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Backlog
Represents the value of unfulfilled orders, showing future revenue visibility and overall product demand strength.Backlog has fallen from multi‑year highs to minimal levels over the last year, with only fleeting recoveries—a pattern that makes the company’s first profitable quarter appear driven more by cost cuts than durable demand. Management’s disclosure of a major customer capital freeze likely accounts for the recent decline and implies higher near‑term revenue and cash‑flow risk. Product launches (SkyLink, software tiers) and OEM hires provide a credible long‑term recovery path, but replacing concentrated volume will take time and execution.
Date | Backlog |
|---|---|
Jun 30, 2026 | $3.70M |
Mar 31, 2026 | $5.29M |
Dec 31, 2025 | $3.82M |
Sep 30, 2025 | $5.69M |
Jun 30, 2025 | $9.92M |
Mar 31, 2025 | $16.89M |
Dec 31, 2024 | $17.48M |
Sep 30, 2024 | $21.19M |
Jun 30, 2024 | $17.87M |
Mar 31, 2024 | $19.63M |