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The Company estimates preliminary unaudited revenues for the three months ended September 30, 2025, of approximately $0.3 million, compared to $200.9 million in the three months ended September 30, 2024, as previously reported. The decrease is primarily attributable to insufficient working capital.
The Company estimates operating losses of approximately $14.3 million in the three months ended September 30, 2025, compared to operating income of $2.5 million in the three months ended September 30, 2024, as previously reported.
The Company experienced delays in collecting significant receivables in its LATAM division, which contributed to a negative working capital position. Management is pursuing additional financing. Management and the Board are reviewing strategic alternatives.
Posted In: SDOT
