Significant Revenue Growth
The company delivered over 70% year-over-year growth in revenue, driven by new military programs and contributions from legacy platforms.
Backlog Increase
Backlog increased to approximately $81 million as of December 31, 2024, compared to $14.6 million in the prior year.
Strategic Investments
Significant investments made in infrastructure and systems capabilities to support high performance requirements of defense customers, including a new ERP system and expansion of the Exton, Pennsylvania facility.
Headcount Increase
The company increased its workforce by over 25% from last year to support strategic growth initiatives.
Positive EBITDA Growth
EBITDA was $2.7 million during the first quarter, up from $2.1 million last year, a 28% increase.