0001743725-26-000014
SEC filingRevenue grew 3.7% to $104.1M, but profitability declined due to higher costs and acquisition-related expenses, resulting in a net loss of $1.5M.
Operating loss widened to $3.7 million from $2.0 million in the prior year, primarily due to higher selling, general, and administrative expenses, including professional fees associated with potential acquisitions. Net income swung to a loss of $1.5 million from a profit of $2.9 million, impacted by lower other income and a higher income tax provision. Diluted earnings per share was $(0.02) compared to $0.03 in the prior year.
The company expects to continue focusing on maintaining long-term customer relationships while diversifying its customer base. Management remains committed to investing in delivery capabilities and pursuing strategic acquisitions to drive future growth. However, operating results in any period are not necessarily indicative of future performance.