Doubling of Q1 Revenue
First quarter revenue more than doubled to $6.7 million, marking a 103% increase from the prior year's first quarter, largely driven by increased sales and rentals of e-Boost solutions.
Significant Backlog and Pipeline Growth
The total backlog increased by 18% to $23.2 million compared to the prior quarter, with a growing sales pipeline involving municipalities, transit authorities, and major package delivery providers.
Introduction of HOMe-Boost
A new residential/light commercial power system, HOMe-Boost, was announced, promising to revolutionize energy resilience and fast charging with a natural gas engine and optional DC fast charging.
Strong Cash Position
As of March 31, 2025, the company had cash on hand of $25.8 million with zero bank debt.