Financial PerformanceThe adjusted EBITDA loss increased 6.4% to $(3.9) million, higher than the FactSet consensus.
Market UncertaintyManagement expects uncertainty and turbulence from the first half of 2025 to persist in the second half, especially in the K-12 segment in U.S. Education.
Revenue DeclineRevenue declined 0.6% to $7.5 million, primarily due to lower software revenues related to uncertainty in K-12 where funding sources have been disrupted.