Successful Capital Infusion and Renegotiation
Secured a $40 million capital infusion, enabling renegotiation with senior secured lenders, waiving prior covenant breaches and improving financial flexibility.
Cost Reduction Achievements
Reduced annual labor costs by approximately $33 million through workforce reductions since July 31, 2024.
Positive Cash Flow from Operations
Generated GAAP cash flow from operations of a positive $2.3 million, marking the first positive cash flow in the past 8 quarters.
T&W Segment Performance
Terrestrial and Wireless Networks segment experienced higher net sales and improved metrics, including operating income, net income, and adjusted EBITDA.
New Product Launch
Development of next-generation 911 call handling solution is nearly complete, and launch is anticipated at the National Emergency Number Association Conference.