Security Services Revenue Increase
The Security Services segment saw a revenue increase of 9.9% year-over-year, driven by both service revenue and flow-through inventory revenue.
Improved Gross Margins
Product sales gross margin improved to 61% for the three months ended June 30, 2025, up from 50% in the prior year. For the six months ended, gross margin was 64%, up from 49% in 2024.
Successful Private Placement
The company closed a fully subscribed private placement of unsecured promissory notes for gross proceeds of $2 million.
Positive Outlook for Benchtop NMR
Optimism surrounding the Benchtop NMR product family, with excellent traction in the industry and future growth potential.
Strategic Focus on High-Margin Products
The company plans to phase out third-party equipment sales to focus on high-margin proprietary products like Benchtop NMR.