Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $25.8 million, representing a year-over-year growth of approximately 72% compared to $15 million in Q2 2024, primarily driven by the acquisition of Markforged which contributed $16.1 million in revenue [12] - Excluding Markforged, revenue was $9.7 million for the quarter, down 35% year over year, reflecting strategic diversity tools and macroeconomic headwinds [12] - Gross profit for the quarter was $11.6 million, with a gross margin of approximately 44.7%, a decrease from 46.1% in the prior year [13] - Operating expenses for the quarter were $28.2 million, higher than the prior year due to combined operations with Markforged, but standalone operating expenses decreased by over 24% year over year [13] - Total cash, cash equivalents, and investable securities stood at $551 million at the quarter end, down from $840 million at the end of Q1 2025, primarily due to cash paid for acquisitions [14] Business Line Data and Key Metrics Changes - The integration of Markforged is progressing as planned, with efforts focused on identifying synergies and aligning operations [8] - The acquisition of Desktop Metal resulted in a non-cash impairment of $139.4 million and a loss from its operation of $30.4 million during the quarter, included in net loss from discontinued operations [7] Market Data and Key Metrics Changes - Positive momentum is noted in regulated industries such as defense, with a critical defense order valued at approximately $3 million completed during Q2 [10] - Global brands like Nestlé are expanding their use of Markforged systems, indicating scalability and tangible ROI for customers [10] Company Strategy and Development Direction - The company is focused on unlocking shareholder value and exploring a comprehensive range of strategic alternatives with the help of Guggenheim Securities and Houlihan Lokey as financial advisors [6] - The strategic review and integration of Markforged are aimed at building a more agile and scalable company capable of delivering strong results over time [9] - The company aims to lead the future of advanced digital manufacturing by delivering innovative solutions to customers [16] Management's Comments on Operating Environment and Future Outlook - Management acknowledges macroeconomic headwinds, particularly in industrial sectors, but expresses confidence in the foundation being built to scale intelligently and drive innovation [10][16] - The focus remains on capital discipline, with every action guided by margin expansion, strategic clarity, and value creation [10] Other Important Information - The transition from IFRS to U.S. GAAP reinforces the company's commitment to financial transparency [12] - The company remains one of the best capitalized in its ecosystem, focused on maintaining financial strength [7] Q&A Session Summary - The Q&A session was briefly mentioned, but no specific questions or answers were provided in the transcript [18]