Financial Data and Key Metrics Changes - Revenue for the first quarter was reported at $68.9 million, down from $90.8 million in the prior year, primarily due to the conversion of certain programs to small business set-aside contracts, resulting in an approximate $18 million decrease [11][12] - Adjusted EBITDA for the quarter was $6.5 million, compared to $9.9 million in the prior year, with an adjusted EBITDA margin improving sequentially to 9.5% [12][14] - Free cash flow usage was approximately $4.8 million during the quarter, a significant improvement from $12.1 million in the previous year [13] Business Line Data and Key Metrics Changes - The revenue contraction was largely attributed to small business set-aside conversions, particularly from the CMOP and Head Start programs [11] - The company is focused on expanding efficiencies and margins while managing indirect costs, which are expected to improve in the second quarter [12][30] Market Data and Key Metrics Changes - The company noted improved demand across core markets, particularly in defense and intelligence, with a focus on rapid delivery, cost efficiency, and digital modernization [5][8] - Federal health agencies received funding increases compared to fiscal 2025 levels, which is expected to positively impact the company's addressable markets [4][8] Company Strategy and Development Direction - The company is committed to three strategic pillars: digital transformation and cybersecurity, science, research and development, and systems engineering and integration [8] - There is a focus on leveraging technology and innovative tools to enhance productivity and competitive positioning [6][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in exiting fiscal 2026 in a stronger position, supported by improved budget clarity and a healthy addressable market [10][15] - The management team emphasized the importance of agility and responsiveness to compete effectively in the evolving market landscape [58][60] Other Important Information - The company is actively working on deleveraging its balance sheet, with debt increasing to $136.6 million during the quarter, but remains compliant with financial covenants [14][15] - The management highlighted the importance of maintaining a competitive indirect cost profile to support organic growth [28] Q&A Session Summary Question: What accounted for the remaining $4 million in revenue decline? - The decline was attributed to smaller impacts from DOGE initiatives and the completion of a USAID project [19][21] Question: Update on CMOP contracts and transition timing? - The company expects a complete wrap-up of CMOP work by Q3 of the current fiscal year, with improved transition processes in place [25] Question: Insights on cost reductions and their impact? - Cost reductions are reflected in Q1 results, and the company is scaling costs in line with the volume changes from CMOP [30][31] Question: Market opportunities and bidding activity? - The company has seen limited bid opportunities due to budget uncertainty but anticipates more stability moving forward [36][40] Question: Focus on civilian clients and commercial opportunities? - The company works with federal civilian agencies and is exploring more commercial opportunities, particularly in biotech [50][51]

This map reveals what scientists care about—and what armed forces don’t want to share https://t.co/V7r5M5Knzb ...

AI Development & Application - Google DeepMind has been leading the application of AI to science [1] - Google DeepMind is collaborating with the Department of Energy (ENERGY) by providing National Lab scientists accelerated access to its frontier AI models & agentic tools, starting with AI co-scientist [1] Government & Industry Collaboration - The White House has a new Genesis Mission [1]

RT Demis Hassabis (@demishassabis)@GoogleDeepMind has led the way in applying AI to science. Great to see the White House’s new Genesis Mission & excited to be collaborating with @ENERGY by giving National Lab scientists accelerated access to our frontier AI models & agentic tools, starting with AI co-scientist. ...

I would like to start this speech with a little bit of action. Can everybody please put your hands on your head like this. And let's take a moment to think of what's in there.The big B. I can see from the smiles you're thinking of Amitab Bachel. We're not here to talk about Bollywood.What I meant was our brain. As children, our brains are so free. They roam the world, explore, ask questions.But as we grow up, our brains start to get confined by limitations, by boundaries, and a heavy cage settles over it. A ...

Una noche de invierno de 1860 en el teatro de Londres cambiaría la vida de cientos de niños. Una noche que pasó la historia. Unos cuantos días antes, los niños y sus familias recibieron una invitación un tanto peculiar, pasar la víspera navideña viendo una conferencia de física. Y yo no sé ustedes, pero si a mí de chiquito me hubieran dicho que mi regalo de Navidad iba a ser pasar la víspera navideña en una conferencia de ciencia, seguramente hubiera fingido estar enfermo. Pero no fue el caso. No fue el cas ...

30 Under 30 Science 2026: New Discoveries From The Cosmos To The NanoscaleThese young scientists, engineers and entrepreneurs are working to build a better world at every scale imaginable.https://t.co/FpCRNebzKZ #ForbesUnder30 https://t.co/F2uv1ROrF7 ...

Thank you. Namaste everyone. It was a year of 2009 summer.My entire batch of MB has gone for internship and I was in my college uh doing the internship with my professor late professor Ms. . LA the first teacher who transformed my life completely the way I thought the way I saw and sitting on the corridor I was watching a TED talk right this is 2009 you know 13 14 years back from now and I decided on that particular day that one day I'll give a TED talk and lo and behold today is the day thank you so much f ...

The UK is an amazing place for science & innovation. Thrilled to deepen our partnership with the UK Government to turbocharge scientific discovery with AI - giving scientists here priority access to our frontier models like AlphaEvolve, AI Co-Scientist, AlphaGenome, WeatherNext & more. We’re also building our first automated lab here in the UK for materials science! ...

Overview - Forbes 30 Under 30 Science 2026 highlights young scientists, engineers, and entrepreneurs [1] - These individuals are focused on creating positive global impact across various scales [1] Focus Areas - The honorees are involved in new discoveries ranging from the cosmos to the nanoscale [1] - They are working to build a better world through their innovations [1]