Strong Revenue Growth
Revenue for the quarter increased by $15.4 million or 49.3% compared to the fourth quarter of fiscal 2024. For the fiscal full year 2025, revenues increased by $42.5 million or 34.1% to $167.2 million.
Successful Acquisitions
Completed four major acquisitions, including Veridian, LHD, Jolly Scarpe, and Pacific Helmets, which contributed significantly to revenue growth and expanded global market presence.
Gross Margin Improvement
Consolidated gross margin increased by 420 basis points to 41.1% in Q4 2025 compared to 35.9% in Q4 2024. Organic gross margin also saw a strong improvement from 35.8% to 48.5% year-over-year.
Debt Reduction and Improved Balance Sheet
Closed an oversubscribed $46 million public equity offering, which was used to pay down debt, significantly improving the balance sheet and reducing annual interest expenses by $2.5 million.
ERP Modernization
Initiated a project to enhance, modernize, and consolidate company-wide ERP systems to further support growth and profitability.