Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $8.3 million, representing a 69% increase compared to Q1 2024 and a 12.2% increase from Q4 2024 [3][8] - Gross profit for Q1 2025 was $2.7 million, with a gross profit margin of 32.4%, compared to a gross profit of $800,000 and a margin of 16.2% in Q1 2024 [8][9] - Net income for Q1 2025 was $360,000, or $0.05 per share, compared to a net loss of $1.5 million, or $0.22 per share, in Q1 2024 [5][9] Business Segment Data and Key Metrics Changes - Revenue from the CVD Equipment segment was primarily driven by two contracts in industrial markets and aerospace [3] - The SDC segment experienced strong demand for gas delivery equipment, but backlog declined from $19.4 million at the end of 2024 to $13.8 million by March 30, 2025 [4] Market Data and Key Metrics Changes - The company noted fluctuations in order and revenue levels due to the nature of the markets served, with recent tariffs presenting new challenges and uncertainties [5][11] Company Strategy and Development Direction - The company is focused on identifying opportunities in key markets such as aerospace, defense, high power electronics, and EV battery energy storage [5] - A plan was implemented to reduce operating costs in line with current customer demand to improve operating performance [4] Management Comments on Operating Environment and Future Outlook - Management expressed that the return to consistent profitability depends on new equipment orders, managing inflationary pressures, and controlling operating expenses [11] - The company believes it is well-positioned for the future despite economic and geopolitical uncertainties [5][11] Other Important Information - Working capital as of March 31, 2025, was $14.5 million, an increase from $13.8 million at the end of the previous year [10] - Cash and cash equivalents decreased to $10.2 million from $12.6 million at the end of 2024, primarily due to costs incurred on contracts in progress [10] Q&A Session Summary Question: No questions were raised during the Q&A session - The operator noted the absence of questions and returned the floor to the CEO for closing remarks [14]