Financial ResultsThe fourth quarter results and revenue guidance for the first quarter were below expectations, causing the stock to trade $2.00 lower.
Market ChallengesSchool districts are still navigating funding challenges and delays, impacting the timing of committed orders and hardware deliveries.
Revenue DeclineRevenue declined 29.2% to $8.5 million due to capital constraints prior to the company's IPO, limiting its ability to fulfill backlog orders.