Increase in Revenue
Preliminary revenues for Q4 show a year-on-year increase between 17.9% and 20.7%. The fiscal year revenues are expected to be between $48.9 million and $49.2 million compared to $41.168 million in 2023, representing an annual growth rate of between 18.8% to 19.5%.
Strong Gross Margins
Quarterly gross margin is expected to be in the range of just shy of 46% to 48.5%, up 200 basis points from the fourth quarter of 2023.
Significant Contract Wins
Two big $10 million-plus contract wins were announced at the end of 2024 and the beginning of 2025, strengthening the pipeline and potentially leading to more contracts in the coming quarters.
Strategic M&A and Partnership Plans
Plans for inorganic growth through partnerships and acquisitions to enhance market position and expand product offerings, with a focus on acquiring companies with positive cash flow and moderate to strong revenue growth.
Connectivity Partnership
Investment in the Connectivity Partnership to explore new market opportunities and potential acquisitions, with anticipated significant investment returns.
Employee Ownership and Incentives
At the end of 2023, 183,000 options were distributed to employees based on tenure, promoting strong employee ownership and motivation.