Revenue Growth
Total revenues for Q1 2025 were $12.7 million, a 13.8% increase over $11.2 million in the same period last year, driven by strong defense program product and solution shipments.
Increased Net Income
Net income was $1.6 million or $0.56 per diluted share in Q1 2025 compared with $1.5 million or $0.53 per diluted share in Q1 2024.
Backlog Increase
Backlog was $55.5 million as of March 31, 2025, compared to $47.2 million as of December 31, 2024 and $46.1 million as of March 31, 2024, reflecting several large defense and avionics orders.
Strategic Investments and Rebranding
Continued strategic investments in R&D and rebranding efforts, including updates to the company logo, website, and sales materials.
Large Defense Contracts
Publicly announced a large order supporting shipboard systems for over $10 million.