Third Bank is SOFR plus 2.25%. With that said, we paid $5.3 million in principal during the quarter, which was $5 million ahead of our payment schedule, leaving our outstanding debt at the end of June at $19.7 million. Furthermore, subsequent to the quarter end, we paid off an additional $3 million in debt. At this time, we intend to deploy at least a portion of our free cash flow to pay down the principal on our loan faster as we look to continuously lower our cost of capital. With that said, we continue to believe that our healthy balance sheet will help us execute against our operational goals. Now, let's turn to our KPIs for the second quarter of 2026. Average revenue for top 20 pharmaceutical manufacturers now stands at $2.7 million. Net revenue retention rate dipped below prior period levels to 90%. The dip was driven primarily by a small number of large accounts optimizing spend rather than a broad-based churn. Additionally, revenue per FTE came in at $750,000. While our KPIs showed decline compared to previous quarters, we have made meaningful progress on margin expansion and operating expense management, consistent with our strategy of driving profitable growth in our space. Based on our first half performance and the visibility we have into the remainder of the year, we are reaffirming our previously issued full year 2026 guidance. We continue to expect revenue in the range of $95 to $100 million and adjusted EBITDA between $21 and $25 million. While portions of the healthcare marketing environment remain dynamic, our execution year-to-date, continued product innovation, Expanding book of business with select clients and disciplined expense management give us confidence in our outlook for the balance of the year. As we noted previously, we continue to expect revenue to be weighted towards the second half of the year, consistent with the seasonal processing patterns of many of our customers with Q4 coming in significantly higher than Q3 and likely representing 35% to 40% of our full-year revenues. With that, I'll turn the call back over to Steve. Steve?

Thanks, Ed. Operator, let's now move to Q&A.

Thank you. We will now be conducting a question and answer session. If you would like to ask a question, please press star and then 1 on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star and then 2 if you would like to remove your question from the queue. For participants using speaker equipment, it may be necessary for you to pick up your handset before pressing the start key. One moment please while we call for questions. First question comes from Ryan Daniels from William Blair. Please proceed with your questions, Ryan.

Hey, everyone. This is Dustin on the call for Ryan. Thanks for taking our question. Maybe just first wondering if there's an update on the larger client you've spoken about previously. I know you probably can't get into too many specifics, but wondering at a high level, what's the update there and what are the expectations that are baked into the back half in relation to that client? Thank you.

Hey, Dustin. Thanks for the question. We right now don't have any expectations baked into the back half for that large client coming back, but we are starting to see some progress around it that will definitely positively impact the back half. How much, we're not really prepared to say at this point, but discussions are open and we're actively engaging there. We also just announced, you may have seen the announcement of our Chief Marketing Officer, that chief marketing officer is coming from that client as well. So I think he's prepared to kind of help us bridge the gap there and get some things right while we had the missteps that we talked about last quarter on the commercial front.

Okay, great. Understood. Thank you for that. So we've talked about the strategic importance of DSP. Just wondering if you can talk more about the progress with Deep Intent and if you're making any inroads with other DSPs that are out there. I think you've said that also that DSP could double your business over the next two years. Just what does the growth curve look like for the DSP opportunity there over the next 24 months?

Thank you. You got it. So we've got great news. We've gone live with Deep Intent as of this last week. And so that's pretty exciting for us as a business. We're now starting to see big flow happen over the platform. I don't really think we're ready to say what the uptick looks like in terms of the next couple of weeks and months. But we do think it will be very, very meaningful. And I would also say right now in terms of just The broader programmatic environment, 60% of the buys out in this specific space are occurring now through these programmatic channels. And so our comment around the ability to scale the business through that ecosystem is directly tied to the number of buys that we know are happening through these DSPs. And it's not a place, those aren't funds that we've had access to in the past. So we are expanding our year-term accessible market, and that's kind of a little bit more color around the commentary. So more to come around that. We do have other DSPs that we're speaking with, but nothing that we're ready to announce on this call. But stay tuned.

Okay, got it. Thanks for that. And then just lastly for us, there's been some discussion with the FDA and HHS about the Eliminating the Adequate Provision Framework for Farmer Advertising. You know that would require more disclosure with the DTC ads. How are you thinking about that potential impact on the farmer marketing budgets and channel allocation? Could that lead to some shifts in TV and potentially create some incremental demand for your digital and point-of-care engagements? Thanks. Yeah, no problem, Dustin.

Yeah, we see those moves as favorable for our business, per your last comment there. Anything that would, you know, sort of limit the ability to execute across other DTC channels where we may not be engaged at scale will automatically push funds into some of the HCP-focused marketing channels where we are connected and that are sort of our brand new runners. So we have been waiting on that with bated breath. We're not forecasting it because it's impossible for us to predict what the FDA and HSS are or are not going to do. But we're well-positioned that if they do make that decision, we will benefit. It won't just be us. Everybody in our space who's focused on UCP will disproportionately benefit also. Great question.

All right. Thank you very much.

You got it. Thank you.

Thank you. The next question comes from Richard Boudry from Roth Capital Partners. Please proceed with your questions, Richard.

Thanks. If we look at your adjusted EBITDA guidance, the implication is the second half would be somewhere between $13 to $17 million. Can you talk about, under that backdrop, what your capital allocation strategy might be? and many more. Thank you.

and then secondly, if the price of the stock continues to drop, we have a 10b-5-1 place to trigger buying with a $10 million approved stock buyback.

Okay. Then in terms of the second half rebound to revenues that's implied in guidance, how much of that Is visible contracted or how much of that is really just, you know, assuming seasonal patterns to seen in the past sort of repeat themselves?

Yeah, I mean, I think, Rich, first of all, it's good to hear your voice. We right now are seeing, as we shared, you know, sort of in the previous calls, still trending more towards, you know, 24 contracted revenue seasonality versus 25, just in our progress. and that's why we're reiterating the guide that we've got out there right now versus increasing the guide. We do think the seasonality that we've experienced in previous years is pretty much what we should anticipate for the back half of this year. We're starting to already see that but sort of the visibility that we've given is what we've put out there. That's what we've got visibility to and anything that's incremental above and beyond that obviously on the next earnings call if we have more visibility with contracted revenue we'll be happy to provide an update around that but No changes right now to that. We've got to sort of iron out the one major client disruption that we've got and sort of take a look at what Q3, Q4 is going to put out before we do any updates. I would say good, solid progress as we approach the back half now.

Maybe looking at, you know, top of the funnel, you talked a little bit about non-top 20 and many more. Thank you.

and mid-tier account enter sort of our top 10 list just this last couple of months and so we're really excited to see that. We'll have more to announce around that in the future but that mid-tier long tail strategy is really proving out and we're really excited with the progress we're seeing there. Got a gap to fill on one of those top accounts where the disruption was and that's going to take a little bit of time but With the comeback of that, plus the mid-tier, we think we're entering the back half of this year and then setting ourselves up for 2027 really, really nicely.

Last for me then, back to the top 20, excluding the one challenging customer. You talk about just activity levels within there, whether it's discussions, pipeline again, new opportunities. How is that activity level changing? and non-quantifiable versus what it had been sort of at the depth of MFN.

The activity level has definitely increased. I would say the strategic discussions are starting to flow a lot more than they were previously. Beginning of the year, particularly I would say late Q4 coming into Q1 and to a degree a little bit of Q2, and we talked about this already, there was a lot of consternation around MFN. We talked about it. Everybody in our space talked about it. just because people weren't sure what to expect. I think for the most part manufacturers are in a place where they sort of know what the new normal looks like and they're prepared for that and so we're starting to see engagement happen across the board. Mid-tier, long tail, engaging faster because they've not really been the targets of the administration and they've been able to kind of skate by and just business as usual and accelerate and viewed it almost as a time to Skip ahead and compete more effectively with the top 20. So that's been good for them. But we're starting to see specifically people within our top 10, 20 really re-engage in meaningful ways. I'm not ready to say yet that Q4 is going to be lightning in a bottle buy-ups like we talk about from time to time that happens. But we're getting some really positive buying signals going into the back half of the year that look very good.

Thanks for your answers.

You got it. Great to talk to you, Rich. Look forward to catching up soon.

Thank you. Next question comes from Eric Martinuzzi from Lake Street. Please proceed with your questions, Eric.

Yeah, your comments on most favored nation, it sounds like we've worked through the disruption. The other issues that you talked about at least last quarter were Macro issues weighing on budgets, and that was everything from inflation to oil, geopolitical uncertainty. Is that still an overhang on spending by top 20?

Hey, Eric. Thank you for the question. It's still a little bit of an overhang. I think there's still some consternation around macros, and pharma has been one of the largest targets of the administration, not just for MFN, but a whole myriad of reasons. So they've been a little bit conservative with budgets. But again, per my response to Rich, we're starting to see a lot of that normalized now in the back half. And they're starting to spend more, you know, just sort of across the board to drive patient capture for the back half of the year. And I think we will benefit from that. I do think we are, we didn't talk about LOE at all, but we're looking at a couple different strategic things going on in the marketplace right now. Potential acquisitions and mergers happening, a few LOE events. So they'll navigate those things. But by and large, I think the macro stuff that we discussed last quarter is starting to normalize in their approach to spend. Starting.

Okay. And then, Ed, certainly enjoyed working with you. I know we've got you for another five months. And Andy, congratulations on the pending promotion here. I wanted to ask about the operating expense. I know you guys went through a bit of some cost moves in the second quarter. Is that all behind us? In other words, is this kind of a normalized operating expense that we should use for the third quarter?

Yeah, I think the current run rate from a cash op-ex should stay kind of around this rate. The only variable there might be things like, you know, bonus accruals depending on what we recommend versus budget, but generally speaking, I think we'll be in that range.

Got it. Thank you.

Thank you. Thank you. The next question comes from Constantine Davis from Citizens. Please proceed with your questions, Constantine.

Thanks. Just a question on the margin profile of the business. Looks like you've lifted that Outlook. So I guess a couple questions on that. First, is that a sustainable level of profitability or is it more of a 2026 profile that you're talking about? Number one. Number two, what drove the upside in the second quarter? I think you said channel mix, but I just wanted to drill into that a little bit more. And then third point on this, just your latest thinking around how profitability changes as you layer in more As you tap into the DSP market over time, and I guess more specifically the economics of those arrangements compared to traditional engagements.

Sure. Happy to chime in. It's good to hear from you, Constantine. Appreciate the question. I think we're setting the new level of profitability for the business and making sure that we're communicating that clearly. It's not episodic. That really will be the new normal. You'll see we may outperform that a little bit from time to time, but that should be sort of the baseline expectation of the business going forward. And going into the macro DSP ecosystem, we don't expect that the level of profitability will drop. It will sustain that same level that we're kind of diving to and talking about now. Most of that is being driven by favorable channel mix. As I've shared on previous calls and Ed and Andy have done the same, we've been able to Bring on additional channel partners that have helped us manage our gross margin and that's been really, I think, transformational for the business. Even with the disruption in top-line revenue, we've been able to continue to generate good, solid EBITDA and cash flow and pay down the debt, all the things that we've been talking about on these calls. We're feeling pretty bullish around profitability in general and our ability to continue to generate cash and pay down the debt and do the things that we'd like to do, so. I think we get the top line back in line, Constantine, as we talked about. We all fervently believe we will. The profitability of the business will continue to follow suit. We're excited about that. Eddie, anything else you'd add to that?

I'll add one quick thing to that. Constantine, when we think about our business, we're really managing the business to a high 60% gross margin. you know we're going to have you know favorable quarters like you saw last two quarters but that's how we think about it internally and that's how we're going to manage the business so you know when you're looking at your models just keep that kind of stuff in mind.

Got it and I guess and not to sort of belabor the point but in the past you've talked about becoming a sustainable rule of 40 company and Steve and I guess Andy had all you guys I'm just wondering what your latest view is in terms of You know, is that still an objective? Do you think you, you know, as you look out, maybe you'll prioritize growth a little bit more than you had in your prior thinking?

Just any kind of comments that would be helpful. Thanks. Yeah, I mean, look, go ahead, Ed. Go ahead.

Okay, thank you. Yeah, I would say absolutely, mainly because, I mean, this year is definitely a bit of an anomaly. For us, so the profitability threshold has been set. You can see that this business can be highly profitable in a short year. So once growth returns, which we are confident it will certainly do in 2027, it's not going to take much to get back to 0.40. So my view is absolutely we're going to be right back at it in 2027.

Constantine, does that conclude your questions?

I'm all set. Thank you.

Okay. You got it.

Thanks, Constantine.

Thank you. That does conclude our Q&A session. Mr. Silvestro, I'd like to hand over to you, sir.

Thank you, Operator. As we close today's call, I'd like to leave you with three thoughts. First, we continue to execute our strategy while delivering disciplined financial performance. Our second quarter results demonstrate the strength of our operating model and our team's ability to balance profitability even in years where headwinds are present with continued investment and innovation. Second, we believe OptimizeRx is uniquely positioned at the intersection of several powerful long-term trends that are reshaping the life sciences commercialization environment. Healthcare marketers are increasingly demanding AI-enabled planning, authenticated healthcare audiences, measurable outcomes and programmatic activation across clinical workflows. We've spent years building the infrastructure to support exactly this moment of change in the industry. We are best positioned to be the operating system for pharma marketers because of the data-driven technology that we've built. The announcements we made this quarter from our Deep Incent partnerships to the launch of MLAB, our natural language audience builder, and CoPayQ are all examples of how we're prioritizing a culture of innovation and expanding our platform to create additional opportunities for sustainable recurring growth. Importantly, these innovations don't represent isolated product launches. Together, they further strengthen the network effects within our platform while increasing the value we deliver to pharmaceutical manufacturers, agency partners, healthcare providers, and ultimately to patients. Third, we remain committed to discipline execution and long-term shareholder value creation. Our priorities remain clear. Continue expanding our AI-enabled platform capabilities, increase utilization of our proprietary HCP and DTC networks, accelerate adoption of our recurring software solutions, expand programmatic access through additional strategic partnerships, deliver profitable, sustainable growth while maintaining disciplined capital allocation. We believe the investments we've made over the past several years have positioned OptimizeRx to capitalize on the continued digital transformation occurring across healthcare. While the market environment may continue to experience periods of variability, Our long-term opportunity has never been more compelling. It's an exciting time to be a part of the OPRx story. Before we conclude, I'd like to again recognize Ed for his tremendous leadership and contributions to OptimizeRx in the past five years. He's been an outstanding partner, trusted advisor, and leader helping transform our financial foundation while positioning the company for its next phase of growth. On behalf of our board, our employees, our shareholders, Ed, thank you very much for everything that you've done for OptimizeRx. Finally, I'd like to thank our employees for their continued dedication and execution, our customers for their partnership and trust, and our shareholders for their ongoing support. We appreciate you joining us today and look forward to updating you on the continued progress of the quarter. Operator, back to you.

Thank you, Mr. Silvestro. Before we conclude today's calls, I would like to provide the company's safe harbor statement that includes important quotients regarding forward-looking statements made during today's call. Statements made by management during today's call may contain forward-looking statements within the definition of Section 27A and the Securities Act of 1933 as amended and Section 21E of the Securities Act of 1934 as amended. These forward-looking statements should not be used to make investment decisions. The words anticipate, estimate, expect, possible, and seeking in similar expressions identify forward-looking statements. They may speak only to the date that such statements are made. Forward-looking statements in this call include statements regarding orderly transition of finance leader responsibilities, the company's financial and growth strategies, including continued margin expansion, disciplined operation execution and resilience of its operating model, company's revenue decline being limited to a small number of large customers, company's product innovation strengthening company engagement, competitive position and expansion of long-term opportunities, company improving its profitability, Strengthening its balance sheet, expanding its technology platforms and creating new avenues for long-term growth Company maintaining municipal competitive advantages Company's expansion into mid-size and emerging life sciences companies representing one of the largest untouched opportunities Company platform being uniquely positioned to meet the demands of customers Company's ability to create a highly differentiated platform with significant long-term growth potential. Company's strategy of driving profitable growth. Company being well positioned to capitalize on significant opportunities and company's ability to create long-term value for its shareholders. Forward-looking statements also include the management's expectations for the rest of the year. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by or underlying these forward-looking statements. The risks and uncertainties to which forward-looking statements are subject to include, but are not limited to, the effects of government regulation, competition, dependence on a concentrated group of customers, cybersecurity incidents that could disrupt operations, the ability to keep pace with growing and evolving technology, the ability to maintain contracts with electronic prescription platforms and electronic health records networks, and other material networks. Other material risks, apologies. Risks and uncertainties which forward-looking statements are subject could affect business and financial results are included in the company's annual report on form 10-K for the year end of December 31st, 2025 and in other filings the company has made and may make with SEC in the future. These filings, when made, are available on the company's website and on the SBC's website at sbc.gov. Before we end today's conference, I would like to remind everyone that an audio recording of this conference call will be available for replay starting later this evening, running through for a year on the investor relations section on the company's website. Thank you very much for joining us today. This concludes today's conference call and you may now dismiss your nodding.