Improved Gross Margin
Gross margin percentage on product sales increased to 66% from 47% in the previous year, due to improvements in average selling prices and cost reductions.
Positive Adjusted EBITDA
Adjusted EBITDA for Q1 2025 was $180,000 compared to a loss of $104,000 in Q1 2024, marking four consecutive quarters of positive adjusted EBITDA.
Launch of Next-Generation Product
Successfully shipped the next generation 60 megahertz technology, offering over twice the performance of the previous generation.
Positive Operating Cash Flow
Generated $2.7 million of positive operating cash flow in Q1 2025.
Renewal of Term Loan
Negotiated the renewal of the term loan with a 12-month reduction in principal payments.