Strong Order Growth
Orders increased to $37.6 million, the highest since Q2 2022, with a sequential $11.4 million increase in backlog. Automotive and defense/aerospace sectors showed significant growth, proving the success of market diversification strategies.
Record Alfamation Bookings
Alfamation bookings reached an all-time high, indicative of strong demand for test equipment from Tier 1 electronic suppliers. Orders from auto/EV doubled to $14.6 million.
Defense and Aerospace Sector Growth
Defense/aerospace orders more than doubled sequentially to $6.4 million due to increased demand for test equipment for next-generation weapon systems.
Year-Over-Year Order Increase
Overall orders were up 34.2% year-over-year, with significant increases in auto/EV, industrial, and defense/aerospace sectors.
Improved Financial Flexibility
Total debt reduced by $6.2 million in the first 9 months of 2025, resulting in $21.1 million in cash, cash equivalents, and restricted cash, with approximately $61 million in liquidity.