Revenue Growth - Company achieved record fiscal year revenue of 10.7millionfor2024,upfrom8.1 million in 2023, representing a 32% increase [6] - Fourth quarter revenue was 2.8million,comparedto1.9 million in Q4 2023, marking a 47% year-over-year growth [3] - Company expects record revenue for fiscal year 2025 in the range of 14.5millionto16.6 million, indicating a potential growth of 35% to 55% [16] Profitability and Margins - Gross margin for fiscal year 2024 was 34%, slightly down from 35% in 2023, while adjusted gross margin improved to 37% from 35% [6] - Adjusted EBITDA loss for the full year 2024 improved to 1.3millionfromalossof1.7 million in 2023 [8] - Selling, marketing, and distribution expenses for 2024 were 3.1million,or29852,000, compared to a loss of 701,000inQ42023[4]FutureOutlook−CompanyanticipatesconsistentrevenueandmarginsinQ12025,withsignificantgrowthexpectedinthelatterhalfoftheyear[15]−Companyisfocusedonexpandingitsproductportfolioandcustomerbase,particularlyintheeducationmarket[2]FinancingandInvestment−Companyraised3 million in growth financing to enhance production capacity and support market expansion [14]
