Adjusted EBITDAThe company reported negative Adjusted EBITDA of $(6.4) million, down from $400K year-over-year.
Hardware Revenue DecreaseHardware revenue for the quarter was $10.4 million, down 72% from last year, mainly due to the company shifting away from their previous over reliance on hardware sales.
Quarterly Revenue DeclineQuarterly revenue totaled $35.4 million, marking a 41% decrease from the previous year, driven by fewer units shipped and new units deployed.