Shares dropped 4.7% as investors reacted negatively to cautious near-term execution and a measured rollout approach that limits immediate revenue upside, despite a strategic acquisition and solid year-over-year growth.
- Revenue reached $2.664 million, up 26% year-over-year, with gross profit of approximately $533,000.
- Signed a multi-campus deal with the International Association of Campus Law Enforcement Officials covering 3,000 campuses; initial deployments limited to a handful of sites in the next quarters.
- Announced a strategic acquisition of Skip Dynamix, focusing on fixed-wing drone technology poised for specialized defense applications, with early-stage contract prospects.
- Management emphasized a cautious, staged rollout strategy, deferring broader market penetration and revenue acceleration to mid-2027.
- Cash position remains strong at $131 million, providing runway for ongoing investments and slower commercialization ramp.
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