Hello, and welcome to the IDT Corporation's Fourth Quarter and Full Fiscal Year 2016 Earnings Conference Call. [Operator Instructions] . In today's presentation, Shmuel Jonas, CEO of IDT Corporation, will discuss IDT's financial and operational results for the 3- and 12-month period ending July 31, 2016. Any forward-looking statements made during this conference call, either in the prepared remarks or in the Q&A session, whether general or specific in nature, are subject to risks and uncertainties that may cause actual results to differ materially from those which the company anticipates. These risks and uncertainties include, but are not limited to, specific risks and uncertainties discussed in the reports that IDT files periodically with the SEC. IDT assumes no obligation either to update any forward-looking statements that they have made or may make or to update the factors that may cause actual results to differ materially from those that they forecast. In the presentation -- in their presentation or in the Q&A that will follow, IDT's management may make reference to the non-GAAP measures, adjusted EBITDA, non-GAAP net income and non-GAAP diluted EPS. A schedule provided in the earnings release reconciles adjusted EBITDA, non-GAAP net income and non-GAAP diluted EPS to the nearest corresponding GAAP measures. Please note that IDT earnings release is available on the Investor Relations page of the IDT Corporation website, www.idt.net. The earnings release has also been filed on a Form 8-K with the SEC. I would now like to turn the conference over to Mr. Jonas.

Thank you, operator. Welcome to IDT's Fourth Quarter and Full Year Fiscal 2016 Earnings Conference Call. My remarks today will focus on key operational and financial results for the 3- and 12-month period ended July 31, 2016. Unless I indicate otherwise, the results are for the fourth quarter of fiscal 2016 and are compared to the year-ago quarter. For a comprehensive and detailed discussion of our results, please read our earnings release issued earlier today and our Form 10-K, which we expect to file with the SEC on or about October 14. Following my remarks, Marcelo Fischer, IDT's Senior Vice President of Finance and IDT Telecom's Chief Financial Officer, will join me; and we will be glad to take your questions. Operational highlights of the quarter include the completion of the spinoff of Zedge in early June and the rollout of our new BOSS Revolution retailer portal. This new portal will allow retailers to sell many of our disparate retail offerings from one place, including PIN-less IMTU money transfer, loading money, gift cards, domestic and overseas bill payments and GPR cards as well as other products on our road map. After the quarter closed, we beta-launched to rave reviews 2 new products: PicuP, a telephony solution for very small businesses; and about 2 weeks ago, the next generation of the BOSS Revolution calling app with free peer-to-peer calling and messaging. Our financial results for the quarter were consistent with recent trends. Revenue declined $37.7 million compared to the year-ago quarter but increased sequentially by $12.9 million, helped by the 2 additional days in the fourth quarter compared to the third. Consolidated SG&A expense for the fourth quarter was $5.1 million below the year-ago level, and full year SG&A expense was $17.6 million below fiscal 2015's level as a result of…

[Operator Instructions] This concludes our question-and-answer session and conference call. Thank you for attending today's presentation. You may now disconnect.