Revenue Growth
Revenue for the quarter came in at almost USD 5 million, up from $4.5 million in the year ago first quarter and up from $4.6 million in the sequential first quarter.
Strong Performance in Swimming Pool Segment
Delivered 6 systems and generated nearly $800,000 in revenue in the swimming pool segment. Order flow looks strong as the company enters the back half of the year.
Sequential Growth in Ceramics and Plastics
Ceramics and plastic segments experienced a 31% sequential growth, contributing to overall revenue improvement.
Significant Orders and Projects
Received an order from North Star Bluescope Steel for a filtration system. Also, a new pilot system was delivered to Razorback Direct to address a new end market opportunity.
Positive Outlook for Full Year Revenue
Full year revenue is expected to be between USD 19 million and USD 20 million, equating to a 30% to 37% increase from full year 2024.