Cost Reduction
Operating expenses were reduced by approximately 27% compared to Q2 2024, contributing to improved cost management and operational efficiencies.
Positive Adjusted EBITDA
Adjusted EBITDA improved to $0.3 million in Q2 2025 from $0.2 million in Q2 2024, indicating better financial performance through cost management.
Cash Flow Improvement
The company generated $0.7 million in cash from operations during Q2 2025, an increase from $0.4 million in Q2 2024, contributing to a stronger cash position.
Strategic Growth Initiatives
The company has established relationships with two major freight carriers and completed technology integrations, positioning for future growth in 2026.
Treasury Strategy for Better Returns
The company adopted a treasury strategy to increase interest income from cash reserves, projecting an improvement from approximately 4% to over 8% annualized interest income.