Patent Defense Success and Potential Judgment
The company secured a $57 million unanimous jury award and is seeking a final judgment of $160 million, which is pending. This highlights successful patent defense and significant potential financial gain.
Launch of Water Business and New Design Centers
The company expanded into water purification with new patent-pending technologies, opening two design centers in North Dakota and Pennsylvania, aimed at addressing PFAS contamination.
Reduction in Net Loss
Net loss improved to $1.5 million in Q2 2025 from $6.2 million in the same quarter last year, indicating better financial management.
Decrease in Operating Expenses
SG&A expenses significantly decreased from $4.6 million to $1.7 million, showing improved cost management.