OSS Segment Revenue Growth
Year-over-year revenue growth of 17.5% in the OSS segment, driven by higher margin market opportunities.
Positive Cash Flow
Generated operating cash flow of over $900,000, indicating strong financial health despite inventory adjustments.
Customer-Funded Development Increase
Year-to-date customer-funded development revenue rose to $2.8 million from $877,000, reflecting strategic focus on integrated solutions.
Strong Order Growth
OSS segment orders outpaced revenue by 25% for the third consecutive quarter, with notable contributions from air and maritime defense markets.
Leadership Strengthening
New leadership appointments including Daniel Gabel as CFO and Fabrizio Sardo as VP of Operations, aligning with strategic growth plans.
Future Growth Outlook
Projected revenue growth of 25% for the OSS segment in 2025 with positive indicators from pipeline and bookings.