Significant Increase in Net Sales
Net sales for Q1 2025 were $19.2 million, representing a 42.7% increase from $13.5 million in Q1 2024, and a 4% sequential increase.
Improved Gross Profit Margin
Gross profit margin for Q1 2025 increased to 29.8% from 24.5% in the same quarter of the previous year.
Operating Profit and EBITDA Improvement
Delivered an operating profit for the second consecutive quarter with adjusted EBITDA of $867,000, a $2 million positive swing compared to Q1 2024.
Diversification and New Market Opportunities
Won a large interconnect opportunity from a leading aerospace company, expanding presence beyond Tier 1 wireless carriers.
Successful Transition to Solutions Provider
Shift towards higher value offerings, such as DAC thermal cooling systems and integrated small cell solutions, contributing to financial performance.