Significant Revenue Growth
Second quarter revenue increased by 76% over the second quarter of 2024, driven by organic growth from KBS business and acquisitions of Alliance Drilling Tools and Timber Technologies.
Improved Gross Margin
Gross margin improved to 26% versus 16% in the same quarter last year, attributed to higher revenues and inclusion of higher-margin businesses.
Building Solutions Division Performance
Revenue increased by 51% to $20.4 million compared to $13.5 million last year, with a strong backlog of $25.7 million compared to $14 million last year.
Positive Net Income
Reported a positive net income from operations of $3.5 million in Q2 2025, compared to a net loss from operations of $3.8 million in Q2 2024.
Milestone in Investments Division
A $5.5 million realized gain from the investment in Servotronics, acquired by TransDigm, marking a significant milestone for Star Equity Fund.
Definitive Merger Agreement with Hudson Global
Entered into a merger agreement with Hudson Global, expected to generate considerable value through increased scale and revenue diversification.