Financial Data and Key Metrics Changes - In Q1 2025, the company raised $75 million in cash from BC Partners through an investment in a subsidiary, with an option for an additional $75 million for future acquisitions [5] - General and administrative expenses totaled $6 million, including $2 million related to evaluating potential transactions and $3 million in stock issuance costs directly tied to the BC Partners investment [5] - The company closed the quarter with $222 million in cash, cash equivalents, and marketable securities, up from $149 million at the end of fiscal year 2024 [6] Business Line Data and Key Metrics Changes - The company incurred approximately $5 million in cash on transaction-related costs during the quarter, which was offset by interest income of approximately $2 million [6] Market Data and Key Metrics Changes - No specific market data or key metrics changes were provided in the call [9] Company Strategy and Development Direction - The company is focused on maintaining low cash expenses to maximize available cash for organic growth and acquisitions, aiming to build a strong and durable business [6] - Following the strategic investment from BC Partners, the company is actively identifying growth and acquisition opportunities, with BC Partners enhancing the pipeline of opportunities [7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the receptiveness of potential partners and the quality of inbound outreach, indicating a positive outlook for future growth [7] Other Important Information - The company emphasized its commitment to keeping cash expenses low and highlighted the collaborative efforts with BC Partners to explore growth opportunities [6][7] Summary of Q&A Session - There was no question and answer session at the conclusion of the call [9]

Financial Data and Key Metrics Changes - In Q1 2025, the company raised $75 million in cash from BC Partners, with an additional option for $75 million to fund future acquisitions [5] - The company incurred $6 million in general and administrative expenses, including $2 million related to evaluating potential transactions [5] - Cash expenses were offset by approximately $2 million in interest income, resulting in a closing cash balance of $222 million, up from $149 million at the end of fiscal year 2024 [6] Business Line Data and Key Metrics Changes - The company has focused on maintaining low cash burn to maximize available cash for growth and acquisitions, indicating a strategic shift towards a more sustainable business model [6] Market Data and Key Metrics Changes - The strategic investment from BC Partners has expanded the company's pipeline of opportunities and enhanced its capabilities, reflecting a positive market reception [7] Company Strategy and Development Direction - The company is committed to organic growth and acquisitions, with a strong emphasis on identifying growth opportunities in collaboration with BC Partners [6][7] - Management expressed optimism about the quality of inbound outreach and potential partnerships, indicating a proactive approach to market expansion [7] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of keeping cash expenses low to support future growth and acquisitions, demonstrating a cautious yet optimistic outlook for the business [6] - The collaboration with BC Partners is expected to yield significant opportunities, with management looking forward to sharing progress in upcoming quarters [7] Other Important Information - The company incurred $3 million in costs directly related to the BC Partners investment, recorded as stock issuance costs, indicating a strategic investment in future growth [5] Summary of Q&A Session - There was no question and answer session at the conclusion of the call, as indicated in the opening remarks [4]