Multimillion-Dollar Orders and Customer Base Expansion
Secured multimillion-dollar orders totaling $2.4 million from top material handling customers and a large order from a major airline, doubling the airline customer base compared to last year.
Strategic Financial Improvements
Completed two capital raises totaling $13.8 million in proceeds, net of fees, for working capital and product development acceleration.
Key Certifications and New Market Opportunities
Received UL EE and UL 1973 listings, unlocking new market segments worth around a billion dollars in total addressable market, including chemical, agriculture processing, oil and gas, and pharma industries.
NASDAQ Listing Retention
Successfully retained listing on the NASDAQ Capital Markets, ensuring broad access to common stock.
Software Expansion and New SaaS Customers
Graduated SkyMS 2.0 SaaS platform and converted a major airline from beta testing to a paying customer, with multiple paying customers onboard.