Strong Revenue Growth
Fiscal second quarter net sales grew 17% to $18,900,000 year over year.
Improved Gross Profit Margin
Gross profit margin increased to 31.5% from 29.9% year over year.
Operating Profit Achievement
Delivered an operating profit of $106,000 versus an operating loss of $415,000 in the second quarter of 2024.
Significant Backlog Increase
Backlog increased to $18,400,000 from $15,000,000 six weeks ago.
Expanded Customer Base and Product Diversity
Diverse growth in wireless, aerospace, public safety, and industrial OEM customers, with repeat and new customer wins.
Innovative Product Developments
Launch of a next-gen DAC system with advanced control capabilities and a NEMA four certification.
Reduced Inventory Levels
Inventory decreased from $14,700,000 to $12,600,000 due to improvements in procurement and supply chain processes.
Non-GAAP Net Income Improvement
Non-GAAP net income was $701,000 or $0.07 per diluted share versus a net loss of $4,300,000 or $0.41 per diluted share in the previous year.