Reported Q1 2026 net sales of $3.3 million, down from $6.2 million in Q1 2025. Announced a $23 million transformational acquisition expected to close by the end of Q3 2026. Secured a $9 million direct investment through a private placement of common stock, warrants, and convertible debentures. Implemented operational optimizations resulting in an annual run-rate cost reduction of approximately $1.8 million. Provided Q2 2026 revenue guidance of $5.0 million to $5.4 million, representing approximately 20% sequential growth.