Earnings Feed

Technology

Adjusted EBITDA profit was $6.4 million, representing the third consecutive quarter of adjusted EBITDA profitability.
Backlog increased to $736.1 million, up 245% year-over-year, providing strong revenue visibility for the next 12 to 24 months.
Civil government sector revenue declined about 4% year-over-year due to contract expirations, notably Norway NICFI.
Commercial sector revenue grew approximately 6% year-over-year and 13% quarter-over-quarter, driven by agriculture and energy.
Defense and Intelligence sector revenue grew approximately 41% year-over-year and 14% quarter-over-quarter.
Free cash flow was positive for the second consecutive quarter, with year-to-date free cash flow of $54.3 million and a margin of approximately 39%.
Non-GAAP gross margin improved to 61% from 58% a year ago, driven by high-margin usage-based data subscription revenue.
Q2 revenue reached $73.4 million, marking approximately 20% year-over-year growth and a quarter of growth reacceleration.

NCNO

Technology

Mortgage subscription revenues were $20.9 million, up 22% year over year, driven by volume growth in IMB and homebuilder customers.
Non-GAAP operating income was $30 million, representing 20% of total revenues.
Non-US total revenues grew 22% (19% constant currency), with subscription revenues up 30% (27% constant currency).
Professional services revenues declined 2% year over year, with a focus on gross profit growth and efficiency.
Share repurchases totaled approximately 750,000 shares in Q2 at an average price of $26.89, totaling $20 million, with $60.6 million repurchased year-to-date against a $100 million authorization.
Subscription revenues were $130.8 million, up 15% year over year (10% organic growth).
Total revenues reached $148.8 million, up 12% year over year.

VUZI

Technology

Cash and cash equivalents increased to $17.5 million with positive working capital of $20.3 million and no debt obligations outstanding.
Engineering services revenue declined to $0.3 million from $0.5 million year-over-year.
General and administrative expenses fell 39% to $2.8 million, helped by lower stock-based compensation and salary reduction program completion.
Gross loss widened to $0.8 million from $0.3 million due to inventory obsolescence reserves and higher manufacturing overhead costs.
Net loss narrowed significantly to $7.7 million ($0.10/share) from $40.6 million ($0.62/share) year-over-year.
Q2 2025 revenue was $1.3 million, up 19% year-over-year driven by increased smart glasses sales, especially the M400 model.
R&D expenses increased 9% to $2.6 million, mainly from external development costs on new products.
Sales and marketing expenses decreased 40% to $1.4 million due to headcount reductions and lower bad debt expense.

LPSN

Technology

Adjusted EBITDA was $2.9 million, exceeding the high end of guidance.
Average revenue per customer increased 4% year-over-year to $655,000.
Cash balance at quarter end was $162 million, including proceeds from prior transactions.
LivePerson reported Q2 2025 revenue of $59.6 million, slightly above the midpoint of guidance.
Net revenue retention dropped to 78% in Q2 from 80% in Q1.
Professional services revenue declined 26% year-over-year to $9.3 million.
Recurring revenue accounted for 92% of total revenue at $55 million.
Revenue from hosted services declined 25% year-over-year to $50.3 million.