Strong Performance in Aerospace and Defense
Year-over-year increase in hardware sales, including new customer purchases and significant wins with Boeing, Embraer, Honeywell, and L3 Harris. Participation in Trident Warrior 25 showcased distributed manufacturing capabilities.
Strategic Partnerships and Customer Engagements
Established partnerships with industry leaders in aerospace, automotive, and defense. Notable engagements with a top US-based technology company for prototyping and production, and strategic partnership with Andretti Global.
Cost Management and Cash Flow Improvements
Notable reduction in non-GAAP operating expenses by 440 basis points year-over-year. Generated $6.9 million in cash from operating activities compared to a use of $4.5 million last year.
Positive Developments in Dental Sector
Strategic investments and leadership appointments to enhance dental offerings. Launch of SoftRelax post-processing solution reducing manual labor by 90%.