Improved Gross Margin
Consolidated gross margin increased by 320 basis points year-over-year to 32.6%, with the OSS segment achieving a gross margin of 45.5%.
Strong Bookings and Demand
OSS segment reported a book-to-bill ratio of 2.0 for the quarter and 1.33 for the trailing 12 months, indicating strong customer demand and future revenue potential.
Record Defense Contract Award
A single contract award of $6.5 million with a large defense prime, contributing significantly to the quarterly bookings.
Strategic Growth Opportunities
Pursuing growth in AI, machine learning, autonomy, and sensor fusion at the edge with strong pipeline opportunities in both commercial and defense sectors.
Positive Outlook for Bressner Segment
Stability in the German and EU markets with Bressner segment on track for consistent sales and profitability in 2025.