Revenue Growth
Second quarter revenue increased by 4.5% to $21.2 million, consistent with the company's targeted single-digit revenue growth for 2025.
Gross Margin Improvement
Gross margin improved significantly to 47.4% compared to 37.3% in the second quarter of 2024, driven by a better sales mix and cost reduction initiatives.
EPS Growth
Fully diluted GAAP EPS was $0.96, up from $0.47 in the second quarter of 2024. Non-GAAP fully diluted adjusted EPS was $1.30, significantly outpacing the $0.55 in the second quarter of 2024.
Federal Order Activity
Received significant orders from the USDA Forest Service totaling $12.9 million, with total order value reaching $17.8 million in July alone.
Cash and Working Capital
Cash and cash equivalents were $11.9 million with no debt, and working capital improved to $28.9 million as of June 30, 2025.
Launch of RelayONE
Introduced RelayONE, a portable repeater kit, and received a purchase order from Larimer County Sheriff's office for their search and rescue team.