5/1/2025

speaker
Unknown Analyst
Analyst

kind of the macro environment. I understand. That's very helpful, Keller. I'd like to dive in a bit on Ingenia. We recently saw the facility, and feedback has been universally positive on that event. For what it's worth, your team presented very well. It's obviously a rather unique asset, so appreciate you guys putting that together. It looks like with limited inorganic contribution time in this quarter, that growth continues to accelerate. Just curious if you're willing to share what your team is projecting in terms of engineering revenue for this year and then speak to the visibility that you have for multi-year growth with that effort.

speaker
Paul Clegg
Chief Financial Officer

Maybe one of the things I can do to just kind of constrain that for you, uh you know we we uh anticipated being at 100 million you know kind of a run rate at the end of this year at the end of last year didn't quite get there but uh due to some equipment delays we talked about uh those were subsequently you know installed and we really are hitting that you know that pace now so between now and the end of the year the capacity the revenue capacity at ingenia we think we'll get to 140 so it's somewhere between those two to kind of constrain it there. Obviously, we would be, you know, certainly less than 140 for the full year, given that's the capacity that you're going to hit at the end of the year.

speaker
Gene Smith
Chief Executive Officer

You know, Brian, on the demand side, as we've talked about, we're going to be expanding into the U.S. The demand is very high for that product. As you saw, we really have a unique value proposition there. And I can tell you that there is a lot of our reps that are dying to get their hands on Ingenia for their line card because, frankly, I believe they have a better solution. And so we actually see, you know, the constraint for us is not going out and finding sales. I mean, you still have to do that, but it's really building the capacity And it's hard to scale capacity, and they've grown tremendously from just two years ago, and they're still growing. But a very good business, a very good leadership team there, and we're excited about it. So we have a lot of attention on continuing to scale that, both in Maribel, up in Canada, but also expanding capability in the States.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

-

-

Investor presentation