Total Revenue

Up approximately 109% from $169.42 million to $354.59 million in Q1 2025

Sterling Acquisition played a major role by contributing significant revenue, while the addition of new customers further boosted revenue despite historical declines in existing customer revenues due to macroeconomic pressures. The current surge builds on prior period acquisition effects that had already started shifting the revenue mix. " " "

Americas Revenue

Fell slightly by about 2.6% YoY from $149.13 million to $145.35 million in Q1 2025

Macroeconomic pressures continued to affect the Americas segment with reduced demand and lost accounts, echoing previous trends; however, modest revenue gains from new customers and upselling initiatives provided only partial offset to the decline. " " "

International Revenue

Increased approximately 8% YoY to $23.78 million in Q1 2025 (compared to the previous period's baseline)

Although earlier periods experienced near-stagnation or decline due to the same macroeconomic headwinds impacting other regions, the slight improvement suggests some stabilization or targeted initiatives in non-domestic markets, even if detailed drivers were not fully disclosed. " " "

Operating Income

Improved from a loss of $726 thousand in Q1 2024 to a gain of $7,617 thousand in Q1 2025

The turnaround in operating income is attributed to enhanced cost management and operational efficiencies gained from the integration efforts following the Sterling Acquisition, combined with a strong revenue base. This marks an improvement over previously negative operating performance. " "

Net Loss

Widened sharply from $(2,908) thousand in Q1 2024 to $(41,194) thousand in Q1 2025

The dramatic increase in net loss is primarily driven by a drastic rise in interest expense—jumping from $3,570 thousand in Q1 2024 to $46,580 thousand in Q1 2025, largely due to the higher borrowings related to the Sterling Acquisition. This inflation in debt-related costs more than offset the gains seen in operating income. " "

Basic and Diluted Net Income per Share

Deteriorated from –$0.02 in Q1 2024 to –$0.24 in Q1 2025

The significant drop in per-share metrics reflects the increased net loss combined with share dilution effects. This outcome is a consequence of the heightened operating and financing costs experienced in the period, building upon the performance changes noted in previous periods. "