We remain committed to disciplined expense management and will continue to align our cost structure with business activity while preserving flexibility to respond to changing market conditions.

Jun 25, 2026 / CFO / receipt, needs a key / Andy Fulmer, CFO | earnings call 2026-06-25 | transcript 8b40b997-f252-4e07-aa77-85d8bd09f662 | chars 21446-21639 | segment 21

We've reduced spending in areas such as travel, remote office footprints, and non-essential contracts. As a result, we expect total operating expenses to decline for full fiscal 2026.

Mar 12, 2026 / CFO / receipt, needs a key / Andy Fulmer, CFO | earnings call 2026-03-12 | transcript f6254d25-c004-4aad-bf09-1341209f6702 | chars 17573-17756 | segment 17

That said, we've identified certain potential cost-saving opportunities within the organization. For example, reducing travel expenses, consolidating remote offices, and allowing non-essential contracts to expire without renewal.

Dec 9, 2025 / CFO / receipt, needs a key / Andy Fulmer, CFO | earnings call 2025-12-09 | transcript 206dec2e-0ecd-4a71-9c40-9e75c39aa74f | chars 20054-20283 | segment 20

As a reminder, Q3 OPEX is typically higher than other quarters due to the cost of trade shows like SHOT Show in January.

Dec 5, 2024 / CFO / receipt, needs a key / Andy Fulmer, CFO | earnings call 2024-12-05 | transcript 04910901-2293-4d3a-a54c-fef3cd9da1e7 | chars 19552-19672 | segment 19

As we've discussed before, we plan to invest in sales and marketing initiatives in fiscal 22, including business travel and trade shows at more normalized levels than we did in fiscal 21 when pandemic-related restrictions eliminated those valuable opportunities to connect with our customers. We expect those investments to continue throughout fiscal 22.

Sep 9, 2021 / CFO / receipt, needs a key / Andy Fulmer, CFO | earnings call 2021-09-09 | transcript cf16ecbc-83e2-4599-85c6-f8db20c0632c | chars 17804-18158 | segment 18