Revenue Growth
Revenues for Q2 2025 totaled $12.5 million, representing a 20% increase compared to the same period last year. Revenues for the first half of 2025 reached $25.3 million, up from $22.2 million in the first half of 2024.
Gross Profit and Margin Expansion
Gross profit totaled $3 million, nearly double from the same quarter last year, with gross margin expanding to 24.1% from 15.6% in Q2 2024.
Operational Income Increase
Operational income rose to $1.5 million, up from $0.4 million in Q2 2024, indicating improved profitability.
Strong Defense Market Performance
The defense market accounted for approximately 65% of total revenues, supported by increased demand both domestically and internationally.
Infrastructure and Capacity Expansion
Key infrastructure initiatives include a new 40-meter coating line expected by the end of 2025 and a completed upgrade to the cooling system, providing 20% surplus capacity.