Significant Expense Reduction
Operating expenses decreased by 55.6% to $2.8 million for the quarter, down from $6.3 million in the same quarter of 2024, driven by streamlined operations and strategic cost optimization.
Positive Net Income
The company reported a net income of $900,000 in Q2 2025 compared to a net loss of $3 million in Q2 2024, indicating improved financial performance.
Stockholders' Equity Increase
Stockholders' equity increased by 126% to $5.9 million, from $2.6 million at the end of 2024, reflecting improved financial health.
Global Partnership with Swiss Life
Entered a global partnership with Swiss Life, enhancing the company's position in the international market.
Successful Entry into Emerging Markets
Strategic inroads made in emerging markets like Mexico, aligning with data sovereignty priorities and positioning for potential expansion.