February 6, 2019
The Company provides critical simulation software used by the U.S. Air Force, Army, and Marine Corps and NATO in addition to companies such as Raytheon, General Dynamics and GE Aviation. The Company’s SaaS platform is relied on for custom simulations tailored to specific requirements for the aerospace, defense and transportation industries. Through its platform, the Company is revolutionizing the way custom constructive simulations are developed and maintained. The Company currently has over 200 installed seats under active subscriptions.
The Company has been growing revenue and EBITDA by double-digits for the past four years. Revenue for 2019 is expected to total $4.3 million, with over $2.2 million in adjusted EBITDA.