For the third quarter of 2025, total operating expenses were $15.5 million, down from $19.1 million in the same quarter of 2024. This 19% year-over-year decrease reflects our continued focus on expense management, operating efficiency, and lower development costs overall.

Oct 28, 2025 / CFO / receipt, needs a key / Anna Mowry, CFO | earnings call 2025-10-28 | transcript 55f86717-267f-406e-9feb-b2bb116a4d10 | chars 12945-13217 | segment 13