Record Fourth Quarter Revenue
Achieved fourth-quarter revenue of $36.6 million, marking a record for the company. This contributed to a full-year revenue of $130.7 million, which is the third consecutive year of record revenue.
Consistent Sales Growth
Full-year sales growth of 6%, driven by the $25 million contribution from the AlfaMation acquisition and strong demand in auto EV, defense, aero, and life sciences markets.
Strong Order Growth
Fourth quarter orders increased 11% year over year, with significant increases in orders for Auto EV and life sciences, demonstrating strong market demand.
Positive Cash Flow and Debt Management
Generated $2.6 million of operating cash in the quarter, with a free cash flow of $2.4 million. Ended the quarter with cash and equivalents of $19.8 million and repaid approximately $1.1 million of debt.