Primarily due to strategic investments in ZRust oil and gas, sales infrastructure, and increased personnel expenses, including new hires, benefits, and higher travel and professional fees.

Nov 18, 2025 / CFO / receipt, needs a key / Matt Wilsfeld, CFO | earnings call 2025-11-18 | transcript 2cd164ca-b96c-47cd-bcc6-95d7ca35fbb4 | chars 10749-10937 | segment 11