Positive Revenue increased 16.2% YoY to $15.8M in Q2 FY2025 Operating income grew 188.9% to $2.6M in Q2 Record backlog of $81M, up from $78M at fiscal year-end Strong gross margins at 48% for Q2 Net cash from operations improved to $2.4M from -$3.0M YoY Company maintains debt-free status
Negative R&D expenses increased to 10% of revenue Commercial and industrial sales declined to $0.6M from $0.7M YoY Non-space U.S. Government/DOD revenues decreased to $5.8M from $8.2M YoY
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