Reports Q1 revenue $5.13M vs. $5.03M last year. Executive Chairman Christopher Coccio stated, “We are pleased with the solid start to this fiscal year with the continuing trend of $5M plus for the past five consecutive quarters. Our margins were strong this quarter and we achieved increased profitability and, based on projected shipments for Q2 of FY26, we anticipate the first half of FY26 to maintain revenue levels and strong profitability. However, our full-year outlook remains cautious, with expectations for relatively flat revenue growth due to uncertainty related to governmental clean energy incentives and evolving tariff policies which each may affect the initiation and timing of customer orders…With a healthy balance sheet and strong customer demand, we remain keenly attuned on execution and look forward to building on our recent success.” CEO Steve Harshbarger stated, “…We are proud to report our fifth quarter in a row of revenue over $5M with continued profitability as we execute on the strong customer demand and momentum we are experiencing. As we stay focused on high ASP orders we are well positioned with our strong balance sheet and stable backlog to navigate potential short-term demand shifts that may result from changes in tariff policies and clean energy incentives. We remain focused on our long-term growth strategy and look forward to continued revenue growth and profitability over the long term.”
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