High Funded Backlog
The company's funded backlog remains at historically high levels, with a value of approximately $71 million at the end of July 2025, compared to $70 million the previous fiscal year.
Expansion into New Markets
The opening of an engineering facility in Boulder, Colorado, to support initiatives in quantum sensing and hire senior scientists formerly with the National Institute of Standards Technology.
Strategic Partnerships and New Initiatives
Hosting the second annual Quantum Sensing Summit in New York City, aiming to strengthen strategic partnerships and expand the company's role in emerging technologies.
Debt-Free Balance Sheet
The company continues to operate with a debt-free balance sheet and a strong working capital position of approximately $30 million.
Share Repurchase Authorization
Authorization for the repurchase of shares worth $20 million, demonstrating a commitment to returning cash to shareholders.