Increased Backlog and Pipeline
The backlog grew to $21.9 million, with a strong pipeline of opportunities tied to grant awards, indicating potential for future revenue conversion as funding improves.
International Revenue Growth
International revenue more than doubled, reaching $1.2 million compared to $0.4 million in the prior year, with notable growth in markets like Canada and Colombia.
STEP Program Success
The STEP program shows high renewal rates and consistent adoption, contributing to recurring revenue and providing a stable revenue base.
Introduction of New Products
Launched the V-One Portable Simulator and the APEX analytics platform, expanding the addressable market and enhancing training capabilities.