First Quarter Highlights
- Net revenue was $63.9 million, an increase of 14% compared to the prior year period.
- Gross margin improved approximately 470 basis points to 36.6% compared to 31.8% in the prior year.
- Net loss was $(0.7) million or ($0.03) per diluted share compared to net income of $0.2 million or $0.01 per diluted share in the prior year period.
- Adjusted EBITDA was $4.1 million, compared to $1.4 million in the prior year period.
- Generated $40.5 million in cash flow from operations, the highest level since 2019.
- Authorized a new $75 million stock repurchase program.
