Operator

Good day, everyone. Welcome to the Eco Wave Power First Quarter 2026 Earnings Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Aharon Yehuda, the CFO of Eco Wave Power. The floor is yours.

Aharon Yehuda

Chief Financial Officer

Thank you. Good morning, everyone, and thank you for joining Eco Wave Power's First Quarter 2026 Earnings Call.

Turning to our financial results. During the first quarter of 2026, we continued advancing our global project portfolio, while maintaining disciplined cost management across the organization. Operating expenses for the quarter were approximately USD 682,000, representing an 11% decrease compared to the first quarter of 2025.…