Company Reports Q2 Revenue of $232.1M
Reports Q2 revenue $232.1M vs. $264.5M last year. CEO Bohn Crain commented, "With the benefit of our diversified service offering we delivered another quarter of solid financial results generating $11.8M in adjusted EBITDA for our Q2 ended December 31, 2025. The comparable year ago period included $64.8M in revenues for air charters to bring approximately 8 million units of IV fluid to the U.S. as a result of the national shortages resulting from Hurricane Milton...Without the lower margin of Milton Project in the current period, our adjusted gross profit margin returned to more normalized levels, improving 340 basis points to 27.3% compared to 23.9% in the year ago period, demonstrating our ability to maintain solid margins even as we navigate a challenging freight market...And while still very early in our journey, we continue to be encouraged about the prospects of Navegate, our proprietary global trade management and collaboration platform...We believe this speed to market and ease of deployment represent a clear competitive advantage and that Navegate will serve as a meaningful catalyst for organic growth as we introduce the technology to our current and prospective customers in coming quarters. We are also pleased to announce the launch of 'Ray', our first AI-powered agent, which is initially focused on streamlining the administration of quote requests from our international agents around the world."
