Revenue: As of FY2025 Q2, the actual value is USD 12.1 M.

EPS: As of FY2025 Q2, the actual value is USD -1.63.

Segment Revenue

• Sales increased 28% to $12.1 million in the second quarter of 2025, compared to $9.4 million in the prior year period.

Operational Metrics

• Gross profit was $1.5 million in the second quarter of 2025, with an adjusted gross margin percentage of approximately 30%, compared to 29% in the prior year period.
• General and administrative expenses decreased by $0.6 million to $8.0 million in the second quarter of 2025, compared to $8.6 million in the prior year period.
• Net loss was $21.6 million in the second quarter of 2025, compared to a net loss of $25.3 million for the prior year period.
• Adjusted EBITDA loss improved to $6.5 million, compared to a loss of $8.3 million in the prior year period.

Cash Flow

• The company ended the quarter with cash and cash equivalents and restricted cash of $13.2 million as of June 30, 2025.

Unique Metrics

• Achieved $7 million in annualized expense reductions in the first half of 2025, with additional $2.5 to $3 million of cost optimization initiatives planned for the second half of 2025.

Outlook / Guidance

• The company expects modest sequential sales growth in the third quarter of 2025, followed by an acceleration in the fourth quarter of 2025, supported by facility transitions and new product introductions.
• Sequential improvements in adjusted EBITDA loss rate are expected in both the third and fourth quarters of 2025, with positive adjusted EBITDA anticipated in early 2026.