Shares gained 8.0% as the quarter's revenue growth and margin expansion outpaced concerns around operating losses and elevated expenses, reflecting investor optimism in the company’s accelerating scale and integration progress.
- Revenue surged 228% year-over-year to $9.0 million, setting a new quarterly record driven by the Security Force acquisition and core subscription growth.
- Gross margin improved to 7%, up from a significant gross loss in the prior year, marking a second consecutive quarter of positive margins.
- Operating expenses more than doubled to $13.8 million, fueled by increased R&D investment and expanded headcount during integration.
- Net loss widened to $14.1 million ($0.79 per share), reflecting higher operating expenses and approximately $1 million in contingent consideration charges.
- Progress on next-generation products continued with the K7 autonomous security robot entering beta and partnerships advancing AI and digital twin technologies, supporting market confidence.
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