Financial Performance - Total net revenue decreased by 14% year-over-year, from $135.1 million in Q1 2024 to $115.8 million in Q1 2025 [11, 33] - U S Crop sales declined by 18% year-over-year [12, 33] - International sales decreased by 14% year-over-year, from $50.1 million to $43.0 million [11, 33] - Adjusted EBITDA decreased significantly from $15.5 million in Q1 2024 to $3.0 million in Q1 2025 [14] - Adjusted EBITDA margin declined from 11.3% in Q1 2024 to 2.6% in Q1 2025 [14] - The company is adjusting its full year adjusted EBITDA target to $40 - $44 million and its full year Revenue target to $535 million - $545 million [6, 29] Cost Management and Working Capital - Operating expenses decreased by $5 million, a 14% decline compared to the prior year [6, 18, 23] - R&D expenses declined by $2.1 million [6, 18, 23] - SG&A expenses declined by $700,000 [6, 18, 23] - Net working capital was reduced by $85 million year-over-year [6, 20]

FY 2024 Earnings March 2025 Safe Harbor Statement During this presentation, the Company may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements are estimates by the Company's management and are subject to various risks and uncertainties that may cause results to differ from management's current expectations. Such factors include weather conditions, changes in regulatory policy and other risks as detailed from time-to-time in th ...