Total Revenue

35% increase ( " " " " )

Q1 2025 total revenue increased to $103.64 million from $76.65 million in Q1 2024 due to stronger order fulfillment and higher unit shipments, particularly in the Defense segment, building on improvements from prior periods. " " " "

Defense Segment Revenue

47% increase ( " " " " )

Q1 2025 Defense revenue rose to $80.94 million from $55.04 million in Q1 2024 driven by increased shipments from an expanding backlog and robust contract awards, reflecting enhanced operational execution over the previous period. " " " "

Safety Segment Revenue

More than doubled from $0.35 million to $0.78 million ( " " " " )

Safety revenue more than doubled, though its overall contribution remains small; the improvement signals early-stage market penetration and progress in obtaining necessary certifications compared to the modest performance in Q1 2024. " " " "

Net Earnings

16% increase from $6,568 thousand to $7,610 thousand ( " " )

Net earnings grew by 16% along with an EPS improvement (from $0.92 to $1.07) as a result of higher net sales, improved gross margins, and better cost management, building on the stronger fundamentals of the previous period. " "

Operating Cash Flow

More than doubled from $5,555 thousand to $12,460 thousand ( " " )

Operating cash flow more than doubled thanks to improved cash collections and enhanced working capital management, such as lower receivables and moderated inventory impacts relative to Q1 2024, indicating stronger liquidity and operational performance. " "