Financial MilestoneA significant milestone for the year was securing approval on the $50.8M EXIM bank loan, which is targeted towards completing the Jamestown facility.
Operational ExpansionManagement expects to initiate battery assembly operations at the Jamestown facility in April 2025, which should position the company in a solid position to drive faster top line growth beginning in FY2026.
Revenue ExpectationsManagement maintained its expectations for FY2025 revenues to exceed $60M.