Overview
Cyber-hardened networking firm's 2025 revenue fell by over 50% due to fewer large deals
Net loss and adjusted EBITDA loss widened in 2025 amid lower sales and higher expenses
Company expanded share repurchase program to $1.5 mln from $1 mln
Outlook
Company expects cost reduction benefits to become more visible during 2026
Result Drivers
LARGE DEALS ABSENT - Co said full-year revenue decline was mainly due to two large deals in 2024 that did not repeat in 2025
GOVERNMENT SHUTDOWN IMPACT - Co cited a prolonged U.S. government shutdown as a factor impacting budgeting and project timelines
Company press release: ID:nGNXzghns
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
$3.7 mln
FY Net Income
-$8.3 mln
FY Adjusted EBITDA
-$6.9 mln
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)