Welcome back. Seven minutes before we get uh started with trading here to begin a new week, one of our final weeks of the year. Of course, I like to keep an eye on the calendar.Let's talk a little service now for the Mad Dash. >> First, they came after Adobe and people said that's okay. They had particular characteristics involving advertising and uh you know just kind of overall too linked to perhaps um let's just say fancy, too expensive versus cheaper.Then they came after uh Sal Sal Sal Sal Sal Sal Sal S ...

Core Insights - Streamline Health Solutions reported a total revenue increase of approximately 12% to $4.8 million for the first quarter of fiscal 2025 compared to $4.3 million in the same period of fiscal 2024, driven by new SaaS contracts despite some client non-renewals [2][4] - SaaS revenue grew by 23% to $3.4 million, representing 70% of total revenue in Q1 2025, up from 63% in Q1 2024 [3] - The company experienced a reduced net loss of $1.6 million in Q1 2025, an improvement from a net loss of $2.7 million in Q1 2024, attributed to increased revenue and cost savings from strategic restructuring [4][5] - Streamline Health Solutions entered into a definitive merger agreement with MDaudit for an all-cash transaction valued at approximately $37.4 million, with a share price premium of 138% over the last trading day prior to the announcement [6] Financial Performance - Total revenue for Q1 2025 was $4.8 million, a 12% increase from $4.3 million in Q1 2024 [2] - SaaS revenue for Q1 2025 was $3.4 million, a 23% increase from $2.7 million in Q1 2024, making up 70% of total revenue [3] - Adjusted EBITDA improved to $0.2 million in Q1 2025 from a loss of $0.7 million in Q1 2024, reflecting the company's focus on SaaS revenue growth and cost savings [5][18] Balance Sheet and Cash Flow - As of April 30, 2025, cash and cash equivalents were $1.4 million, down from $2.2 million as of January 31, 2025 [4][16] - Total assets increased to $35.8 million as of April 30, 2025, compared to $35.6 million as of January 31, 2025 [16] - Total liabilities rose to $24.8 million as of April 30, 2025, from $23.3 million as of January 31, 2025 [16] Merger Agreement - The merger with MDaudit is expected to close in the third quarter of calendar year 2025, with MDaudit acquiring all outstanding shares of Streamline stock for $5.34 per share [6]