Strong Revenue Performance
Second quarter revenue of $36 million exceeded the high end of the guided range by more than $7 million. Revenue for the first half of 2025 was over $86 million, 18% higher than the first half of 2024.
Significant Growth in Canada
Revenue in Canada for the first half of 2025 was $56 million, increasing 27% compared to the same period in 2024.
Adjusted EBITDA Improvement
Adjusted EBITDA of $2.2 million for Q2 2025 exceeded the guided range of negative $2 million to breakeven and represented a year-over-year improvement of $1.3 million.
Strategic Acquisition of ResMetrics
Acquisition of ResMetrics, a provider of tracer diagnostics, with trailing 12-month unaudited revenue of over $10 million and an EBITDA margin of over 30%.
Positive Earnings Growth
Net income for Q2 2025 was $0.9 million, or diluted earnings per share of $0.34, an improvement compared to a net loss of $3.1 million or a loss per share of $1.21 in the prior year.