![]() ![]() Executed binding Letter of Intent (LOI) to acquire Europe-based Amiga DOO Kraljevo to expand into the European market and increase production, engineering, sales and product development expertise.$100 million line of credit available and unused.Backlog of $34 million on June 30, 2023.Operating expenses improved by 44% as a percentage of revenue over same period prior year.Gross margin improvement of 12% as a percentage of revenue over same period prior year.Record Q2 gross profit of $0.5 million, 3% gross profit margin.Record Q2 EV ARC™ system deployments increased 589% YOY, increased 33% from Q1 2023.Record first half revenue of $30.8 million, a 312% increase over first half 2022. ![]()
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