Overview
- Shares rose as much as 22% intraday and were recently up about 16% at $7.03, extending gains since the week’s report.
- Third-quarter revenue reached $33.14 million with a loss of $0.03 per share, topping Wall Street expectations.
- The company reaffirmed its 2025 revenue outlook of $125 million to $140 million despite near-term softness.
- Sales declined 20% year over year in Q3, which management linked to lower U.S. Army program volumes.
- H.C. Wainwright’s Scott Buck reiterated a Buy with an $8 target and said the Ask Sage deal could lift 2026 revenue toward $200 million.