Revenue declined 36% year-over-year, net income turned to a net loss of $0.7 million, adjusted EBITDA swung from positive $1.3 million to negative $0.4 million, managed services bookings fell 19%, and cash decreased $4.3 million. While management expressed confidence in long-term strategy and enterprise relationships, near-term financial performance deteriorated significantly due to macroeconomic uncertainty and delayed customer commitments.
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