Record Revenue Growth
Quarterly revenue increased by 115% to $6,090,000 compared to Q3 2024, with gross profit more than doubling to $2,960,000 and a gross margin increase to 48.6%.
Significant Reduction in Net Loss
Net loss significantly narrowed to $188,000 from $1,190,000 in Q3 2024.
Strong Financial Position
Cash and cash equivalents of nearly $12,000,000 with zero long-term debt and working capital of $14,000,000.
Positive EBITDA
The company achieved an EBITDA positive status with nearly $200,000, indicating improved operating performance.
Increased Revenue Guidance
Revenue guidance for fiscal year 2025 increased to at least $25,000,000, representing a 160% year-over-year increase.
Strategic Product Development
Continued investment in R&D, up 60%, focusing on MIMO, 64 P64 ORAN radios, private 5G network systems, and cryogenic amplifier platforms.