Strong DSA Revenue Growth
DSA quarterly revenue increased 15.7% year-over-year, with awards increasing approximately 61%. The backlog conversion rate was 37.4%, the highest in three years.
RMS Site Consolidation and Cost Savings
Phase 2 of RMS site consolidation is on track, with annual savings of $6 million to $7 million expected. Thirteen RMS facilities have been closed over the last 3 years.
Improved Financial Position
Generated $14.3 million of cash from operations in Q4, increasing the cash balance to $21.7 million. Adjusted EBITDA for fiscal year 2025 was $34 million, nearly doubling from $18.2 million in 2024.
Advancements in RMS Operations
Achieved a 55% reduction in RMS client complaints over the last 2 years and transferred commercial operations to a new CRM system for improved efficiencies.