Record Revenue Growth
Revenue grew by over 100% in the second quarter, driven by new military programs, particularly the F-16 program, and contributions from legacy platforms.
EBITDA and Profit Surges
EBITDA increased by over 200% and profit by over 300% from the previous year, indicating significant operating leverage as the business grows.
Strong Backlog and Future Prospects
The company reported a backlog of approximately $80 million as of March 31, 2025, with expectations of strong growth in both revenue and EBITDA for fiscal 2025.
Successful Military Expansion
Continued investments in infrastructure and systems capabilities to support defense customers, with a goal of 40% revenue from military customers in fiscal 2025.
Facility Expansion on Track
Expansion of Exton, Pennsylvania facility is on track for mid-2025 completion, expected to triple production capabilities.