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| Statement |
|---|
| In 2023, the company achieved unprecedented milestone in terms of both revenue and profitability, setting new records |
| During 2023, we enjoyed positive cash flow from operating activities of $8.9 million compared to $3.8 million in 2022 |
| Our focus includes strengthening collaboration and securing substantial orders for new products with a leading customer whose machinery and technology play a crucial role in the large-scale production of semiconductor chips |
| Furthermore, we successfully implemented cutting-edge engineering software |
| The successful capital raising and the fact that during 2023, we have repaid all our bank debt loan will allow us to finance a future M&A transaction -- raising debt either from the bank or from the public |
| Revenues for the year ended December 31, 2023, totaled $46.7 million compared to $39.7 million in 2022, an increase of -- The increase in revenue is mainly due to the increased demand for our products during 2023 and our continuous efforts to increase production capacity |
| This software is a position to us at the front end of the technological advancement in this field |
| market, we anticipate substantial growth in the upcoming years |
| The underlying motivation behind the chips in the PCB Act to repatriate chips and PCB production to America for seeing increased demand for the domestic PCB manufacturing |
| Since the inspection of our accelerated investment plan in 2022, our backlog had increased by 130% |
| Gross profit increased by 58%, reaching $13.1 million compared to a gross profit of $8.3 million in 2022 |
| The growth trend should continue as long as we continue in our accelerated growth |
| EBITDA reached $8.6 million |
| I would also like to thank all our customers, partners and investors for their continued support |
| Unidentified Analyst I think you did great this last quarter last year |
| Eli Yaffe Before we conclude our call, I would like to thank our employees for their continued efforts to meet our strategy of growth and profitability |
| We have achievably diversified our revenue streams by exploring opportunities beyond the defense and medical devices market |
| Have a good day |
| Our approach to pricing and order acceptance remains as a key focus as we continue to optimize this strategy to achieve optimal profitability rates |
| Good morning |
| This move seeks to optimize office utilization, freeing up space for expanded production capacity |
| In our pursued expansion of the growth, we are actively seeking for acquired PCB manufacturing company in United States, recognize the strategic importance of the U.S |
| The growing demand persists, and we anticipate that the trend to extend into the upcoming years |
| The increase is mainly due to the increase in revenues |
| Currently, effort has been underway to augment our commercial sales volume |
| Statement |
|---|
| As a result of the securities challenges in Israel and the logistical issue entering the shipment of the arrival of the supplier technical team to the country, we anticipate potential delay of the accelerated investment program |
| The ongoing situation in Israel, coupled with the presidents rise in the defense budget across European nations and the trade tension between the U.S |
| Remarkably, all key profitability indicator experienced substantial growth rate underscoring the success of our strategic cost initiatives |
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