Significant Revenue Growth
OSS achieved a 36.9% year-over-year increase in consolidated revenue, with the OSS segment alone experiencing a 43.4% increase.
Positive Financial Performance
OSS reported positive EBITDA and net income for the quarter, with a consolidated gross margin of 35.7%.
Strong Bookings and Pipeline
The OSS segment had a book-to-bill ratio of 1.4, and the company is tracking ahead of its plan in product development milestones.
Notable Contracts and Partnerships
OSS secured a $500,000 contract with Safran Federal System, with additional orders expected to total over $3 million, and a $1.5 million order from a Canadian-based integrator.
Raised Full Year Revenue Guidance
The company raised its full year 2025 consolidated revenue guidance range from $59 million to $61 million to $63 million to $65 million.
Successful Capital Raise
OSS strengthened its balance sheet with approximately $12.5 million in gross proceeds through a registered direct offering.