07:34 AM EDT, 05/14/2025 (MT Newswires) -- Calian Group ( CLNFF ) on Wednesday said second-quarter adjusted net income and sales fell, missing forecasts.

The company, which provides technological products like antennas and cybersecurity solutions, said adjusted net income fell 42% to $11.1 million, or $0.93 per diluted share, from $19 million, or $1.58 per diluted share, from the prior year period. The result missed the consensus analyst forecast of $1.09 per share, according to FactSet.

At the same tine, revenue, which dipped 4% to $193.7 million, also missed analysts expectations of $200.7 million. Growth from acquisitions was 4% while organic growth fell 8%, partially offset by 51% organic growth in nuclear services, GNSS antenna products and defense solutions.

Separately, Calian acquired Advanced Medical Solutions (AMS), a provider of remote and emergency healthcare services in Northern Canada. AMS delivers operational and medical support to the North West Territories, the Yukon, Nunavut and parts of Canada's northern provinces. The company employs over 300 frontline medical personnel. Financial terms were not disclosed.

"Our consolidated second quarter results reflect momentum in some areas, whilst challenging headwinds in others," said Kevin Ford, Calian chief executive. "Our defense solutions in both North America and Europe grew by 13%, highlighting the increasing need for global security and operational readiness. Our ITCS [IT & cyber solutions] business saw a more challenging environment due to slower customer demand, and one-time investments we have made to re-position our offerings for long-term growth."

Calian will pay a quarterly dividend of $0.28 per share on June 10.