Bob Wrocklage

“A few weeks ago, we had the opportunity to connect with customers, engineering, consulting firms, and investors at Weftech in New Orleans. During the show, we formally launched One Network, our real-time network monitoring and analysis platform for water and wastewater utilities.”

“Last month, we had the opportunity to connect with multiple customers, engineering consulting firms, and investors at ACE 2026 in Washington, D.C. For those not able to visit in person, we showcased our AMI and Beyond the Meter applications in a way that conveys our ability to deliver critical outcomes our customers…”

“That backdrop supported strong but moderating revenue growth. As shown on the slide, four sizable AMI projects that began deployment in 2023 were meaningful contributors during this same time period, collectively representing nearly 800,000 connections.”

“That backdrop supported strong but moderating revenue growth. As shown on the slide, four sizable AMI projects that began deployment in 2023 were meaningful contributors during this same time period, collectively representing nearly 800,000 connections.”

“Turning to slide three, total sales of $238 million in the second quarter of 2025 represented an increase of 10% year-over-year, or 5% sales growth when excluding just over $10 million in sales from smart cover in its first full quarter under our ownership.”