Sequential Revenue Growth
Second quarter revenue increased 10% sequentially and 2% year-over-year, excluding divestitures, marking the first year-over-year revenue increase since 2022.
Advanced Applications Record
Achieved another quarter of record revenue in advanced applications driven by higher demand in directed energy, semiconductor, and scientific applications.
CROSSBOW Launch with Lockheed Martin
Announced the delivery of multiple units of the first laser counter UAV solution, CROSSBOW, to Lockheed Martin. The system underwent extensive field testing and customer demonstration.
Micromachining and Medical Growth
Micromachining delivered strong year-over-year revenue growth despite tariff-related shipment delays. Progress in medical with a new urology customer driving revenue growth.
Strategic Investments and Leadership
Continued focus on organic growth with $100 million CapEx planned for 2025 and introduction of new key leaders to support global growth.