Record Revenue Growth
Total revenues of $107.3 million, up 21.4% versus the year-ago period.
Strong Non-GAAP Gross Margin
Non-GAAP gross margin of 33.8%, a significant improvement compared to 23.2% in the prior year.
Growth in Private Network Opportunities
Secured significant project bookings in public safety and utility networks, including a large multistate network modernization project worth approximately $8 million.
Launch of Aprisa LTE 5G Router Solution
Introduction of a new LTE 5G router solution for public safety vehicles, targeting a market expected to grow at a 12% annual rate.
Improved Financial Performance
First quarter non-GAAP EPS of $0.43, up by $1.30 from the previous year. Adjusted EBITDA of $9.1 million, an increase of $16.8 million from last year.
Strong Cash Position
Cash and marketable securities at the end of the quarter were $64.8 million.