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Financial Results

Fiscal Q2 2024 Financial Summary

Revenue of

$5.7 million

versus $11.2 million in Q2 2023

GAAP operating loss of

($6.9) million

versus ($3.4) million in Q2 2023

Adjusted EBITDA of

($5.7) million

versus ($2.3) million in Q2 2023

GAAP net loss per share of

($6.9) million

versus ($3.4) million in Q2 2023

Recent Business Highlights

  • Expanded project value of previously announced Early Warning System (EWS) for 37 dams on the island of Puerto Rico to approximately $75 million.
  • Fortified balance sheet through $15 million, two-year term loan agreement.  Loan agreement calls for non-amortizing quarterly interest payments, with pre-payment optionality.
  • Expanded our Board of Directors with two independent directors with extensive understanding of the public sector markets for emergency planning, management and response.

Financial Results

  • FY 2024
  • FY 2023
  • FY 2022

For a complete list of SEC filings, please click here