Revenue GrowthA sharp acceleration to ~46% revenue growth in 2025 versus ~9% in 2024 signals strengthening demand and improved market traction for core networking products. Sustained higher top-line growth supports scale, potential operating leverage and a larger base for recurring service revenue over the medium term.
Gross Margin StrengthConsistently high gross margins (mid-50s to low-60s) point to durable product-level profitability and pricing power in enterprise/public-sector network hardware. Strong gross margins provide headroom to invest in R&D, channel support and services, underpinning long-term competitiveness despite operating-cost swings.
Improved Balance SheetMarkedly lower leverage and steady equity growth improve financial flexibility and reduce refinancing risk. A more conservative capital structure helps absorb cyclical revenue swings, supports capex and working-capital needs, and strengthens the company’s ability to fund product development and service expansion.