Leonard Sokolow

“As Steve mentioned, we've had growth in revenues—eight consecutive quarters year-over-year—and over the last three years we've had three years of consecutive growth in annual revenues.”

“To reiterate, we have reported year-over-year and sequential growth, which is significant for us and reflects a positive trend that we expect to continue.”

“We reported an increase of 15% with record second quarter 2025 revenues of $23.1 million compared to $20.1 million for the first quarter of 2025.”

“Just if I could run through some select first quarter 2025 financial results. Our revenue in the first quarter of 2025 increased 6% to $20.1 million in revenues, including e-commerce sales as well as smart and standard plug-and-play products, as compared to $18.9 million in the first quarter of 2024.”

“Just to reiterate, initially, the revenue in our second quarter of 2024 increased to a record $21.4 million, including our e-commerce sales, as well as smart and standard plug and play products, as compared to $15 million in the second quarter of 2023.”