Updated total backlogs breakdown

🔹 Total Backlog: $329.5M (⬆️ from $296.7M in Dec 2024)
🔹 Organic Backlog: $255.1M (⬇️ from $279.4M in Q1)
  – Revenue recognized: $106.3M (⬆️ vs 57.5M in Q1)
  – New orders: $71.6M
🔹 Edge Autonomy (EAS) Backlog: $74.4M
  – $73.7M from acquisition
  – $1.5M new awards
  – $16.8M already recognized in Q2

Decline in organic backlog this quarter is driven by higher revenue recognition compared to new awards.

Organic additions to backlog Q1: 56.24M

Organic additions to backlog in Q2: 71.59M