Revenue Growth
For the second quarter of fiscal 2025, total revenue was $124.3 million, a year-over-year increase of $5.3 million or 4.4%. This was mainly due to an increase in RMS segment revenue of $6.6 million.
RMS Segment Performance
RMS segment revenue increased by 9.1% compared to Q2 of fiscal 2024, primarily due to higher NHP volumes sold.
Improved Operating Margins
RMS operating margins improved and were the strongest since Q1 of fiscal year 2024.
Settlement and Financial Position
The company settled a litigation case for approximately $7.6 million, improving financial resources.
Positive Book-to-Bill Ratio
DSA quoting and awards remained in line with the last nine months, with a book-to-bill ratio of 1.01:1 in Q2 of fiscal 2025.
Optimized RMS Site Plan
The refined RMS site optimization plan is expected to result in net annual savings of $6 million to $7 million.