Revenue Growth
Revenue reached $57.8 million, up 2.6% year-over-year, and preliminary Q1 2025 revenue was $14.4 million, which is 8% higher than Q1 2023.
Cost Reduction Achievements
Reduced OpEx by over $20 million in annual savings from the organic Nano business and increased revenue per employee by 52% from $147,000 to $223,000.
Cash Position
Finished the year with $845 million in cash, cash equivalents, and marketable securities, maintaining a strong capital base.
Focus on High-Performance Parts
Exited non-core products to focus on high-value, high-performance components with significant growth potential.