Strong Growth in EV Charging Business
The Voltrek electric vehicle charging station solutions business achieved 37% growth in revenue, with improved gross margins of 28.3% in FY '25 compared to 27.2% in FY '24.
Cost Reductions and Improved Margins
Meaningful reductions in the cost of LED lighting fixtures and operating overheads by more than $4 million in FY '25, with further reductions planned in FY '26, leading to increased gross profit margins.
Business Reorganization for Growth
Reorganized into two commercial business units, Solutions and Partners, to better capitalize on strengths and optimize success across LED lighting, EV charging, and electrical maintenance.
Positive Adjusted EBITDA
Achieved positive adjusted EBITDA in both Q3 and Q4, along with positive operating cash flow for the full fiscal year.