
Table 14: Results of Operations by Business Segment
	For the Three Months Ended
	March 31, 2026						March 31, 2025
	Security Solutions		Secure Networks		Total		Security Solutions		Secure Networks		Total

	(in thousands)
Revenues	$	45,970	$	1,772	$	47,742	$	25,818	$	4,798	$	30,616
Cost of sales
Depreciation and amortization (1)	2,593		3		2,596		1,501		2		1,503
Stock-based compensation expense (1)	194		22		216		169		21		190
Other segment items (2)	26,320		1,235		27,555		13,088		3,653		16,741
Total cost of sales	29,107		1,260		30,367		14,758		3,676		18,434
Gross profit	$	16,863	$	512	17,375		$	11,060	$	1,122	12,182
Operating expenses:
Research and development expenses					1,357						1,571
Selling, general and administrative expenses					14,563						19,633
Total operating expenses					15,920						21,204
Operating income (loss)					1,455						(9,022)
Other income					697						561
Interest expense					(111)						(147)
Income (loss) before income taxes					2,041						(8,608)
(Provision for) benefit from income taxes					(18)						4
Net income (loss)					$	2,023					$	(8,604)

(2) Other segment items for each reportable segment include direct labor, direct subcontractor costs, direct materials and inventory, other direct non-labor costs, fringes, overhead, and facility costs.