Financial Performance - Q1 2025 revenue was $161.6 million, compared to $184.4 million in Q1 2024[34] - Gross profit for Q1 2025 was $40.9 million, with a gross margin of 25.3%[36] - Adjusted EBITDA for Q1 2025 was $12.0 million[36] - Net loss for Q1 2025 was $3.2 million, compared to a net income of $1.0 million in Q1 2024[36] - Net cash provided by operating activities was $5.6 million in Q1 2025[39] - Free cash flow was -$0.2 million in Q1 2025[39] Strategic Initiatives - MISTRAS officially launched the MISTRAS Data Solutions brand, consolidating data-centric services, software, and technologies[8] - The company is focusing on integrated solutions and leveraging data analytics and monitoring technologies[8] - MISTRAS is emphasizing technology-enabled asset integrity solutions[16] Market Segments - Oil & Gas revenue totaled $96.6 million in Q1 2025, with Upstream contributing $40.3 million (41.7%), Midstream $15.8 million (16.4%), and Downstream $40.5 million (41.9%)[14] - Aerospace & Defense revenue was $20.4 million in Q1 2025[34] - Industrials revenue was $18.6 million in Q1 2025[34]

Core Insights - MISTRAS Group, Inc. has launched MISTRAS Data Solutions, a unified brand that consolidates its data-centric services and technology [1][2] - This strategic move positions MISTRAS as a data-driven asset integrity provider, integrating advanced analytics and industrial IoT to enhance asset protection [3][5] - The new solutions aim to improve operational efficiency, reduce downtime, and provide real-time insights for various industries [6][10] Company Overview - MISTRAS Group is a leading provider of integrated, technology-enabled asset protection solutions, focusing on maximizing safety and operational uptime for critical industrial assets [8] - The company has a legacy in non-destructive testing (NDT) technology and is evolving through innovations in robotics and sensor technologies [4][10] Product Offerings - MISTRAS Data Solutions includes capabilities such as cloud-based integrity management software, digital twin and risk modeling, real-time condition monitoring, and advanced engineering services [9][11] - The offerings are designed to support asset-intensive industries, including energy, aerospace, defense, infrastructure, and manufacturing [7][10] Strategic Goals - The launch of MISTRAS Data Solutions is aimed at enhancing visibility and control in demanding operational settings, thereby driving business continuity and increasing uptime [6][10] - The company is committed to integrating asset protection throughout supply chains and centralizing integrity data through Industrial IoT-connected solutions [11]