Strong Revenue Growth
Sales jumped 36% year-over-year to $11.5 million this quarter, driven primarily by a 57% increase in the Supply Chain division's revenues.
Increased Profitability
Net income surged 53% to $765,000, with earnings per share at $0.13 for the quarter. EBITDA increased to $900,000 from about $800,000 in the second quarter of 2024.
Raised Full-Year Guidance
Full-year revenue guidance increased to between $45 million and $48 million, up from previous guidance of $44 million. Net income guidance was also raised to between $2.6 million and $3.1 million.
Financial Stability and Flexibility
Cash and equivalents grew to $5.2 million from $3.6 million at year-end, with a robust financial foundation allowing for potential strategic acquisitions.
Defense Sector Growth
More than 60% of total revenues are defense-based, with anticipated growth due to increased demand in this sector.