Financial Performance - Orders increased by 6% year-over-year and 9.5% sequentially[13, 18] - Revenue decreased by $5.9 million year-over-year[25] - Revenue increased sequentially by $1.5 million[24] - Gross margin improved to 42.6%, a 200 bps increase year-over-year[30] - Reduced debt by $4.9 million during the first half of 2025, including $1.7 million in Q2[13, 50] Market Dynamics - Auto/EV sector orders increased by 39.6%, with Alfamation contributing $5.6 million[23] - Semiconductor sector orders decreased by $2.3 million and $3.7 million[23] - Industrial sales increased by 11%[29] Liquidity and Capital Structure - Cash and cash equivalents totaled $19.2 million as of June 30, 2025[49, 61] - Total debt was $10.1 million as of June 30, 2025[49] - Approximately $59 million in liquidity at June 30, 2025, including borrowing capacity[50] Future Outlook - Expects revenue to be $28 million to $30 million for Q3 2025[57] - Anticipates gross margin similar to Q2 2025[57] - Projects operating expenses of $12.6 million to $13.1 million for Q3 2025, excluding restructuring expenses[57]

First Quarter 2025 Financial Results Conference Call Nick Grant, President and CEO Duncan Gilmour, CFO and Treasurer May 2, 2025 | NYSE American: INTT | 1 Forward-looking Statements and Key Performance Metrics NYSE American: INTT | 2 Non-GAAP Financial Measures In addition to disclosing results that are determined in accordance with generally accepted accounting practices in the United States ("GAAP"), we also disclose non- GAAP financial measures. These non-GAAP financial measures consist of adjusted net e ...