Image source: The Motley Fool. Tuesday, Feb. 10, 2026 at 4:30 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Richard S. Danforth Chief Financial Officer — Cassandra Hernandez-Monteon Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Revenue -- $17,100,000, representing a 146% increase year over year. -- $17,100,000, representing a 146% increase year over year. Hardwar...
Image source: The Motley Fool. Tuesday, Feb. 10, 2026 at 4:30 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Richard S. Danforth Chief Financial Officer — Cassandra Hernandez-Monteon Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Revenue -- $17,100,000, representing a 146% increase year over year. -- $17,100,000, representing a 146% increase year over year. Hardware Revenue Growth -- Rose approximately 220%, with $9,600,000 attributable to the Puerto Rico project. -- Rose approximately 220%, with $9,600,000 attributable to the Puerto Rico project. Software Revenue -- Remained flat year over year at $2,300,000, but increased roughly 5% sequentially from the preceding quarter. -- Remained flat year over year at $2,300,000, but increased roughly 5% sequentially from the preceding quarter. Gross Profit Margin -- Improved by 48%, up 220 basis points year over year, primarily due to product mix. -- Improved by 48%, up 220 basis points year over year, primarily due to product mix. Operating Expenses -- Declined 6% from 2025, totaling $8,100,000, attributed to completed cost reduction initiatives. -- Declined 6% from 2025, totaling $8,100,000, attributed to completed cost reduction initiatives. Operating Loss (GAAP) -- Narrowed to negative $400,000 from negative $5,900,000 in the prior-year quarter. -- Narrowed to negative $400,000 from negative $5,900,000 in the prior-year quarter. Adjusted EBITDA -- Reported positive $700,000, compared to an adjusted EBITDA loss of negative $4,800,000 in the year-ago period, excluding non-cash stock compensation. -- Reported positive $700,000, compared to an adjusted EBITDA loss of negative $4,800,000 in the year-ago period, excluding non-cash stock compensation. GAAP Net Loss -- Was negative $800,000, an improvement from negative $4,100,000 in the previous year. -- Was negative $800,000, an improvement from negative $4,100,000 in the previous year. Cash Position -- Ended the quarter with $10,300,000 in ca...