Record Revenue Growth
Revenue grew 134% year-over-year to $3 million and 46% sequentially from the first quarter of 2025, marking the sixth consecutive quarter of sequential revenue growth.
Successful Product Line Expansion
Expansion into the home energy storage market with the introduction of two LiFePO4 battery solutions, targeting home and small commercial solar users, with one product already receiving UL 9540 certification.
Improved Financial Performance
Net loss decreased by 38% to $1.4 million from $2.2 million in the prior year period, with a 43% improvement in net loss for the first half of 2025 compared to the prior year.
Operational Accomplishments
Significant milestones achieved in diversifying supply sources and building inventory to mitigate tariff impacts, and plans for onshoring manufacturing to reduce costs.