Operating expenses increased “primarily due to stock-based compensation and public company costs,” resulting in a loss from operations of $0.4 million compared with operating income of $1.8 million in the prior-year quarter. Net income remained positive at $0.4 million, and adjusted EBITDA was $231,000 for the quarter, which Hilty said reflected disciplined cost management while continuing to invest in growth and absorb incremental public company expenses.Hilty said gross profit margin expanded 290 basis po ...