Significant Revenue Growth
Second quarter GAAP revenue of $48.1 million increased 91.4% year-over-year, driven by contributions from three merger transactions.
Successful Debt Refinancing
Completed a $153 million refinancing event, lowering annual interest expenses by approximately $10 million and resulting in $106.2 million cash on hand.
Improved Operational Efficiency
SG&A expenses excluding severance were $12.2 million or 25.4% of sales, an improvement of 480 basis points compared to Q2 of last year.
M&A Strategy and Integration
Closed three merger transactions, expanding portfolio to six states and enhancing profitability and cash generation profile.