Q1 2025 Performance Highlights - Total revenue reached $51.7 million, a 16% increase year-over-year[8, 9] - Aerospace & Defense (A&D) revenue was $32.7 million, up 50% year-over-year[4, 9] - Product revenue increased by 22% year-over-year[17] - Total gross margin was 26.7%, compared to 16.8% in Q1 2024[8, 14] - Adjusted EBITDA was $0.10 million, a significant improvement from $(4.9) million in Q1 2024[8, 14] Revenue Breakdown - Industrial revenue was $8.9 million, a decrease of 26% year-over-year[9] - Microfabrication revenue was $10.1 million, a decrease of 6% year-over-year[9] Q2 2025 Outlook - Revenue is projected to be between $53 million and $59 million[28] - Gross margin is expected to be between 19% and 25%[28] - Adjusted EBITDA is forecasted to be between $(4) million and $1 million[28]