Consolidated Year-Over-Year Revenue Growth
OSS returned to consolidated year-over-year revenue growth for the fourth quarter and sequential consolidated growth for every quarter in 2024, driven by strength across both operating segments.
Significant Increase in Customer-Funded Development Revenue
Customer-funded development revenue increased by 118% in 2024 to $3.7 million, indicating potential for larger revenues if products are adopted in large-scale multiyear programs.
Strong Book-to-Bill Ratio
OSS achieved an annual book-to-bill ratio of 1.14 for their OSS segment, with an expectation to increase this ratio to 1.2 in 2025.
Projected Revenue Growth for 2025
OSS anticipates a consolidated revenue of $59 million to $61 million for 2025, including an OSS segment revenue growth of over 20% year-over-year.