Welcome to the TSS Fourth Quarter and Fiscal 2019 Earnings Call. My name is Adrianne, and I will be your operator for today's call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. [Operator Instructions] Please note this conference is being recorded. I will now turn the call over to John Penver. John, you may begin.

Thank you, Adrianne. Good afternoon, everyone and thank you for joining us on TSS' conference call to discuss our fourth quarter and our fiscal 2019 financial results. I'm John Penver, the Chief Financial Officer for TSS and joining me today on this call is Anthony Angelini, President and the Chief Executive Officer of TSS. As we begin the call, I would like to remind everyone to take note of the cautionary language regarding forward-looking statements contained in the press release we issued today. That same language applies to comments and statements made on today's conference call. This call will contain time sensitive information as well as forward-looking statements, which are only accurate as of today, March 24, 2020. TSS expressly disclaims any obligations to update, amend, supplement or otherwise review any information or forward-looking statements made on this conference call or the replay to reflect events or circumstances that may arise after the date indicated, except as otherwise required by applicable law. For a list of the risks and uncertainties, which may affect future performance, please refer to the company's periodic filings with the Securities and Exchange Commission. In addition, we will be referring to non-GAAP financial measures. A reconciliation of the differences between these measures with the most directly comparable financial measures calculated in accordance with GAAP is also included in today's press release. So I will begin this call with a review of our fourth quarter and our fiscal 2019 results and then turn the call over to Anthony for his comments on the business and the changes we see coming. So earlier today, we released a press release announcing our financial results for the fourth quarter and fiscal 2019, and a copy of that release is available on our website at www.tssiusa.com. Now, our fourth quarter results…

All right. Thanks, John. As you can see, we got a lot of moving pieces. So we may have to come back and you guys may have some questions on some of those moving pieces. However, our fourth quarter results reflected the changes we've made, and then making over 2019 to expand our service offerings to help us grow our range of services and to diversify our customer base. Our revenues were up almost 400% from the third quarter driven -- driven from third quarter -- driven from our new reseller business, and this drove significant increases in operating in net income and adjusted EBITDA as we predicted. Our fourth quarter results for all of these metrics exceed the results of the first three quarters of 2019 combined, and validated our decision to diversify the revenue stream. Our core integration and facilities maintenance businesses experienced some delays in deployment projects from our channel partner, and its customers in the second half of 2019. This impacted both of our operating segments as it delayed integration of the product and subsequent deployment activities. The introduction of our reseller activities help drive new business into our Integration business. So from the reseller business, we're experiencing some growth in our integration The reseller business we're experiencing some growth in our integration business. At this point, we're trying to more clearly understand what to expect from our reseller activities and the significant quarterly fluctuations from these activities are likely. We don't believe that there is any significant working capital requirements with this reseller business. In fact, if anything, they're coming down due to recent interest rate declines, because they're -- some of our financing is pegged off of the one month LIBOR. Would you think that it has the potential drive additional service revenue and…

Thank you. We'll now begin the question-and-answer session [Operator Instructions]. And their first question comes from [indiscernible] from Market Search. Your line is open.

Hey, Matt.

Hey, how you doing?

I'm good.

I just, I missed some of the beginning of the call. So maybe if you answered it I'll just go back to the transcript. But I was just curious, I know you hired a new guy for product development, and I'm wondering how that's progressing. And we're getting well up and…

Yes. So I'm sorry. Finish your question. Go ahead.

That's good. How's that going? It has to have the kind of COVID slowed that down at all?

We are just hoping slowed everything down, right? Everybody's at home, all of a sudden. So no, we were making pretty good traction with a number of other OEMs and Matt has been working pretty hard on, trying to get us some more traction and those. But the problem right now is across the country everybody is at home. So it's nobody's making decisions right in the short term. So we feel like as we go through the back half of the year, maybe I don't know how long. I mean, we all probably believe it's maybe June or July, hopefully. But nobody no customers are going to make bigger decisions in the next 30-60 days as far as moving business. However, because we've been determined a -- because we've been determining the essential infrastructure partner, we're going to be open for key partners or key customers right now. And then on top of it, there was a little bit of another force majeure kind of activity that took place in Nashville that is shifting some business towards us. So that -- so if you look at our partner profile and our customers, one of our customers had a severe customer fall apart, basically because of tornado. And so now and it's public information. So we're picking up work because of that. And we're staying open. But as far as third party work, it's going to it's probably going to take us to the back half of the year. That helps.

Okay, great. Yeah. Awesome.

Thank you [Indiscernible]. Good luck.

All right. Thanks.

And we have no further question?

That's it. Well, guys, I mean, we're in strange times. I mean, I think we all know that. And I appreciate everybody joining us. We're actually in pretty good shape because we're open for business. We're deemed an essential partner. And so we have the opportunity to kind of over the next few months do some better than most. Let's call it that way. John, any comments from you?

No, I think that's it. Appreciate everybody's time and effort today and the continued support of the company. And, we plan on reporting our first quarter results middle of May in conjunction with the SEC filing deadline. So, there's no other question, but I think we'd say thank you everybody. Appreciate the time. And we'll talk to you in about six or seven weeks.

Perfect. Okay, thank you, all.

Thank you, ladies and gentlemen. This concludes this conference call. Thank you for participating. They may now disconnect.