Financial Data and Key Metrics Changes - Consolidated revenues for the first quarter of 2025 were 274.2million,adecreaseof13315.2 million in the prior year period [19] - Net loss attributable to common stockholders was 24.8millionor1.89 per fully diluted share, compared to a net loss of 17.7millionor2.21 per fully diluted share in the prior year [19] - Total adjusted EBITDA was 7.2million,downfrom12.8 million in the prior year period [19] Business Line Data and Key Metrics Changes - Infrastructure segment revenues decreased 14% to 264.9millionfrom307.9 million in the prior year quarter, primarily due to project timing and size [20] - Life Sciences segment revenues increased 210% to 3.1millionfrom1 million in the prior year quarter, driven by increased unit sales [22] - Spectrum segment revenues were 6.2million,aslightdecreaseof100,000 compared to the first quarter of 2024 [22] Market Data and Key Metrics Changes - DBM Global achieved revenues of 264.9millionandadjustedEBITDAof16.7 million, with a gross margin improvement of approximately 110 basis points to 15.6% [7] - R2 tripled its year-over-year revenue to 3.1million,withsignificantgrowthinNorthAmerica[12]−Thecompanyisnowserving28countriesandhasenteredintodistributionagreementsinseveralEuropeanandSouthAmericancountries[13]CompanyStrategyandDevelopmentDirection−Thecompanyisfocusedonaddressingitscapitalstructureandnear−termdebtmaturitieswhileleveragingvaluableassets[6]−Thestrategicvisionemphasizesmaximizingthevalueofassetsandexploringstrategicalternatives[17]−Thecompanyisactivelypursuingcommercialopportunitiesindatacastingandmodernizingbroadcastingcapabilities[16]Management′sCommentsonOperatingEnvironmentandFutureOutlook−ManagementexpressedconfidenceintheabilitytoexecuteonstrategicobjectivesandhighlightedthestrongbacklogandrobustpipelineforDBM[6][7]−Theongoingtariffsituationisbeingmonitored,withnomaterialimpactobservedonDBM′sbusinessasofnow[8]−ThecompanyremainsoptimisticaboutthemarketopportunityforR2andthemomentumexperiencedyearoveryear[15]OtherImportantInformation−AsofMarch31,2025,thecompanyhadtotalprincipaloutstandingindebtednessof672 million, an increase from the previous year [25] - Cash and cash equivalents were 33.3million,downfrom48.8 million at the end of 2024 [24] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded with management expressing satisfaction with the momentum to start the year [26][27]