New Product Development and Awards
The company introduced new products, including a refreshed manual product line and the reskinned LumenX, which have won awards and generated preorders. They are preparing for the launch of a new generation platform at productronica.
Strategic Expansion into New Markets
Plans to expand into $1 billion-plus service markets and multibillion-dollar embedded technology markets are underway, expected to diversify revenue streams and reduce reliance on the automotive sector.
Improved Gross Margins
Gross margin as a percentage of sales improved to 50.7% in Q3 2025 from 49.8% in Q2 2025, driven by a positive product mix and demand for PSV7000 systems.
Successful New Bookings
Global bookings for Q3 2025 were $5.2 million, up over 7% from the previous year, driven by demand for PSV7000 automated programming systems.