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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