Kimberly Pinson

“Second quarter 2026 revenue was $1.5 million, up 64% sequentially and down 22% from the prior year quarter. The year-over-year decline primarily reflects the continued delay in the Department of War contract funding, while the sequential improvement included revenue from the new contract with the state of Texas.”

“First quarter 2026 revenue was $0.9 million, down 40% sequentially and 50% year-over-year. As Tony mentioned, results continue to be impacted by delays in the award of a key U.S. government contract, contributing to an unusually low reported revenue level.”

“Fourth quarter results totaled $1.5 million in revenue, a decrease of 25% compared to the prior quarter and 12% when compared to the prior year period, as noted earlier on the call.”

“Third quarter 2025 revenue was $2 million, up 5% sequentially and 31% year-over-year. Growth was driven by expansion of work performed under the contract with the U.S. Department of Defense, which utilizes both Shield technology and consulting services.”

“In the second quarter of 2025, revenues were $1.9 million, an increase of 6% sequentially and 28% when compared to the prior year period.”