Strong Revenue Growth
Reported revenue of $17.1 million, up 24% sequentially, marking the third highest quarter of revenue in the past decade.
Record Backlog
Quarter-end backlog reached $82 million, the highest in company history and up 17% since fiscal year-end in April.
Successful Expansion into New Markets
Anticipation of participating in large and growing end markets such as quantum sensing, proliferated satellites, and alternative station navigation and timing programs.
Increased Defense Revenue
Revenue from non-space US government and Department of Defense customers was $11.9 million compared to $5.8 million in the same period of the prior fiscal year.
Debt-Free Financial Position
The company remains debt-free with a strong working capital position of approximately $31 million.